Nedbank Student Loan Application for 2025/2026 : Intra-Colleges

Nedbank Student Loan Application for 2025/2026

Pursuing higher education often comes with financial challenges, but a Nedbank Student Loan can help bridge the gap. Designed to support students and their families, Nedbank offers tailored solutions to make education more accessible and affordable. With competitive interest rates and flexible repayment options, Nedbank ensures that financial barriers don’t hinder your academic aspirations.

About Nedbank

Nedbank is one of South Africa’s leading financial institutions, renowned for its commitment to innovation, customer service, and social responsibility. With a wide range of banking and financial products, Nedbank aims to empower individuals and businesses alike. The Nedbank Student Loan is a testament to the bank’s dedication to investing in education and the future of the nation’s youth.

Why you should Consider Nedbank Student Loan

Nedbank loans are suitable for both full-time and part-time students.
Pay while you study or settle your loan when you are done.
Enjoy preferential interest rates that are linked to your academic performance.
For your added financial security you can take out credit life insurance on your student loan.

Nedbank Student Loan Eligibility

To qualify for a Nedbank Student Loan, you need to meet the following eligibility criteria:

Yours and your guarantor’s valid South African ID card or document.
A valid passport of either of you if you are not South African citizens.
The guarantor’s latest payslip or 3 months’ stamped bank statements.
A Nedbank transactional account belonging to your guarantor as their main account. If they or you don’t bank with us, we’ll help you open one.

Nedbank Student Loan Amount Rewarded

The amount awarded depends on your specific educational needs. Nedbank Student Loans can cover:

Tuition fees.
Accommodation costs (if studying away from home).
Textbooks and other study materials.

The loan amount is determined based on the cost of attendance, as certified by your institution, and the guarantor’s ability to repay.

Requirements for Nedbank Student Loan Application

To apply for a Nedbank Student Loan, you’ll need the following:

Yours and your guarantor’s valid South African ID card or document.
A valid passport of either of you if you are not South African citizens.
The guarantor’s latest payslip or 3 months’ stamped bank statements.
A Nedbank transactional account belonging to your guarantor as their main account. If they or you don’t bank with us, we’ll help you open one.

Nedbank Student Loan Calculator

The Nedbank Student Loan Calculator is an excellent tool to help you estimate your loan repayment obligations. By entering the loan amount, interest rate, and repayment term, you can:

How is the monthly interest calculated?

Nedbank offer variable interest rates based on whether you are applying as a full-time or part-time student.

For full-time students, interest on student loans is linked to your academic performance. If you earn and maintain high grades, we will reward you with lower interest rates. Part-time students will already be making monthly repayments, which will have been fixed in agreement with us during the application.

A great advantage of a student loan is that a much lower interest rate is charged than for a traditional loan. The interest rate on a normal personal loan can range from 10% to 24%, with most towards the higher end of the scale.

Interest on a student loan, by contrast, is prime plus 1% or 2%. Prime is the base interest rate used by all local banks, which they in turn base on the lending rate set by the South African Reserve Bank.

This tool is available on Nedbank’s official website, offering transparency and aiding financial planning.

How to Apply for Nedbank Student Loan

Follow these steps to apply for a Nedbank Student Loan:

Apply for your loan: Download the loan application form, fill it out and send it back or take it with you to your nearest branch.

Submit it for review: Nedbank assessors will review your application along with all the relevant documents as soon as you have submitted them.

Accept our offer: If you qualify, your student loan will be approved and the money will be paid into the relevant account.

Click Here to download Nedbank Student Loan Application Form

How to Pay Off Nedbank Student Loan

Nedbank offers flexible repayment options to ease financial stress:

Log in with your Nedbank ID, app PIN or fingerprint.
Swipe to Loans.
Go to Student loan to choose your account.
Go to Features > Get settlement quote > Settle loan.
Tap Pay now to settle your loan, or tap Cash deposit or EFT for more options.

You can settle your loan online only if you have a linked cheque, savings or credit card account, and all settlement conditions have been met.

