Apply for the Standard Bank Student Loan Without Surety

Set your dreams in motion with a Standard Bank Student Loan Without Surety.

Standard Bank is offering students an opportunity to get a Student Loan Without Surety – meaning you do not require a guardian or parent to be able to take up this loan. We understand that it may be stressful looking for funding, and that is why you need a bank that backs you.

Minimum Criteria

  • You must be a South African citizen.
  • Your Gross Household Income must be less than R600 000 per annum.
  • 3rd Year students and upwards within Science, Technology, Engineering, Mathematics, Commerce, Health Sciences, and 5th Year students in Medicine.
  • Open to existing Standard Bank Transactional Account holders. You may apply for one using our digital and other banking channels if you don’t have one.
  • Study at one of our participating universities.

How does it work?

  • The loan maximum is R120 000 per annum, which can be used to cover tuition, accommodation, books, and study equipment.
  • There is no expectation of repayment on the loan while you are studying. However, you will be expected to start repaying the loan six months after completing your studies or as soon as you secure employment. Of course, it will be to your advantage to reduce your balance by making some payments while studying.
  • Monthly interest and service fees will be charged from the loan’s inception and will be added to the outstanding balance.
  • This loan can cover your existing university student debt up to R80 000 for each previous year which may be preventing you from completing your studies.

What’s required

Get documents ready
These are the original documents you’ll need to take with you to your nearest Standard Bank branch.

Course-related documents

  • Acceptance letter or proof of registration from the institution
  • Proof of costs for tuition, accommodation, textbooks, and/or equipment
  • Proof of latest academic results

If you are in matric, we require your final National Senior Certificate results to complete your application.

Personal (FICA) documents

  • ID documents (student & surety)
  • Proof of residence not older than 3 months (student & surety)
  • 3 months payslips (surety)
  • 3 months’ bank statements for non-Standard Bank clients (surety)

How to apply

To apply and get more information, you can either visit a Standard Bank branch or call 0860123000.

To apply online click on the button below.

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