Do you need a bank account for NSFAS? Archives - Education, insurance and loans https://nsfasapply.com/tag/do-you-need-a-bank-account-for-nsfas/ Tue, 15 Nov 2022 15:06:11 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 https://i0.wp.com/nsfasapply.com/wp-content/uploads/2025/09/cropped-NSFASAPPLY.COM_.png?fit=32%2C32&ssl=1 Do you need a bank account for NSFAS? Archives - Education, insurance and loans https://nsfasapply.com/tag/do-you-need-a-bank-account-for-nsfas/ 32 32 248524355 Nsfas Account Details 2023-2024 https://nsfasapply.com/nsfas-account-details/ Tue, 15 Nov 2022 15:06:11 +0000 https://nsfasapply.com/?p=114 Nsfas Account Details 2023-2024 Nsfas Account Details 2023-2024 Nsfas Account Details 2023-2024: All students who received an NSFAS loan before the president’s announcement of free education in December 2017 need to repay the loaned amount as per the signed loan agreement form. NSFAS banking details are for payments of the National Student Financial Aid Scheme… Read More »

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Nsfas Account Details 2023-2024

Nsfas Account Details 2023-2024

Nsfas Account Details 2023-2024: All students who received an NSFAS loan before the president’s announcement of free education in December 2017 need to repay the loaned amount as per the signed loan agreement form. NSFAS banking details are for payments of the National Student Financial Aid Scheme (NSFAS) bursary loan. Students who are ready to repay their NSFAS loan are to pay them into the provided NSFAS bank account details. The management of NSFAS entreats all students to make payments of loans and any other fees to the NSFAS bank account. This article has therefore made sure that you get to know the banking details for NSFAS loan repayment.

 

Debit Order

If you don’t want to worry about remembering to pay your NSFAS loan every month, this is a good option for you. Just complete the electronic debit order form and submit it. Or Complete this form and email it back to collections@nsfas.org.za The debit order payment is automatic as long as there is money in your debit account. With this payment method, you’ll need to complete the NSFAS Debit Order Form and submit it to the National Student Financial Aid Scheme.

Electronic Funds Transfer (EFT)

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 Deduction

This is one of the simple payment methods for paying back your NSFAS loans on a monthly basis because you only need to provide the NSFAS bank account details to your employer and they’ll pay to NSFAS directly, in your name or records in the NSFAS. Your employer can make deductions from your income and pay it over to NSFAS.  Download the employer deduction form Print and complete the form and submit it to your employer.

 

NSFAS is added as a predefined beneficiary at the following banks:

Nsfas Account Details: standardbank  captitech fnb absa

Just look for “NSFAS” in their list of beneficiaries

 

RELATED LINKS

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