Getting the correct qualification chief to your success but, with tertiary education becoming more and more expensive, those dreams of success can seem so far away if you don’t have what it takes to pay for your studies. Nedbank, has shown its commitment of safeguarding the future of students by introducing a financial facility that caters for tertiary students.
Absa’s student loan is meant for every tertiary student who meets the required requirements despite of level of study. But the amount of money and interest rate allocated for fulltime, party time and undergraduate students differs.
Nedbank’s allegiance towards education comes at a time when many South African students at tertiary level are under pressure to pay for their studies at many local colleges and universities. According to Nedbank, the student loan will giv prospective students and parents peace of mind and a sense and financial security knowing that funds are available for further studies.
The Nedbank student loan will cover a student’ tuition fees, accommodation, books and study-related equipment.
To be part of this financial facility, an applicant should be recognized by a tertiary institution and a student together with the surety should submit an application form accompanied by the following documents at the nearest Nedbank branch, a green bar identity document, metric results/last academic results, proof of earning or latest payslip, proof of current residential address, three months bank statements (non-Nedbank clients), income and expenditure statement, invoice/statement of fees owed, invoice of other study related costs, cohabitation form obtained from a branch, marriage certificate, antenuptial contract or divorce decree (if relevant) and insurance cover in case of death or disability (can be arranged through Nedbank)
Successful applicants will be eligible for a Dezign Student Account, a form of account that enables a student access to a transactional account in a convenient and cost-effective manner.
Some of the benefits of this product include a competitive interest, grace period for students who have internships and competitive Nedbank credit life cover for death or disability.
For more information about this product, visit the Nedbank website or call 0860 555 111.