Nedbank student loan, cash for university education

Nedbank student loan, cash for university education

Tertiary education has been recognised as a major driver of economic competitiveness in an increasingly knowledge driven global economy and this has made high quality tertiary education more important than ever before in both industrialised and developing economies.The determining factor however in achieving this quality is affordability. In order to assist in making sure more funds are available for tertiary education in South Africa, Nedbank introduced student loans.

Nedbank student loans have been designed to assist prospective students and parents peace of mind and some sense of financial security. This loan facility assists in meeting financial commitments towards tuition fees, accommodation, books and study related equipment.

Some of the features accompanying this loan include a once off administration fee, a monthly debit order to pay back the interest on the loan amount borrowed and reapplication for each year of study because the loan is only granted for a specific year of study.

By taking up this loan, some of the benefits to be accrued include competitive interest rates and flexible repayment terms during and after completion of studies, grace periods for students who have to complete internships, community service or articles to qualify in the field of study as well as competitive Nedbank credit life cover for death or disability.

To access the Nedbank student loan, Nedbank can be contacted on 0860555111.

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