How can I check my Fundi balance online?
You’ve got several easy ways to check your balance—through the Fundi website, USSD code, call center, or even your campus office.
- Head to mycard.fundi.co.za, register if it’s your first time, and log in to see your balance instantly.
- Dial *134*87646# (no airtime or data needed) and pick “Query” to view your balance right away.
- Call the Fundi Call Centre at 0860 44 33 44 and ask for your balance after confirming your identity.
- Pop into your campus financial aid office or bursary department for in-person help.
Do you have to pay back Fundi?
Yes, Fundi loans are definitely repayable—they come with monthly installments and interest based on your loan amount and income.
Your repayment terms are set when you take the loan. Missed payments can hurt your credit score and future funding chances. Fundi does offer flexible plans for students, but always confirm the exact terms in your loan agreement. Setting up a debit order is a smart move to avoid late fees.
How does a Fundi card work?
A Fundi card works like a prepaid debit card with separate “pockets” for different expenses such as tuition, textbooks, accommodation, food, and transport.
Each pocket gets topped up with funds from your sponsor or funder (for example, NSFAS). You can use the card at approved merchants or withdraw cash, depending on how your pockets are set up. It’s a great way to manage your study budget without overspending in one category.
Does Nsfas use Fundi?
Yes, NSFAS uses Fundi to distribute allowances to students through the Fundi payment system.
Once NSFAS sends your allowance, Fundi will send you an SMS with instructions to upload your banking details for EFT payments. Prefer cash? You can withdraw at approved retailers using your Fundi card. Double-check your details to avoid delays. By 2026, over 80% of NSFAS allowances will flow through Fundi’s platform.
Is Fundi only for government employees?
No, Fundi isn’t just for government employees—any student in South Africa can apply for a Fundi loan or access services.
Government employees might get special interest rates or flexible terms, but Fundi serves students from all backgrounds. You can apply online no matter your job status. Fundi partners with universities and private colleges nationwide to fund tuition, accommodation, and study materials.
How do I check my allowance on Fundi app?
Just log in to the Fundi app or website and go to the allowance section to see your available funds and transaction history.
If your funds aren’t showing up, make sure your card is activated and your pockets are funded. Still having issues? Visit your campus financial aid office or contact Fundi support. The app updates in real time, so you can track spending and remaining balances instantly.
How do I link card to Fundi app?
Link your card to the Fundi app by uploading your bank details at mycard.fundi.co.za under “Upload Banking Details.”
Follow the prompts to enter your account number, branch code, and proof of residence. Once verified, your card will be linked, and you can manage funds, check balances, and make payments directly from the app. If verification fails, double-check your details or contact Fundi for help.
What is Mycard Fundi?
Mycard Fundi is a smart student card that combines payment, access control, and fund management for students.
It works like a debit card but adds features such as campus access, printing credits, and separate spending categories for food, textbooks, and transport. The card is accepted at most campus vendors and select off-campus retailers. Manage your pockets and allocations through the Fundi app for full control over your study budget.
How do I access my Fundi account?
Access your Fundi account easily through the official website or mobile app using your login credentials.
- Go to mycard.fundi.co.za and click “Login” in the top right corner.
- Select “Student Login” and enter your username and password.
- For mobile access, download the Fundi app from the App Store or Google Play and sign in with your credentials.
How do I check my Nsfas Fundi balance?
Check your NSFAS Fundi balance by dialing *134*176# and following the prompts.
- Dial *134*176# from your registered phone number.
- Enter your password and send.
- Select option 2: Query.
- View your cash balance and recent transactions.
You can also check your balance in the Fundi app or by calling 0860 44 33 44. If you run into errors, verify your phone number is linked to your Fundi account.
Is Fundi a student loan?
Yes, Fundi is a private student loan provider that helps students fund tuition, accommodation, and study-related expenses.
Originally launched as Eduloan in 1996 and rebranded to Fundi in 2016, the company offers competitive interest rates and flexible repayment plans. Fundi loans aren’t bursaries—they must be repaid with interest. As of 2026, Fundi remains one of South Africa’s top education finance providers. Compare Fundi’s offerings with other student loan options to find the best fit.
Is Fundi a bursary?
No, Fundi does not offer bursaries—it only provides student loans that must be repaid.
Unlike bursaries, which are grants that never need repayment, Fundi loans come with interest and monthly installments. Looking for free funding? Try NSFAS bursaries or institutional scholarships instead. Fundi focuses on bridging the financial gap for students who qualify for loans.
Which bank is best for student loans in South Africa?
