Since its establishment as a private student loan provider, Fundi has assisted an extensive number of families in South Africa to persue their educational aspirations.
The good thing about their loans is that they cover undergraduate studies as well as postgraduate courses and MBAs.
With this loan, you can also fund one or two small courses that may help you advance your career or studies. Fundi student loans will enable you to cover all the expenses related to your studies.
The straight answer to the question is no, Fundi does not offer bursaries, as it only gives out loans to students to help advance their careers.
To qualify for funding from Fundi, you must be:
- A South African resident with your ID and proof of residence.
- Permanently employed or have a parent who is permanently employed and provide proof of income from the employer and your bank statement.
- You must be in good standing in terms of your credit profile, as you will not qualify if you are under credit or debt review. This is so that Fundi can see you are able to repay the loan.
Fundi aims to make loans more accessible and affordable for students. They do not require you to pay collateral and repayments are deducted from your salary or can be paid through debit orders.
If you want to learn more about how fundi loans work CLICK HERE to visit their website.