Bank
Save & Invest
Borrow
Insure
Plan
Learn
Contact us
Get in touch
Find us
Manage your money
Accounts

Bank your way with low fees and extra benefits.
Credit cards

Enjoy 55 days’ interest free credit and other benefits.
Greenbacks

More rewards at every level as you spend and invest.
Digital banking

Bank on any device, from anywhere at anytime.
Switch to Nedbank

Move your salary and debit orders over easily.
Fraud awareness

Protect yourself against the latest schemes and scams.
Forex

For all your travel, international payments, and foreign currency investment needs.

Explore Bank
Grow your money
Accounts

Great interest rates and easy access to your money.
Investment services

Local and international wealth management solutions.

Share trading

All-in-one online trading or broker assistance.
Explore Save & Invest
Achieve your goals
Personal loans

Affordable loans and interest rates from R2k to R300k.
Home loans

Buy or build your home with up to 109% financing to cover bond and transfer costs.
Student loans

Nedbank offers full or part-time loans to students.
Overdrafts

Instant access to credit when you need it.
Vehicle finance

Easily apply for MFC vehicle finance in 5 steps.
Solar finance

Secure an affordable energy solution when in need.
Debt assistance

Debt management support when you need it the most.
Explore Borrow
Protect what you love
Life cover

Secure your family’s future with up to R2million.
Funeral cover

Cover for you and your family in the event of death.
Short term insurance

Car, building, house contents, valuables and more.
Credit Life

Bond, credit card, overdraft, loan and car repayments.
Travel insurance

Global travel insurance with 24-hr emergency assist.
Business cover

We have cover for small, medium or large businesses.
Secure investments

Guaranteed income and growth plans for future income.
Explore Insure
Plan your wealth
Financial planning

Achieve your financial goals with expert planning.
Estate, wills & trust services

We’ll help manage your assets, debts and estate planning.
Nedbank Private Wealth

Banking experience with customised solutions and rates.
Speak to a financial adviser

Our experts are ready to assist when you need them.
Explore Plan
Find guidance
Blog

Let our experts guide you on any financial matter.
Explore Learn
Get in touch
Talk to us

We’re here to answer questions and resolve queries.
Find us

Find your nearest branch, ATM and currency exchange.
Explore Contact us
Back
Bank

Accounts

Bank your way with low fees and extra benefits.

Credit cards

Enjoy 55 days’ interest free credit and other benefits.

Greenbacks

More rewards at every level as you spend and invest.

Digital banking

Bank on any device, from anywhere at anytime.

Switch to Nedbank

Move your salary and debit orders over easily.

Fraud awareness

Protect yourself against the latest schemes and scams.

Forex

For all your travel, international payments, and foreign currency investment needs.
Back
Save & Invest

Accounts

Great interest rates and easy access to your money.

Investment services

Local and international wealth management solutions.

Share trading

All-in-one online trading or broker assistance.
Back
Borrow

Personal loans

Affordable loans and interest rates from R2k to R300k.

Home loans

Buy or build your home with up to 109% financing to cover bond and transfer costs.

Student loans

Nedbank offers full or part-time loans to students.

Overdrafts

Instant access to credit when you need it.

Vehicle finance

Easily apply for MFC vehicle finance in 5 steps.

Solar finance

Secure an affordable energy solution when in need.

Debt assistance

Debt management support when you need it the most.
Back
Insure

Life cover

Secure your family’s future with up to R2million.

Funeral cover

Cover for you and your family in the event of death.

Short term insurance

Car, building, house contents, valuables and more.

Credit Life

Bond, credit card, overdraft, loan and car repayments.

Travel insurance

Global travel insurance with 24-hr emergency assist.

Business cover

We have cover for small, medium or large businesses.

Secure investments

Guaranteed income and growth plans for future income.
Back
Plan

Financial planning

Achieve your financial goals with expert planning.

Estate, wills & trust services

We’ll help manage your assets, debts and estate planning.

Nedbank Private Wealth

Banking experience with customised solutions and rates.

Speak to a financial adviser

Our experts are ready to assist when you need them.
Back
Learn

Blog

Let our experts guide you on any financial matter.
Back
Contact us

Talk to us

We’re here to answer questions and resolve queries.

