In order to meet your school's cost of attendance, it's important for you to have some savings. We also recommend having some non-debt funding - this can take the form of scholarships or sponsorships.
Which documents can be used as proof of savings?
- Bank statement (a screenshot of your internet banking page is also acceptable).
- Bank letter.
- Investments statement.
- Provident fund statements.
- Mutual fund statements.
- Family provident fund statements. (We'll also need a letter confirming that the funds from the family provident fund can be withdrawn at any time. The letter must also state the amount or percentage which can be withdrawn and must confirm if there are any withdrawal fees).
- Payments or deposits already made to your school. (We'll also need an invoice from the school with the accompanying bank statement showing the outgoing payment from your account or a screenshot of an email from your school confirming the amount that has been paid).
- Proof of your internship salary offer.
- Contributions from family and friends. (You'll need to upload a financial support form which can be found in your savings task on your dashboard. The financial support form needs to be uploaded with your contributor’s bank statement or investment statement).
What should your proof of savings include?
- Your name and surname.
- Bank account balance or current value of investments.
- Bank logo (for a bank statement).
- A date not older than 90 days.
Which documents can't be used as proof of savings?
- Car papers.
- Real estate or property documentation.
- Gold ornaments.
- Credit card statements.
A tip about language translation and currency conversion:
Providing us with certified English copies of your documents will help speed up the application process.
If your documents are in your local language, our in-house servicing team will be able to translate and currency convert your documents, but in the rare instance where a translation is required, we'll let you know.