BOU Forgot Password

By | March 25, 2025

BOU Forgot Password: A Guide for Botswana Users

Introduction

Bank of Botswana (BOU) offers a range of online banking services to its customers, including the ability to access accounts, transfer funds, and pay bills. However, if you have forgotten your password and are unable to login to your account, you may need to reset it.

How to Reset Your BOU Password

If you have forgotten your BOU password, follow these steps to reset it:

Step 1: Visit the BOU Website

Go to the BOU website and click on the “Forgot Password” link on the login page.

Step 2: Verify Your Identity

You will be asked to provide information to verify your identity, such as your account number, a security question, or other personal details.

Step 3: Choose a New Password

Once your identity has been verified, you can choose a new password for your BOU account. Make sure to choose a strong password that is easy for you to remember but difficult for others to guess.

Need Information or Confused about Something ?

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FAQs

  • Can I reset my BOU password online?
  • Yes, you can reset your BOU password online by following the steps outlined above.

  • Is it safe to reset my password online?
  • Yes, resetting your BOU password online is safe as long as you follow the security protocols provided by the bank.

  • How long does it take to reset my BOU password?
  • The time it takes to reset your BOU password may vary, but it is usually a quick and simple process.

  • What should I do if I do not receive a password reset email?
  • If you do not receive a password reset email, check your spam folder and make sure you entered the correct email address.

  • Can I reset my password over the phone?
  • BOU may offer phone support for password resets, so you can contact customer service for assistance.

  • What happens if I enter the wrong password multiple times?
  • If you enter the wrong password multiple times, your account may be temporarily locked for security reasons. In this case, you may need to contact BOU for further assistance.

  • Can I use the same password I have used previously?
  • It is not recommended to reuse old passwords for security reasons. Make sure to create a new, unique password when resetting your BOU password.

  • How often should I change my BOU password?
  • It is recommended to change your BOU password regularly for added security. Consider changing it every few months or if you suspect any security breaches.

  • Can I reset my password from outside Botswana?
  • Yes, you should be able to reset your BOU password from outside Botswana as long as you have access to the internet and can verify your identity.

  • What should I do if I still have trouble resetting my password?
  • If you encounter any difficulties while resetting your BOU password, contact customer support for further assistance.

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Complete Guide to NSFAS Online Loan Application for South African Students (2025)

If you are a South African student looking to pursue higher education but are facing financial difficulties, the National Student Financial Aid Scheme (NSFAS) is one of the most accessible funding options available. NSFAS provides financial aid in the form of bursaries and loans to qualifying students at public universities and TVET colleges in South Africa.

This guide will walk you through everything you need to know about the NSFAS loan application process, from eligibility requirements to application steps and frequently asked questions.


📌 What is NSFAS?

The National Student Financial Aid Scheme (NSFAS) is a government-funded financial aid scheme aimed at helping students from low- and middle-income households to access tertiary education without the burden of upfront fees.

NSFAS offers both bursaries and income-contingent loans:

  • Bursaries: For eligible students who meet academic and household income criteria (especially for TVET and university students).
  • Loans: For students who do not meet all bursary criteria or who are pursuing postgraduate qualifications not funded under bursary schemes.

✅ Who Qualifies for an NSFAS Loan?

To qualify for an NSFAS loan (especially for postgraduate students or programs not funded under the bursary system), you must:

  • Be a South African citizen.
  • Be financially needy, with a household income of less than R350,000 per year.
  • Have a valid South African ID.
  • Be enrolled or accepted to study at a public university or TVET college.
  • Not be funded through another bursary program that covers all expenses.
  • Maintain satisfactory academic progress (returning students).
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📚 Courses Funded by NSFAS

NSFAS primarily funds undergraduate qualifications, but certain postgraduate programs (e.g., PGCE, postgraduate diplomas in education, and professional courses like LLB) may be considered under the NSFAS loan scheme, not bursaries.

If you’re studying:

  • Undergraduate degree or diploma: You are likely eligible for a full NSFAS bursary.
  • Postgraduate study: You may qualify for a loan, depending on the course and funding availability.

📄 Required Documents for NSFAS Application

When applying, make sure you have the following documents scanned and ready:

  1. Certified copy of your South African ID or Smart Card.
  2. Parent(s) or guardian(s) ID documents.
  3. Proof of income (latest payslips, UIF, or affidavit if unemployed).
  4. Consent Form signed by your parent(s)/guardian(s) to allow NSFAS to verify income.
  5. Proof of registration or acceptance at a public institution.
  6. Academic transcripts (for continuing or postgraduate students).

🖥️ How to Apply for an NSFAS Loan Online

Step-by-Step NSFAS Online Application Process (2025)

  1. Visit the NSFAS Website

    Go to: https://www.nsfas.org.za

  2. Create an Account

    • Click on “MyNSFAS” and register your profile.
    • You’ll need a valid email address and South African cellphone number.
    • Choose a strong password and verify your account via email or SMS.
  3. Login and Start the Application

    • After registration, log in to your MyNSFAS account.
    • Click on “Apply” to begin a new application.
  4. Fill in Your Personal Details

    • Input your ID number, name, surname, and other details exactly as they appear on your ID.
    • Provide household income information and living arrangements.
  5. Upload Required Documents

    • Upload all supporting documents in PDF or JPEG format.
    • Each document must be clear and under the size limit specified.
  6. Submit Your Application

    • Review your application for accuracy.
    • Click “Submit” and wait for a confirmation message.
  7. Track Your Application

    • Log in regularly to check your application status.
    • You will be notified via SMS and email at each stage of the process.

🗓️ Important NSFAS Dates (2025)

  • Application Opening Date: September 1, 2025
  • Application Deadline: January 31, 2026
  • Appeals Period: February 2026 (if rejected)
  • Disbursement: After registration and approval

Note: Dates are subject to change; always confirm on the official NSFAS website.


💸 What Does the NSFAS Loan Cover?

NSFAS funding typically includes:

  • Tuition fees
  • Registration fees
  • Accommodation (if living away from home)
  • Meals and transport
  • Learning materials (e.g., textbooks)

For loans, repayment is only required once you start working and earn above a threshold (around R30,000 annually, but subject to change).


🔄 NSFAS Loan Repayment

Repayments are:

  • Income-contingent – you only repay when you can afford to.
  • Administered by DHET (Department of Higher Education and Training).
  • Interest-bearing, but interest rates are low and favorable.

You can also apply for a partial loan conversion to a bursary if you perform well academically.


🔁 How to Appeal a Rejected NSFAS Application

If your application is rejected, you may submit an appeal via your MyNSFAS portal:

  1. Log into your MyNSFAS account.
  2. Click on “Track Funding Progress”.
  3. If rejected, click on “Submit Appeal”.
  4. Upload any missing or corrected documents.
  5. Provide a clear explanation or motivation.

📱 NSFAS Contact Information


📝 Final Tips Before Applying

  • Apply early to avoid system overload near the deadline.
  • Use your own email and cellphone number (do not use someone else’s).
  • Double-check that all your documents are certified and legible.
  • Keep a copy of your submission confirmation for reference.

By following this guide, you can confidently apply for NSFAS funding and move one step closer to achieving your academic and career dreams—without the burden of immediate financial pressure.