Finance your coding
education with a study loan.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

Start the CodeSpace application form, select “Apply for study financing”, follow the prompts and submit proof of income documents.

Once you have completed the application form, we will email you to let you know what financing options you are eligible for and link you to Student Hero (if eligible).

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.