Standard Bank of SA Ltd

Standard Bank Student Loan

Standard Bank Student Loan

Studying full or part time? Apply online for pre-approval to fund your education. Only start paying the loan amount when you have completed your studies

How it works

  • Tuition and accommodation* are paid to the institution or residence
  • Loans are granted for one year of study at a time
  • You submit your marks and proof of registration on fulfilment of the loan
  • A once-off initiation and monthly service fee are charged on your student loan
  • Courses must be accredited by the Department of Higher Education, SAQA, SETA or Umalusi

Studying Full time

  • You’ll need someone to sign surety on your loan*
  • While you’re studying, your surety pays the monthly interest and service fees
  • You start repaying the loan once you’ve finished studying
  • If it takes you a while to find a job, you can ask for a grace period
  • Grace periods can be extended for articles, internships or community service
  • Your loan can be insured, so that any amount owed can be settled in the event of disability, dread disease or death

Studying Part time

  • You’ll only need someone to sign surety on your loan if you earn less than R 5 000 a month*
  • Monthly repayments are made by debit order while you’re studying
  • There are no early settlement penalties
  • If you quit your studies, the full outstanding amount is due immediately
  • Your loan can be insured, so that any amount owed can be settled in the event of disability, dread disease or death
  • You’ll need to be registered at an accredited tertiary institution for a certificate or an under- or post-graduate diploma or degree.
  • You’ll also need to provide us with your academic results, so we know you passed the previous year.
  • You can apply for immediate provisional approval now through our Youth Applications microsite.

What you need