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Standard Bank is one of the best banks to get a student loan from in South Africa. Below we provide details on how to get the loan, documents required and amount awarded:
How the loan works
What you need to know
- No Repayments while you study
- Competitive interest rate
- No Surety required (You don’t need an income to qualify)
- Historical debt is covered
*Remember you are not expected to make repayments while you are studying.
What you need to have to qualify
Qualifying criteria
- You need to be a full-time student
- You need to be a SA resident
- You need to be studying at a participating university
- Your course must be on the list of approved cources as per the participating universities
- Annual household gross income must be less that R600 000
The student loan without surety is now available to customers who have a transactional account with Standard Bank
The following documents will be needed
- South African Identity document
- Proof of residence (not older than 3 months)
- Proof of household gross income
- Proof of latest academic results
- University registration letter
- Proof of cost for books and educational equipment if over R6000 (if funding is required)
- Lease Agreement reflecting cost of accommodation or Statement of university residence cost (if funding is required)
- Statement of university Tuition
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