Nedbank Student education loans provide individuals with a gateway for you to get instruction. Education is paramount to success within the competitive world we reside in. Furthering college puts you inside a better position to create a better life on your own you. In South Africa, even though many people are prepared to further their studies, not everybody can afford to. Tertiary education costs are quite hefty and lots of individuals don't recognise that they have options available easier than they think.
Nedbank Student Loans cover tuition fees, accommodation, books and study-related equipment. Tuition is going to be paid into the account from the tertiary institution. To qualify, courses should be SAQA-accredited and also the duration of the program must be a minimum of 12 months.
What is needed for application?
- A valid South African I.D.
- Latest Matric results
- Latest payslip
- Proof of current address
- Latest 3 months' bank statements
- Invoice/statement of fees owed from the institution
- Invoice of other study-related costs
Nedbank Student Loans are offered at competitive interest rates and versatile repayment terms during after completing the studies.
Nedbank understands that certain courses require internships to be completed just before or after graduation. The financial institution therefore allows borrowers grace periods for internships. For individuals younger than 18 years of age and those who are unemployed, surety is needed for application. The student and their surety will be required to visit a Nedbank branch using the necessary documentation to apply. Students may also be required to apply for every year of registration.
Loans are subject to a once-off administration fee and repayments are made on a monthly basis via debit order.
Credit Life Insurance is provided, which helps to ensure that loans are paid off in the event of death, retrenchment or perhaps in the event of critical illness that renders you or your surety not able to repay.
For more on Nedbank Student education loans, visit the website here: www.nedbank.co.za
