By | March 20, 2018

Bursaries 2018

There is a world of exciting possibilities out there. You simply have to grab hold of them. After all, you have the world at your feet – your time is now!
So, take that first step to becoming the force that is going to shake up the world and apply for your Student loan.
Let us take care of the cost of your study expenses at a competitive interest rate.
With your student loan you will also receive a Standard Bank transaction account with a debit card. Together we will choose the account that best suits your needs.

You can use the money from your student loan for:

  • Fees
  • Books
  • Equipment
  • Accommodation. Loans for accommodation will only be granted to full-time students not living with their parents.

Interest rate

You qualify for preferential rates according to your qualification and year of study.

Repaying my student loan

If you are a full-time student, you will need to start repaying the loan on completion of your studies. However, during your time of study, you will be required to pay the monthly interest. The interest may be charged to you or your surety’s bank account. You will be granted a grace period for capital repayments if you have completed your articles, internship or community service.
If you are a part-time student you will need to repay your loan while you are studying.
Monthly payments must be made by debit order.
You will need to start repaying your loan immediately, if you fail to complete your studies.
Please note repayment amounts will be discussed with you once you apply.
Once the loan is in repayment mode the monthly repayments remain unchanged. If you are a part-time student the monthly repayment will change whenever you increase the limit on your loan while studying.

The repayment period of the loan will be affected by one or more of the following:

  • Paying more than the minimum monthly instalment
  • Fluctuations in the interest rate

Accessing your Student loan account

The money will be paid into your Standard Bank transaction account or your Student loan account.
You need to have your Student loan account linked to your AutoBank card. This allows you to transfer funds between your loan and transaction account at an AutoBank, or through Internet and telephone banking.

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