Are you a student in South Africa looking to further your education but need help to fund your tuition fees?
Fundi Financial Services is a leading education finance provider in South Africa.
Fundi offers loans to students who need financial assistance to pursue their academic goals. But who qualifies for a Fundi loan?
Before we cover the qualification criteria, let’s take a brief look at what Fundi is all about.
Fundi Financial Services is a specialist education finance provider that offers loans to students who need financial assistance to pursue their academic goals.
Fundi’s mission is to make education accessible and affordable for all.
Who Qualifies for a Fundi Loan?
To qualify for a Fundi loan, you must meet specific eligibility criteria. Here are the key requirements:
- Age: You must be at least 18 years old to apply for a Fundi loan.
- Citizenship: You must be a South African citizen or have permanent residency in South Africa.
- Admission: You must have been admitted to a recognized tertiary institution in South Africa.
- Program: You must be enrolled in a program that is approved by the Council on Higher Education (CHE) or the South African Qualifications Authority (SAQA).
- Tuition Fees: You must have a tuition fee obligation to your institution.
In addition to the above eligibility criteria, you will also need to provide specific documentation to support your loan application. These documents may include:
- Admission letter: A copy of your admission letter from your institution.
- Student ID: A copy of your student ID card.
- Tuition fee invoice: A copy of your tuition fee invoice from your institution.
- Proof of income: Proof of income from your sponsor or guarantor.
How to Apply for a Fundi Loan
Applying for a Fundi loan is a straightforward process. Here are the steps to follow:
- Visit the Fundi website: Go to the Fundi website and click on the “Apply Now” button.
- Fill out the application form: Fill out the online application form with your personal and academic details.
- Upload required documents: Upload the necessary documents, such as your admission letter and tuition fee invoice.
- Submit your application: Submit your application and wait for a response from Fundi.
What Happens After You Apply?
After you submit your application, Fundi will review your details and verify the information you provided. If your application is successful, Fundi will offer you a loan agreement outlining the terms and conditions of the loan. You will then need to sign and return the loan agreement to Fundi.
Repayment Terms
Fundi loans are repayable over up to 12 months. You will need to repay your loan in monthly installments, which will be deducted from your bank account. Fundi also offers a grace period of up to 3 months after graduation before you need to start repaying your loan.
Benefits of a Fundi Loan
A Fundi loan offers several benefits to students, including:
- Easy access to funding: Fundi loans are easy to apply for and provide quick access to funding.
- Flexible repayment terms: Fundi loans offer flexible repayment terms that allow you to repay your loan over up to 12 months.
- No collateral required: Fundi loans do not require any collateral, making them accessible to students who may not have any assets to pledge as security.
You can contact Fundi by:
- Calling their call center at 086 055 5544
- Emailing support@fundi.co.za
- Visiting their website and selecting “Contact Us” to find the office nearest to you
You can also find Fundi on Facebook at facebook.com/Fundi, Twitter at twitter.com/Fundi, and Their blog at blog.fundi.co.za.
Fundi loan is an excellent option for students in South Africa who need financial assistance to pursue their academic goals. With easy access to funding, flexible repayment terms, and no collateral required, a Fundi loan can help you unlock your potential and achieve your dreams.