Are you in need a student loan? If your answer is yes than apply for a FNB Life Start student loan today and get the education you need. You can apply for a student loan of R4 000 up to R 80 000 with personalised interest rates. FNB Life Start student loan will let you concentrate on your studies whilst FNB manages your finances.
A Life Start student loan gives you a six month grace period after graduation to start repaying the capital. This loan allows you to service only the interest portion you complete your studies and you start repaying interest plus capital after graduation.
A new application is required each year for study and is subject to a credit and affordability assessment. It is strongly recommended you keep finance low to avoid the risk of not being able to source finance of the studies.
To qualify for the FNB Life Start student loan your parent or sponsor must be permanently employed and should have worked for the same employer for a reasonable period of time. Your parent or sponsor must also earn a minimum amount of R6 000 and must afford the monthly repayments.
Credit life insurance is compulsory. You can choose the FNB Life Customer Protection or provide your own credit life insurance.
Documents Required To Apply for FNB Life Start Student Loan
- Student’s SA ID
- Parent / sponsor’s SA ID
- Latest payslip
- Proof of residence
- Principle debtor must earn at least R6 000 per month
- Proof of registration for student
- 3 months bank statements if you do not bank with FNB
When you are doing your studies the last thing you want is to also worry about how you will pay tuition fees. Studying alone is stressful enough so reduces you worries by allowing FNB to manage your finances by applying for a FNB Life Start student loan today.
FNB Life Start Student Loan Contact Details
You can apply for this loan by visiting your nearest FNB branch or you can call them on 0861 40 40 40 or visit their website www.fnb.co.za and apply online or fill the call me back form for them to call you back.