Eduloan provides education finance to corporate employees, and gives them fixed repayment options over a 6 to 22 months period. A salary deduction can be arranged which will allow for better management of monthly loan installments and will ensure that they are paid timeously.
The loan covers student related necessities including books, accessories, laptops and accommodation, as well as study tuition fees.
Eduloan has a responsible approach to financing people’s education and therefore an affordability test is done for all applications. Permanent employees can apply for a study loan, as long as the installments do not exceed more than 25% (based on a one year loan) of their monthly gross salary and must earn a minimum of R2 000 before deductions once the installment has been deducted.
Loans are also available to full-time South African students .Edu-Loan has financed over 400 000 students to a total value of over R1
Billion. Backed by an extensive national footprint, Edu-Loan has unique agreements with most of the tertiary higher
educational institutions (Universities and Universities of Technology) around South Africa, and offers a variety of
products to students.
PO Box 5287, Weltevreden Park, Johannesburg, 1715
Open Learning House, Constantia Park, Cnr. 14th Ave & Hendrik Potgieter Rd,