Standard Bank Student Loan Application for 2025/2026

Standard Bank Student Loan Application for 2025/2026

Financing your education can be a daunting task, but the Standard Bank Student Loan is here to provide the financial support you need. Designed to cover essential study-related expenses, this loan offers flexible repayment terms and competitive interest rates, empowering students to focus on their education without undue financial stress.

About Standard Bank

Standard Bank is one of South Africa’s most prominent financial institutions, with a legacy of trust, innovation, and excellent customer service. The bank offers a comprehensive range of financial solutions, including the Standard Bank Student Loan, which is tailored to help students achieve their academic goals while minimizing financial obstacles.

Why Consider Standard Bank Student Loan

Standard Bank Student Loan Eligibility

To qualify for a Standard Bank Student Loan, applicants must meet the following criteria:

• Only South African citizens can apply
• Standard Bank and non-Standard Bank account holders can apply for full-time and part-time student finance
• Your guarantor/surety does not have to be a Standard Bank* account holder
• If, however, you apply to study overseas, your guarantor/surety must bank with Standard Bank South Africa

Matriculants please note: We  need your final National Senior Certificate results before we can complete your Student Loan application. Until then, simply click on  DO I QUALIFY?  to quickly find out how much funding  you could get towards your studies.

Standard Bank Student Loan Amount Rewarded

The loan amount awarded depends on your educational expenses and the guarantor’s financial standing. Standard Bank Student Loans can cover:

• Registration fees
• Tuition fees:

There is no maximum limit for tuition fees; the amount granted, however, is based on what you’re able to afford

• Accommodation:

Up to R60 000 per year (must have lease agreement)

• Textbooks and study equipment, i.e. laptops, tablets and any other course-related equipment:

Up to R20 000 (with proof of costs)
Up to R6 000 (if no proof of costs) 

• Minimum loan amount

A minimum loan amount of R5 000 is applied regardless of what category you apply for
This means, that if you apply for money to purchase only equipment or textbooks, you must apply for at least R5 000, or if you apply for tuition alone, your tuition costs must be at least R5 000

• The chosen course duration needs to be a minimum of 3 months
• You need to study at, or be accepted into, an accredited institution, i.e. SAQA; SETA; DHE; Umalusi and SACAA approved Flight Schools
• Your student loan can be insured with our Personal Protection Plan, so that your debt could be covered in the event of disability, dread disease or death
• We now fund PPL (Private Pilot’s License). The Institution must be accredited with SACAA (South African Civil Aviation Authority)

Student benefits

• 5% Discount on your Thrive Student Living  accommodation
• 5% Discount when you buy your textbooks from Van Schaick
• Exclusive deals and discounts at various retailers through Varsity Vibe

How are Funds Paid to the Applicant

• Tuition will be paid directly to the institution
• Accommodation fees will be paid directly into the landlord’s account
• Textbooks and equipment will be paid directly into the guarantor/surety’s transactional account or into the account of the student if they are self-assured

Requirements for Standard Bank Student Loan Application

To apply for a Standard Bank Student Loan, you will need:

Full-time students:

• You’ll need someone to co-sign your student loan as guarantor/surety if you’re a full-time student
• Your guarantor/surety is the person responsible for servicing the interest and fees while you study, or if you default on your repayments
• Both you and your guarantor/surety must be present at the branch to sign for your student financing
• There can only be one guarantor/surety on a student loan and your guarantor/surety must earn at least R3 000 per month
• You will be granted a grace period of 6 months after completing your studies before taking over the loan repayments
• Your guarantor/surety, however, will continue to pay the interest and fees until you are able to take full responsibility

Part-time students:

• If you’re a part-time student, you must earn a minimum income of R5 000 per month to qualify
• As a part-time student, you will be required to pay the loan while you study

Standard Bank Student Loan Calculator

The Standard Bank Student Loan Calculator is a valuable tool for planning your loan repayment. By inputting the loan amount, interest rate, and repayment term, you can:

• Calculate estimated monthly repayments.
• Understand the overall cost of the loan.
• Adjust repayment terms to suit your financial situation.

Click here to access the Standard Bank Student Loan Online Calculator

This tool is accessible on Standard Bank’s official website and ensures transparency in financial planning.

How to Apply for Standard Bank Student Loan

Follow these steps to apply for a Standard Bank Student Loan:

• Get an online quote by completing the form after clicking on Do I Qualify?
• Once the online application is pre-approved, do  the following:

Get documents ready
These are the original documents you’ll need to take with you to your nearest Standard Bank branch.

Course-related documents

• Registration letter from Institution. Should client require registration funds, an acceptance letter will be required, however, full funds will only be paid out once registration letter in place.
• Proof of costs for tuition, accommodation and textbooks and/or equipment
• Proof of latest academic results

If you are in matric, we require your final National Senior Certificate results to complete your application.

Personal (FICA) documents

• ID documents (student & guarantor/surety)
• Proof of residence not older than 3 months (student & guarantor/surety)
• 3 months’ payslips (guarantor/surety)
• 3 months’ bank statements for non-Standard Bank clients (guarantor/surety)

Visit nearest branch
A consultant will assist you with the final stage of your application.

Get funds
All payments will be made to the institution and relevant parties.

* To finalise the process, you should visit your nearest branch within 7 days if you applied via “Do I Qualify?”

How to Pay Off Standard Bank Student Loan

Standard Bank provides several repayment options to suit different financial circumstances:

1. Interest-Only Payments: During the study period, you only need to pay the interest on the loan.
2. Full Repayment: After graduation, the principal amount and interest are repaid over the agreed term.
3. Early Repayment: Settle your loan early without penalties to save on interest costs.
4. Debit Orders: Automate payments to avoid missed deadlines.
5. Online Management: Use Standard Bank’s digital platforms to track your loan balance and repayment progress.

A Standard Bank Student Loan is a smart investment in your future. With flexible terms, competitive interest rates, and a commitment to empowering education, Standard Bank is a trusted partner in your academic journey. Take the first step toward achieving your educational aspirations by applying for a Standard Bank Student Loan today