Nedbank commits itself to support tertiary students
Getting the right qualification is key to achieving success in a competitive world, but with tertiary education becoming more and more costly, those dreams of success can seem so far away,” says Nedbank, South Africa’s fourth largest bank, which has shown its commitment to safeguarding the future of students by unveiling a loan facility that caters for tertiary students.
This student loan is subject to every tertiary student who meets the necessary requirements regardless of level of study. But the amount of money and interest rate allocated for fulltime, party time and undergraduate students differs.
Nedbank’s loyalty towards education comes at a time when many South African students at tertiary level are struggling to pay for their studies at many local colleges and universities. The loan facility according to Nedbank, gives prospective students and parents peace of mind and a sense and financial security knowing that funds are available for further studies.”
According to Nedbank’s website, the student loan will cover costs for:
- Tuition fees
- Study-related equipment
To qualify for this financial facility, the client should be recognized by a tertiary institution. The student and the surety have to submit an application form accompanied by the following documents at the nearest Nedbank branch:
- Green bar identity document
- Metric results/last academic results
- Proof of earning or latest payslip
- Proof of current residential address
- Three months bank statements (non-Nedbank clients)
- Income and expenditure statement
- Invoice/statement of fees owed
- Invoice of other study related costs
- Cohabitation form obtained from a branch
- Marriage certificate, antenuptial contract or divorce decree (if relevant)
- Insurance cover in case of death or disability (can be arranged through Nedbank or
As a fulltime student, successful applicants will qualify for a Dezign Student Account. This is a form of account that allows a student access to a transactional account in a convenient and cost-effective manner. Nedbank says, with this product, you can also support a cause that is important to you with our affinity options, at no additional cost to you.”
Some of the benefits of this product include a competitive interest, grace period for students who have internships and competitive Nedbank credit life cover for death or disability.
For more information about this product, visit the Nedbank website or call 0860 555 111.