Financing your studies with CodeSpace

Access the funding and support you need to train as a Software Developer. Apply for financing to fund your studies at CodeSpace so you’re able to launch your career in tech.

1

Easily apply for a study loan.

  • You or your sponsor need an SA ID and bank account.
  • You need to have a minimum household income of R7000/m.
  • Foreign students need a valid study permit.
2

Get financing for your tuition fees
to study Software Development at CodeSpace. You can also finance a laptop if you need one.

3

Make affordable repayments.
Pay monthly instalments of R1500 - R2500* while you study.

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

Study Loans

Apply for a
study loan.

A study loan allows you to pay for your studies over time in installments.

Personal Bank Loan

You can apply for a study loan directly through your bank. Once you register for your CodeSpace course, we will send you a registration letter that you can use when applying at your bank.

Aggregated Bank Loan

If you don’t qualify for a personal bank loan, you can apply for an aggregated study loan through our financing partner, Student Hero. They make collective applications to banks, which lowers the requirements to receive a loan.

To apply, you must have a household income of at least R7000, or if you are not earning yourself you can apply with a sponsor who can prove a steady income of at least R7000. You or your sponsor must have a South African bank account and a South African ID. Your repayments can be as little as R1500 - R2500 per month, depending on your unique offer.

Student Applying

Our simple
application process



Start the CodeSpace application form, select "Apply for study financing."


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 loan 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 household income of at least R7000.


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 the cost of a laptop (up to R20,000).


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 monthly instalments of R1500 - R2500* while you study.


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

FAQ

What requirements must I meet to apply for a loan?

You or a sponsor must have a South African bank account and a household income of at least R7000 per month to qualify for a loan. However, the higher the loan amount, the higher your income must be.

What is a sponsor?

A sponsor is a person who will be paying the loan instalments during your studies if you cannot pay them yourself. A sponsor can be your parent or anyone else who is 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 for repayment of a study loan depend on the credit score and affordability. The interest rate is generally between prime (7%) and 17% (prime +10%).

Each funder has a unique qualifying criterion that mainly considers your or your sponsor’s credit score, amongst other factors.

How long is the repayment term, and when do I start repayments?

The term to repay a study loan can be up to 60 months, however most loans are between 12 - 24 months. You or your sponsor start repaying the loan when you start your studies.

What if I don't qualify for a traditional loan?

Student Hero also explores funding from alternate student funders. The alternate funding providers are more lenient with their qualifying criteria, but their loans do not have an interest-only period.

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 pre-qualification.

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.

What does the study loan cover?

A study loan can cover tuition fees (including registration fees), the cost of prescribed textbooks, and special equipment or gear you may need to study (for example, your laptop).

Full-time students who are not living with family can also include the cost of accommodation. To apply for accommodation funding, you will need to provide proof of the cost of the accommodation, in the form of a quotation from a real estate agent.

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

Is a laptop covered by my study loan?

You can choose to finance any laptop up to a maximum of R20,000 as part of your loan. Let us know if you'd like to include this in your study loan quote to Student Hero, and we'll add the recommended laptop to your quote.

What type of laptop will I need?

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 X515 i5-1135G7 8gb 512gb 15.6 inch. We can assist you in submitting a quote for your laptop once you have started your registration.

Get in touch.

Chat to our admissions team! We’re here to answer all your questions and set you on the right track to success!