Friday, 28 March 2014

Celebrating 18 Years of Unlocking Potential

Since 1996, Eduloan has delivered financial solutions to South Africans looking to further their education, no matter the level of tuition. March 28, 2014 marks our 18th birthday, allowing us to celebrate the more than 720 000 study loans to the value of over R3.7 billion that we have awarded to South Africans looking to further their education.

 Eduloan remains the leading education finance specialist offering loan solutions to students – whether it is school, college, technicon or university. We understand the real cost of education and because of this we extend loans to students who require funds for textbooks, accommodation, study-related equipment as well as laptops or tablets.

Fund and bursary management has also evolved through the introduction of our Eduxtras solution. We pioneered the smartcard solution – geared to help students manage their bursary funds while the bursar has peace of mind that the funds are being allocated and spent as intended. Funds are loaded into pockets for accommodation, books, study-related equipment, food and tuition (or customised pockets depending on what your bursar specified) and can only be spent on the intended purpose.

In the past 18 years we have also assisted employers by providing accessible education finance to their staff. Eduloan has a long standing partnership with government and institutions which allows government employees easier access to obtaining a loan.  Similiarlee Eduloan has applied the same model to corporates for their employees.

Dedicated to providing educational finance and bursary fund administration solutions, we pride ourselves on being the only financial company solely focused education.

We commit to innovate more solutions to unlock even more potential in South Africa.

Happy birthday Eduloan!

Thursday, 20 March 2014

The Eduxtras Cashless Card: 4 Reasons You Should Get Your Hands On The Card That Helps You Manage Your Study Funds!

Stay focused on your studies... not on the management of your bursary funds. At Eduloan we want to make funding your education as easy as possible!  Your Eduxtras card gives you easy access to your bursary funds which are loaded into pockets for accommodation, books, study-related equipment, food and tuition. We take a look at 4 reasons why you should consider getting your hands on an Eduxtras card:

Reason #1 – It’s Secure
Because the money is transferred into your account and you only use your cashless card to access these funds, you do not have to be worried about having large sums of money in your pocket to pay for your accommodation or textbooks. Should you lose your card or if it gets stolen, it is easy to deactivate the card by calling the call canter or by using your online login.

Reason #2 – Access your account online
You can access and manage your Eduxtras cashless card by logging in on On this website you will be able to manage your bursary funds by viewing your statements and banking details, request or change your PIN and report a lost or stolen card.

Reason #3 – Better Budgeting
Because your funds are kept in pockets, you can budget your monthly allowance to avoid using your food budget when you have to buy textbooks, making sure you don’t go hungry at the end of the month.

Reason #4 – On Campus Access
You can use your Eduxtras card on campus, for even more convenience. This means that you do not have to travel to be able to use your Eduxtras card! All you have to do is swipe your Eduxtras card at one of our partnered stores! Click here [L1] to view the complete list of partnered stores.

Surely you should get your hands on an Eduxtras cashless card?

For any questions about Eduxtras, our partner merchants, to find out more about the fund pockets, to report a lost or stolen card or a forgotten PIN simply call us on 0860 55 55 44. You can also email or visit for more information.

Tuesday, 11 March 2014

4 Reasons why it is a good idea to pay off your study loan by the time you graduate

At Eduloan we offer you a range of study loan solution to ensure that you tuition, accommodation, textbooks, a laptop and tablet and even your study related equipment. Our study loan repayments are generally made over a period of 10, 16 or 22 months. At Eduloan we believe that it is better for students to make arrangements with a sponsor who is working so that your loan and interest can be paid back by the time you start working, thereby freeing you of extended periods of debt, high interest rates and compound interest. We have five good reasons why it is a good idea to pay off your loan before you graduate!

No Hidden Fees
Our loans have fixed repayments – making it easy for you to budget since there won’t be surprise increases.

Make sure you start your career fresh… and debt free
Because you’re starting out a new career and making a fresh start, we want you to have to focus on building your skills and experience without being distracted by the stress of budgeting for your study loan.

Other debt
When you start your working-life, you have other cost to consider like the cost of housing and transport. Whether you are saving for a house or renting an apartment or a room in a house-share, or whether you are saving up for your own pair of wheels – the additional stress of a study loan repayment can  mean that you might take a little longer to get your dream home or wheels.

Are you interested in affordable study loan from Eduloan? All you need to apply are the following 4 documents:

You can apply online now or give us a call on 0860 55 55 44. You can also SMS ‘EDU’ to 32150 and we’ll call you back!