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Get an Absa Study Loan, an Opportunity to Cover your Complete Study Experience
Cover your complete study experience
Finance your full tertiary experience from the tuition fees, accommodation, study books and technical equipment you need for your studies.
Pay interest only for the year of study
Pay interest only for the 12 months and only start repaying from month 13.
Who can apply
To qualify for the loan, you must be a South African citizen or person living in South Africa permanently and earn more than R3 000 a month. The loan can be in the name of:
- A parent, who has proof of income
- A sponsor or guardian, who has proof of income
- A part-time student, who is full-time employed and has proof of income
An Absa Study Loan can be taken out by a student studying full-time or part-time at any of the following institutions:
- University, university of technology, agricultural college, technical vocational education and training college (TVET)
- Any private study institution registered at a Sector Education and Training Authority (SETA) and accredited by the South African Qualifications Authority (SAQA)
- Online study courses accredited by the United States Department of Education or the UK Government of Higher Education Quality Assurance Agency (QAA). The borrower is required to be based in South Africa.
- Aviation training from an approved training organisation (ATO) which has been approved by SA Civil Aviation Authority (SACAA).
What you need to apply?
- A valid South African ID document or Smart card
- Proof of residential address such as a municipal or rates bill
- Your last three months’ payslips or bank statements
- Proof of study in the form of a final letter of acceptance or proof of registration
- Proof of course costs for the year of study (invoices/statements); for
- Tuition fees
- Accommodation for full-time students not living with parents or relatives
- Text books
- Study-related technological devices
- For second and subsequent years of study, proof of the previous years’ academic results to ensure student is permitted to continue studies.
Visit the official website to apply for the loan
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