How to apply for a student loan at the bank

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Students loans offer the option to pay for your studies if you perhaps can’t afford to do so. They can cover anything from tuition, book, accommodation to even allowance for food and transport.

If you’re considering this option and would like to approach the bank, here’s a list of options from the big four local banks.



  • Be over 18 years of age
  • Principal debtor must earn R6 000+ per month
  • The student must be registered with an SA tertiary institution

What you need to apply:

  • A copy of the applicant’s SA green bar-coded ID or Smart Card ID
  • Latest payslip
  • Proof of residence not older than three months
  • Proof of enrolment from the educational institution
  • If you do not bank with FNB, your latest three months bank stamped statements reflecting three months salary deposits.
  • If you are self-employed, the latest six months bank stamped statements, Personal Tax assessment (ITA34) and your latest business financials.

How to apply:


What you need to apply

  • A valid South African ID document or Smart card
  • Proof of residential address such as a municipal or rates bill
  • Your last three months’ payslips or bank statements
  • Proof that student or sponsor earns a minimum of R3 000 a month
  • Student or sponsor’s approval based on affordability and risk profile
  • Proof of income from the person taking out the study loan
  • Proof of study in the form of a final letter of acceptance or proof of registration from a Sector Education and Training Authority (SETA) and South African Qualifications Authority (SAQA) approved institution
  • Proof of course costs for the year of study (invoices/statements); for
    • Tuition fees
    • Accommodation for full-time students not living with parents or relatives
    • Text books
    • Study-related technological devices
  • For second and subsequent years of study, proof of the previous years’ academic results to ensure student is permitted to continue studies.

Where to apply

  • You can apply at any Absa branch 
  • Student bureau
  • Call Absa on 0860 100 372

Standard Bank


To apply for a Student Loan you need to be registered at an accredited tertiary institution and be studying towards:

  • a certificate;
  • a diploma;
  • a degree; or
  • a postgraduate degree or diploma

In order to be considered for a Student Loan, you need to provide academic results showing that you have passed your previous year of study. Outstanding fees owing to your academic institution cannot be financed by a student loan therefore you must apply before starting your course.

Income Criteria

  • Degree and Diploma: Your surety (parent/guardian/sponsor) should earn a minimum income of R3 000 per month.
  • Other Courses: Your surety should earn a minimum of R5000 per month.
  • Part Time students who earn R5000 or more do not require a surety.

How to apply

Ensure that you have your 2017 final academic results before applying for a student loan to finance your 2018 academic year. You can apply online at

You will need to have someone who is acceptable to us to sign as surety, if you are a:

  • full-time student ;
  • part-time student earning an income of less than R5 000 a month; or
  • a minor (under the age of 18 years)

You will need:

  • Three Months bank statement
  • Latest Payslip
  • ID
  • Proof of costs (tuition, accommodation, books and equipment)
  • Proof of residence
  • Proof of registration or acceptance letter
  • Latest academic results


What you need:

  • South African ID (or valid passport is a non-resident)
  • Matric results/Last academic results
  • Proof of earnings or latest payslip (parent/guardian)
  • Proof of current residential address (FICA)
  • Three months’ bank statements (non-Nedbank clients)
  • Income and expenditure statement
  • Invoice/Statement of fees owed from tertiary institution
  • Invoice of other study-related costs (if applicable)
  • Cohabitation form obtained from a branch (FICA)
  • Proof of life insurance cover in case of death or disability (can be arranged through Nedbank or clients can provide their own)
  • Marital status declaration
  • Proof of registration

How to apply

To apply for a Nedbank Student Loan, the student and guarantor(if any) must bring the relevant to their nearest Nedbank branch.

Anyone with sound financial standing may stand as guarantor. The guarantor will be responsible for interest repayments during the course of the studies.

Fulltime students must be supported by a guarantor when applying for the Nedbank Student Loan.

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