Student loan

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Get a student loan to finance higher education for you or your children. Choose between a secured or unsecured education loan.

What's included

Benefits of this loan

Finance your studies or that of your children while preserving your savings.
Unsecured education loan - Up to Rs6,000,000 financing with repayment period up to 7 years.
Secured education loan - Competitive interest rates with repayment period up to 30 years.
Settle your loan whenever you wish to. It’s hassle free with no early repayment fee.

What you need to know

Requirements for this loan

Financing as from:
- Rs100,000 with the unsecured loan
- Rs300,000 with the unsecured educational loan
- Rs500,000 with the secured loan
What to bring when you apply

Visit your nearest branch with the following documents
- National identity document, passport or driving licence
- Utility bill not older than 3 months
- Birth or marriage certificate (where applicable)
- Document issued by the education service provider as evidence of the estimated costs of studies
All documents are required in their original form. The list of required documents mentioned above is indicative only. The bank may at any time request additional documents or information to process your application(s).

Need more help?

Call our 24/7 Service Centre:
+230 402 1000

Chat to Abby on WhatsApp:
+230 5919 0001

Download the Absa Banking App today