Eduloan was formed in 1996 to be the pioneering education finance specialist in Southern Africa. Driven by a burning desire to see education being affordable and accessible to all individuals, Eduloan has until today awarded 720,000 study loans to the tune of more than R3.7 billion
Eduloan’s mission is to assist in improving people’s lives by giving them financial access to education. The Eduloan finance does not just cover course fees but goes further by catering for other education related expenses like textbooks, registration fees as well as study equipment like laptops, tablets. Eduloan also offers bursary administration solutions which assists students and bursars in effectively managing bursary funds, training funds, CSI funds, cashless payments and class attendance of students and learnership beneficiaries.
While Eduloan is fully committed to the education cause, full-time students are always advised to make arrangements with the sponsor, guardian or parent who is employed so that the loan is paid back while you are studying, this precaution assists student avoid falling into extended periods of debt, high interest rates and compound interest. The added benefit for recipients of this loan is that Eduloan has partnered with book stores, food outlets and accommodation providers around Southern Africa which allows loan recipients to purchase essentials on and off campus without having to use cash or a bank card.
Students can take the first step towards making their dreams a reality by filling in a quick online application form or call 0860555544.