How To get Standard Bank Student Loan Without Surety

Having to pay for your university studies can be tough. If you’ve managed to secure a bursary, scholarship or another form of funding for your studies, but still need some financial support to complete your qualification, luckily, Standard Bank offers a student loan solution that evens out the odds.

Continue to read on and find how you can apply for a standard bank student loan without a surety in South Africa.

With the Standard Bank Student Loan, you can fund your tertiary studies with no maximum tuition fee amount and in an easy, transparent and flexible way. The loan is open to all those who meet the criteria, including part-time students, full-time students with parents or guardians who can sign surety, and non-Standard Bank account holders. It’s a safe and convenient way of ensuring that you have no financial barriers to taking that next step towards success at university.

Who can apply?

  • Students who are doing a course with a minimum duration of 3 months
  • Students who are studying at, or have been accepted into any of the following accredited institutions: SAQA; SETA; DHE; Umalusi and SACAA approved Flight Schools
  • Part-time students must earn a minimum income of R5 000 per month in order to qualify
  • Full time studentsmust have a parent/guardian to sign surety for the student loan. The surety must earn a minimum of R3000 per month, as they will be responsible for paying the loan for the duration of the student’s studies.

The surety of the student does not have to be a Standard Bank account holder.

What does the Standard Bank student loan cover?

  • Registration & tuition fees (Minimum tuition fees of R5 000)
  • Accommodation (maximum amount of R60 000 per year — must provide a lease agreement)
  • Textbooks and equipment (up to R20 000 (with proof of costs) or Up to R6 000 (with no proof of costs)

How is the money distributed?

  • Tuition fees will be paid directly to the institution
  • Accommodation fees will be paid directly into the landlord’s account 
  • Textbooks and equipment will be paid directly into the surety’s transactional account or into the account of the student if they are self-assured 

The student loan will not be granted for accommodation, equipment, and textbooks only. The loan must cover a portion of the tuition fees. This amount will depend on the amount of course credits taken every year as well as on your studies plan.

What documents do you need to apply?

In order to apply for the loan, you can visit a Standard Bank branch near you with the following documents:

  • Proof of study in the form of a final letter of acceptance or proof of registration 
  • Proof of course costs for the year of study (invoices/statements). This includes: tuition fees, accommodation, textbooks, study-related technological devices such as laptops or tablets
  • Proof of your latest academic results
  • Valid ID documents (of the student & parent/guardian responsible for the loan)
  • Proof of residence (of the student & parent/guardian responsible for the loan)
  • For Standard Bank customers: 3 months’ payslips
  • For non-Standard Bank customers: 3 months’ bank statements (of the parent/guardian responsible for the loan)

With the loan, Standard Bank gives you access to a Personal Protection Plan in order to assist you in not having your debt taken over by someone else in the event of disability, critical illness or death. In addition to this, we have a minimum interest rate at 9.75% and a maximum interest rate at 15.75%.

For more information, visit a Standard Bank branch near you or:

call 0860 123 000 or email


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