Get the best of educational funding with the Manatis student loan package that will allow you to access large amount of cheaper funds every year that you will have the financial requirements.
About – Manati
The Manatis student loan is the best alternative to short-term and personal loans, as it allows the applicants to realise the best by giving the sponsor a cheaper loan that can come with interest rates that will be as low as 3% per annum.
The Manatis company envision greatness out of the South African students, and this is why we support them with affordable and reliable student loans all times.
WHAT DOES MANATIS STUDENT LOANS OFFER?
The company offers a variety of low-interest student loans. The loans are issued only to the guardians of students who are enrolled with a registered tertiary institution in South Africa, or to students who have a regular monthly income.
The loans are available to all students despite their area of study, with the only exception that applicants will need to be a university to collect students within South Africa.
We aim to improve the financial muscle of the parents and guardians who strive to send their dependents for tertiary education, making sure that the students smoothly complete their studies.
HOW ARE THE MANATISA STUDENT LOANS REPAID?
Our student loans come with a similar repayment as that of personal loans and credit cards issued in South Africa. The applicants are expected to start the student loan repayment in a month after acquiring the loan.
The student loan repayment will take a form of monthly instalments that are directly siphoned from the bank account of the applicant using the direct debit system.
At all times, our student loan repayment terms will take the same period on which the course which is being financed take. That means, if you are on a four-year degree programme, the student loan repayment will take a maximum of four years.
HOW LONG DOES IT TAKE TO OBTAIN STUDENT LOANS WITH MANATIS?
The Manatis company have high considerations of the needs of applicants, and we know that for every student loan application that a client makes, there will be several factors which the applicant will be running towards. With this, we have made our student loan application an easy and faster process.
Our applicants can obtain student loans within three working periods, giving them an enhanced ability to catch up with various deadlines.
However, the student loan application will only be disbursed when the applicants meet the requirements in addition to having applications that are complete and accurate.
HOW MUCH DOES MANATIS STUDENT LOAN PROVIDE?
The Manatis student loans will allow applicants to obtain funds for all their educational requirements as they would have been shown on the invoices.
The student loans cover books, tuition, accommodation, meals and other related expenses that will be relevant to the institution where the applicant’s dependent learns. Manatis student loans will, however, consider the credit rating for each applicant, that means the loan you obtain will be dependent on your credit scores.
Our student loans seek to cover the students in all the educational requirements, and this is why we cover a variety of things, making sure that a student will have peace of mind.
DO STUDENTS GET CASH FROM STUDENT LOANS?
Unfortunately, the students will not get extra cash to fill their pockets during the studies.
The student loans are issued to the students, but funds are sent directly to the relevant tertiary institution. The loan will be made to cover all the requirements that the student might need during their studies. Also, making sure that there is little or no additional things that will require the student to fork out money.
The applicants should not be worried about excess amounts that might be left out between the loan amount and the actual expenses that Manatis pay the school. All the excess costs will be deducted from the loan amount, and you will have no interest obligations on it.
The student loan applicants need to be South African residents who are employed where they earn regular monthly income.
The income should be received through normal banking channel. The applicants should also be adults who are above the age of 18 years in addition to having good credit scores.
When applicants meet these, they will need to file applications on which they will submit the following documents
- A South African national identity document or Valid passport with a permit
- Three months’ stamped bank statement
- Proof of residential address that is not older than three months
- A student’s proof of registration with the relevant institution
- The applicant should be at least 18 yrs old
- Must be a South African citizen
- Must be employed and have proof of income
APPLYING FOR STUDENT LOANS AT MANATIS?
The student loan application is done online through the Manatis Student loans application portal that is accessed through the website.
The application is a short process that will require applicants to fill their personal and financial information before submitting the required documents, with that our clients will need to take a rest waiting for the positive notice from our consultants.