Michelle Branco, chief commercial and marketing officer at Eduloan, says students at False Bay College can now enjoy affordable repayments when they take out a study loan. Eduloan fills the gap between the state-funded National Student Financial Aid Scheme and commercial banks.
Eduloan also has agreements with the Eastern Cape-based Buffalo City FET College, Taletso FET College, Vuselela FET College based in the North West Province and the College of Cape Town, as well as 22 universities and universities of technology in South Africa. "We aim to make education accessible and affordable to all South Africans," says Branco.
Eduloan also has a unique offering that makes study loans for more accessible for employees who work for organisations that enter into a corporate salary deduction agreement. This agreement allows the employee to apply for study loans, either for themselves or any of their dependants. It also enables the organisation to keep repayment terms affordable and to help even those that have poor credit ratings or who have been declined by other loan providers to obtain a study loan.
