Student loans

Your study loan is tailor-made to your affordability criteria, ensuring you never feel the pressures of being overburdened.  Registration fees, outstanding balances and other additional costs associated with your studies are covered by our study loans - all you have to worry about is achieving your educational goals.

Whether you are looking to increase your salary through improved qualifications, qualify for a better job position or just for personal enrichment, Eduloan will be your partner on your education journey.

At Eduloan, there are fixed monthly instalments for your student loan, which allows you to budget more effectively. There are no hidden fees and the payment periods are flexible according to your specific needs. 

Anyone can apply for an education loan on your behalf, as long as they are in fulltime employment and provided that the Eduloan monthly instalments does not exceed 25% (based on a one year loan) of your sponsor's monthly basic salary.

You don’t need to put down a deposit and we pay the amount you owe for your studies directly to the institution and then deduct the instalments from your salary or bank account each month, which means no admin for you.

Finally, you can choose to pay your loan off over 6 to 22 months.

Some Great Benefits:

• You do not have to put down a deposit for any aspect of your educational loan.
• Payments include registration fees and outstanding fees.
• Fixed monthly instalments let you budget more effectively.
• We pay directly to the institution so there’s no admin for you.
• We are open and transparent which means that there no hidden costs.
• If you require, anyone can apply on your behalf (e.g. family or friends), as long as they are in full-time employment.
• You can also apply for a loan for books and accessories, including laptops.
• If the borrower of the loan passes away, Eduloan will write off the remainder of your balance, provided you supply us with a copy of the death certificate or a letter from the company in cases of retrenchment.
• There is no cutoff period for study loans! That’s right, we’re open 365 days a year.
• Approval is quick once we have received all your documentation.

How To Apply

In addition to the completed application form you must also submit the following:

• You or your sponsor’s latest original salary advice (or a certified copy thereof).
• A certified copy of your identification document.
• A study fee quotation from the institution you will be studying at (this is not required if you are applying for a book loan).
• Your latest month's bank statement to prove you are an account holder and in permanent employment (or 3 month's personal and business bank statements, if you are self-employed.
• Please keep a copy of your completed application form in a safe place for your future reference.

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