NSFAS: How is the interest calculated on my loan?

The current interest rate for this financial year is 4.2%. NSFAS financial year runs from April 01 to March 31, the following year.

A debtor’s status as studying or not studying is determined by the date of exit as captured in the system. The NSFAS interest rate is pegged at 80% of the repo rate and fluctuates in line with changes to the repo rate.