Years go by pretty fast and that adorable baby you had 18 years ago is ready for their next chapter in life – university. As a parent you want the best for your child but unfortunately you haven’t saved up as much as you thought you would. It happens, life happens and there are some things that are completely out of our control.
Life start student loan
FNB understands that all too well, which is why they have a Life Start Student Loan designed to not hurt your pocket. You can apply for a Life Start Student loan from R4 000 and ensure that you don’t worry about your child being excluded from writing exams or not receiving their results. While your child goes away to university, FNB will pay the fees and all you pay every month is a portion of the interest.
You can apply every year that your child is registered at a recognised academic institution. The student’s proof of registration, previous year’s results and copy of ID will be required. The parent or sponsor’s proof of income, copy of ID, bank statement (if you are not an FNB account holder) and proof of residence (if loan exceeds R15 000) will also be required. If you are self employed you will need to submit your latest six months bank statements.
The loan can be repaid after your child has completed his/her studies and because FNB understands that the job market can be tough, they will give a grace period of six months. The student will then repay the loan as well as interest. You can go to your nearest FNB branch to apply, or complete a call me back form online at www.fnb.co.za, or call 0861 404 040 or apply online. The possibilities are endless with FNB’s Life Start Student Loan.