NSFAS Banking Details 2023/2024
How do I apply for a bursary at NSFAS, NSFAS Banking Details 2023/2024
Many students now consider the NSFAS to be their lifeline. This has been the only source of hope for South African pupils from disadvantaged backgrounds. Since a percentage of the NSFAS disbursements is labeled as a loan, students are required to repay them as soon as they have finished their studies and started to earn a consistent income. Your prompt repayment of these loans will guarantee the program’s viability and enable it to be prepared to help further students who might require financial aid. The following information about NSFAS bank details should be useful when paying back your NSFAS debts.
NSFAS Banking Details
Electronic Fund Transfer
- If you would like to do an EFT each month these are our bank details.
- Name of Account: NSFAS
- Branch Code: 210554
- Bank: First National Bank
- Account Number: 500 600 28203
- Please use your ID Number (6711165000000) as a reference when making payments
Salary Reduction NSFAS
Your employer might deduct money from your pay and send it to NSFAS. After printing, filling up, and submitting the document to your employer.
Africa Direct Life, a registered Financial Service Provider (FSP 45834), has a contract with NSFAS to assist NSFAS beneficiaries to begin repay their loans.
It is a privilege for The ARA Group to work with NSFAS. Through this partnership, ARA will successfully support beneficiary repayment by utilizing its collections and revenue management experience, enabling the NSFAS loan’s “pay it forward” principle.
NSFAS Bursaries Can I Transfer To A Bank
Can you deposit financial aid funds into your bank account? You cannot deposit money from your wallet into a bank account. Your money is loaded into your wallet after which you create a cash voucher. Once there, you can get cash from a participating store by showing the certificate. How are the terms of my loan’s interest determined? The current interest rate for this fiscal year is 4.2%.