Standard Bank South Africa Student Loan 2024/2025 | Eligibility/Requirements, Standard Bank South Africa Student Loan Application form 2024/2025 and How to Apply.
If you are searching for information about Standard Bank South Africa Student Loan 2024/2025, Standard Bank South Africa Student Loan Application form 2024/2025, Standard Bank South Africa Student Loan Online Application 2024/2025, Standard Bank South Africa Student Loan Requirements/Eligibility, How to apply for Standard Bank South Africa Student Loan 2024/2025, Standard Bank South Africa Student Loan Opening Dates 2024 & Standard Bank South Africa Closing Date/Deadline 2024, then you are welcome to this page. On this page, you will find answers to what you are searching for and how to Apply for Standard Bank South Africa Student Loan 2024/2025.
About Standard Bank South Africa
Standard Bank Group Limited is a major South African bank and financial services group. It is Africa’s biggest lender by assets. The company’s corporate headquarters, Standard Bank Centre, is situated in Simmonds Street, Johannesburg.
Standard Bank South Africa Student Loan
- Registration fees
- Tuition fees:
There is no maximum limit for tuition fees; the amount granted, however, is based on what you’re able to afford
- Accommodation:
Up to R60 000 per year (must have lease agreement)
- Textbooks and study equipment, i.e. laptops, tablets and any other course-related equipment:
Up to R20 000 (with proof of costs)
Up to R6 000 (if no proof of costs)
- Minimum loan amount
A minimum loan amount of R5 000 is applied regardless of what category you apply for
This means, that if you apply for money to purchase only equipment or textbooks, you must apply for at least R5 000, or if you apply for tuition alone, your tuition costs must be at least R5 000
- The chosen course duration needs to be a minimum of 3 months
- You need to study at, or be accepted into, an accredited institution, i.e. SAQA; SETA; DHE; Umalusi and SACAA approved Flight Schools
- Your student loan can be insured with our Personal Protection Plan so that your debt could be covered in the event of disability, dread disease or death
- We now fund PPL (Private Pilot’s License). The Institution must be accredited with SACAA (South African Civil Aviation Authority)
- Free access to the Microsoft Digital Literacy course
HOW ARE FUNDS PAID
- Tuition will be paid directly to the institution
- Accommodation fees will be paid directly into the landlord’s account
- Textbooks and equipment will be paid directly into the surety’s transactional account or into the account of the student if they are self-assured
WHO CAN APPLY
- Only South African citizens can apply
- Standard Bank and non-Standard Bank account holders can apply for full-time and part-time student finance
- Your surety does not have to be a Standard Bank* account holder
- If, however, you apply to study overseas, your surety must bank with Standard Bank South Africa
Matriculants please note: We need your final National Senior Certificate results before we can complete your Student Loan application. Until then, simply click on DO I QUALIFY? to quickly find out how much funding you could get towards your studies.
WHAT IT COSTS
Full-time students:
- You’ll need someone to co-sign your student loan as surety if you’re a full-time student
- Your surety is the person responsible for servicing the interest and fees while you study, or if you default on your repayments
- Both you and your surety must be present at the branch to sign for your student financing
- There can only be one surety on a student loan and your surety must earn at least R3 000 per month
- You will be granted a grace period of 6 months after completing your studies before taking over the loan repayments
- Your surety, however, will continue to pay the interest and fees until you are able to take full responsibility
How to Apply
- Get an online quote by completing the form after clicking on Do I Qualify?
- Once the online application is pre-approved, do the following:
Get documents ready
These are the original documents you’ll need to take with you to your nearest Standard Bank branch.
Course-related documents
- Acceptance letter or proof of registration from the institution
- Proof of costs for tuition, accommodation and textbooks, and/or equipment
- Proof of latest academic results
If you are in matric, we require your final National Senior Certificate results to complete your application.
Personal (FICA) documents
- ID documents (student & surety)
- Proof of residence not older than 3 months (student & surety)
- 3 months’ payslips (surety)
- 3 months’ bank statements for non-Standard Bank clients (surety)
Visit the nearest branch
A consultant will assist you with the final stage of your application.
Get funds
All payments will be made to the institution and relevant parties.
* To finalize the process, you should visit your nearest branch within 7 days if you applied via “Do I Qualify?”
If you are unable to apply at the moment, please, bookmark this page and check back and we will be glad to bring you update when the student loan application form is out.