Eduloan Online Application

Eduloan aims to unlock potential through its commitment to making education both affordable and accessible to all individuals looking to further their education. Eduloan realises the real costs of education and how stressful paying for this can be.  Their study loans are affordable and have very low interest rates.  

Since inception in 1996, Eduloan has awarded over 720 000 study loans to the value of more than R3.7 billion. These loans are useful for covering course fees, textbooks, registration fees and technology costs (such as laptops, tablets and other study equipment.)

The application process:

Students looking to further their studies can simply log onto www.myeduloan.co.za and complete an application form. They will also need to provide a certified copy of a South African I.D. and a quotation from an educational institution, with their name, student number, study program and the amount due for payment. A recent payslip of their sponsor will need to accompany documentation, along with the sponsor’s bank statement for the last 3 months. If the sponsor is self-employed, 6 months’ bank statements and proof of business ownership will need to be provided.

A registered credit provider, Eduloan encourages students to apply only if they can afford to repay. There is a handy loan calculator online for working out how much money will be expected to be paid back.

To benefit from Eduloan’s reasonable and affordable study loans, SMS “edu” to 32150 and a helpful consultant will call you back. SMSes are charged at R1. You can also call 0860 55 55 44.


A student loan can help you pay for anything study related, from tuition fees to accommodation and textbooks. Let’s find out more about the application process.

These days, we are all told how important it is to have some qualification, other than a matric certificate. Paying for further education after school can make it very difficult to follow this advice, but luckily student loans exist!

So, how do you get one? Let’s break it down.

Step 1: Choose a Loan Provider

There are many financial institutions that offer student loans, including big banks like FNB, ABSA, Nedbank and Standard Bank. Every bank/institution will offer you a different interest rate.   These are the fees that a bank charges you to borrow money from them. So shop around until you find the best deal because YOU will have to pay it back!

To apply, you can go into any branch of your selected provider or call them to fill in the application form. Some providers also allow you to apply on their website, so check that first, if it is easier for you.

Tertiary studies are expensive, there’s no way around it. Luckily though, you have options to finance it – student loans in South Africa are a realistic option, and they are readily available.

Step 2: Get Surety!

When applying for a student loan, you need to make sure you have someone to stand surety for you. This person must take responsibility to make sure that your loan is repaid even if you cannot pay it. Usually, parents or guardians who are earning a minimum monthly income of R3 000 – R6 000 can stand as surety for your student loan.

What if no one can stand surety for me?

Good question! Surely, there should be options for those people who don’t have anyone to stand surety for them? Don’t worry, there are!

  • If you are a part-time student who earns around R5 000 a month, some providers will allow you to stand surety for yourself.
  • Otherwise, the National Student Financial Aid Scheme (NSFAS) offers loans to students who don’t have anyone to stand surety for them.

The National Student Financial Aid Scheme (NSFAS) is the South African government’s way of helping you pay for your studies. But how does it work exactly?

LEARN MORE ABOUT NSFAS

Step 3: Make sure you Qualify

Banks and other financial institutions have strict requirements that you need to meet in order to apply for an education loan. Most providers require you to have:

  • SA green barcoded ID
  • Proof of residence
  • Proof of registration from an educational institution
  • Latest payslip of the person standing surety
  • Three months bank statements
  • Proof of university costs

Remember that all of these documents must be, at most, 3 months old! Some finance providers also have special requirements and fees that may not be mentioned above. So be sure to check out your chosen provider’s student loan webpage for extra information that you might need.

When do I find out if I got the loan?

If all of your documents are in order, you should know within 30 minutes that your loan has been approved or denied. After that, it should take 48 – 72 hours for the money to appear in your bank account.

FUNDI Education Loan

If you don’t want to apply for a student loan from a bank, you could apply for one of FUNDI’s education loans. FUNDI’s loan offering also covers registration fees and any outstanding balances that you might have.

To apply, follow these easy steps:

  1. Go to FUNDI’s webpage on educational loans.
  2. Choose the type of loan that you want (i.e. tertiary education).
  3. Click ‘Apply now’.
  4. Choose the ‘Get quote now’ option.
  5. Follow the instructions to fill in all of your details.

After submitting all of your relevant information, you should get a quote within 48 – 72 hours. You will then have the option to accept the loan and its repayment terms. Once you’ve accepted these, your loan will be paid directly to your educational institution, on your behalf – so there is no extra fuss for you to worry about!

How To Apply

In addition to the completed application form you must also submit the following:

  • You or your sponsor’s latest original salary advice (or a certified copy thereof).
  • A certified copy of your identification document.
  • A study fee quotation from the institution you will be studying at (this is not required if you are applying for a book loan).
  • You or your sponsor’s latest month’s bank statement to prove you are an account holder and in permanent employment (or 3 month’s personal and business bank statements, if you are self-employed.
  • Please keep a copy of your completed application form in a safe place for your future reference.

Contact Eduloan

Call Centre: 0860 55 55 44
SMS ‘edu’ to 32150 and we’ll call you back

For more information on Eduloan, please visit their website

Need Information or Confused about Something ?

Ask a Question

 

Sponsored Guide

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).

📚 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.

 

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