Established in 1996, Fundi (formerly Eduloan) is a leading provider of education loans. The institution offers education loans for all levels of education, including school, university and college.
An education loan for tertiary education typically covers outstanding balances and registration fees, textbooks, accommodation, laptops, tablets and other study equipment.
Tell me more about Education Loans from Fundi
The institution is the only credit provider that focuses on providing funds for education and has assisted over 850 000 students with education funding.
It has also pioneered South Africa’s first fund administration smart card solution, now called the Fundi card.
Repayments can be made within a 6 to 24 month period and you have the benefit of fixed monthly instalments.
When you apply, Fundi will do an affordability assessment. If you fulfil all requirements, you may qualify.
Private School Education
The lender offers a range of private school education loans that have been designed to assist parents in meeting their obligations in terms of school funds.
Fundi provides finance for undergraduate degrees, through to specialised diplomas and short courses.
Fundi offers tailored solutions for individuals looking to further their education with postgraduate studies.
Why choose to get education loans from Fundi?
As South Africa’s leading education finance and education fund management solution specialist, Fundi is also the only credit provider that focuses on providing funds for education.
You get to benefit from affordable monthly repayments, which are also fixed, which allows you to budget better. There is no admin because Fundi pays the school loans directly to the schools. There is no deposit required and there are no long repayment terms.
What are the requirements?
- A fully completed application form
- A copy of your valid South African I.D.
- A quotation with your name, student number, study program and amount due from an educational institution
- Sponsor’s payslip (not older than 3 months) and latest 3 months’ bank statements
- If your sponsor is self-employed, he or she will be required to bring proof of business ownership and 6 months’ bank statements
For more information about education loans from Fundi, visit www.fundi.co.za