To qualify you must be a natural legal person living in a country that allows students to take out study loans. The loan can be in the name of:-

• A parent who has proof of income
• A sponsor or guardian, who has proof of income
• A part-time student, who has proof of income or a parent/sponsor/guardian, who has proof of income

Yes, an IBAC  study loan can be taken out for each course of study at BAVarsity.

• IBAC finance both undergraduate and postgraduate qualifications studied at BAVarsity – 
• You can apply for a minimum amount of R30 000
• The IBAC study loan will only cover one course’s tuition fees. You will need to re-apply the following year if you proceed with your studies at BAVarsity and complete another course.
• An IBAC  study loan is awarded based on each customer’s risk and affordability

• A valid Identification Document/Passport Document from the country you reside in
• Proof of residential address such as a utility bill
• Proof of study in the form of a registration email address at www.bavarsity.org (You must register  at BAVarsity and use the same Email address to apply for your IBAC student loan)
• For second and subsequent courses of study at BAVarsity, proof of the previous years’ academic results to ensure student is permitted to continue studies.

• You can opt to make capital and interest repayments or;
• You can repay interest only for a period of 12 months (the first year).

When topping up an existing IBAC study loan, you may repay interest only for a further 12 months.

Get a Credit Protection Plan

• Be prepared for the unexpected and have peace of mind knowing you are covered. The Credit Protection Plan will cover you in case of death, disability, critical illness or retrenchment. You can get cover to protect your loan or facility with IBAC-Standard.org or IBAC-Standard.com. 

www.IBAC-Standard.org

www.IBAC-STandard.com