FNB says it is seeing increased demand for student loans as consumers struggle with the rising cost of living.

The retail banking arm of JSE-listed FirstRand said it disbursed R39.7m in student loans to customers in the six months to end-December 2022, a 140% increase from the R16.54m disbursed in the corresponding period the previous year. The average loan value over that time frame also increased from just less than R80,000 to nearly R90,000...

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