With the burden of ever-increasing tuition fees, many parents are worried about being able to provide their children with the opportunity to further their studies. Even working adults are finding that they are having a tough time saving for their studies. Sometimes the cost of living simply becomes too much to carry. Standard Bank Student Loans are there to assist.
Standard Bank Student Loans are offered by one of South Africa’s leading banking institutions. This product forms part of the bank’s extensive range of financial solutions. This loan is useful for covering tuition fees, textbooks, accommodation and course equipment. Interest charged on the loan is personalised and takes into account the student’s qualification and years of study.
Full time students:
Interest is paid monthly and the total loan has to be paid only once studies have been completed. Repayments are made via debit order and don’t change.
Part time students:
As a part time student you will be expected to repay the loan during your studies with the interest as well.
Standard Bank Student Loans are granted for each specific year of study so you will have to reapply for each year you are registered.
What are the requirements?
The student must be registered at an accredited tertiary institution.
The student must be studying for a certificate, diploma, degree or a post-graduate degree.
How to apply:
Simply fill in the student loan application here: http://www.standardbank.co.za/standardbank/Personal/Borrowing/Student-loans
Standard Bank will pay the institution at which you are registered, directly. Additionally, a Personal Loan Protection Plan is offered, which ensures that your loan is paid off if you or your surety are unable to pay the loan due to death, critical illness or permanent disability.
For more information, contact Standard bank by calling: 0860 123 000.
Visit their website here: www.standardbank.co.za.