Best Student loans in South Africa in 2026-Including interest rates
Looking for an institution to further your studies is hard and very competitive. But not as hard as trying to source funding for said studies. Here’s a clear and up-to-date look at the best student loan options in South Africa and their typical interest rates — so you can plan your education funding with confidence in 2026. 1. NSFAS – Government-Backed Student Funding Best for: Students from low-income families attending public universities or TVET colleges. Key features Interest: Very low (typically around 80% of the repo rate , which is much lower than bank loans) — if you qualify for a loan rather than a bursary. Repayment: Only starts after you graduate and are earning above a set income threshold (often around R30 000/year). Bonus: A portion becomes a bursary (no repayment) if you pass your modules! Coverage: Tuition, accommodation, meals, and learning materials. Why choose NSFAS? This is typically the most affordable option — especially...
