How Do FNB Student Loan Repayments Work?

Please share this article


If you need funding for your studies, FNB has student loans of up to R300 000 to help fund your studies. It is important to understand how the financial institution’s repayments work.


Advertisement i

The FNB student loan can be used for tuition fees, accommodation, equipment, other study material, and devices needed for the student.

For a 12-month period, you pay only interest and fees and start repaying interest, fees, charges, and capital from the 13th month onwards.

According to the bank, the interest rate ranges from a minimum of 6.75% up to a maximum of 11.47% based on your credit profile.

Loan recipients are able to pay only interest and fees for a 12-month period and then start repaying interest, fees, charges, and capital thereafter.

As life can be very unpredictable, the bank has credit life insurance that is compulsory for its student loans. This insurance covers both the guarantor and student in the event of death, temporary and permanent disability, retrenchment, or inability to earn income. 

FNB permits the debtor to use their own credit life insurance policy. For further details on this student loan, click here.


Suggested Article:

online banking

As a financial institution, FNB provides personal, private, business, commercial and corporate banking services to millions of customers across South Africa. Here is how you can simply register for FNB online banking.

Online Shopping Links

Takealot - Temu - Amazon - Shein


WhatsApp Channel

Sponsored Ad



Google News

Post-Matric Options


After completing your matric certificate exams, you are faced with a lot of post-matric options that can shape your future paths.

These options range from pursuing higher education at universities or colleges, entering vocational training programs, joining the workforce, or even starting your own business. There are so many choices but we are here to help.


Where to Study

Advertisement m

Other Articles

2024 has been dubbed the ‘super election year’. According to Statista, “around half the world’s population lives in the more than 60 countries holding national elections in 2024, and with roughly two billion eligible voters, this is being described as the largest election year in history.”


Latest SASSA articles

Sassa revealed that individuals can submit Sassa grant applications online. Here's everything you need to know about Sassa online grant applications. 

Millions of people living in South Africa are unemployed. These people can apply for the R370 grant in June 2024. 


Careers Advice

Everyone is spending so much time online these days - which has lead to Digital Marketing growing into a big business. Working in Digital Marketing promises a long and profitable career but what exactly does a Digital Marketer do? And how do you get into Digital Marketing?

Advertisement i