FNB Student Loan is a quick and easy method to get up to date with your student related payments. The need for cash can be overwhelming when you are waiting to be employed full time. No need to stress.
About FNB student loans
FNB Student Loan has helped lot get through their studies in time. Education is the best assets and investment one can make, it does sound like a cliché but it is true. All top earning jobs are occupied by highly educated people. These were once students struggling with making it through in university. Books are expensive; studying equipment is not for free, things like laptops, instruments (if you are architect student). The cost of learning should not discourage you into getting a job and settling there.
Services – FNB loans
FNB Student Loan is designed to take care of higher learning financial needs. Loans start from R4 000 and can reach R80 000 for each year. The interest rate is personalized. You also get credit life insurance. The cash loan will meet your immediate needs as a student. This is what it covers: tuition fees, textbooks, study material, equipment and accommodation. The loan is accessible through a parent or principal debtor. The life of a student can be made very easy when they know they can study without having the burden of being cut off from the institution due to unpaid installment. This can affect the performance and lead to semester failure. Think of the money wasted and more money needed to patch up the failed subject. It can end up costing more than when a student has no strain of finances. You can make your studies go further with this loan. It is not restricted to just one student.
Benefits of FNB student loans
- Easy to access loans.
- Study loans secure the future of your children.
- The cash covers all student related cash needs.
- Interest rates are affordable and flexible.
FNB student loan Application
To meet the criteria you have to be employed full time. You age must be 18 years and older. The student must be registered with a learning institution and SA tertiary. Monthly salary of the principal must be R6 000 and more. Documentation is needed to complete the student loan application.
- South African green-bar coded ID or Smart Card ID
- Your most recent pay slip
- Proof of residence not older than 3 months
- 3 months bank statements (or 6 months bank statements for self-employed customers)
- Proof of enrollment from the educational institution / Proof of registration
The applications will go through for assessment and credit affordability. Once the application is successful, the cash loan will be transferred to the account, which will be used to cover all student related cash transactions. Credit life insurance cover is compulsory, this covers the principle debtor and student in the case of death, disability or unemployment. Another option is to have your own life cover insurance that will cover you with the same cover. The loan will ease any pressure of learning from the student.
FNB student loan Contact
For more information visit FNB website or call. Alternatively you can visit any branch nearest to you.
Phone Number: 0861 40 40 40