Standard Bank Personal Loans are a sought-after financing choice, letting South Africans access up to R300,000 with flexible repayment terms. Designed to suit different needs, the product features online application, quick decision, and fixed or revolving repayment options. Standard Bank tailors the interest rate based on your financial profile and offers repayment terms ranging from 12 to 84 months. A minimum monthly income starting from R3,000 is required for Term and Consolidation Loans, and R8,000 for Overdrafts and Revolving Loans. Your rate is always personalised and competitive.

How to Apply: Step by Step

1. Choose your loan amount and preferred term.
2. Complete the online application with personal and financial details.
3. Upload supporting documents if prompted.
4. Get a quote and decision usually within minutes.
5. Accept your offer and receive funds once approved.

What We Like

The online process is fast, taking only minutes to get a quote. The broad eligibility, flexible terms, and the option to use UCount Rewards Points for repayments make it accessible and affordable.

It’s also a plus that you can choose between a number of loan types, from term loans to overdrafts and even energy loans, making it highly versatile for different needs.

Things to Consider

Be aware of the relatively high initiation fees and service fees, which may increase your total costs. Minimum income requirements may not suit all applicants.

The interest rate depends on your own credit risk, which could mean higher repayments for those with less favourable credit histories.

Our Verdict

Standard Bank Personal Loans are ideal for borrowers seeking a reputable lender, rapid funds, and flexible terms. Though fees exist, the offering’s versatility and simple process are big advantages, making it a smart choice for most applicants.