It’s often said that education is the key to success. A challenge faced by many people is that of furthering their studies after completing their secondary education. Borrowing from family and friends may be an option, but the truth is that tertiary education costs have sky-rocketed in recent years.
In South Africa, tertiary education costs are rising at a rate that is higher than inflation – effectively leaving many people out of pocket and scrambling for assistance.
Financial institutions like EduLoan often provide the ideal solutions for individuals seeking finance to further their education goals.
Why choose EduLoan?
Since it was founded in 1996, EduLoan has awarded over 800 000 study loans. With a vision to “improve people’s lives through financial access to education”, EduLoan is a leading education finance specialist.
A registered credit provider, EduLoan provides loans to individuals in need, who can afford to make repayments while they are studying, as well as commit to repayments after completion of their studies. The institution will never provide loans to individuals who are over-indebted. An affordability assessment will be conducted during the application process.
EduLoan offers financing for all levels of tuition, whether it’s school, university or college.
The loans will cover course fees, the costs of textbooks, registration fees, equipment, as well as accommodation during your studies.
EduLoan strives to fulfil its commitment to “making education affordable and accessible to individuals looking to further their education”.
The entire loan process is simple and it takes between 3 to 5working days for a loan to be approved.
What are the loan application requirements?
- You or your sponsor’s latest original payslip
- A certified copy of your ID
- A study fee quotation from the institution you will be studying at
- You or your sponsor’s latest month bank statement to prove you are in permanent employment
- Be at least 18 years old, making more than R2000 after all monthly expenses have been paid and employed for more than 6 months.
For more information about Edu Loan, call 0860 55 55 44 or SMS “edu” to 32150.