Does Fundi Fund Online Studies?

Online studying with laptop

Fundi provides education loans to students, they cover a range of expenses to enable students to pursue their studies without experiencing the financial burden while doing so. Continue reading to find out if they fund online studies. 

Fundi is a leading South African Education Finance specialist. They strive to help students achieve their dreams, by covering the costs relating to their tertiary education through education loans.

They finance both private and public tertiary institutions, but do they fund students who are pursuing online studies?

The answer is yes they do. Fundi partners with institutions that offer online learning, all you have to do is check with them if the institution you plan on registering at is accepted by them. 

They finance postgraduate qualifications, executive education programmes and MBAs. Their funding also covers outstanding balances, registration fees, laptops, textbooks, study tools, accommodation, as well as uniforms and stationery.

To qualify for Fundi, you must be:

  • a South African resident (you must provide proof of this with your ID and proof of residence) 
  • permanently employed or have a parent who is permanently employed (you must provide proof of this with a letter from your employer confirming this; your last receipt of salary and your latest bank statements)

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 that you are able to repay the loan that they are providing. 

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.

Click here for how to apply for this loan. 

For more information on Fundi Loan, click here. 

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