Eduloan: Opening Doors Across All Markets

Since 1996, Eduloan has helped over 720 000 South Africans to unlock potential by furthering their education. Eduloan is dedicated to offering a variety of loan solutions to students, parents, businesses and corporates as well as civil employees to further their education in order to unlock potential and to contribute to a brighter South Africa.

Whether you, your child or your employee is looking to complete school, graduate from college, technicon or university or if you require a solution to invest in your employees’ skills, we have a product to make education more accessible:

	Students and parents	Bursars and sponsors	Business and corporates	Civil employees	Schools and Tertiary institutions
Tuition loans for fulltime and part-time studies at school, university, collage and technicon	l	l	l	l	l
Further education opportunities to up-skill	l	l	l	l	l
A refresher course at a training facility	l	l	l	l	l
Study related equipment (including laptops and tablets)	l	l	l	l	l
Accommodation loans	l	l	l	l	l
Salary deduction	l	l	l	l	l
Fund and bursary management	l	l	l	l	l
Training fund management			l	l	l
Expense management			l	l	l
SCI fund management			l	l	l
Student attendance management	l	l	l	l	l

We have allocated over R 3, 7 billion in study loans and continue to pioneer products to allow South Africans to further their education, despite the current financial climate.

For more information and to find out how Eduloan can assist you to unlock even more potential, visit our website, contact out call centre 0860 55 55 44 or sms ‘EDU’ to 32150 and we will call you back!

A Quick Summary of the 2014 Budget Speech and How It’s Going to Affect Your Education

In Parliament on Wednesday, South African Minister of Finance, Pravin Gordhan, announced the 2014 budget review. From an educational perspective, here is a quick breakdown of how the 2014 budget review will affect all South African’s:

·         Education was allocated R 253.8 billion for 2014/2015 financial year.

o   R177.6 billion for basic education

o   R29.9 billion for tertiary education

o   R23.4 billion for vocational and further education

o   R12.3 billion for education administration

o   R10.6 billion for culture and recreation.

·         The goals for basic education includes rebuilding schools that use temporary, informal or traditional (i.e. mud houses) buildings. Although many schools have already been built this year, 433 schools will be rebuilt over a medium-term period. R2.94 billion has been allocated for this purpose.

·         R34.3 billion has been allocated to improving school infrastructures.

·         Gordhan announced that there will be in increase to the budget for the National Student Financial Aid Scheme (NASFAS) and will amount to R19.4 billion over the next three years.

o   This means that 292 000 FET bursaries

o   …and 236 000 university bursaries can be allocated by 2016/2017

·         The budget also ensured that R78 billion is allocated to university subsidies.

·         The Department of Higher Education and Training will also be working with tertiary institutions to work on student retention, since there is such a high number of dropouts.

Did you know?

Eduloan, the only private financial company solely focused on unlocking potential through providing educational finance, improve people’s lives by access to education. Since 1996 Eduloan has awarded 721 017 loans to the value of over R3, 7 billion. We offer financing for all levels of tuition – school, university or college. Our loan offering also includes loans to cover outstanding balances, registration fees and we will help you pay for all your study related items with loans for textbooks, accommodation, laptops, tablets and other relevant study equipment.

Eduloan study loans make your life simpler:

• Low monthly repayments
• No deposits. No hidden costs
• Fixed monthly installments
• You only need 4 documents to apply
• Get a response in 48-72 hours
• No admin. Your study loan is paid directly to the institution
• No limits. Apply for all your study needs from books to laptops, registration fees or outstanding balances

Post-Study Financial Freedom – Why Is It So Important?

Whether you are thinking about applying for a study loan, in the process of your loan application or whether you have already committed to a study loan, the monthly repayments would most definitely play a role in your budgeting and planning. At Eduloan we ensure that your study loan is paid off by the time you complete your studies, but why is this so important?

Lowering Your Debt To Income Ratio (making sure your debt is as small as possible in relation to your income and does not have a large effect on your budget)

When you start working, it is important to plan your budget according to your income (how much you earn). When your study loan is paid off, you have one less debt to worry about when you allocate money to your living costs.

Having some extra money available at the end of the month

It is always a good idea to save for emergencies. If your study loan is paid off by the time you complete your studies, you can start saving money for those emergencies, a new car, a house and other expenses.

Planning for the future

It is very important to set yourself financial goals. A study loan is often the first financial commitment that many young people make. After your studies, you might want to buy a car, a house, take out annuities, set money aside for retirement and preparing for your own children’s futures could be some of the goals that you might have to set yourself.

By paying off your study loan by the time you complete your studies, you free yourself from that financial commitment. You can calculate your budget with our budget calculator and then view our quick-reference table to see what your installments will be. Visit www.eduloan.co.za today and contact us to find out how you can benefit from our study loan options.

Introducing The New Eduloan Website – 5 Things You Can Do Efficiently

At Eduloan we do everything we can to help you to unlock your potential and pave your way to success. In addition to our educational finance solutions, great customer service and on campus assistance with our branches on many major campuses across the country we now introduce to you the brand new Eduloan website: www.eduloan.co.za.

Developed and enhanced to give you all the information you need on one easy to use platforms, we have made a list about how this useful tool can help you unlock your potential with a simple click of a button.

Apply For A Study Loan Online

You can now apply for a study loan by either downloading an application form in a preferred language of your choice, completing it and submitting it to us or you can complete the process completely online .

Apply For A Study Tool Loan

Whether you need a loan for textbooks, a laptop or tablet, musical instrument, a scientific calculator, a stethoscope or safety equipment, we can assist you with a loan to cover all your study tools and equipment while you study. You can apply for this online or by downloading an application form from our website.

Calculate Your Installments Using Our Repayment Calculator

Find out how much your loan will cost you by using our repayment calculator tool. Just complete all the fields and the system will automatically calculate your monthly instalments for you, including all related fees. You can adjust the monthly instalment by increasing or decreasing the number of months or your loan amount to accommodate your budget.

Access Your Account Information

Do you want to keep an eye on what’s happening on your account? We have an easy access portal that allows you to view your application status, manage your Eduloan account, view your account statement and update your personal details.

View Our Exclusive Laptop and Tablet Deals

At Eduloan, we offer great laptop and tablet deals! When choosing your laptop or tablet, you will be able to select from leading brands like HP, Samsung, Lenovo, Toshiba, Dell and a whole lot more. Because we know how important the software is, your laptop comes preloaded with a Microsoft operating system and Microsoft office program for maximum performance. Many of our offerings also come with a service warranty. So, in the unlikely event that something should go wrong, simply bring it into the nearest repair centre!

Visit our new Eduloan website today and find out how we can assist you in unlocking even more potential!