The minimum requirements to apply for a student loan from Nedbank are:
- Have the age of 18 years
- Be a resident citizen of Africa
- Be affiliated with an eligible educational institution
- Positive school performance coefficient
- not be negative
The following documents must be submitted:
- The latest candidate exam results for those already taking a tertiary program
- Official registration letter from a tertiary institution accredited by the South African Qualifications Authority (SAQA)
- An invoice or statement of university fees
- Lease agreement for accredited campus or university accommodation for those seeking housing finance
- Invoice for textbooks and other items such as laptops or calculators
- Proof of address
- Legal and official identification document
Fulfilling the requirements and with the necessary documentation, you can apply for a student loan from Nedbank.
Where to apply for Nedbank student loan?
This loan needs to be carefully analyzed by the bank, so to apply, you must fill out the application form and attach all the requested documentation and send it for analysis, which can be online or at a physical agency.
The bank’s consultants will evaluate your request and if approved, you will receive a letter of proposal for financing that must be accepted for release of the loan. The banking institution itself will transfer your tuition fees to your university.
How to make payment of Nedbank student loan?
Nedbank offers a repayment plan for recent graduates if they plan in order not to let financing be a burden in their new moment.
The total amount of the debt will be analysed, whether you made repayments during graduation, the monetary correction index in the year of completion and other variables that could impact the total amount contracted.
Thus, you program the total installments that fit in your pocket.
The Nedbank Student Loan is one of the best student loans available from a bank in South Africa. Come be part of this team too!
