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:

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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