Are you about to finish your studies or have you just begun and you require financial assistance to help pay for your studies well a Standard Bank Student Loan can help you get financing for your studies.
With a Standard Bank Student Loan, the minimum loan amount is R5000, the maximum amount for accommodation is R60 000, for textbooks and other study equipment it’s R20 000 and the is no maximum amount for tuition fee.
Requirements for Standard Bank Student Loan
To qualify for a Standard Bank Student Loan you must meet the following requirements
- Must be a South African citizen
- 18 years or older
- Must be a parent, guardian or family member
- Earning at least R3000 per month
- Students applying must be studying part-time and be employed earning R5000 per month.
- Must be accepted or studying at an institution that’s SAQA, Umalusi, SETA or Aviation School approved by SACAA
Documents Required When Applying
These documents are important when applying for the Standard Bank Student Loan.
- South African ID card or document
- Proof of income: recent payslip and 3 months bank statement
- Proof of residence: Water or Electricity bill
- Letter of acceptance from the school you will be studying at
- Grade 12 National Senior Certificate or recent academic results
- Valid proof of costs (registration, accommodation, tuition and study equipment)
How To Apply for a Standard Bank Student Loan
You can start your loan application online on the Standard Bank website and see if you qualify and how much you qualify for, and if your loan application gets approved you can go to the nearest Standard Bank branch with the original documents mentioned above to conclude your application.
If your loan application gets approved the money will paid to the school and the relevant parties and the only money that will be paid to your bank account will be for study equipment.
Contact Details
You can get in touch with Standard Bank regarding their Student Loan using the following information
- Phone: 0860 123 000
- Email: information@standardbank.co.za
For more loan products you can click here
