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What do I need to include in my proof of savings?

  • Updated

We'd need to see that the funds being used for your studies are readily available. 

a) Personal Savings:

For proof of personal savings, we will accept the following documents in non-editable PDF format such as PDF, JPEG, PNG or JPG:

  • Bank Statement 
  • Bank Letter 
  • Fixed Deposits
  • Pension Fund Statement
  • Proof of Internship Salary or Part-Time Employment
  • Provident Fund Statement. This is an investment fund contributed to by employees, employers, and (sometimes) the state, out of which a lump sum is provided to each employee on retirement or at the end of employment with the company.

If you use a Pension Fund Statement, Provident Fund Statement or a Fixed Deposit as your proof of savings, remember to upload a withdrawal letter which states the value that will be sent to your bank account after fees and taxes. 

b) Payments or deposits made to your school:

If you have already made a payment or deposit to your school, then we can add this amount to your savings. We will need the invoice/statement from the school or a screenshot of an email from your school confirming the amount that has been paid.

c) Contributions from friends or family:

For contributions from friends or family, the following documents are accepted along with a financial support declaration form:

  • Bank Statement 
  • Bank Letter 
  • Fixed Deposit Slips
  • Pension Fund Statement
  • Provident Fund Statement. This is an investment fund contributed to by employees, employers, and (sometimes) the state, out of which a lump sum is provided to each employee on retirement or at the end of employment with the company.

If you use a Pension Fund Statement, Provident Fund Statement or a Fixed Deposit as your proof of contributions, remember to upload a withdrawal letter which states the value that will be sent to your bank account after fees and taxes.  

What do I need to include in my proof of savings document?

  • Your name and surname
  • The name of the financial institution
  • Bank account balance or the current value available for immediate withdrawal
  • The document must not be older than 90 days from the date of upload

What do I need to include in the financial support declaration form?

  • The contributor’s name and surname
  • The contributor needs to confirm the amount that will be provided to the student
  • The contributor needs to state the student's name
  • The contributor needs to state the school that the student will be attending
  • The contributor needs to indicate on the form if the contribution is a gift or a loan
  • The contributor also needs to sign the financial support form
  • The contributor needs to state their full contact information
  • We will require the contributor to complete this form so you can upload it to your dashboard in addition to providing their bank statements

Which documents can't be used as proof of savings?

  • Investment statements (for example: stocks and equity)
  • Car papers
  • Real estate or property documentation
  • Gold ornaments
  • Personal credit card statements

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