What are the Standard Bank student loan requirements? We have been getting some queries from our readers relating to this. Standard Bank is the biggest bank in South Africa when it comes to market capitalization. In terms of customers, they currently have over 9.2 million. The great thing about Standard Bank is that they offer loans to those studying one thing or the other. But what are the requirements for you to get this loan?
What do you need to get a Standard Bank loan?
The following are the Standard Bank student loan requirements;
- You need to be a South African citizen.
- Both Standard Bank and non-Standard Bank customers can apply.
- Senior Certificate results are required for matriculants.
- You need an acceptance letter from the place where you wish to study.
- Proof of your projected expenses.
- Your latest academic certificates.
- Your South African ID.
- Proof of address. This should not be more than 3 months old.
- Your payslips going back 3 months.
- A bank statement going back 3 months.
Where can you apply?
Those are the Standard Bank student loan requirements. But where can you apply? In order to apply for a student loan, you need to visit your nearest Standard Bank branch. They will assist you in completing the process there.
You need to have a genuine study offer
In this article, we showed you the Standard Bank student loan requirements. One thing to note is that you need to have a genuine study offer before you can apply. You need to have already been accepted by whatever institution you wish to study at.
Once that is done, they will give you documents relating to fees and other expenses. You can then use these documents to apply for a student loan.
Learn more at the Standard Bank call centre number
What will you use your student loan for?
Student loans are a great way through which you can advance your career even if you do not have all the required money in hand. A lot of people have been studying as a way of improving their prospects at their workplaces.
In that case, a loan ensures that you remain on the right track. If you take a student loan you will have friendly terms in which to make your repayments. That’s great in that you won’t have to stress about having to find money in one go to pay back the loan.
Note that these loans are mainly for people who are gainfully employed, or for those who have guardians and others who are willing to act as sureties for them on the loan.
Here are the Standard Bank loan requirements