LIMPOPO MOTOR VEHICLE LICENCE FEES

LIMPOPO MOTOR VEHICLE LICENCE FEES
 
TARETYPE OF VEHICLE
ExceedingNot ExceedingRigid Vehicles*Trailers and Semi-trailers
   
0 kg250 kgR202,00As for rigid
250 kg500 kgR242,00
500 kg750 kgR255,00
750 kg1 000 kgR323,00
1 000 kg1 250 kgR349,00
1 250 kg1 500 kgR457,00
1 500 kg1 750 kgR524,00
1 750 kg2 000 kgR645,00
2 000 kg2 250 kgR941,00
2 250 kg2 500 kgR945,00
2 500 kg2 750 kgR1 062,00
2 750 kg3 000 kgR1 304,00
3 000 kg3 250 kgR1 425,00
3 250 kg3 500 kgR1 613,00
3 500 kg3 750 kgR1 841,00
3 750 kg4 000 kgR2 070,00
4 000 kg4 250 kgR2 271,00
4 250 kg4 500 kgR2 500,00
4 500 kg4 750 kgR2 715,00
4 750 kg5 000 kgR2 822,00
5 000 kg5 250 kgR4 301,00
5 250 kg5 500 kgR4 798,00
5 500 kg5 750 kgR5 282,00
5 750 kg6 000 kgR5 645,00
6 000 kg6 250 kgR6 196,00
6 250 kg6 500 kgR6 680,00
6 500 kg6 750 kgR7 190,00
6 750 kg7 000 kgR7 943,00
7 000 kg7 250 kgR8 172,00
7 250 kg7 500 kgR8 696,00
7 500 kg8 000 kgR9 583,00
8 000 kg8 500 kgR10 712,00
8 500 kg9 000 kgR11 948,00
9 000 kg9 500 kgR13 171,00
9 500 kg10 000 kgR14 408,00
10 000 kg10 500 kgR15 913,00
10 500 kg11 000 kgR17 485,00
11 000 kg11 500 kgR19 018,00
11 500 kg12 000 kgR20 698,00
Above 12 000 kg (for each additional 500 kg, or part thereof):+ R1 774,00
 
* The rate for rigid vehicles applies to all truck-tractors whether used for farming or not.
 
OTHER VEHICLE TYPES (irrespective of tare)
Motor CyclesCaravans Other vehicles
R202,00R309,00 R635,00
 
Motor vehicle registration fee: R95,00                   Application for motor trade plate :R95,00

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:

  1. Identify your loan provider: Choose between NSFAS, a bank, or a private lender.
  2. Gather necessary documents: ID copies, academic transcripts, acceptance letters, and income statements.
  3. Complete the application form online or at a branch.
  4. Await approval: Some banks offer instant decisions, while NSFAS can take a few weeks.
  5. 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.

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