Calculate your student loan monthly payment, total interest, and payoff date. Supports NSFAS (South Africa), HELB (Kenya), and private education loans.
Student loan debt is a growing concern across Africa as higher education costs rise. In South Africa, NSFAS provides interest-free loans to qualifying students, making repayment more manageable. Kenya's HELB charges 4% annual interest with a 12-month grace period after graduation. Private education loans in Nigeria can carry rates of 15-25%.
NSFAS loans are interest-free (0%) and repayment begins when you earn above a threshold (approximately R30,000/year). You repay through salary deductions, typically 3-8% of income depending on your earnings bracket.
HELB can list defaulters with credit reference bureaus, making it difficult to get other loans. They can also seek court orders for salary deductions. It's best to negotiate a manageable repayment plan.