ABSA Bank student’s loan benefits

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ABSA Bank student’s loan benefits

If you are looking to further your studies but do not have enough funds, Absa Bank is the best place to look for a loan. Absa Bank has a school plan that supports parents, guardians, and individuals with loans to help them pay for their tuition and that of their dependants.

This school plan is available to old customers and new clients who have been saving with the bank for a least a year. The Absa student loan is for anyone who wants to get an education and

What do you get by applying for a student loan?

  • The bank offers employees an amount of GHC 220,000 as a loan
  • The student loan also offers a repayment plan that is affordable to any student. To receive the loan you must be a worker or have someone be your guarantor.
  • Also, you are given a free insurance life cover against death and permanent disability.
  • Besides these, you are also given a maximum of 72 hours to make changes to your request in order for it not to delay.

How does the Absa student loan work?

  • To apply for the loan, you need to fill out an application form and attach all necessary documents and information. You can visit any Absa Bank and fill out your application or you could go to their website
  • A full-time or part-time student has different requirements for applying for a loan.
  • A full-time student applying for the loan should provide an acceptance letter into their various schools, they should prove that their parents or guardians are earning a certain amount of income per month, if you are catering for yourself too you need to provide your bank statement or payslips from 3 previous months.
  • A part-time student needs to prove that he/she is fully employed. Thus, must provide a bank statement or payslip of previous months. Also, should have been accepted into any higher learning institution, and earn a steady income.

What to bring when applying for the loan

  • Absa account holders
  • National photo ID card (or passport for non-Ghanaians)
  • Completed loan application form
  • Latest payslip
  • Non-Absa account holders
  • National ID card (or passport for non-Ghanaians)
  • A completed loan application form
  • Most recent bank statements for the last 6 months (certified)

Conclusion On ABSA Bank student’s loan benefits

If you want to further your education, you should check Absa Bank’s student loan. Its interest rate is the lowest any bank is offering. They include credit rating, credit behavior, as well as financial standing.

Also, for more scholarship updates, CLICK HERE.

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