It is important that you check whether you qualify or not for the student loan before applying. You will easily find out once you have filled in the online quote by completing the form.
In this form, applicants are required to fill in their personal details, qualification-related information, and the amount needed for their studies (tuition fees, accommodation, study equipment/textbooks)
Once the student loan application has been pre-approved, please follow these steps in order to complete the process:
- Get your documents ready - these include course-related documents (acceptance letter, proof of registration of National Senior Certificate final results if you are in matric) and personal (FICA) documents.
- Go to your nearest Standard Bank branch once you have managed to gather all of your documents for a consultant to help you with the final stage of your application.
Applicants are advised to visit a Standard Bank branch within 7 days if they applied via “Do I Qualify?”. After completing the application process, the applicant ought to wait for a response from the bank.
According to Standard Bank, tuition fees and accommodation fees are paid to relevant parties such as the institution of higher learning and the landlord. However, textbooks and equipment are paid directly into the surety’s transactional account or into the account of the student if they are self-assured.