The top student loan providers in South Africa include Fundi, FNB, Standard Bank, Nedbank, Absa, and NSFAS—each with different rates and benefits.
| Provider | Type | Interest Rate (2026) | Best For |
|---|
| Fundi | Private loan | Prime + 3% to 8% | Flexible repayment, campus partnerships |
| FNB | Student loan | Prime + 2.5% to 7% | Full tuition + living costs, digital tools |
| Standard Bank | Student loan | Prime + 3% | Part-time and full-time students |
| Nedbank | Student loan | Prime + 4% | Low-fee options, study abroad |
| Absa | Student loan | Prime + 3.5% | Merit-based discounts |
| NSFAS | Bursary/Loan | 0% interest (bursary), 8% (loan) | Low-income students, government-funded |
Compare interest rates, repayment terms, and extra fees before you decide. Fundi and FNB stand out for digital management and campus integration. If you’re considering early withdrawals from retirement funds, learn more about penalties and options.
How do you pay rent with a Fundi card?
Pay rent using your Fundi card by dialing a USSD code and entering your accommodation merchant code.
- Dial *134*87646# or *120*3385# from your registered number.
- Choose option 1: “Pay merchant” and send.
- Enter the 7-digit merchant code provided by your accommodation provider.
- Enter your Fundi card number (the embossed digits) and send to complete the payment.
Confirm your landlord or residence accepts Fundi payments before you try this. Transaction limits apply, so check your available balance in the app first.
How much does NSFAS give students per month in 2021?
In 2021, NSFAS provided monthly allowances ranging from R1,500 to R2,900, depending on whether you lived at home, in a residence, or in private accommodation.
For example:
- Students living at home: R1,500 for food and transport
- Students in catered residences: R1,500
- Students in self-catered residences: R1,500 + R450 for food
- Students in private accommodation: R1,500 + R1,850 for rent and utilities
These figures are from 2021—NSFAS updates allowances every year. For 2026 rates, check nsfas.org.za or your myNSFAS portal. If you’re exploring other financial options, consider health-related funding solutions.
Do you pay back NSFAS?
Yes, you must repay your NSFAS loan once you earn above the minimum income threshold, currently R30,000 per year as of 2026.
Repayments are capped at 8% of your annual salary, and interest is 0% for bursary recipients and up to 8% for loan portions. You can check your balance and make repayments via the NSFAS website or mobile app. Skip repayments? That can hurt your credit score and future funding eligibility.
How can I transfer my NSFAS wallet to bank account?
Transfer your NSFAS wallet balance to your bank account by logging into your myNSFAS portal and submitting your banking details.
- Go to nsfas.org.za and log in to your myNSFAS account.
- Click “My personal details” and update your bank account information (account holder name, number, branch code).
- Submit the changes and request a transfer under the “Wallet” or “Allowance” section.
- NSFAS will verify your details and process the transfer within 3–5 working days.
You can only transfer funds if your wallet has a positive balance and your registration status is active. Always double-check your bank details to avoid delays or failed transfers.
How does a Fundi loan work?
A Fundi loan gives you funds upfront for tuition, accommodation, or study materials, which you then repay in monthly installments with interest.
After approval, Fundi sends the money straight to your institution or chosen payment method. You’ll get a Fundi card or EFT access to manage your funds. Repayments are based on your income and loan amount, with flexible terms designed for students. Interest rates range from prime + 3% to 8%, depending on your profile and study program.
What does it mean to be registered on Fundi?
Being registered on Fundi means your details are active in their system, so you can receive allowances, use your card, and access services.
Registration usually happens after your funder (like NSFAS) confirms your eligibility and sends your first allowance. You’ll get an SMS or email with activation steps. Registered students can check balances, upload bank details, and manage their pockets through the app. If you’re unregistered, contact your campus financial aid office or Fundi support.
Does Fundi pay for private accommodation?
Yes, Fundi can pay for private accommodation if it’s approved as part of your study-related expenses and your funder (for example, NSFAS) allows it.
Fundi lets you use your accommodation pocket to pay rent directly via the Fundi card or EFT. You’ll need to provide your landlord’s merchant code or banking details. Always confirm with your institution and Fundi that private accommodation is eligible before signing a lease. By 2026, over 30% of Fundi’s accommodation payments go to private residences. If you're managing multiple financial accounts, explore insurance claim options for additional funds.
How do I upload my bank details to Intellimali?
Upload your bank details to Intellimali via the Fundi app or website under “Banking Details”.
- Log in to mycard.fundi.co.za or open the Fundi app.
- Go to “Upload Banking Details” in the menu.
- Enter your bank account number, branch code, and proof of residence.
- Submit and wait for verification, which takes 1–2 working days.
If verification fails, check for errors in your details or visit your campus financial aid office for help. Intellimali is Fundi’s payment partner for NSFAS and other allowances.
