What Do Capitec Student Loans Cover

Sunday, 3 April, 2022 - 10:04

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Capitec Bank is one of a handful of banks in South Africa that offer students a tertiary funding alternative in the form of a repayable loan. Like many of the other bank loan options available, Capitec student loans cover more than just tuition costs.

Capitec Bank’s student loan option is set up slightly differently from that of other banks. They have adopted a Credit-for-Education system which functions over an extended term. The loan differentiates itself from others, offering up to R250 000 loan cover over 84 months at a discounted rate.

Thus, the loan is built for repayment over extended periods, making the instalments much more affordable for the student. Once the student has met the necessary requirements, which can be accessed here, to qualify for the loan option, they can expect the following to be covered:

Tuition Costs
Accomodation
Learning material
Related learning equipment

Each rate at which the loan is covered is dependent on the partner institution that the student plans to pursue their studies at. For more information, including how to apply for the loan through the different partner institutions, click here.

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Student Loans

Student Achiever Account

Monthly Fee - R9.99

Age range - 16 to 24 years old

Monthly Income - Not required

How To Apply For A Student Bursary

Many students do not realise how much university actually costs aside from the learning material, transport costs, accommodation and living expenses. A bursary is a monetary reward from an institution to a student based on their academic performances and personal circumstances.

Is NSFAS A Bursary Or Loan?

When applying to tertiary institutions, there is always a concern about how you will pay the tuition. This is when you may come across NSFAS. To find out whether it is a bursary or loan, keep on reading.

This Is What Your NSFAS Application Status Means

If you’re not sure what your NSFAS application status means and need more information, we can help you.

Understanding what you’re reading when you’re checking your NSFAS application status is of utmost importance. Here’s what your NSFAS application status means.

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