You apply as principal debtor, often a parent or sponsor. You need permanent employment or self-employment. At least R3,000 in income must be paid into your account.
Your work, income and the student’s enrolment determine who can apply
You and the student need South African IDs. The student must be registered at a recognised tertiary institution. You need income of at least R3,000 paid into your account.
Pay no capital during studies if you email annual enrolment proof to stldocs@fnb.co.za by 1 May. Missing proof can raise instalments and interest rates.
How your interest rate and insurance work
Your interest rate is linked to Prime and depends on your credit risk profile. After the student completes their studies, repayments include capital, interest, fees and charges.
FNB, a division of FirstRand Bank Limited, requires credit life insurance. You can provide your own suitable policy instead of taking its cover.
What you and the student need to qualify
Have your green bar-coded or Smart ID ready before you apply.
- You need suitable credit life insurance.
- Have both South African IDs and study proof.
- Have eligible work and R3,000 or more income paid to your account.
- The student needs recognised tertiary enrolment.
Start your request and send your documents
- Apply in the FNB App or via your private advisor.
- Send both IDs and proof of student enrolment.
- If you don’t bank with FNB, send proof of income.
- Non-FNB customers send address proof up to 3 months old.
FAQ
What income proof do salaried applicants outside FNB need to provide?
If you don’t bank with FNB, send your latest three months’ payslips or bank-stamped statements showing salary deposits for those months.
What income documents do self-employed non-FNB applicants need?
If you’re self-employed and don’t bank with FNB, send your latest six months’ bank-stamped statements and tax assessment ITA 34.
Can I settle my FNB Student Loan early without a penalty?
Yes, you can settle early with no penalties. Your settlement amount includes outstanding interest, fees and capital.
How quickly can FNB process my student loan application?
FNB may process your application within 24 hours if supporting documents arrive promptly. Processing is not approval or payout.