Just Money

• Student loans up to R300,000
• Flexible loan options
• Affordable rates

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Simplify your student loan search with Just Money

Using Just Money's website to find a student loan may be a better option than applying directly with a lender because it can offer:

• More options to choose from
• Time-saving comparison of different loan options
• Expert advice from financial professionals
• An easy-to-use platform for finding and applying for loans

Here's how Just Money can assist you in securing a student loan:

• Comparison: Just Money can help you compare different student loan options from multiple lenders, including government-funded loans, private loans, and bursaries. This can help you find a loan that best suits your needs and budget.
• Expert Advice: Just Money's team of financial experts can provide you with up-to-date information and advice on different student loan options. This can help you make an informed decision about which loan is right for you.
• Application Assistance: Once you've found a student loan option that you're interested in, Just Money can assist you in completing and submitting your loan application. This can help streamline the application process and save you time and effort.

Just Money can help you navigate the often-complex process of securing a student loan by providing you with the information and assistance you need to make an informed decision and apply for a loan with confidence.

You’ll need to meet the following requirements to apply for a student loan:

• Enrollment: You must be enrolled or have been accepted for enrollment as a student at an accredited institution in South Africa.
• Citizenship: You must be a South African citizen or a permanent resident.
• Creditworthiness: Depending on the lender, you may need to meet certain creditworthiness requirements, such as having a good credit score or a co-signer.
• Income: Some lenders may require proof of income or a guarantor to ensure that you’ll be able to repay the loan.
• Academic Performance: Some lenders may consider your academic performance, such as your GPA or standardized test scores, when determining your eligibility for a loan.
• Additional Documents: Depending on the lender and the type of loan, you may need to provide additional documents, such as proof of identity or bank statements.

Unlock your future: essential documents you need to secure a student loan

• South African ID document or passport
• Proof of income or affordability (e.g. payslips, bank statements, etc.)
• Proof of residence (e.g. utility bill or rental agreement)
• Acceptance letter from the educational institution where you will be studying
• Academic transcripts or the latest school report
• Proof of registration or admission fees paid to the educational institution
• A completed loan application form will be provided by the lender.

Navigating the student loan application process

1. Research and comparison: Before applying for a student loan, it's important to research different lenders and compare their interest rates, repayment terms, and other fees.
2. Gather documents: As mentioned earlier, you’ll need to gather and prepare the required documents for the lender, which may include proof of income, ID documents, acceptance letters, and academic transcripts.
3. Submit the application: Once you’ve selected a lender and have all the required documents, you can submit your loan application online or in person. Some lenders may also require you to meet with a loan officer to discuss your application.
4. Wait for approval: After submitting your application, the lender will review it to determine if you are eligible for a student loan. This process may take a few days or weeks, depending on the lender.
5. Accept the loan terms: If you’re approved for a student loan, you’ll receive a loan offer with the terms and conditions of the loan. It's important to carefully review and understand the terms before accepting the loan.
6. Receive funds: Once you have accepted the loan, the lender will disburse the funds to the educational institution on your behalf.
7. Repayment: After completing your studies, you’ll typically have a grace period before you begin repaying the loan. During this time, it's important to make a repayment plan and understand the repayment terms, such as interest rates and monthly payments.