ABSA study loans can be used to cover the cost of tuition, textbooks, study equipment and accommodation. Additionally, you will receive a max discount of 15% on your study equipment.
Please note that students must reapply for a student loan each year.
ABSA guarantees that they offer the best interest rates on student loans – if you receive a lower interest rate from another financial institution, they will better it. To find out more, download and read the following documents: How it works (pdf),Terms and Conditions (pdf) and Claim form (pdf).
There are 2 options to paying off the loan:
1) You can choose to pay back the interest as well as the capital as soon as you start studying
2) You can choose to pay back the interest only for 12 months, and the capital and remaining interest after the 12 months.
Applicants must satisfy the following minimum entry criteria before applying:
The best way to apply is by visiting your nearest Absa branch
Alternatively, you can apply at your institution’s student bureau.
You will be required to have the following supporting documentation on hand for your application:
If you have any further questions which were not covered on this page, you can call 0860 100 372 to speak to a friendly Absa consultant.