Student loans

Eduloan provides education finance to corporate employees, and gives them fixed repayment options over a 6 to 22 months period. A salary deduction can be arranged which will allow for better management of monthly study loan instalments and will ensure that they are paid timeously.

The study loan covers student related necessities including books, accessories, laptops and accommodation, as well as study tuition fees.

Eduloan has a responsible approach to financing people’s education and therefore an affordability test is done for all applications. Permanent employees can apply for a study loan, as long as the instalments do not exceed more than 25% (based on a one year loan) of their monthly gross salary and must earn a minimum of R2 000 before deductions once the instalment has been deducted.

For further details on our student loans, including the benefits of approaching Eduloan, refer to our Student page for more information.