How Nedbank Student Loan Repayments Works

If you will be taking a Nedbank student loan, it is important to know that there are two different ways in which you can choose to repay the loan.

How Nedbank Student Loan Repayments Works

One’s repayment plan depends on whether you are studying full-time or part-time.

According to Nedbank, the full-time student’s guarantor (the person who guarantees that the loan will be repaid) only pays for the monthly interest.

Repayments for the actual loan amount and its interest are actioned once the qualification has been completed. The term “full-time student” applies to students who are still busy with internships or articles.

On the hand, part-time students need to pay the monthly interest and capital from the start of their studies.

Otherwise, this student loan covers both full-time and part-time studies.

To apply, you have the following options:

  1. Complete the call-back form with your details and download the application form. To complete your application over the phone, Nedbank will contact you to finish this process.
  2. Visit any Nedbank branch with all your documents.

For further details on this student loan, click here.

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