First National Bank (FNB) offers student loans to help South African learners fund tertiary studies at SAQA-accredited institutions. Available for 2025 enrolments, these loans cover tuition, accommodation and study materials through credit-approved applications requiring parent/guardian guarantors. We explain eligibility criteria, repayment terms and application steps.
What FNB Student Loans Cover
The loans pay up to R360,000 for accredited undergraduate/postgraduate courses at public/private institutions. Funds cover:
- University/college tuition fees
- Residence or private rental accommodation
- Prescribed textbooks and learning materials
- Essential devices like laptops
FNB transfers approved amounts directly to institutions/service providers. Borrowers must reapply annually for multi-year courses.
2025 Eligibility Requirements
| Category | Requirements |
|---|---|
| Students | SA citizenship or permanent residency Valid 2025 admission letter SAQA-accredited institution registration |
| Guarantors | Monthly income ≥ R3,000-R6
|