Undergraduate Bursaries & Loans
Welcome to Stellenbosch University

Capitec Loans

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Capitec has teamed up with the University of Stellenbosch Centre for Undergraduate Bursaries and Loans (CUBL) to 

offer prime interest rate loans to people who want to pursue undergraduate studies.


Credit for education: frequently asked questions (FAQs) 


​What is credit for education?


It's credit offered at a discounted interest rate over an extended term, that's specifically used to pay for education. You can only apply through the University of Stellenbosch from our website. If you qualify and your credit is approved, Capitec will pay the money directly to the University of Stellenbosch for you ​


​What are the benefits?

You can get up to R250 000 over 84 months and enjoy a discounted, fixed interest rate for the term of your loan. Save time by applying online and get your offer within 5 minutes – no need to visit a branch.  

 There are no long waiting periods – the is payment is made within 24 – 48 hours. And you don't have to make any further payments as the credit is paid directly to the educational institution for you. ​


​What is the maximum amount I could qualify for​?

The term and amount that you could qualify for is based on the applicant's personal credit profile, income details and affordability: 

  • If you get paid monthly you could qualify for up to R250 000 
  • If you get paid weekly you could qualify for up to R50 000 
  • If you get paid fortnightly you could qualify for up to R12 000​


Who could qualify? ​

  • To apply for credit, the applicant (you or your parent/s, guardian or sponsor applying on your behalf) must be permanently employed, 18 years or older and have a valid South African ID document/smart ID card. 

     

    An invoice or quote from the University of Stellenbosch, not older than 30 days, is needed to process your application. The credit assessment will be based on our credit granting rules and the applicant's personal credit profile and affordability. ​

    You may also need to provide: 

    • The applicant's latest 3 consecutive salary slips 
    • A bank statement showing your latest 3 consecutive salary deposits (only if your salary is not paid into your Capitec account) 
    • No proof of residential address is needed; however, you may be asked to provide supporting documents to complete your application. For more information, visit capitecbank.co.za.

​How would I know how much I could qualify for? 

Click HERE and complete 4 easy steps to see how much you could qualify for.


Do I need to be a Capitec client to apply?

No, you do not have to be a Capitec client to apply.


​Can I move my existing loan to Capitec? 

You can't use credit for education to settle an existing loan. But if the existing loan reflects on the credit bureau and you qualify for either a Capitec term loan or access facility, it can be settled with the proceeds. 

​What documents do I need to apply?

You will need: 

 

  • A standard invoice or quote from the University of Stellenbosch, not older than 30 days 
  • Valid South African ID document/smart ID card (must be 18 years or older. If your name and/or surname differs from your identification document, a marriage certificate, divorce court order or name change letter will be required) 
  • Your latest 3 consecutive salary slips 
  • A bank statement showing your latest 3 consecutive salary deposits (only if your salary is not paid into your Capitec account) 
  • No proof of residential address is needed; however, you may be asked to provide supporting documents to complete your application


​Where can I direct my queries to? 

You can call Capitec on 0860 88 88 40, Monday – Friday 8am – 6pm or Saturdays 8am – 1pm

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For more FAQ's please click HERE. ​

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