Log in to Online Banking with your Nedbank ID.
Go to Loans.
Go to Student loan to choose your account.
Go to View more balances > Settle loan.
Follow the instructions to continue with your payment.

Note: If you are a full-time student or still busy with your internship or articles, your guarantor will need to pay only the monthly interest on your loan. You can then start repaying your loan amount once you have completed your studies. For part-time students, repayments are made up of the loaned amount and its monthly interest from the start.

Answers to Some Common Questions you may have About Nedbank Student Loan

Can I apply for a student loan without someone standing in for me (guarantor)?

Yes and no. Yes, if you want to study part-time, have an income, and can make monthly payments towards your student loan. But if you plan to study full-time and cannot make the repayments yourself, you will need someone who will pay for your loan. That person is called a guarantor.

What documents do I need to submit for my Nedbank student loan application?

You must submit the following:

For first-year applications, a matric certificate. If you’re already a student, your previous college or university exam results.
Proof of registration at a tertiary institution that is accredited by the South African Qualifications Authority (SAQA).
Letter of Acceptance from the institution.
An invoice or statement for university fees, textbooks and accommodation (for campus or university-accredited accommodation only). If you need specific study-related equipment, a letter from your tertiary institution to confirm that.
A Nedbank Account. We will open an account for you once we have approved your loan application.

What if I don’t find a job after I have become qualified and cannot pay my loan?

The person who signs as your loan guarantor will pay the interest on your loan every month until you can take over.

Can I apply for a loan if I am not studying towards a degree?

As a practice, student loans are granted for courses geared at NQF level 5 or higher and presented by a SAQA-registered institution.

What if I don’t have my latest exam results?

Your application for a student loan and/or renewal of your student loan must be accompanied by your latest exam results. Contact your college or university to get the relevant documents. If you are applying for a first-year loan, you can get your results by typing “matric results” on https://fundiconnect.co.za/ and follow the instructions.

Can I apply for a student loan if the tertiary institution is not accredited?

No. You will get a loan only for studies at institutions that are SAQA-accredited. Fortunately, most large and reputable universities and colleges are indeed registered with SAQA.

The only other requirement when applying for a student loan is that the qualification must be at least NQF level 5, which is a higher certificate. If your preferred course meets these requirements, you can go ahead and apply for a student loan. Before you jump in with your application, first contact the Nedbank Student Loans Team to see if your chosen course qualifies you for a student loan.

Do I need to apply for a student loan every semester?

No. You must apply only at the beginning of every academic year. We will need to see proof of your academic results from the previous year.

What would prevent me from getting a Nedbank student loan?

If you cannot meet the qualifying requirements for a student loan, you are disqualified automatically from applying. Other factors that could affect your application are the following:

You can’t be in arrears on any other student loan, and you cannot owe money on a grant.
You must agree to use your loan funds for educational purposes only.
While there’s no minimum credit score requirement for student loans, we can turn down your application if your credit history shows you have been an irresponsible borrower.

What will a student loan help me pay for?

You can use your student loan to pay for the following study-related expenses:

Tuition and fees.
Books, supplies and equipment related to your course of study.
On-campus accommodation.
Off-campus housing provided it’s university-accredited. (No private accommodation)

When do repayments begin?

If you are a part-time student, you will start repaying your loan amount and interest at the start of your studies. If you choose to study full-time, your guarantor will need to make monthly repayments only on the interest of the loan. You’ll start repaying both your loan amount and interest only once you’ve completed your studies and have a source of income.

How do I find the best Nedbank student loan repayment option?

What are the age limits for Nedbank student loan?

There are no age limits. You can apply for a student loan for as long as you qualify to attend a full-time or part-time programme at an accredited institution.

Contact Nedbank for more information on their student loan on: 0860 555 111

A Nedbank Student Loan is more than just financial assistance—it’s an investment in your future. With flexible terms, competitive rates, and a trusted banking partner, Nedbank empowers students to focus on their studies without worrying about financial constraints. Take the first step toward achieving your educational goals by applying for a Nedbank Student Loan today.

Nedbank Student Loan Application for 2025/2026