NSFAS Banking Details for 2025
Welcome to the NSFAS Banking Details page for 2025. You are about to see all the information about the NSFAS Banking Details and payment methods for 2025.
NSFAS banking details are a critical aspect of the National Student Financial Aid Scheme. It includes information on the bank accounts, financial instruments, and other banking products used to manage financial affairs of NSFAS. In this article, we will explore the NSFAS Banking Account, its importance and other ways that NSFAS loan repayment can be done.
Before the president announced free education in December 2017, all students who got NSFAS loans were required to repay the loaned sum in accordance with the terms of the loan agreement form.
The authorities of NSFAS entreats all beneficiaries who took the loan before the date above to make payments of loans and any other fees to the NSFAS Bank Account. Find the various Banking Details below.
The Importance of NSFAS Banking Details
The main importance of the banking details is to ensure smooth transaction between NSFAS beneficiaries before December 2017, companies in partnership with NSFAS or any NSFAS debtor. The banking details provide official medium for making payments.
The NSFAS Banking Details for Repayment in 2025
The NSFAS has three main ways that repayment of funds can be made. They are:
Electronic Funds Transfer (EFT)
If you would like to do an EFT each month these are our bank details.
Name of Account: NSFAS
Branch Code: 210554
Bank: First National Bank
Account Number: 500 600 28203
Please use your ID Number (6711165000000) as a reference when making payments
NSFAS is added as a predefined beneficiary at the following banks: Standard Bank, ABSA, CAPITEC and FNB. Just look for “NSFAS” in their list of beneficiaries.
Debit Order
If you don’t want to worry about remembering to pay your NSFAS loan every month, this is a good option for you. Just complete the electronic debit order form and submit it. Complete the form and email it back to collections@nsfas.org.za
Salary Deduction
Your employer can make deductions from your income and pay it over to NSFAS. Print and complete the form and submit to your employer.
Please keep in mind that the NSFAS is intended to offer financial aid to students, so they can cover the cost of their accommodation, books, travel and tuition expenses. The purpose of receiving funding from the NSFAS should be to cover the student’s living expenses.
Contact NSFAS
Click on the see the NSFAS Contact Details.
Also, you can reach out to NSFAS for general, student and NSFAS Wallet enquiries
Tel No.: 08000 67327
Email: info@nsfas.org.za
Physical Address: The Halyard, 4 Christiaan Barnard St, Cape Town City Centre, Cape Town, 8001