Absa Bank Student Loan Application for 2025/2026
Pursuing higher education in today’s fast-paced world can be both rewarding and financially demanding. Absa Bank understands the challenges students face and offers a tailored solution with its Absa Bank Student Loan. Designed to provide financial support for tuition, accommodation, and other study-related expenses, this loan empowers students to focus on their academic journey without worrying about immediate financial constraints.
Whether you’re planning to attend a local university or study abroad, the Absa Bank Student Loan is a reliable partner in helping you achieve your educational aspirations. With competitive interest rates, flexible repayment options, and a seamless application process, this student loan stands out as a practical choice for students and parents alike.
About Absa Bank
Absa Bank is a wholly owned subsidiary of the Absa Group and offer a range of retail, business, wealth management, corporate and investment solutions to customers and clients across South Africa. Their ambition is to sustainably create shared value and play an integral role in their customers’ and clients’ life journey, empowering them to achieve more and to recommend the bank to family, friends and business associates.
Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 15 countries across the African continent, as well as offices in the United Kingdom and the United States.
Read on to discover how the Absa Bank Student Loan can be the key to unlocking your future potential, giving you the financial freedom to pursue your dreams and invest in your education.
Absa Bank Student Loan Eligibility
To qualify for the loan, you must be a South African citizen or person living in South Africa permanently and earn more than R3 000 a month. The loan can be in the name of:
- A parent, who has proof of income
- A sponsor or guardian, who has proof of income
- A part-time student, who is full-time employed and has proof of income
An Absa Study Loan can be taken out by a student studying full-time or part-time at any of the following institutions:
- University, university of technology, agricultural college, technical vocational education and training college (TVET)
- Any private study institution registered at a Sector Education and Training Authority (SETA) and accredited by the South African Qualifications Authority (SAQA)
- Online study courses accredited by the United States Department of Education or the UK Government of Higher Education Quality Assurance Agency (QAA). The borrower is required to be based in South Africa.
- Aviation training from an approved training organisation (ATO) which has been approved by SA Civil Aviation Authority (SACAA).
Absa Bank Student Loan Amount Rewarded
Yes, a study loan can be taken out for each year of study.
- We finance both undergraduate and postgraduate qualifications – the duration of the course must be more than two months
- You can apply for a minimum amount of R15 000
- The study loan will only cover one year’s tuition fees and associated costs. You will need to re-apply the following year if you proceed with your studies
- A study loan is awarded based on each customer’s risk and affordability
- You may include the following with your loan:
- Prescribed text books
- Tuition fees including your registration
- Accommodation (Only full-time students who are not living with family)
- Computer equipment required for your studies
Requirements for Absa Bank Student Loan Application
- A valid South African ID document or Smart card
- Proof of residential address such as a municipal or rates bill
- Your last three months’ payslips or bank statements
- Proof of study in the form of a final letter of acceptance or proof of registration
- Proof of course costs for the year of study (invoices/statements); for
- Tuition fees
- Accommodation for full-time students not living with parents or relatives
- Text books
- Study-related technological devices
- For second and subsequent years of study, proof of the previous years’ academic results to ensure student is permitted to continue studies.
How to Apply for Absa Bank Student Loan?
- You can apply at any Absa branch; or
- Absa Student bureau; or
- Call us on 0860 100 372.
How to pay off Absa Bank Student Loan?
- You can opt to make capital and interest repayments or;
- You can repay interest only for a period of 12 months.
When topping up an existing study loan, you may repay interest only for a further 12 months.
Get a Credit Protection Plan
- Be prepared for the unexpected and have peace of mind knowing that you are covered. The Absa Credit Protection Plan will cover you in the event of death, disability, critical illness, terminal illness or loss of income. Credit life insurance is mandatory for all study loans.