Don't let finances hold you back from your dream university. The Astra Prospects Study Loan is designed specifically for African students admitted into institutions abroad — with flexible repayment and a straightforward application process.
Who Can Apply
To qualify for the Astra Prospects Study Loan, you must meet all of the following criteria before submitting your application.
You must hold a valid admission letter from a recognised higher institution outside your home country. Undergraduate, postgraduate, and PhD levels are eligible.
Only landed property is accepted as collateral — this includes land with a valid title deed or a building with proof of ownership. Vehicles and moveable assets are not accepted.
You must provide at least two creditworthy guarantors who can vouch for your ability to repay the loan. Guarantors should be employed or own a business.
Loan repayment is structured across a period of 6 to 24 months, agreed upon before disbursement. You must accept and commit to the repayment schedule.
You are required to complete the application form in full and submit all supporting documents, including your admission letter, collateral proof, and guarantor details.
The loan carries a 5.5% monthly interest rate. This will be clearly stated in your loan agreement. Ensure you fully understand and agree to the interest terms before applying.
Loan Summary
Transparent, simple terms — no hidden charges. Everything you need to know before you apply.
We understand that funding international education can be a significant challenge. The Astra Prospects Study Loan bridges that gap — helping you cover tuition, accommodation, and travel costs so you can focus on your studies rather than financial stress.
Your loan agreement will be issued once all documents are verified and guarantors confirmed. Funds are disbursed directly to you or to the institution as agreed.
Loan Calculator
Enter your loan amount and repayment period below to see an instant estimate of your monthly payment and total repayment cost.
⚠️ This calculator provides an estimate only using a standard amortising model at 5.5% monthly interest on the outstanding balance. Each monthly payment covers that month's interest first; the rest reduces your principal, so the interest you owe falls every month. Actual loan terms, fees, and repayment schedule will be confirmed in your official loan agreement. This is not a loan offer.
Application Process
Our application process is straightforward. Follow these steps to get your loan reviewed and approved.
Ensure you have received and accepted a valid admission offer from a recognised higher institution abroad. Your admission letter will be required during the application.
Gather your admission letter, collateral documents (e.g. property deed, vehicle papers), and guarantor details including their employment or business information.
Click the "Apply Now" button on this page to access the application form. Complete all sections honestly and upload all required supporting documents before submitting.
Our team will review your application, verify your documents, and contact your guarantors. You will be notified of the outcome within a few business days.
Once approved, you will receive a loan agreement outlining the full terms. After signing, funds are disbursed and your repayment schedule begins as agreed.
Got Questions?