Bushwise is recognised by most major South African banks including FNB and Standard Bank. South African citizens can apply in-branch for student loans to assist with payment of course fees!
The following banks can help you getting a student loan:
ABSA Student loan
An Absa Study Loan can be used to pay your study fees, textbook bills and related costs. Your parent, guardian or sponsor can open a Study Loan on your behalf. You have to be a South African citizen or a permanent resident to apply. While the student is studying, for the year in which the finance has been taken up the borrower pays only the interest due on the loan. If finance is not taken up for the subsequent year of study, the loan must be paid back from that year onwards. If your course is less than 12 months long, you will need to pay the loan and interest back within the 12 months.
For more information, please call: 08601 00372
Standard Bank Student Loan
With your student loan you will also receive a Standard Bank transaction account with a debit card.
You can use the money from your student loan for fees, books, accommodation (only for full-time students not living with their parents) and equipment. As a full-time student, you start repaying the student loan when you graduate. Before you complete your studies, you will have to pay interest.
Student loans are granted for a specific year of study and you will have to re-apply for each year of registration.
For more information, please call: 0860 123000
FNB Life Start Student Loan
Get a Life Start Student Loan suitable to finance your higher and further education, including books and tuition fees. You parent or sponsor must be permanently or self employed and should be able to afford the monthly repayments. Service only the interest portion while completing your studies and start repaying interest plus capital after graduation. With the FNB loan, you can also withdraw funds from an ATM. In addition, you need to have a green bar-coded South African ID.
For more information, please call: 0861 40 40 40
Nedbank Student Loan
A Nedbank Student Loan will cover costs for tuition fees, accommodation, books, study-related equipment. Benefits of the Nedbank Student Loan: Competitive interest rates and flexible repayment terms during and after completion of studies. Grace periods are available to students who have to complete an initial internship. Repayment periods for full-time students are equal to 1,5 years for every year’s assistance granted. Full-time students will have to be supported by a surety when applying for a student loan. To apply for this loan: you have to be a South African citizen who is in possession of a matric certificate and a green bar-coded identity document. The duration of the course must be at least 12 months.
For more information, please call: 0860 555 111