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Corppass administrator (Admin)
A Corppass admin has the authority by the RO to create Corppass accounts and manage access to digital services for that particular entity. Who can be a Corppass admin? The Corppass admin can be a person who manages Government-to-Business transactions on behalf of the company.
Example: Director of corporate services or any person that has been authorised by the RO.
Corppass Sub-Administrator (Sub-admin)
A sub-admin is a person who has been authorised by the Admin themself to assist with the managing of Corppass accounts on behalf of the entity. Sub-admin accounts can only be created by the admin, which do not require any kind of approval. The sub-admin can also create other accounts for users within that particular entity.
How to set up Corppass
To set up your Corppass, the entity has to appoint up to 2 Corppass Admins and follow 2 simple steps:
Step 1: Registration and approval
The appointed admin has to register for a Corppass admin account on the Corppass website here.
For Singapore registered entities: Your RO will have to approve the registration online by either using their Singpass or by using a Letter of Authorisation. At that time, your RO can choose to become an admin via an online registration that does not need approval.
For foreign-registered entities: You are required to show proof of entity registration and personal identification in your country. How can this be done? You need to upload your Business registration document and Identity document. From here, your online application will be processed by Corppass.
Step 2: Account creation
The admin can create other Corppass accounts and manager users access to digital services from there. Accounts that are created by the admin have to be activated in order to start transacting on behalf of the entity. This can be done by setting up Corppass IDs and passwords. The admin is responsible for managing and maintaining the Corppass accounts of an entity.
Watch the videos below to find out how you can activate your account for both Singpass holders and for non Singpass holders.
Next steps
If you are a Director/ Company Secretary and have a Singpass account, we do advise you to register and take up the role as a Corppass admin as this role allows access to transact with government agencies such as CPF, IRAS and more. If your company is new for example, 1 month old with both directors being foreigners, we can step in and take the Corppass admin role on your behalf. Do note however, if Sleek steps in, we can only grant up to the role of a sub-admin.
Related Resources
Student Loans in South Africa: How to Apply and What to Expect
For many young South Africans, accessing higher education is a dream that often comes with a financial challenge. Fortunately, several student loan optionsstrong> are available in South Africa to help fund university, college, or TVET studies. Whether you’re looking for a government loan like NSFAS or a private student loan from a bank, understanding the process is essential for success.
What Are Student Loans?
Student loans are a form of financial aid provided to eligible students to help cover tuition fees, books, accommodation, and other study-related expenses. In South Africa, these loans can come from government institutions like NSFAS or private banks such as Nedbank, Standard Bank, FNB, and Absa. Most loans offer repayment flexibility and low-interest options until you graduate.
Types of Student Loans in South Africa
- NSFAS (National Student Financial Aid Scheme): A government-funded loan/grant program for students from low-income households. Covers tuition, housing, transport, and meals.
- Bank Student Loans: Offered by most major banks. These are credit-based and require a guardian or parent as a co-signer.
- Private Loan Providers: Companies like Fundi offer educational loans covering various costs such as school fees, gadgets, and textbooks.
Requirements to Qualify for a Student Loan
Each provider has its own criteria, but most South African student loans require the following:
- Proof of South African citizenship or permanent residency
- Proof of registration or acceptance at a recognised tertiary institution
- Parent or guardian with a stable income to co-sign (for private loans)
- Completed application form with supporting documents (ID, proof of income, academic records)
How to Apply for a Student Loan
To apply for a student loan in South Africa, follow these steps:
- Identify your loan provider: Choose between NSFAS, a bank, or a private lender.
- Gather necessary documents: ID copies, academic transcripts, acceptance letters, and income statements.
- Complete the application form online or at a branch.
- Await approval: Some banks offer instant decisions, while NSFAS can take a few weeks.
- Receive disbursement: Funds are typically paid directly to the institution or your account, depending on the lender.
Loan Amounts and Repayment
The loan amount you can receive depends on your chosen lender and financial need:
- NSFAS: Covers full tuition, residence, books, and a personal allowance. The loan becomes a bursary if you pass all your courses.
- Banks: Can provide up to R120,000 or more annually, depending on tuition costs and credit history.
Repayment usually starts after graduation or once you start earning an income. Bank loans may require interest-only payments during your studies. NSFAS repayment only begins when you earn above a specific income threshold.
FAQs on Student Loans in South Africa
1. Can I apply for a student loan without a parent or guardian?
For government loans like NSFAS, yes. But most banks require a financially responsible co-signer, especially for students without an income.
2. Is NSFAS a loan or a bursary?
NSFAS starts as a loan, but it converts to a bursary if you meet academic performance requirements. This means you may not have to pay it back.
3. What is the interest rate on student loans?
Private banks offer competitive rates between 5% and 12%, depending on the applicant's credit profile. NSFAS charges a much lower interest rate, usually linked to inflation.
4. What happens if I fail my courses?
If you’re funded by NSFAS and fail, your loan won’t convert into a bursary, and you’ll need to repay the full amount. Banks may continue charging interest, and your co-signer may be held liable.
5. Can I use a student loan to pay for accommodation and laptops?
Yes. Both NSFAS and many bank student loans cover costs beyond tuition, including housing, meals, textbooks, and electronic devices like laptops or tablets.
Final Thoughts
Student loans in South Africa offer a much-needed financial lifeline to thousands of students every year. Whether you're applying through **NSFAS** or a private bank, ensure you understand the **terms, interest rates, and repayment conditions** before signing any agreement. Make informed decisions today to secure your academic and financial future tomorrow.