Education is a fundamental right for everyone and key to the future of any community or country.The impact of investment in education is profound because education helps people work better and can create opportunities for sustainable and viable economic growth now and into the future. It is for this reason that South Africa’s premier banking institution Nedbank has dedicated itself to providing finance for education through student loans.
The Nedbank student loans are offered to full and part-time students at approved tertiary institutions. Those planning on undertaking postgraduate studies abroad also qualify for this loan. Nedbank also considers loans submitted on students behalf by the employer who may act as guarantor or service the interest on the loan.
This loan covers the cost of tuition, residence books and special equipment. While studying as a full-time student, the student or the guarantor only service interest payment. Students qualify for reduced banking charges and other concessions for young people. Before money is paid out, there must be proof of registration and costs involved. The capital value of your loan must be secured by a life policy ceded to the bank. However you the student have a choice in this regard as to whether or not to cede your own policy or make use of Nedbank”s group cover.
To access this student loan, Nedbank can be contacted on 0860555111.