Standard Bank student loans
There is a world of exciting possibilities out there. You simply have to grab hold of them. After all, you have the world at your feet - your time is now! Standard Bank student loans can help you.
So, take that first step to becoming the force that is going to shake up the world and get down to your nearest Standard Bank branch to apply for your Student loan.
Let us take care of the cost of your study expenses at a competitive interest rate.
With your student loan you will also receive a Standard Bank transaction account with a debit card. Together we will choose the account that best suits your needs.
You can use the money from your Standard Bank student loan for:
- Accommodation. Loans for accommodation will only be granted to full-time students not living with their parents.
You qualify for preferential rates according to your qualification and year of study.
Repaying my student loan
If you are a full-time student, you will need to start repaying the loan on completion of your studies. However, during your time of study, you will be required to pay the monthly interest. The interest may be charged to your or your surety's bank account.
You will be granted a grace period for capital repayments if you have completed your articles, internship or community service.
If you are a part-time student you will need to repay your loan while you are studying.
Monthly payments must be made by debit order.
You will need to start repaying your loan immediately, if you fail to complete your studies.
Once the loan is in repayment mode the monthly repayments remain unchanged. If you are a part-time student the monthly repayment will change whenever you increase the limit on your loan while studying.
The repayment period of the loan will be affected by one or more of the following:
- Paying more than the minimum monthly installment
- Fluctuations in the interest rate.
Accessing your Standard Bank Student loan account
The money will be paid into your Standard Bank transaction account or your Student loan account.
You need to have your Student loan account linked to your AutoBank card. This allows you to transfer funds between your loan and transaction account at an AutoBank, or through Internet and telephone banking.
Insurance cover for your Student loan
We recommend that you take out a Personal loan protection plan to pay any outstanding balance on your loan in the event of death, dread disease or disability.
What else do you need to know?
We would like to know how you are progressing with your studies so we would like to see your marks and proof of registration or qualifications by 31 March every year. This will enable you to take full advantage of any preferential interest rates you are entitled to.
Student loans are granted for a specific year of study and you will have to re-apply for each year of registration.
Visit your nearest Standard Bank branch or www.standardbank.co.za for more information.
Students who are studying teaching or prospective education students who require funding, this one is for you. The National Student Financial Aid Scheme (NSFAS) could possibly be able to assist you with your funding needs. If not, we have another option too.
Those that excel in business all possess a number of core skills: they’re efficient, decisive and strategic. They’re able to think on their feet and take responsibility for their actions. Excellent communicators too, they find it easy to talk to and relate to just about anyone they meet.
With the Covid-19 pandemic still rampant in 2021, both public and private High Schools have had to adapt their Matric curriculum programme in order to make up for time lost during the epidemic, with some IEB schools having to alter their teaching methods as a result.
Kristal Duncan-Williams from Youth Capital gave some advice for Matrics looking to enter the workforce immediately. Youth unemployment is a major issue in South Africa and greater focus needs to be placed on not only graduates looking for work, but Matriculants as well.
Most popular articles today
Have you been approved for the SASSA COVID-19 grant, but have not yet received your payments? Well, keep reading to find out if you will receive your grant payments.
Other people were also interested in:
With Matric exams looming, desperate learners and students who feel that cheating may be their only shot at passing should reconsider, and not only for ethical reasons, an education expert says. Here's what you should do instead of cheating on your Matric exam.
Over a hundred students at a school in the Gauteng province fall ill after eating tin fish from the schools feeding scheme. Learners were hospitalized and many of them experience other terrible food poisoning symptoms.
Technical Math or Pure Math? Who knows. If you are getting ready to choose your subjects and you have no idea what the difference between pure math and technical math is, we got you covered.