Student Loan Capitec
Pursuing higher education qualifications is not always affordable. Luckily, students in need of some financial assistance can turn to Capitec Bank to fund their studies.
Capitec student loans are offered for students at institutions like:
- Universities
- Online courses
- Technical Vocational Education and Training (TVET) colleges
- Accredited private colleges and higher education institutions
Capitec offers an educational loan of up to R500 000 to pay for tuition and educational expenses at any recognised South African institution. You will have up to 84 months to pay with an interest rate from prime.
Qualifying Requirements For Capitec Student Loans:
In order to apply for a student loan with Capitec Bank, you will need to meet the following requirements:
- Grade 12 certificate
- Registered to study at a recognised South African institution
- 18 years old or older
Meeting the above listed criteria allows for a higher chance of your loan application getting approved.
How To Apply For A Capitec Student Loan:
Students can apply for loans directly on the website of their chosen university's campus. To determine whether they qualify, the student will need to complete a four-step online form. Once they have qualified, a Capitec consultant will get in contact with the student. Keep in mind that this process could take up to 48 hours.
Students can also look out for a QR code, which can be scanned and will begin the application process. This QR code can be found in-store at the partner campuses.
Once a student has applied and been approved, the funds will be available and transferred to their institutions' bank accounts.
This service is limited to online applications only; students will not be able to apply in-person at a Capitec branch.
During the application process, documents to have on hand include:
- A standard invoice or quote from the partnered institution, not older than 30 days.
- A valid South African ID document/smart ID card (must be 18 years or older)
- No proof of residential address is needed; but you may be asked to provide supporting documents to complete the application
For more information and to apply, check out Capitec's website.
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