Student Loan without surety (Standard Bank)

August 12, 2024 By: Alfred0 comments

Are you a student eligible for funding, and you don’t have surety? If you’re studying at one of our pilot institutions, you can apply for a Student Loan Without Surety today. The best part is that you only start repaying the loan once you’ve completed your studies.

Some of the benefits :

• No surety required
• You don’t need surety we’ve got you backed
• No repayments while you study
• You will only be required to start repaying after you graduate or employment is secured
• Competitive interest rate
• Finance your studies at an affordable interest rate from 11.75% *T&Cs apply
• Historical student debt is covered
• This loan covers your existing university student debt that may be preventing you from completing your studies *T&Cs apply

How it works

• You don’t need a surety or any income to qualify
• The money can be used to pay for tuition, accommodation, books and educational neccesities such as a laptop, books, etc
• The money for tuition will be deposited directly in to the university’s account with the your details as reference
• Monthly interest and service fees apply and will be added to your outstanding balance
• Competitive interest rate applies
• The loan may be used to pay your existing outstanding fees linked to your current course and university
• There is no pressure to start repaying the loan before you complete your studies
• You have an option of settling your loan account earlier than the prescribed term with no penalties
• You only start repaying the loan after 6 months of having completed your studies (whichever happens first)
• You have flexible repayment options based on your affordability

Student benefits

• Get 5% off on your student accommodation with Thrive Student Living  
• 5% Discount at Van Schaick  for your study material and textbooks
• Take advantage of exclusive deals through Varsity Vibe 
   

Qualifying criteria

• You need to be a SA citizen
• You need to be studying at a participating university
• Your course must be on the list of approved courses as per the participating university for the pilot
• Annual household gross income must be less than R 600 000
• You need to have a Standard Bank transactional account.  Don’t have one? Open a MyMo account today

Student loan without surety FAQS

How to get it

• DOCUMENTS REQUIRED

• South African Identity document
• Proof of residence (not older than 3 months)
• Proof of household gross income
• Proof of latest academic results
• University registration letter
• Proof of cost for books and educational equipment if over R6000 (if funding is required)
• Lease Agreement reflecting cost of accommodation (if funding is required)
• Statement of university tuition or residence cost (if funding is required)

Apply Now