Your complete guide to education funding
Invest in your future or your child's education with our flexible study loans.
Education is the most powerful investment you can make. Our education loans are designed to remove financial barriers and make quality education accessible. Whether you're pursuing a degree, diploma, or professional certification, we provide funding for tuition, accommodation, textbooks, and living expenses. With competitive rates and a moratorium period that lets you focus on your studies, we're committed to your academic success.
loan overview
Our education loans range from R10,000 to R500,000, covering the full spectrum of study-related costs. We understand that students typically don't have income while studying, which is why we offer a moratorium period—you only pay interest during your studies (or nothing at all if you choose capitalized interest), and full repayment begins after you graduate and secure employment. This "study now, pay later" approach ensures that financial pressure doesn't compromise your academic performance.
We fund studies at all registered public and private higher education institutions in South Africa, including universities, universities of technology, and accredited private colleges. Postgraduate studies, professional qualifications (like CA, CIMA, or LLB), and even short-term skills development courses may qualify. Funds can be paid directly to the institution or to you for living expenses, depending on your needs.
key features & benefits
moratorium options explained
Interest-only moratorium: Pay only the monthly interest during your studies. Keeps the loan from growing while you're not earning.
Full moratorium (capitalized interest): Pay nothing during studies. Interest is added to the loan balance. Ideal if you have no income at all.
Partial payment: Make reduced payments that suit your part-time work income.
We help you choose the right option based on your circumstances.
what we cover
Tuition fees: Full or partial course fees paid directly to institution.
Accommodation: University residences, private student housing, or digs.
Textbooks & equipment: Laptops, prescribed books, study materials.
Living expenses: Monthly stipend for food, transport, and personal needs.
International study: Limited funding for recognized overseas programs.
how to apply (step by step)
1. prepare your documents
You'll need: certified ID copy, proof of acceptance/registration from institution, fee structure breakdown, your latest academic results, and proof of income for guarantor (if applicable).
2. online application
Complete our 10-minute application form. Provide course details, study duration, and the amount you need. Indicate your preferred moratorium option.
3. assessment & approval
We assess your application within 48 hours. We consider your academic potential, course relevance, and repayment prospects. A guarantor (parent/relative) may strengthen your application.
4. offer acceptance
Review and sign the loan agreement digitally. All terms, interest rates, and repayment start date will be clearly explained.
5. disbursement
Funds are paid directly to your institution (for fees) or to your bank account (for living costs). Annual renewals are simple—just send updated registration proof.
6. focus on your studies
During your moratorium period, we'll check in annually. After graduation, we'll work with you to finalize a repayment plan that matches your new income.
eligibility criteria
- South African citizen or permanent resident
- 18 years or older (under 18 requires a guarantor over 21)
- Accepted or registered at a recognized South African tertiary institution
- Course duration minimum 6 months (full-time or part-time)
- Satisfactory academic progress (for continuing students)
- Guarantor may be required for students without income
interest rates & fees
| Loan amount | Interest rate (variable) | Initiation fee | Monthly service fee |
|---|---|---|---|
| R10,000 – R50,000 | Prime + 5% | R500 | R45 |
| R50,001 – R200,000 | Prime + 4% | R1,000 | R55 |
| R200,001 – R500,000 | Prime + 2% to Prime + 3% | R1,500 | R65 |
Rates are reviewed annually. A guarantor with good credit may qualify for lower rates.
example scenarios
undergraduate student
Student: Thabo, first-year engineering at Wits.
Annual cost: R85,000 (tuition R60,000 + residence R25,000)
Loan: R255,000 for 3 years (disbursed annually)
Moratorium: Full moratorium (interest capitalized)
Rate: Prime + 3% (currently 12%)
After graduation: Repay over 8 years, R4,200/month
Outcome: Thabo graduated with honours, employed as an engineer, comfortably repaying his loan.
postgraduate professional
Student: Lerato, CA articles candidate, part-time CIMA.
Course cost: R45,000 for 18 months
Loan: R50,000 (includes exam fees and study materials)
Moratorium: Interest-only during studies (R500/month)
Rate: Prime + 2% (11%)
After studies: Repay over 3 years, R1,600/month
Outcome: Completed qualification, salary increased 40%, loan repaid early.
frequently asked questions
can I get a loan for any field of study?
We fund most accredited qualifications. Priority is given to fields with good employment prospects, but we consider all applications individually.
what if I change courses or drop out?
If you change courses, we can usually adjust. If you drop out, the moratorium ends and repayment begins. We'll work with you on a plan.
do I need a guarantor?
For students without income or credit history, a guarantor (parent/guardian) is strongly recommended. It can also help secure a lower rate.
can I apply for multiple years at once?
Yes, we can approve a multi-year loan with annual disbursements based on continued registration and academic progress.
what if I want to study part-time while working?
Part-time students are welcome. You may not need a moratorium since you have income. We'll tailor repayment to your cash flow.
is there a penalty for paying early?
No penalties. You can pay extra or settle the loan early at any time without fees.
tips for a successful application
- Apply early: At least 2-3 months before fees are due.
- Strong guarantor: A guarantor with good credit improves your chances.
- Complete documentation: Ensure all forms are signed and certified.
- Academic record: Good grades show commitment and improve approval odds.
- Career prospects: Highlight the employment potential of your qualification.