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CIPC Banking Details and How To Make a Payment To CIPC
Creating a virtual CIPC account
To be able to transact with CIPC, customers need to register as a customer. When registered, a virtual account is automatically created in the name of the customer.
Money need to be deposited into their CIPC virtual account (using the customer code as reference for depositing money) before transacting with CIPC. All prescribed disclosure and lodgment fees that are applicable will be deducted from your virtual account
Payment options
IMPORTANT: when depositing money into the CIPC account, please ensure that the reference number is clearly indicated, to enable CIPC to allocate the funds to the relevant Customer Account.
The following payment options exist:
- Introducing additional payment method. Customers will be allowed to use Debit and Credit cards payments for Annual Returns transactions ONLY
- Only 3D secure enabled cards will be accepted. Please note that Visa and Master Cards only
Electronic deposit (EFT)
You only need to quote your customer code in the reference field. The date and sequence number are not required.
- Any ABSA bank
- You need to quote your customer code
- The deposited amount will be reflected within one hour of being deposited
- Any other bank
- Allow 2-3 days for funds to be allocated. Customers are strongly advised to deposit money at an ABSA bank as it ensures that the deposited money is reflected in the customer’s account within an hour.
- Customers need to enquire from their Financial Institutions on special clearance fee to enable the deposits to reflect within an hour of being deposited.
- IMPORTANT: Please ensure that the correct bank account and customer code reference number is used when depositing money.
- Please note: Cheques as payment method has been discontinued. Click here to view the notice in this regard.
| BANK | ABSA |
| Account Type: | Transmission Account |
| Account Name: | CIPC |
| Account Number: | 4055 68 1017 |
| Branch Name: | Van der Walt Street |
| Payment Reference: | CUSTOMER CODE |
The reference number on the deposit slip will assist CIPC to allocate the deposit accurately and on time to your virtual account at CIPC.
For finance related inquiries only, an enquiry ticket must be logged on the CIPC website at www.cipc.co.za / enquiries / login by using your customer code and password and following the prompts.
How to view account statements online
Follow these steps to view your account statement online:
- Visit the CIPC website – www.cipc.co.za
- Log in using your customer code and password
- Click on “Additional services”
- Click on the second link on the left menu, i.e. “Customers Transactions”
- Select the relevant icon to download your statement
Refunds
If a customer paid money into the CIPC account, and need it to be refunded, the following is required:
- Submit your request, together with the following by logging a ticket on the Website
- Certified ID document of the owner of the customer code
- Proof of payment
- Bank details on bank letterhead or bank stamp
- Letter signed by account holder indicating the reason for the refund, the amount and customer code
Refunds will be processed within 30 working days upon receipt of a request for refund providing all the required documentation is submitted.
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.