Education costs have sky-rocketed. More people are finding it more challenging to afford tertiary education cost. The benefits of furthering your studies can help to improve your quality of life by affording you the opportunity to have better career prospects. Nedbank Student Loans are available to help individuals to fulfil their educational aspirations.
Nedbank is one of the major banks in South Africa. It is renowned for providing products and services that are driven by the desire to provide excellent and quality service to clients. Its suite of products and services are designed to meet unique individual needs.
There are a number of benefits associated with Nedbank Student Loans:
As an applicant you only pay a once-off administration fee
The loans are provided at competitive interest rates
Insurance cover is provided, giving you peace of mind knowing the your loan will be repaid in the event of your death or disability
A grace period is given to allow individuals to complete internships or community service. This means that you are only expected to repay the loan after you have completed these services.
The loan covers accommodation fees, books, study-related equipment as well as tuition fees
Tuition fees are paid directly to the tertiary institution. This saves you time and the hassle of having to make payments.
What are the requirements for application?
- A valid South African I.D.
- Latest academic results
- Latest payslip
- Proof of residence
- 3 months’ bank statements
- Income and expenditure statement
- Statement of fees owed
- The course must be SAQA accredited and the duration of the studies must be at least 12 months
How can you apply?
Apply in-branch with a surety along with the necessary documents. If you are under the age of 18 years or if you are unemployed, you will be required to have someone to apply on your behalf and take on the responsibility pf making monthly repayments.
Visit the Nedbank website here: www.nedbank.co.za