Getting an FNB Study Loan is the ideal way to have simple and convenient access to finance your study needs.
The high cost of tertiary education often makes it unaffordable many students and many households across the country. With the help of an FNB Study Loan however, more people can get access to tertiary education.
What benefits are offered by the FNB Study Loan?
The personalised interest rate offered is designed to ensure that loan amounts are structured to suit your unique needs. The interest rate is based on your individual creditworthiness and affordability.
Access to loan amounts from R4000 to R80 000.
You get to pay only the interest while studying and the rest after graduation. You are also given a grace period after your graduation, before you are required to repay your FNB Study Loan.
The FNB Study Loan covers the costs of tuition, books as well as campus accommodation
A Customer Protection Plan is offered, which covers payment of your debt in the event of your death or permanent disability.
The application process is simple. Once you are approved, repayment periods can be obtained to suit your individual needs.
What are the qualifying criteria?
- Be over 18 years of age
- Principal debtor must earn R6000 or more per month
- Student must be registered with a South African tertiary institution
- Provide a copy of the applicant’s South African ID
- Provide proof of residence not older than 3 months
- Provide proof of enrolment
- Provide latest 3 months’ bank statements
- Provide latest business financials if self-employed
FNB recognises the sacrifices many people make in order to further their education. With FNB Student Loans, individuals are assured of access to finance to help them meet their educational goals.
To find out more about the FNB Study Loan visit their website: www.fnb.co.za or call 0861 40 40 40.
