If you’re a student in South Africa, you’ve likely heard of the Fundi card.
Fundi, formerly known as Eduloan, is a financial institution that provides educational loans and financial products to students.
One of its most popular offerings is the Fundi card, a prepaid card that allows students to access their loan funds and make purchases related to their education.
What is the Fundi Card?
The Fundi card is a prepaid Mastercard linked to your Fundi loan.
It allows you to access the funds available in your Fundi loan account.
You can use it to pay for various educational-related expenses, making it a convenient tool for students.
With the Fundi card, you can buy items online, in-store, and even withdraw cash from ATMs.
It offers students a flexible way to manage their finances during their studies.
Where Can You Use the Fundi Card?
You can use your Fundi card in several places, making it a versatile payment option.
Here’s where you can use it:
1. Educational Institutions
Many universities and colleges in South Africa accept the Fundi card for payments.
You can use it to pay for tuition fees, registration fees, and other academic expenses directly at the institution.
Some schools may have a specific portal or system that accepts Fundi cards as a payment method.
Always check with your school’s administration to confirm if they accept Fundi payments.
2. Textbook and Stationery Stores
The Fundi card can be used to purchase textbooks, stationery, and other academic materials.
This is ideal for students who need to buy textbooks, study guides, or supplies for their courses.
Many campus bookstores and online educational stores accept Fundi cards for these types of purchases.
3. Online Shopping
You can use your Fundi card to shop online for educational resources.
This includes buying eBooks, software, or other digital tools necessary for your studies.
Many popular online retailers that accept Mastercard also accept the Fundi card, giving you access to a broad range of products and services.
4. Accommodation and Living Expenses
While the Fundi card is primarily designed for educational expenses, you can also use it to pay for accommodation costs if your landlord or student accommodation accepts card payments.
This provides you with an easy way to manage your housing expenses while focusing on your studies.
5. Transport and Travel
Some students use the Fundi card for transport costs, such as paying for bus or train tickets related to their studies.
If you need to travel for academic conferences, field trips, or study-related activities, your Fundi card can help you cover these costs.
However, it is important to confirm with your local transport provider whether they accept Mastercard payments.
6. Other Educational-Related Services
The Fundi card is also useful for paying for other services that are related to your education.
This could include services such as:
- Tutoring
- Research tools or subscriptions
- Online courses or certifications
If the service provider accepts Mastercard, you can use your Fundi card to pay.
How to Use the Fundi Card
Using the Fundi card is simple.
Once you have your card, you can either use it at physical stores or online by entering your card details.
At physical locations, you can swipe the card or use it with contactless payment if the merchant supports it.
For online purchases, you’ll need to enter the card number, expiry date, and CVV.
Be sure to always monitor your Fundi account balance to ensure that you have enough funds available before making purchases.
How to Apply for a Fundi Card
Applying for a Fundi card is easy if you already have a Fundi loan.
- Visit the Fundi website: Go to Fundi’s official website and apply for the card.
- Fill out the application: Provide necessary details such as your student information and loan account number.
- Submit your application: After submitting your application, you’ll receive your card once it is processed.
Make sure that your loan account is active and in good standing before applying.