Student loans are generally available from established financial lenders. In South Africa, student loan options are available for full-time and part-time students. There are also options available for a surety to apply on behalf of a dependant.
Applying for student loans for a better future is one of the easiest ways to improve standards of living for most people. Getting student loans give students an opportunity to focus on their studies and have the peace of mind knowing that their tuition, accommodation and study-related costs are taken care of.
Getting a tertiary education offers people better financial options, improves their standards of living and helps with personal development.
For individuals who are looking for student loans in South Africa to study abroad, there may be a number of options available.
Applying for these loans is quite simple and can be done by visiting the website or by going to your nearest branch.
Most banks require applicants to provide proof of registration, proof of identity as well as to have surety and to have some proof of employment. If you are not employed, you could get someone who is employed to act as surety for you. In order to facilitate faster approval, it would be best for you to submit all necessary documentation.
Nedbank has a study loan option available with competitive interest rates as well as flexible repayment terms.
The banking institution also offers student loans in South Africa to study abroad.
To apply, applicants need to provide a valid South African ID, their latest academic results, proof of earnings, latest 3 months’ bank statements, invoice from the tertiary institution, invoice of other study-related costs and proof of registration.
Call Nedbank on: 0860 555 111
IEFA International Student Loans
These are International student loans for students who are not U.S citizens who are eligible for U.S college or University study.
Borrowers are required to have a creditworthy co-signer who is a U.S citizen. The loan covers tuition, books, fees, insurance, transportation and other school-related expenses.