Find us

Find your nearest branch, ATM and currency exchange.
Back
  • Digital banking
  • Switch to Nedbank
  • Fraud awareness
  • Forex
  • Investment services
  • Share trading
  • Loan consolidation
  • Personal loans
  • Home improvement loan
  • Exclusive short-term loan offers
  • Overdrafts
  • Vehicle finance
  • Solar finance
  • Consolidate all your debts into a simple loan | Nedbank
  • Short-term payment relief | Nedbank
  • Take charge and restructure your finances | Nedbank
  • Assisted-sales solutions for homes and vehicles | Nedbank
  • Flexible payment plans for loans and credit | Nedbank
  • Understanding how repo rate works | Nedbank
  • We have payment solutions to get you back on track
  • Individual R10,000
  • Individual R30,000
  • Family Cover
  • Build your own cover
  • Vehicle insurance
  • Building insurance
  • House contents insurance
  • Valuables insurance
  • Alternative energy insurance
  • Legal expenses | Nedbank Insurance
  • Home loan credit life
  • MFC Vehicle Finance Assurance
  • Overdraft Assurance
  • Balance Protection Plan
  • Personal loan Assurance
  • Travel insurance
  • Business cover
  • Guaranteed Growth Income Plan
  • Guaranteed Growth Plan
  • Investment planning
  • Insurance planning
  • Give
  • Retirement planning
  • Will drafting
  • Ensure your estate is managed by an executor | Nedbank
  • Trust services
  • Financial accounting
  • Tax services
  • Leave the admin of your estate to us, and not to your loved ones | Nedbank
  • Nedbank Private Wealth
  • Speak to a financial adviser
  • A financial adviser can help you plan your future
  • Everything you need to know about student loans
  • Talk to us
  • Find us

Yes and no. Yes, if you want to study part-time, have an income, and can make monthly payments towards your student loan. But if you plan to study full-time and cannot make the repayments yourself, you will need someone who will pay for your loan. That person is called a guarantor. 

You must submit the following:

  • For first-year applications, a matric certificate. If you’re already a student, your previous college or university exam results.
  • Proof of registration at a tertiary institution that is accredited by the South African Qualifications Authority (SAQA).
  • Letter of Acceptance from the institution.
  • An invoice or statement for university fees, textbooks and accommodation (for campus or university-accredited accommodation only). If you need specific study-related equipment, a letter from your tertiary institution to confirm that.
  • A Nedbank Account. We will open an account for you once we have approved your loan application.

We offer variable interest rates based on whether you are applying as a full-time or part-time student.

For full-time students, interest on student loans is linked to your academic performance. If you earn and maintain high grades, we will reward you with lower interest rates. Part-time students will already be making monthly repayments, which will have been fixed in agreement with us during the application.

A great advantage of a student loan is that a much lower interest rate is charged than for a traditional loan. The interest rate on a normal personal loan can range from 10% to 24%, with most towards the higher end of the scale.

Interest on a student loan, by contrast, is prime plus 1% or 2%. Prime is the base interest rate used by all local banks, which they in turn base on the lending rate set by the South African Reserve Bank.

The person who signs as your loan guarantor will pay the interest on your loan every month until you can take over. 

As a practice, student loans are granted for courses geared at NQF level 5 or higher and presented by a SAQA-registered institution.

Your application for a student loan and/or renewal of your student loan must be accompanied by your latest exam results. Contact your college or university to get the relevant documents. If you are applying for a first-year loan, you can get your results by typing "matric results" on https://fundiconnect.co.za/ and follow the instructions.

No. You will get a loan only for studies at institutions that are SAQA-accredited. Fortunately, most large and reputable universities and colleges are indeed registered with SAQA.

The only other requirement when applying for a student loan is that the qualification must be at least NQF level 5, which is a higher certificate. If your preferred course meets these requirements, you can go ahead and apply for a student loan. Before you jump in with your application, first contact the Nedbank Student Loans Team to see if your chosen course qualifies you for a student loan.

No. You must apply only at the beginning of every academic year. We will need to see proof of your academic results from the previous year. 

If you cannot meet the qualifying requirements for a student loan, you are disqualified automatically from applying. Other factors that could affect your application are the following:

  • You can't be in arrears on any other student loan, and you cannot owe money on a grant.
  • You must agree to use your loan funds for educational purposes only.
  • While there's no minimum credit score requirement for student loans, we can turn down your application if your credit history shows you have been an irresponsible borrower.

You can use your student loan to pay for the following study-related expenses:

  • Tuition and fees.
  • Books, supplies and equipment related to your course of study.
  • On-campus accommodation.
  • Off-campus housing provided it’s university-accredited. (No private accommodation)

 

If you are a part-time student, you will start repaying your loan amount and interest at the start of your studies. If you choose to study full-time, your guarantor will need to make monthly repayments only on the interest of the loan. You’ll start repaying both your loan amount and interest only once you’ve completed your studies and have a source of income. 

If you are a part-time student, you will start repaying your loan amount and interest at the start of your studies. If you choose to study full-time, your guarantor will need to make monthly repayments only on the interest of the loan. You’ll start repaying both your loan amount and interest only once you’ve completed your studies and have a source of income. 

There are no age limits. You can apply for a student loan for as long as you qualify to attend a full-time or part-time programme at an accredited institution.