Study Loans

Study Loans

The foundation of your success rely on the basics of your internal knowledge. Sometimes a little knowledge can really get you places. Did you know that now you have the power on your hands, the world revolves around the tip of your fingers. Peace at ease, Now you can build your future with the bank that suits you best. The only unfortunate part is that, they are all restricted. There are requirements, and terms and conditions always apply. Do you have a job? And yet unsatisfied? Are there goals you haven't fulfilled? Well, the good news is now you can. One of the mutual requirements by any bank is, you've got to have a job or have any kind of a source of income. (Or if you are a student at any institution, and need a little push in a right direction) Study loans are a way to go.
*NB, When applying for a bank loan, you will have to show proof of registration at an educational institution. You 'll also need somebody, such as a parent or guardian, to sign surety for you. So many options to consider. If you have children who have recently matriculated, build em a better tommorow with Study loans. Don't look at it negatively, you are not putting yourself through unnecessary debts, but rather you are putting yourself through indefensible urge of a better future for both yourself, spouse and children. Apply today and put a smile on your face with a bank that suit you best... just to pension a few,
Standardbank
You will need to fill in a student loan application form and take it to any Standard Bank branch,
student bureau or apply online by visiting
www.standardbank.co.za/mystudentloan If you are a full- time student or a minor you will need to have someone who is acceptable to the bank
to sign as surety.

ABSA requirements
You can apply for a student loan at any of
Their Student Bureaus or branches. Be sure
to bring the following documentation :
1. Proof of registration and studies fees quote
2. Identity documentation
3. Previous academic results
4. A detailed breakdown of textbook costs
Due to the fact that a student loan is taken out in the name of the sponsor, sponsors must provide:
1. Proof of earnings / latest payslip
2. Identity documentation
3. Banking details
4. Marriage / divorce documentation if sponsor is /
was married
With an Absa Study Loan, you only start paying back the loan after you have finished studying. (So does Standardbank, FNB etc)

NETBANK
Your Nedbank Student Loan will cover costs for:
Tuition fees
Accommodation
Books
Study -related equipment
Your student loan contract will be subject to:
A once- off administration fee
A monthly debit order to pay back. the interest on the loan amount borrowed.
NB* For each bank loan, you need to Reapply for each year of registration (a student loan is granted for a specific year of
study)

NSFAS loans

National Student Financial Aid Scheme (NSFAS) is a statutory body, funded primarily by the
South African National Department of Education
and Training, which provides study loans to academically able but financially needy students
who would like to study at one of South Africa's public
institutions of higher education .
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Conclusion,
Banks' requirements are mostly the same, they differ on their interest rates, yours is just to compare the rates and start building a relationship with a bank that suit your needs,
(Unedited...rash, let me know if I missed something) -   
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