FNB, established in 1838, is the oldest financial institution in South Africa. They offer personal,…
FNB, established in 1838, is the oldest financial institution in South Africa. They offer personal, private, business, commercial and corporate banking. They also offer loans and insurance.
FNB Student Loans cover tuition fees, as well as book and campus accommodation so that you can focus on more important things like modules, exams and assignments while FNB balances the books. FNB Student loans have ideal cover for your financial needs, giving students and parents peace of mind knowing that their child’s school fees are funded for.
FNB allows you to service the interest portion while your child/ the student completes their studies and you can start repaying the interest plus capital after the student graduates. FNB Student Loans all have personalized interest rates. A new application is required each year of study and is subject to credit and affordability assessment.
In order to qualify, the principal debtor must be employed, the student must be registered with a South African Tertiary institution and the principle debtor should be able to afford the monthly repayments and earn a minimum income as stated. You will need copies of the principal debtor and student’s green bar-coded South African ID’s or Smart Cards, Latest pay slip, Proof of residence, Proof of enrollment from the educational institution and if you do not bank with FNB, latest three months bank statements. If you are self employed, they will need the latest six months bank statements and last annual financial statements.