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How to Settle Nedbank Student Loan 2023

Nedbank Student Loan Settlement

Nedbank Student Loan Settlement: Steps to settle your student loan.

This article contains information on how to settle Nedbank student loan on the Money app and the Online Banking system.

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With us, you can know that your fees, books, accommodation, and other costs are covered while you focus on your studies.

On the Money app

1.     Log in with your Nedbank ID, app PIN or fingerprint.

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2.     Swipe to Loans.

3.     Go to Student loan to choose your account.

4.     Go to Features > Get settlement quote > Settle loan.

5.     Tap Pay now to settle your loan, or tap Cash deposit or EFT for more options.

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Using Online Banking

You can settle your loan online only if you have a linked cheque, savings or credit card account, and all settlement conditions have been met.

  1. Log in to Online Banking with your Nedbank ID.
  2. Go to Loans.
  3. Go to Student loan to choose your account.
  4.  Go to View more balances > Settle loan.
  5. Follow the instructions to continue with your payment.

How to Rename Nedbank Student Loan Account

On the Money app
  1. Log in with your Nedbank ID, app PIN or fingerprint.
  2. Swipe to Loans.
  3. Go to Student Loan to choose your account.
  4. Go to Details > Edit.
  5. Change your account name.
  6. Confirm your account name.

How Nedbank Student Loan works

Step 1.

Apply for your loan

  • Download the loan application form, fill it out and send it back or take it with you to your nearest branch.

Step 2.

Submit it for review

  • Our assessors will review your application along with all the relevant documents as soon as you have submitted them.

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Step 3

Accept our offer

  • If you qualify, your student loan will be approved and the money will be paid into the relevant account.

Nedbank Student Loan Requirements

To qualify for Nedbank Student Loan you’ll need the following:

  • Your latest exam results.
  • A statement of tuition fees, textbooks, equipment and accommodation.
  • Proof of registration at an institution that the South African Qualifications Authority approves.
  • We will help you open a Nedbank bank account when your loan is approved.

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