FNB Life Start Student Loan

Overview

First National Bank, popularly known as FNB, is one of the top four South African banks that are doing much to financially assist the public. Worth noting is that the financial firm is allowing students to apply for student loans from R4000 to R80 000. The financial facility has tailor made interest rates thus facilitating students to annually apply as and when they need the bank’s support.

The loan provides that students are meant to conduct new applications every year of study, and the significant fact is that every application made is subject to credit assessment by the bank; this is one of the means used by FNB to rate whether a client qualifies for their loan facility.

What does it offer?
The amount given to a student depends on the kind of study, institution, level of study among other things. But it is vital to note that a Student Loan directly covers his/her tuition fees. The loan only services the interest portion while completing your studies and start repaying interest plus capital after graduation.

How to apply:
Applications for FNB’s Student Loan can be done by visiting www.fnb.co.za/students/life-start-student-loan.html , completing a call me back form, call 0861404040, visit your nearest FNB branch or alternatively use FNB online banking.

What documents are needed when applying?
To qualify for this for the FNB Start Student Loan, students should offer the following: a copy of a student’s green bar-coded South African ID, copy of parent/sponsor green bar-coded South African ID, latest payslip, proof of residence if the loan amount exceeds R15 000, proof of registration from the educational institution, latest three months bank statement if you do not bank with FNB and a latest six months bank statements if you are self employed.
FNB can be contacted on 0861404040 regarding this loan facility.