Student loan
An FNB Student Loan offers you the help you need
Reach your potential while enjoying the benefits of a personalised interest rate and an interest-only repayment, for a 12-month period.
Reach your potential while enjoying the benefits of a personalised interest rate and an interest-only repayment, for a 12-month period.
An FNB Student Loan can be used for tuition fees, accommodation, equipment, other study material and devices. Apply anywhere and at any time conveniently and easily on the FNB App.
Get a tailored interest rate and up to R360 000 to help fund your studies.
Pay only interest and fees for a 12 month period and then start repaying interest, fees, charges and capital thereafter.
We make sure you are covered with our credit insurance.
You may apply for additional funds on an annual basis if you are studying over more than one year.
All the banking tools you need to manage your finances - zero monthly fees and a personalised card delivered to you.
Get a personalised FNBy Next bank card
Pay on the go with FNB Virtual Card and link it to FNB Pay, Apple Pay, Samsung Pay or other digital wallets
Entertainer 2-for-1 specials - FNB will cover the sign up costs so you can enjoy the benefits of restaurants, beauty salons, health and fitness and so much more
Easy banking via the FNB App
Save, travel and educate
The person who applies for the loan must meet the requirements below. This person is called the principal debtor. In most instances, the principal debtor is the parent or sponsor applying for funds to be used for the student's tuition, accommodation etc.
Credit life insurance is compulsory for the student loan. Our Customer Protection Plan covers the principal debtor and student in the event of death, temporary and permanent disability. Alternatively, you may provide a suitable credit life insurance policy if you wish to use your own.
Personalised interest rate from a minimum of 6.75% (prime less 0.5%) and maximum of 11.47% (prime plus 4.5%) based on your credit/risk profile.
Pricing at the current prime rate
Keep your personal loan up to date and automatically get a well-deserved payment break every January. You can decide not to take a payment break and to pay your monthly instalment, thereby settling your personal loan quicker and save on interest fees.
*Only applicable to personal loan accounts on repayment terms of over 6 months and up to date with monthly repayments.
For additional information about Take-A-Break, refer to your signed Loan Credit Agreement under General Terms & Conditions.