Finance your coding
education with a study loan.


Learn to code and join the ranks of South Africa's top earners. Use an affordable study loan to finance your coding education to pursue the tech career you desire.

Apply for a
Study Loan for our Software Development Course


Don't let finances get in the way of pursuing your coding career dreams.

1

Easily apply for a study loan.

  • You or your sponsor need an SA ID and bank account.
  • You need to earn a minimum income of R7000/m.
2

Get financing for your tuition fees
to study Software Development at CodeSpace, campus fees, and a laptop.

3

Make affordable repayments.
Pay R450/m* while you study and R1300/m* once you graduate.

* These numbers illustrate usual repayments. Your unique offer will depend on the information you submit during your loan application.

Our simple
application process


Fill out the CodeSpace registration form, and we’ll take it from there

  • Choose either the full-time or part-time Software Development option.
  • Select I'D LIKE TO APPLY FOR A LOAN FOR MY STUDIES.
  • Submit proof of income documents.
  • Complete the registration form.

At the end of the CodeSpace registration form, we will link you to the Student Hero loan application form, which you must complete alongside a CodeSpace admissions advisor. Book a slot here.


If you prequalify, Student Hero will contact you to help you complete the funding application.


Once your loan application has been approved, Student Hero pays your fees on your behalf to CodeSpace, and you will be able to enrol as a CodeSpace student.

Study loan requirements


To apply for a study loan through Student Hero, you or your sponsor must have a steady income of at least R7000. You or your sponsor must have a South African bank account and a South African ID.


What the study loan covers


A study loan through Student Hero covers your tuition to study Software Development at CodeSpace. You can also request financing for your campus fees and the cost of a laptop (up to R 20,000).


Transport costs and an allowance are not included in a study loan application.


Repaying your study loan


A loan should free you to concentrate on your studies without financial worries. That's why Student Hero makes repayments affordable. Pay R450/m* while you study and R1300/m* once you graduate.


* These numbers illustrate the usual repayments. Your unique offer will depend on the information you submit during your loan application.

The benefits of getting a study loan



A loan is a tool to help you achieve your study dreams and goals. Here are some of the benefits of learning to code using a study loan:

  • A loan makes education accessible to you, no matter your background.
  • A loan will allow you to focus on your studies without worrying about the stress of immediate financial obligations.
  • A loan can help you pay education-related expenses like a laptop, textbooks, and even accommodation.
  • A loan can improve your credit score when handled correctly and open the way to better financial opportunities in the future.
  • A loan can be taken out to avoid using your savings so you can still access them in an emergency situation.
THE CORE PROGRAM

Software Development

Take the most direct route to starting your career in tech. Our core program equips you with mastery and fluency in fundamental software development concepts that will be your foundation for success.

6 - 12 MONTHS FULL-TIME /
PART-TIME
ONLINE

FULL-TIME DATES
14 October 2024
PART-TIME DATES
2025
LOCATION
Online (campus access add-on available)

study-loan-earning-potential

Boost your earning potential by learning to code.


When you learn to code, you can grow your earning potential exponentially.


CodeSpace graduates between the ages of 19 and 24 with no prior work experience or tertiary education typically enter the market earning between R10 - R25,000/m and grow their earnings to between R18,000 and R38,000/m over 3 years.


If you have existing work experience or qualifications, those factors will positively influence your future earning potential. By adding software development skills to your toolkit, you can grow your career and boost your earning potential even more.


In the tech industry, work experience has a far more significant impact on your earning potential than your qualifications. If you put in the work to learn from more experienced developers in your team, focus on refining your skillset, and commit to continuous learning, you'll be on your way to becoming part of the top 2% of South African earners.

Our Cape Town Campus Experience


Experience what it's like to study in a simulated tech startup at our Woodstock campus. If you thrive in a more structured environment and require face-to-face interaction, our campus experience is for you.


You can supplement your online learning by joining your peers on campus two days a week. With a personal workstation, you'll be free from the distractions of learning from home.


