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This loan serves to finance the cost of your studies at a recognised tertiary institution. During the course of your studies, you only pay interest if the main account holder banks with FNB Namibia. After you have graduated, capital is repaid over the same period of time as the studies for which the loan was granted.

LifeStart Student Loan

This loan serves to finance the cost of your studies at a recognised tertiary institution. During the course of your studies, you only pay interest if the main account holder banks with FNB Namibia. After you have graduated, capital is repaid over the same period of time as the studies for which the loan was granted.

Why FNB?

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Have your statements sent to you via email, saving you paperwork and contributing to a greener environment.

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More about: LifeStart Student Loan

Why do I need this?

The LifeStart Student Loan helps you to complete your studies by providing finance to cover the costs.

Who will qualify?

  • Both full time and part time students registered at recognised institutions of higher learning, studying for at least three years, may apply

What else do I need to know?

  • Parents/legal guardian/sponsor need(s) to sign surety for all loans (an adult who undertakes to repay the debt if you fail to do so)
  • If you are a minor or unemployed, your loan application will require an acceptable surety or guarantor.
  • You must be in possession of Grade 12 results (at least a C symbol)
  • You need to take out mortality risk cover

Do I qualify?

All registered students, studying towards internationally recognised degrees or diplomas of at least three years duration, or post-graduate degrees or diplomas, may apply for the LifeStart Student Loan. There is no age restriction for student loans and both full-time and part-time students can apply.

How much can I borrow?

The maximum amount that successful applicants may qualify for per academic year is as follows:

Year

Amount

Interest Rate

1

N$25 000

Prime

2

N$26 000

Prime less 1%

3

N$27 000

Prime less 2%

4

N$28 000

Prime less 3%

5

N$28 000

Prime less 4%

6

N$28 000

Prime less 4%

Please note: To qualify for the reduced rate above, the student needs to have an account with FNB, such as the LifeStart Account. If the student doesn't open an account with FNB, the loan will be re-payable at prime plus 4%.

I want it!

Call us on +264 61 299 2222.

What do I need to do?

Visit any FNB Branch and complete and application. A decision in principle will be given by phone within 24 hours. Thereafter, we will collect the required information and prepare the final documents for your signature.

Contact Details

Contact your nearest FNB Namibia branch or nearest FNB Namibia branch or call us on +264 61 299 2222.