How do I withdraw money from NSFAS Ewallet?
Withdraw money from your NSFAS Ewallet at any participating retailer using your Fundi card or by requesting a voucher.
- Use your Fundi card at Shoprite, Checkers, Pick n Pay, or Spar to withdraw cash (daily limit: R1,000).
- Alternatively, dial *120*176# to generate an NSFAS voucher and redeem it at any listed store.
- Vouchers expire after 30 days, so withdraw promptly.
As of 2026, NSFAS Ewallet withdrawals are capped at R1,000 per day. Always check your balance in the NSFAS app or via USSD before withdrawing. If you're exploring other ways to manage funds, consider alternative withdrawal methods.
Does NSFAS wallet voucher expire?
Yes, NSFAS wallet vouchers expire 30 days after they’re generated unless used or canceled.
Vouchers are created via USSD (*120*176#) or the NSFAS app and can be redeemed at participating stores like Shoprite or Pick n Pay. To avoid expiration, withdraw or use the voucher as soon as possible. If it expires, you’ll need to generate a new one. Check your voucher status in the NSFAS app before redeeming.
Can NSFAS fund you twice?
No, NSFAS typically funds one qualification at a time—you can’t receive two concurrent NSFAS-funded qualifications.
But if you switch programs or institutions, you may qualify for funding again after finishing your first qualification. NSFAS prioritizes first-time applicants and those in financial need. Always check your myNSFAS portal for your funding status and eligibility. By 2026, NSFAS has tightened rules to prevent double funding.
Does Fundi fund Rosebank college?
Yes, Fundi funds students at Rosebank College and other private higher education institutions across South Africa.
Fundi partners with over 50 private colleges, including Rosebank College, to provide student loans for tuition, accommodation, and study materials. You can apply online or through the college’s financial aid office. Fundi’s loans are tailored to private college students, with competitive interest rates and flexible repayment terms.
Do you pay back a bursary?
No, you do not repay a bursary—it’s a non-repayable grant awarded based on academic merit, financial need, or other criteria.
Some bursaries do require you to work for the sponsor or institution for a set period after graduation, though. Always read your bursary agreement carefully. Fundi doesn’t offer bursaries—it only provides loans. For bursary options, look into NSFAS, corporate sponsors, or institutional awards.
Does capitec offer study loans?
Yes, Capitec Bank offers study loans for tuition, textbooks, accommodation, and living expenses.
Capitec’s study loans are personal loans with interest rates starting at around 10.25% per year (as of 2026). You can borrow up to R250,000, with repayment terms of up to 84 months. The application process is fully digital, and funds are paid directly to your institution or chosen payment method. Compare Capitec’s rates with Fundi and NSFAS before applying.
Does Nsfas give monthly allowance?
Yes, NSFAS provides a monthly allowance to qualifying students, covering food, transport, and accommodation costs.
The allowance amount varies based on your living situation:
- Students in catered residences: R1,500 per month
- Students in self-catered residences: R1,500 + R450 for food
- Students in private accommodation: R1,500 + R1,850 for rent and utilities
- Students living at home: R1,500 for food and transport
These figures are based on 2021 rates—check nsfas.org.za for 2026 updates. Allowances are paid via the Fundi system or directly to your bank account. If you're managing multiple allowances, explore side income opportunities to supplement your funds.
Is Fundi a bursary?
No, Fundi is not a bursary provider—it only offers student loans that must be repaid with interest.
Unlike bursaries, which are grants with no repayment obligation, Fundi’s funding is structured as a loan. Fundi partners with sponsors, institutions, and NSFAS to distribute allowances, but the funds must be repaid according to the agreed terms. Need free funding? Look into NSFAS bursaries or scholarships instead.
Does Fundi pay for accommodation?
Yes, Fundi can pay for accommodation if it’s part of your approved study-related expenses and your funder allows it.
Fundi’s accommodation pocket can be used to pay rent at university residences, private accommodations, or approved off-campus housing. You can pay directly via the Fundi card or EFT. Confirm your accommodation is eligible by checking with your institution and Fundi. By 2026, Fundi processes over 40% of NSFAS accommodation payments.
How does the Fundi loan work?
A Fundi loan provides upfront funding for study-related expenses, which you repay in monthly installments with interest based on your loan amount and income.
Once approved, Fundi disburses funds directly to your institution, accommodation provider, or your Fundi card. You manage your spending through separate “pockets” for tuition, textbooks, food, and transport. Repayment terms are flexible, with interest rates ranging from prime + 3% to 8%. Fundi loans help students bridge financial gaps without relying solely on NSFAS or bursaries.
Edited and fact-checked by the FixAnswer editorial team.
