Study / Education Loan

 

Finance Your Studies with SOS Quick Loan Solution

Personalized Interest Rates
Get a tailored interest rate and borrow up to R360,000 to fund your studies—designed to meet your individual needs.

Flexible Payment Options
Pay only interest for the first 12 months, then start repaying interest, charges, and capital thereafter.

Credit Life Insurance
We provide credit life insurance to ensure you are fully protected throughout your study period.

Annual Top-Ups
If your studies span more than one year, you can apply for additional funds each year to cover tuition, books, and study-related expenses.

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Why Choose SOS Quick Loan Solution?

For over 15 years, we’ve helped students and their families build brighter futures. We understand that education is an investment, and our study loans are structured to make financing your education simple, affordable, and stress-free.

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Cover Your Complete Study Experience

Finance the full scope of your tertiary education—from tuition fees, accommodation, and study books to technical equipment required for your course.

Best Interest Rates Guaranteed
If you are offered a lower interest rate elsewhere, we’ll beat it. Terms and conditions apply.

Interest-Only Repayments for the First Year
Focus on your studies while paying only interest for the first 12 months. Capital repayment begins from month 13.

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Who Can Apply?

To qualify, you must be a South African citizen or permanent resident, earning more than R3,000 per month. Loans can be taken out in the name of:

• A parent (with proof of income)

• A sponsor or guardian (with proof of income)

• A part-time student who is employed full-time (with proof of income)

Eligible Institutions Include:

• Universities of Technology, Agricultural Colleges, Technical Vocational Education and Training (TVET) colleges

• Private institutions registered with a SETA and accredited by SAQA

• Online courses accredited by recognized international authorities (US or UK)

• Aviation training approved by the SA Civil Aviation Authority (SACAA)

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Loan Details

• Loans available for undergraduate and postgraduate courses lasting more than 2 months

• Minimum loan amount: R15,000

• Covers one year of tuition and related expenses; annual re-application required for subsequent years

• Loan approval is based on risk and affordability assessment

• Funds may include tuition, textbooks, accommodation (for full-time students not living with family), and study-related devices

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Application Requirements

• Valid South African ID or Smartcard

• Proof of residential address (municipal/rates bill)

• Last 3 months’ payslips or bank statements

• Proof of study (acceptance letter or registration confirmation)

• Proof of study costs for tuition, accommodation, textbooks, and technology

• For second or subsequent years: proof of academic progress

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Repayment Options

• Capital and interest repayments, or

• Interest-only for the first 12 months

• When topping up an existing loan, interest-only repayment can apply for an additional 12 months

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Credit Protection Plan

Be prepared for the unexpected. Our Credit Protection Plan covers death, disability, critical illness, terminal illness, or loss of income. Credit life insurance is mandatory for all study loans.

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Additional Benefits

• 100% financing available under certain conditions

• Preferential forex rates for international disbursements

• Parents can be joint borrowers

• Loan tenure up to 15 years

• Moratorium period of 6–12 months after course completion

• Tax benefits on interest payments for up to 8 years

• Loan amounts up to R50,000 for qualifying students