Nedbank Student Loans South Africa 2021-2022. Read the full details below.
We (gbestportal.com) are pleased to notify you about Nedbank Student Loans South Africa 2021-2022.
ABOUT THE NEDBANK LOAN
The Nedbank student loan will cover tuition fees, textbooks, on-campus accommodation and various other study-related equipment.
PAYING BACK THE LOAN
Nedbank offers flexible repayment terms and competitive interest rates on their loans.
Once you start your studies, your sponsor (or yourself if you are a part-time student) will start paying the interest on your student loan.
A repayment grace period may be applicable if students partake in articles/ community service or internship programs upon graduation.
ELIGIBILITY
Applicants must satisfy the following minimum entry criteria before applying:
- South African citizen
- Accepted to study (part-time or full-time) at a recognized tertiary institution
- Surety/ sponsor must have a Nedbank transactional bank account
- Surety/ sponsor must have a good financial standing/ credit record
HOW TO APPLY
Applications must be done at your nearest Nedbank branch. Those who are studying full-time and have a sponsor must apply in person with their sponsor.
You will be required to submit the following supporting documentation with your application:
| DOCUMENT | FULL-TIME STUDENT | PART-TIME STUDENT | SURETY/ SPONSOR |
|---|---|---|---|
| Identify Document (plus a certified copy) | YES | YES | YES |
| Marital status declaration | YES | YES | YES |
| Latest academic record/ Matric results | YES | YES | NO |
| Proof of study expenses (tuition, accommodation, books, etc) – Invoice/ Statement | YES | YES | NO |
| Proof of tertiary registration or acceptance | YES | YES | NO |
| Proof of life insurance cover | YES | YES | NO |
| Proof of residence (FICA) | YES | YES | YES |
| Cohabitation form from Nedbank branch | YES | YES | NO |
| 3 months latest bank statements (non-Nedbank clients only) | NO | YES | YES |
| Latest payslip | NO | YES | YES |
| Income and Expenses statement | NO | YES | YES |
