Nedbank Student 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.

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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.

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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

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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:

DOCUMENTFULL-TIME STUDENTPART-TIME STUDENTSURETY/ SPONSOR
Identify Document (plus a certified copy)YESYESYES
Marital status declarationYESYESYES
Latest academic record/ Matric resultsYESYESNO
Proof of study expenses (tuition, accommodation, books etc) – Invoice/ StatementYESYESNO
Proof of tertiary registraion or acceptanceYESYESNO
Proof of life insurance coverYESYESNO
Proof of residence (FICA)YESYESYES
Cohabitation form from Nedbank branchYESYESNO
3 months latest bank statements (non Nedbank clients only)NOYESYES
Latest payslipNOYESYES
Income and Expenses statementNOYESYES
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