Changing universities during the academic year is a big decision. If you’re currently studying with the help of a Fundi loan, the main question on your mind might be: Can Fundi loans be transferred if I change universities mid-year in 2025?
We’ll walk you through everything you need to know about how Fundi handles loan transfers when students move to a different institution mid-year, in this post.
What Are Fundi Loans?
Fundi loans are financial solutions provided to South African students to help cover educational costs. These loans are available for tuition, accommodation, textbooks, registration fees, and other study-related expenses. Fundi supports students at various universities, colleges, and technical institutions across South Africa.
Each Fundi loan is tied to a specific course at a specific institution. That’s why transferring to another university requires an update and approval process.
Can You Change Universities Mid-Year in South Africa?
Yes, students in South Africa can change universities mid-year if they meet certain conditions. Some of the reasons students transfer include:
- Seeking a better course or program
- Financial or academic challenges
- Personal or location-based reasons
- Dissatisfaction with current institution
Universities may allow mid-year entries depending on the course and availability. However, if you’re on a student loan like Fundi, it’s essential to handle the funding side properly during the change.
Can Fundi Loans Be Transferred to Another University?
Yes, Fundi loans can be transferred when you change universities mid-year, but it is not automatic. The transfer is subject to Fundi’s approval.
Fundi must confirm that:
- The new institution is accredited and eligible for Fundi financing
- The new course is covered under Fundi’s loan policies
- Your remaining loan balance aligns with the costs of the new university
This means Fundi assesses each case based on updated documentation and may either approve or reject the transfer depending on the new setup.
Step-by-Step Guide to Transferring Fundi Loans Mid-Year
If you’re planning to transfer to another institution in the middle of the academic year, here’s how to go about your Fundi loan transfer:
Step 1: Inform Your Current University
You must officially deregister from your current university. This helps to stop any pending payments from Fundi to that institution and shows you’re no longer enrolled.
Step 2: Apply and Get Accepted at the New Institution
Before anything else, you need a valid offer of admission from the new university. Fundi won’t begin any transfer process without this.
Step 3: Contact Fundi Immediately
Once you have your admission letter, reach out to Fundi to inform them of the transfer. This should be done before the new academic session begins.
Step 4: Submit All Required Documentation
Fundi will request documents to support your loan transfer. These usually include:
- A letter of deregistration from your former university
- An official acceptance letter from the new university
- A new cost breakdown of your tuition and study expenses
- Your ID document
- Fundi transfer request form (if provided)
Step 5: Wait for Fundi’s Approval
Once submitted, Fundi will assess your application. They may contact both institutions for confirmation. Approval may take a few days to weeks, depending on the case.
Step 6: Funds Are Reallocated to the New Institution
If the transfer is approved, Fundi will redirect any remaining funds to your new university based on the new cost structure.
What Happens If the Transfer Is Denied?
Fundi may deny a loan transfer if:
- The new institution is not one of their approved partners
- The course you are transferring to is not covered
- There are inconsistencies in your documentation
- The cost exceeds the originally approved loan amount
If your request is denied, you’ll need to look for alternative ways to fund your studies at the new university or reapply with updated information.
Requirements and Documentation for Fundi Loan Transfers
To increase your chances of approval, ensure you submit accurate and complete documents. The most commonly required documents include:
- A certified copy of your ID
- Your original Fundi loan agreement (if required)
- A deregistration letter from your old university
- A valid admission letter from the new institution
- Updated fee structure from the new university
- Any other document requested by Fundi during processing
These documents help Fundi confirm that the transfer is genuine and that funds will be used for the correct purpose.
Tips for a Smooth Fundi Loan Transfer
To make the process smooth, follow these important tips:
- Start early: Don’t wait till last minute. Begin your transfer process as soon as you plan to switch schools.
- Communicate: Talk to both your current university and the new institution to keep everyone in the loop.
- Stay updated: Contact Fundi regularly to check the status of your application.
- Organize documents: Make sure all required paperwork is properly scanned and clear.
- Keep everything in writing: Request confirmation emails when submitting documents or speaking to a Fundi representative.
Mistakes to Avoid When Changing Universities Mid-Year
Changing universities mid-year already involves a lot of paperwork. Avoid the following mistakes that can delay or block your Fundi loan transfer:
- Not informing Fundi about your move
- Assuming the transfer will happen automatically
- Sending incomplete or inaccurate documents
- Switching to a non-accredited institution
- Missing deadlines for new academic sessions
- Failing to ask the new university for a detailed fee breakdown
Final Thoughts
Can Fundi Loans Be Transferred If I Change Universities Mid-Year?
Yes, Fundi loans can be transferred when you change universities mid-year in 2025—but this depends on a proper application process and Fundi’s approval. The loan does not follow you automatically.
You must inform Fundi, submit the required documents, and wait for their review before the loan is transferred to your new university.
Act early, stay organized, and keep the communication lines open to ensure your education continues smoothly without financial interruption.