You'll have plenty of opportunities to build community and create connections that'll last throughout your tech career, like joining on-campus study sessions and enjoying discounted meals and coffee around the lunch table. When you need a little extra help on a tricky coding problem, you'll have access to our dedicated campus support team and the diverse perspectives your peers have to offer.

codespace-campus learn-to-code-study-loan-1 learn-to-code-study-loan-2

Get started



FAQ

Is a study loan for me?

A loan is a tool to help you achieve the education you need to have the career you want. A loan can help you pay education-related expenses, including tuition, campus access, laptop, and even accommodation.

A loan will allow you to focus on your studies without worrying about the stress of immediate financial obligations. Take out a loan to avoid using your savings. This means you still have access to your savings in an emergency situation.

If a loan is handled correctly, it can improve your credit score and open the way to better financial opportunities in the future.

How much income must I have to qualify?

You need to earn a small but steady income of at least R7000/m that is reflected in an SA bank account and a South African ID. If you don't earn enough, you can apply with a sponsor who can prove a steady income.

Can I get a loan if I'm from somewhere other than South Africa?

An aggregated study loan is a fantastic option for funding your studies if you're a foreign national living in South Africa. If you are a foreign national, you will need a sponsor or co-signer with a South African ID and bank account to apply alongside you.

What is a sponsor?

A sponsor is a person who will pay the loan instalments during your studies if you cannot pay them yourself. A sponsor can be your parent or anyone willing to support you with the loan application.

What is the interest rate, and how is it determined?

The interest rate and the term offered to repay a study loan depend on the credit score and affordability. The interest rate is generally between prime (7%) and 17% (prime +10%).

You will be offered a lower interest rate if you or your sponsor has a good credit score and a reliable income.

How much are my repayments while I am studying?

While studying (6-12 months), you only have to pay the interest on the loan amount. Your repayment amounts during your studies depend on the interest rate you are offered.

For example: If you borrow R50 000, the 10% interest will amount to R5000 per year and be payable in 12 monthly instalments. R 50 000 x 10% = R 5 000 /12 months = ± R450 p/m during the year of study.

How much will my repayments be when I graduate?

You'll have the loan's term to repay the borrowed amount, plus interest, after the year of study. ± R 1300 p/m*.

*This number is illustrative of usual repayments. Your unique offer will depend on the information you submit during your loan application

What does the study loan cover?

A study loan through Student Hero covers your tuition to study Software Development at CodeSpace. You can also request financing for your campus fees and the cost of a laptop (up to R 20,000).

Transport costs and an allowance are not included in a study loan application.

What laptop can I get?

You can choose to finance any laptop up to a maximum of R20,000 as part of your loan.

Your laptop specs have to meet the following requirements:

  • An older i5 with 8GB RAM
  • A newer i3 with 8GB RAM
  • 1 Terabyte SSD or 500GB

We recommend the ASUS VIVOBOOK I3-1220P 15.6 FHD INCH DDR4 8GB 1TB SSD. We can assist you in submitting a quote for your laptop once you have started your registration.

How long will it take for my alternative loan to be approved?

Once you have completed the form and sent us the required documents, it will take about 24 hours to give you the outcome of the prequalification.

If you or your sponsor qualifies and elects to apply for a study loan, we will send the complete application to a funding provider for consideration. Approved loans can take about 4-7 days to finalise, so please be swift when we request additional information from you.

Please note that this process takes longer if you are a foreign national living in South Africa.

When must I start my application?

You need to finalise your loan application before you can complete your CodeSpace registration. Registration closes 3 weeks before the course start date.

Allow at least one week to finalise a loan application. This means you should apply at least one month before the course start date, but ideally 6-8 weeks before.

*It is possible to apply quicker, but you will receive a higher interest rate.

What is the application process?

Fill out the CodeSpace registration form.

Your laptop specs have to meet the following requirements:

  • Choose either the full-time or part-time Software Development option.
  • Select I'D LIKE TO APPLY FOR A LOAN FOR MY STUDIES.
  • Submit proof of income documents.
  • Complete the registration form.

At the end of the CodeSpace registration form, we will link you to the Student Hero loan application form, which you must complete

If you prequalify, Student Hero will contact you to help you complete the funding application./p>

Once your loan application has been approved, Student Hero pays your fees on your behalf to CodeSpace, and you will be able to enrol as a CodeSpace student.