How Funds are Paid<\/strong><\/h2>\n

\n
• Tuition will be paid directly to the institution<\/li>\n
• Accommodation fees will be paid directly into the landlord\u2019s account<\/li>\n
• Textbooks and equipment will be paid directly into the surety\u2019s transactional account or into the account of the student if they are self-assured<\/li>\n<\/ul>\n

  Cost of Applying to Get a <\/strong>Standard Bank Student Loan<\/strong><\/h2>\n

  Full-time students:<\/strong><\/p>\n

  \n
  • You\u2019ll need someone to co-sign your student loan as surety if you\u2019re a full-time student<\/li>\n
  • Your surety is the person responsible for servicing the interest and fees while you study, or if you default on your repayments<\/li>\n
  • Both you and your surety must be present at the branch to sign for your student financing<\/li>\n
  • There can only be one surety on a student loan and your surety must earn at least R3 000 per month<\/li>\n
  • You will be granted a grace period of 6 months after completing your studies before taking over the loan repayments<\/li>\n
  • Your surety, however, will continue to pay the interest and fees until you are able to take full responsibility<\/li>\n<\/ul>\n

    Part-time students:<\/strong><\/p>\n

    \n
    • \n
      \n
      • If you\u2019re a part-time student, you must earn a minimum income of R5 000 per month to qualify<\/li>\n
      • As a part-time student, you will be required to pay the loan while you study<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

        Who Can Apply For <\/strong>Standard Bank Student Loan<\/strong><\/h2>\n

        \n
        • Only South African citizens can apply<\/li>\n
        • Standard Bank and non-Standard Bank account holders can apply for full-time and part-time student finance<\/li>\n
        • Your surety does not have to be a Standard Bank* account holder<\/li>\n
        • If, however, you apply to study overseas, your surety must bank with Standard Bank South Africa<\/li>\n<\/ul>\n

          Matriculants please note:\u00a0<\/b>We need your final National Senior Certificate results before we can complete your Student Loan application. Until then, simply click on\u00a0 DO I QUALIFY?\u00a0\u00a0<\/strong>to quickly find out how much funding you could get towards your studies.<\/p>\n

          You can apply for a minimum loan amount of R5 000. The maximum loan amount is based on affordability and the ability to repay the loan.<\/p>\n

          Our monthly service fee is R69 and our once-off initiation fee ranges from R649.75 up to a maximum of R1 207.50 (VAT inclusive).<\/p>\n

          If you are a full-time student while studying, your surety will be required to pay interest and fees only.<\/p>\n

          Our loan repayment term ranges from a minimum of 12 months to a maximum of 120 months.<\/p>\n

          Our interest rates are personalised ranging from a minimum of 10,75%* (prime interest rate) to a maximum of 16,75%*<\/p>\n

          Some examples:<\/strong><\/p>\n

          Full-time student (who is still studying):<\/strong> The estimated repayment for a R50 000 loan at an interest rate of 10,75%* per annum will be *R577,73 per month.<\/p>\n

          Full-time student (who is working):<\/strong> The estimated repayment for a R50 000 loan at an interest rate of 10,75 %* per annum over 72 months will be *R1 014 per month.<\/p>\n

          Part-time student:<\/strong> The estimated repayment for a R50 000 loan at an interest rate of 10,75%* over 44 months would be * R1 484,32 per month.<\/p>\n

          How to Get Standard Bank Student Loan<\/strong><\/h2>\n

          Get an online quote by completing the form after clicking on Do I Qualify?<\/p>\n

          Once the online application is pre-approved, do the following:<\/p>\n

          Get documents ready<\/strong><\/p>\n

          These are the original documents you\u2019ll need to take with you to your nearest Standard Bank branch.<\/p>\n

          Course-related documents<\/strong><\/p>\n

          \n
          • Registration letter from Institution. Should client require registration funds, an acceptance letter will be required, however, full funds will only be paid out once registration letter in place.<\/li>\n
          • Proof of costs for tuition, accommodation and textbooks and\/or equipment<\/li>\n
          • Proof of latest academic results<\/li>\n<\/ul>\n

            If you are in matric, we require your final National Senior Certificate results to complete your application.<\/p>\n

            Personal (FICA) documents<\/strong><\/p>\n

            \n
            • ID documents (student & surety)<\/li>\n
            • Proof of residence not older than 3 months (student & surety)<\/li>\n
            • 3 months\u2019 payslips (surety)<\/li>\n
            • 3 months\u2019 bank statements for non-Standard Bank clients (surety)<\/li>\n<\/ul>\n

              Visit nearest branch<\/strong>
              \nA consultant will assist you with the final stage of your application.<\/p>\n

              Get funds<\/strong>
              \nAll payments will be made to the institution and relevant parties.<\/p>\n

              * To finalise the process, you should visit your nearest branch within 7 days if you applied via \u201cDo I Qualify?\u201d<\/p>\n

              Standard Bank Contact Details for Student Loans<\/strong><\/h2>\n

              Customer care line<\/strong><\/p>\n

              Operating hours are:<\/strong><\/p>\n

              \n
              • Monday-Friday: 8:00 to 21:00<\/li>\n
              • Sat-Sun & Public Holidays:\u00a0 8:00 to 16:00<\/li>\n<\/ul>\n

                South Africa:<\/strong>\u00a00860 123 000<\/p>\n

                International:<\/strong>\u00a0010 249 0423<\/p>\n

                Email:<\/strong> information@standardbank.co.za<\/p>\n

                SHARE THIS POST WITH OTHERS USING THE SHARED BUTTONS BELOW.<\/strong><\/p>\n

                 <\/p>\n

                 <\/p>\n

                <\/div>

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