Absa Student Study Loan

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Absa Student Study loan
Studying, image: pxhere.com
Absa Student Study loan
Studying, image: pxhere.com

Investing in your future is a smart move to make. As they say, education is the key to success, and Absa is here to help you obtain that key. With a study loan, you can be reassured of your secured future when you hard for it. Yes, getting a student loan is one thing, studying hard for it is another. Once you obtain a study loan, you’ll have to put more work to make sure you succeed in your studies, because you wouldn’t want to do bad or fail knowingly that you have borrowed the money, remember that no matter the outcome of your studies, you have to pay it back and so make the means that you back it with a smile.

[ht_message mstyle=”success” title=”” show_icon=”true” id=”” class=”” style=”” ]You can borrow study funds from Absa at the lowest interest rate – your future matters and thus, I 100% approve of this loan to be considered when you are having financial difficulties.[/ht_message]

Your Absa study loan will cover all of your tuition fees, and not only that – with your student loan you can be able to pay for your accommodation and so you can stay nearby your Varsity or College. You will also be able to buy study books for your subjects and career path, and even technical equipment needed for your studies, all to prepare you to do well.

[ht_message mstyle=”info” title=”” show_icon=”” id=”” class=”” style=”” ]You can only pay interest for the year of study – get in touch with Absa to find out more on 0860 100 372.[/ht_message]

Can I apply for the study loan at Absa?

Anyone making a minimum of R3 000 a month can qualify for the loan, and you have to be a South African resident or a permanent resident in South Africa.

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  • In most cases, parents apply for study loans for their kids in their name, you can do as well as a parent, and you will have to provide proof of income.
  • Anyone with proof of income can be your guardian or a sponsor; can apply on a student’s behalf on their name.
  • If you are a part-time student with a full-time job and proof of income, you can qualify for this loan.

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Which intuitions are approved by Absa?

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  • You will have to be studying in any University, University of Technology, Agricultural college, technical vocational education and TVET
  • Private institution registered under SETA (Sector Education and Training Authority) and accredited by SAQA (South African Qualifications Authority)
  • Online courses accredited by the United States Department of Education or UK Government of QAA (Quality Assurance Agency)
  • ATO aviation training, approved by SACAA (SA Civil Aviation Authority)

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You can apply on a yearly basis. Absa will finance you whether you are an undergraduate or a postgraduate – and the course’s duration must exceed two months for the study loan to be approved. A study loan from Absa starts at a minimum amount of R15 000.

Remember, that you will be applying for the loan each year of the study. The loan will cover your one year’s tuition fees and associated costs like books, accommodation, etc.

Just like any other loan, the person applying for the loan will be offered a loan based on their credit profile and affordability.

As a student, a parent, guardian or sponsor applying for a study loan, you are required to include the prescribed study books, tuition fees (registration fees included), accommodation for full-time students and computer equipment required for the studies.

As I’ve said before, investing in your future is very important, and thus you need to step up and make the right decision.

Documents needed for Absa Study Loan

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  • A Smart-Card ID, or the valid SA ID
  • Proof of resident (not older than 3 months)
  • 3 Months bank statement or 3 latest payslips
  • Letter of acceptance from the university/college or proof of registration
  • Tuition costs, accommodation costs, study book costs and any study-related devices costs (The proof of all that is needed)
  • If you are a second-year student, you will be required to produce proof of the first’ year academic records as well as proof of registration for the second year of study.

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Get advice on how you can repay your study loan debt, and furthermore, you can get an Absa Credit Protection Plan to cover your debt in a case of death, disability, retrenchment or any other illness that prevents you from making payments.

How to apply

[ht_message mstyle=”alert” title=”” show_icon=”” id=”” class=”” style=”” ]You can apply at your nearest branch, or visit the Absa Study Loan for Students Page, or you can apply at the Absa Student Bureau, alternatively, you can call 0860 100 372[/ht_message]



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