What Is Needed For A Fundi Student Loan Application?

The Fundi student loan option has been a saving grace for students who have lucked out on options for tertiary school funding. However, there are still a few necessities that a student will have to produce with their loan application to be considered for funding.
 

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Fundi has been said to be the leading Education Finance Specialist in South Africa, being central to funding relations on a tertiary institutional level in the country. One of the services that they provide includes offering student loans for students to be able to pursue their tertiary education.

All Fundi loans are created with the individual student’s circumstances in mind. The loan package will be compiled around the student’s individual tuition costs, their chosen repayment methods, interest on repayment, among other things. These considerations are typically based on the loan recipient’s income and their capability for repaying the loan.

With all this in mind, there are a number of things that the loan recipient will need to provide for this loan package to be compiled, and they include the following:

  • The student or guardian/guarantor will need to have a stable job
  • Student or guarantor will need a good credit score
  • Student will need to provide a certified copy of their South African ID
  • A letter of employment will be required by the employed party
  • The last salary slip for the employed party will be required 
  • 3 months’ bank statements will need to be provided by the employed individual

Apart from these necessities, it is important to note that there may be other information that the student may be requested to provide during application.

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