Nedbank Student Loan

 

ABOUT THE NEDBANK STUDY LOAN

The Nedbank student loan will cover tuition fees, textbooks, on campus accommodation and various other study-related equipment.
 

PAYING BACK THE STUDY LOAN

Nedbank offer flexible repayment terms and competitive interest rates on their study loans.

Once you start your studies, your sponsor (or yourself if you are a part-time student) will start paying the interest on your student loan.

A repayment grace period may be applicable if students partake in articles/ community service or internship programmes upon graduation.
 

ELIGIBILITY

Applicants must satisfy the following minimum entry criteria before applying:

  • South African citizen
  • Accepted to study (part-time or full-time) at a recognised tertiary institution
  • Surety/ sponsor must have a Nedbank transactional bank account
  • Surety/ sponsor must have a good financial standing/ credit record

 

HOW TO APPLY

Applications must be done at your nearest Nedbank branch. Those who are studying full-time and have a sponsor, must apply in person with their sponsor.
 

You will be required to submit the following supporting documentation with your application:

Document Full-time student Part-time student Surety/ Sponsor
Identify Document (plus a certified copy) YES YES YES
Marital status declaration YES YES YES
Latest academic record/ Matric results YES YES NO
Proof of study expenses (tuition, accommodation, books etc) – Invoice/ Statement YES YES NO
Proof of tertiary registraion or acceptance YES YES NO
Proof of life insurance cover YES YES NO
Proof of residence (FICA) YES YES YES
Cohabitation form from Nedbank branch YES YES NO
3 months latest bank statements (non Nedbank clients only) NO YES YES
Latest payslip NO YES YES
Income and Expenses statement NO YES YES

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