What is a study loan?

Not sure how you're going to pay for your studies? We'll help you finance your tuition, textbooks, accommodation and study equipment fees.

Study loan
Our study loan offers you the best interest rates

If you take out an Absa Study Loan and you’re offered a lower interest rate elsewhere, we’ll beat it. Terms and conditions apply.

How it works

Terms and conditions

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Study loan
You get a discount on study equipment

When you apply for an Absa Study Loan we offer you a discount of up to 15% on study-related equipment you may need.

Study loan
Your accommodation costs are covered

We'll cover the costs for either residence fees or private accommodation with an Absa Study Loan.

Manage my debt
Manage my debt

Let us help during these tough economic times, instead of rushing to apply for more credit to pay off your debt.

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Need an account for everyday use during your studies?

With a Student Silver Account your money goes further while you study. It gives you reduced banking fees, unlimited electronic transactions for a low fixed monthly fee and access to your money 24/7 via the internet, your cellphone or telephone.

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Everything you need to know about a study loan

  • Who can apply for a study loan?

    An Absa Study Loan can be taken out by a student studying full-time or part-time at any of the following institutions:

    • University, university of technology, agricultural college, technical vocational education training college (TVET)
    • Any private study institution registered at a Sector Education and Training Authority (SETA) and accredited by  the South African Qualifications Authority (SAQA).
  • Can I borrow year by year?

    Yes, a  study loan is taken out for each respective year of study.

  • How do I pay it off?

    • You may opt to make capital and interest repayments as soon as your application for a study loan is approved.
    • You may repay interest only for a period of 12 months, thereafter repayments will include capital and interest.
    • When topping up an existing study loan, you may repay interest only for a further 12 months.
  • Credit Protection

    Our Credit Protection Plan can protect both student and/or sponsors against burden in case of permanent disability, dread disease or death.

How do I apply?

What do I need to apply?
  • Student or sponsor needs to earn a monthly income of minimum R3 000 per month
  • Student or sponsor is approved based on their affordability and risk profile
  • Proof of income from the person undertaking the study loan
  • Proof of study in the form of a final letter of acceptance or proof of registration from a Sector Education and Training Authority (SETA) and South African Qualifications Authority (SAQA) approved institution
  • Proof of course costs for the year of study.
Applying at a branch

Visit your nearest Absa branch with the following:

  • Proof of income from the person undertaking the study loan
  • Proof of study in the form of a final letter of acceptance or proof of registration from the institution
  • Proof of course costs for the year of study.

Find a branch

Applying at an student bureau

Visit your educational institution’s student bureau with the following documents:

  • Proof of income from the person undertaking the study loan
  • Proof of study in the form of a final letter of acceptance or proof of registration from the institution
  • Proof of course costs for the year of study.

Find your institution’s student bureau

Need more help?

Let one of our consultants help you get the best loan for your needs.

Visit your nearest branch