10 FAQs About Applying for Funding at Fundi

3. Who Qualifies for a Fundi Student Loan?

You've got your matric certificate ready and you're set to start your student loan application. But wait — you're not sure if you qualify! Don't worry, we've got you covered. In order to qualify for a Fundi student loan, you have to ensure that you meet the following criteria:

• You must be a South African citizen

• You must be a government employee with a persal number (e.g. a nurse or teacher)

• You must be over the age of 18

• You must not be under debt review

• You must be earning a minimum of R2,500 after monthly deductions

4. How to Apply for a Fundi Loan

Getting a Fundi loan is a breeze! Here's the step-by-step guide:

• Visit loans.fundi.co.za

• Click on Apply Now

• Fill in your details — including whether you're the student or the applicant, your institution, and the costs you need covered

• Submit the form and sit back and wait for a call from one of Fundi's friendly agents

Not sure what you can afford before you apply? Give the Fundi Loan Calculator a spin first to work out your monthly repayments.

But hey, if you'd rather speak to someone directly, you can always reach out to Fundi on 086 055 5544 or drop them an email at support@fundi.co.za. They've got your back!

5. How Much is a Fundi Loan Monthly Allowance?

Okay, so here's the thing: Fundi doesn't actually provide a traditional monthly allowance. Instead, Fundi offers financial support for specific items or expenses. When you apply for funding through Fundi and meet the necessary criteria, you'll need to submit a quotation specifying the items for which you require funding.

For instance, let's say you aspire to become a teacher and plan to enrol at the University of Johannesburg (UJ). If you require financial assistance for your tuition fees and accommodation, you would submit a quotation to Fundi that outlines the cost of these two specific items.

Your Fundi student loan application would be assessed for these particular expenses, and if approved, you would receive funding for those specific needs.

6. What Can a Fundi Student Loan Be Used For?

Fundi knows that the cost of studying can be expensive, which is why their student loans cover a range of educational costs, such as:

• Tuition fees

• Textbooks and other study material

• Technological devices such as laptops, tablets and mobile phones

• Accommodation

• Education-related equipment

7. Who Does Fundi Pay the Student Loan To?

Fundi ensures that your student loan funds are sent directly to your tertiary institution or service provider. This means you won't have to worry about handling the money yourself — it goes straight to where it's needed.

8. When Are We Expected to Start Paying Back the Fundi Student Loan?

Repayment for your Fundi student loan kicks in one month after your loan has been approved. This gives you a little breathing room to focus on your studies before starting to pay it back.

9. If I Receive NSFAS Funds or Funds From a Funder, Can a Student Loan Be Settled Early?

Absolutely! If you receive funds from NSFAS or any other source and want to settle your Fundi student loan ahead of schedule, you can do so without any pesky penalties. Fundi encourages responsible financial management.

10. Can I Study at Any Institution of My Choice With a Fundi Student Loan?

Yes, you have the freedom to select any accredited educational institution that suits your academic goals. Fundi supports your pursuit of education at institutions recognised by national accreditation organisations. Whether you're looking to study at a public university, private college or TVET, the choice is yours!

Fund Your Educational Journey with Fundi

Now that you've got the lowdown on what Fundi is and the awesome financial services it provides, you might be thinking about securing a student loan from Fundi for 2027. That's fantastic news!

To check what your repayments would look like, give the Fundi Loan Calculator a spin. It's a handy tool to help you get started on your path to educational success!

If you want to learn more about Fundi and all it has to offer, visit the Fundi website today. You can also contact Fundi on 086 055 5544 or email support@fundi.co.za.