Repayment of your NSFAS study loan is only due once you have secured employment. If you received a study loan in 2020 and prior, an interest holiday of 12 months post exit date is applicable to student loan accounts. Send confirmation of employment to email@example.com.
Repayments are based on your annual salary. If you earn R30 000 per year, you will have to pay 3% of your salary. This increase is equal to an additional 1% for every R6 600 you earn above R30 000 per annum. The maximum rate that you will pay is 8% when you earn R59 300 per year.