What is Eduloan?

What is Eduloan?

When it comes to taking out a study loan, Eduloan is one of the most well-known and trusted names in the business. Eduloan is a leading financial services provider operates in South Africa and provides student loans to thousands of individuals. There are different loan products available and you can also make use of their payment calculator to calculate how much you will play and how long it will take you to repay your study loan.

A History

Eduloan started in 1996 and has to date provided study loans to more than 800,000 individuals. Their study loans or affordable and they are the leading choice when it comes to taking out a student loan. The offer study loans to students, where they want to go to school, university or college. They also offer loans to help you to cover outstanding balance and registration fees as well as pay for all your study related items like textbooks, laptops and other study equipment.

You can also take a study loan to help pay for your accommodation during your studies. There are various benefits to these lengths, including:

  • Eduloan partners with key education providers ensuring super-affordable monthly repayments and low interest rates
  • Eduloan conveniently pays study fees directly to the institution
  • No hidden costs allowing you to budget effectively
  • No lengthy repayment period – when you’re done studying, you’re done paying
  • An automatic salary deduction option is available through our Bursary and Fund management solutions
  • You only need 4 documents to apply for one of our educational loans and we will get back to you within 48-72 hours

You can view online examples to see what your loan will cost, but as an example, if you borrow an amount of R5,000, your monthly instalment will be R538,58. If you borrow R10,000 your monthly instalment will be R1,005.07. These loans will be payable over a period of 12 months

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