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Standard Bank Personal Loan is up to R300,000 for 72 months here is how to apply

Standard bank wants to help reduce financial pressures by offering you a Standard bank personal loan of a minimum loan amount of R3 000 to a maximum loan amount of R300 000 with a fixed monthly repayment amount and only pay it off at a term you feel comfortable with.

Standard bank personal loan can help easy financial problems

Standard bank personal loans can ease your debt pressures by offering you an opportunity to apply for about R300 000 loan to pay off multiple debts so that you only pay one loan with single interest rates.

Standard bank has made it so easy for you to apply for a loan, once you have decided on the amount you need to borrow, you can simply apply online on the standard bank website or Banking app. The best thing about the app is that you get to see how much you qualify for and the repayment terms before you can sign the loan deals.

Standard Bank Personal Loan affordable interest and a personalised interest

Depending on the loan you would have chosen, you can pay back the loan over 12 months to 72 months with affordable interest and a personalised interest rate on your loan, the choice is yours. Once your loan has been approved, Standard Bank will pay the money immediately into your account.

Unlike other banks, there are no early termination fees if you choose to pay off your Term Loan sooner than the agreed terms. In addition, your Rewards Tier will be increased as a UCount Rewards member and last your term Loan can be insured in case you get a disability, retrenchment, get dread disease or death, meaning your family does not have to worry about paying off the loan when you are no longer able to.

What do you need to apply for a Standard Bank Personal Loan

  • You must be 18 years and older
  • Valid South African ID
  • Proof of residence no older than 3 months
  • 1 month’s payslip
  • 3 months' most recent bank statements

IF YOU CHOOSE TO APPLY FOR AN R30 000 LOAN, HERE IS THE ESTIMATE:
An estimated repayment of a Term Loan of R30 000 over 36 months at an interest rate of 24.75% pm would be R1 423 per month. This includes the monthly service fee of R69 and the once-off initiation fee of R1 207.50 (VAT inclusive). Standard Bank interest rates are personalised up to a maximum of prime plus 17.5% as per the NCA regulation.

Standard Bank Personal Loan
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