As South Africa’s leading education finance and education organisation, EduLoan strives to enrich your entire education journey.
Your study loan is made to your affordability criteria and covers registration fees, outstanding study fees and all other additional costs.
You don’t have to put down a deposit. EduLoan makes the entire process easier for you by paying the amount your owe for your studies directly to the institution and deducting instalments from your salary or bank account each month.
Repayments can be made within a 6 to 24 month period and you have the benefit of fixed monthly instalments.
When you apply, EduLoan will do an affordability assessment. If you fulfil all requirements, you may qualify.
Your study loan is tailor-made to your affordability criteria, ensuring you never feel the pressures of being overburdened. Registration fees, outstanding balances and other additional costs associated with your studies are covered by our study loans – all you have to worry about is achieving your educational goals.
Whether you are looking to increase your salary through improved qualifications, qualify for a better job position or just for personal enrichment, Eduloan will be your partner on your education journey.
At Eduloan, there are fixed monthly installments for your student loan, which allows you to budget more effectively. There are no hidden fees and the payment periods are flexible according to your specific needs. Anyone can apply for an education loan on your behalf, as long as they are in fulltime employment and provided that the Eduloan monthly installments does not exceed 25% (based on a one year loan) of your sponsor’s monthly basic salary.
You don’t need to put down a deposit and we pay the amount you owe for your studies directly to the institution and then deduct the installments from your salary or bank account each month, which means no admin for you.
Finally, you get repayment periods of 6 to 22 months.
Some Great Benefits:
- Affordable interest rates from as little as Prime + 1%, at selected leading educational institutions countrywide
- You do not have to put down a deposit for educational loan.
- Fixed monthly installments allowing you to budget more effectively.
- Payments include registration fees and outstanding fees.
- We pay directly to the institution so there’s no admin for you.
- No hidden costs.
- If you require, anyone can apply on your behalf (e.g. family or friends), as long as they are in full-time employment.
- You can also apply for a loan for books and educational tools, including laptops.
- If the borrower of the loan passes away, Eduloan will write off the remainder of your balance, provided you supply us with a copy of the death certificate or a letter from the company in cases of retrenchment.
- There is no cut-off period for study loans! That’s right; we’re open 365 days a year.
- Approval is quick once we have received all your documentation.