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.
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.
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.
Which intuitions are approved by Absa?
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
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
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