How Do You Pay Back A Fundi Loan?


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Requesting a student loan is a serious commitment that needs careful consideration. Yes, you are investing in your future or your child’s future, but you should do it wisely. Here’s how you can pay back a Fundi loan.


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To apply for a Fundi student loan you need to fill in an online application. In this form, you will have to enter your name, your e-mail address, your cellphone number and write a short message informing Fundi what type of loan you want to apply for.

After Fundi has processed your information, they will get back to you and you will have to provide them with certain documents for them to decide if they accept your request or not.

But how do their loans work? Their loans are unsecured, that is, you don’t need to provide anything as collateral. After you have been accepted to their loans, your education-related expenses will be paid by Fundi directly to the institutions.

Your repayments may be deducted from your salary or paid through debit orders. This kind of payment arrangement ensures that you have a permanent income where your debit orders will be drawn from.

Fundi expects for repayments to be made every month with interest rates and agreed instalments depending on the amount you have taken out or what you earn.

In order to apply for a Fundi loan, fulfil the below requirements:

  • South African ID
  • Proof of income
  • Proof of address
  • Proof of enrolment

For information about the Fundi loan repayments and applications, CLICK HERE

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Fundi provides education loans to students, these loans can cover the expenses of registration fees and outstanding balances. This is how you can get a quote and apply for a loan. 






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Post-Matric Options

 

We helped you with past papers for your matric exams, so hopefully you are happy with your Matric results. So now you are faced with a lot of post-matric options that can shape your future paths. You might want to study law, teaching, or nursing. Of course studying is expensive so we have helpful advice about student loans, NSFAS bursaries, Fundi loans, ISFAP, and lots of other funding options.

These options range from pursuing higher education at universities , TVET Colleges or  private colleges, finding student accommodation, entering vocational training programs (like Learnerships and internships), joining the workforce, or even starting your own business. There are so many choices but we are here to help.

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