Having access to tertiary education can propel individuals towards improving their standards of living and towards a sense of personal development. The unfortunate reality is that the costs of tertiary education in South Africa have sky-rocketed in recent years, leaving many people unable to pursue their studies due to a lack of funds.
It can be quite expensive to undertake, so a Nedbank Student Loan can come in handy.
Here’s what the Nedbank Student Loan offers:
The loan provides cover for student fees, student accommodation, textbooks, as well as other study-related equipment. Your study-related costs are taken care of, leaving you to focus on your education.
With a Nedbank Student Loan you get to benefit from competitive interest rates and flexible repayment terms. Interest rates are personalised and are dependent on your individual creditworthiness and affordability.
A grace period is granted to students who need to do community service, internships or articles after they’ve graduated. This way, as a student, you can focus on your studies, without having to worry about how your fees will be paid.
Competitive credit life cover is provided for death or disability. Your student loan debt is paid off in the unfortunate event of your death or disability.
If you can’t afford to repay the student loan, you may get someone to act as surety on your behalf. Full-time students must be supported by a guarantor.
How to apply:
The student and the guarantor must bring the necessary documents to apply. The guarantor must also have a good credit rating. The guarantor must also have their main transactional bank account with Nedbank.
Documents you need to apply:
- South African ID
- Your latest academic results/ Matric results
- Proof of earnings
- Proof of residence
- Statement of fees owed from the tertiary institution
- Invoice of other study-related costs
Contact Nedbank by calling: 0860 555 111