Student loan calculator

How much would you like to borrow?

R

This field is required and the value should be a number.

Interest Rate This field is required and the value should be a number.

The interest rate of a loan will vary based on your credit score and risk profile.

Repayment Term

Day / Months / Years months years

Calculate

This student loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

They help you finance education with their flexibe student loans

To apply for a loan you must provide a copy of your ID, your latest academic results, proof of income via bank statements or payslips, an income and expense statement, an invoice from your chosen university or college for study and/or accommodation fees and proof of acceptance from the chose educational institute.

You can apply at any Nedbank branch near you but keep in mind, if you are a full-time student, you will need to be supported by a guarantor who has his/her main transactional bank account with them (if he/she doesn't have an account with them, they can open one quickly).

If you need financial assistance for more than one year of study, a new application for every year is required. Each new application should be accompanied by proof to show that you have been permitted to continue with your studies. This can be shown by providing them with your academic results for the previous year.

Making your repayments

Part-time students will be required to make both capital and interest repayments while they're studying, while full-time students can have their guarantor assist them with their interest repayments during their studies. They will only need to start repaying the principal loan amount after completing their studies.

How they evaluate your application

They are a bank that believes in the individuality of their customers. Hence, when you submit an application to them, they make sure to assess you fairly and responsibly. Every application goes through a credit and affordability assessment in order to help them determine if they can help you with a loan or two, and how much they can help you with.

They are dedicated to excellent customer service

At Nedbank, they are dedicated to customer service excellence and will always do their best to ensure that you have all of your questions and worries addressed.

If you need more information about their student funding options and processes you can contact them via email or telephone or visit a branch to speak to a consultant.