Education Loans (Student & Tuition Financing)
Key Features
✅ Loan Amounts: R10,000 – R500,000
✅ Coverage: Tuition + textbooks + accommodation (up to R15,000/month)
✅ Repayment Terms:
Students: 1-year grace period after graduation
Parents: Immediate or deferred options
✅ Interest Rates:Prime + 2% (with guarantor)
7% (unsecured)
Target Market
University Students (NSFAS top-ups for private colleges)
TVET/Vocational Learners (Chefs, coders, trades)
Parents (Bridging gaps in school fees/school trips)
Strategic Advantages for Kamina
🔹 Gap in the Market:
NSFAS rejects 25% of applicants
Banks require 650+ credit scores
🔹 Innovative Products:“Pay-When-You-Earn” (Income-share agreements)
“Parent Co-Sign Loans” (Lower rates for family-backed apps)
Compliance & Risk Management
⚠ NCR Rules:
Must prove affordability (parent/student income)
No penalty for early settlement
⚠ Default Prevention:Partner with universities for graduate employment tracking
Offer repayment holidays for unemployment
Do you want to know?
To be eligible, you typically need:
✅ For Students:
Acceptance letter from an accredited institution (public/private)
South African ID or valid study visa
A co-signer (parent/guardian/employer) with:
Proof of income (R15k+ monthly)
Good credit history (no recent defaults)
✅ For Parents:
6+ months’ bank statements
No active debt review
“We consider part-time students and vocational programs!”
Kamina offers flexible repayment options:
Grace Period: Pay only interest (or nothing) until 6–12 months after graduation
Partial Payments: Reduce principal early to save interest
Income-Based: Start at R500/month if employed part-time
Example:
“A R100k loan at 12% interest costs ~R1,200/month post-graduation over 7 years.”
⚠ Key Tip: “Late payments during studies still affect credit scores.”
We provide three safety nets:
Repayment Holidays: Freeze payments for 3–6 months (max twice)
Rate Reductions: Lower interest if earning below R15k/month
Career Support: Free access to our partner job portals
“Defaulting permanently blocks future credit – talk to us first!”
Our Services
