Personal Loans

Standard Bank Personal Loan

Standard bank has been around for so long that it has become part of the blood life of the South African economy. It’s one of the “Big Four” banks. It is a registered financial institution which has played a major role in fulfilling the dreams of millions of individuals by providing the necessary capital in the form of Standard bank loans.

Guided by banking principles and the credit act of 2005, Standard bank has more than 1000 branches located across the country so you know you will be able to reach them no matter where in the country you might find yourself. Being up to date with technology, Standard bank also services 18 sub-Saharan countries and 21 countries on other continents.

Standard bank has further proven to be leaders in their field as they have launched the first ever Eurobond from an east African issuer.

Standard bank loans are offered to cover a variety of must needed consumer services including home loans, vehicle or asset finance, personal and student loans. Personal standard bank loans are the most common form of loan in which individuals can borrow capital for any private reasons.

Standard bank personal loans are unsecured loans which mean that the applicant does not need to provide collateral to obtain the loan. Collateral means that the applicant provides the bank the legal rights to any form of property, such as a vehicle or mortgage, which the applicant will forfeit if he or she fails to make payment on the Standard bank loan.

Interest rates are often also higher because no collateral is required and it is often based on the individual’s credit score. Each individual who has ever taken out credit will have a credit score which is listed with the credit bureau. A score is given to each individual based on how well he or she pays her monthly installments. If you manage your finances well than you should receive prime interest rates on your loan.

A revolving credit loan is also available from Standard bank and means that applicants can borrow additional funds, up to the original loan amount, when15% of the loan has been repaid. Applicants may also apply to increase the loan when needed and the interest rates are fixed which allows for better budgeting at month end.

In order to settle the loan standard bank offers insurance at a minimal fee in the event of retrenchment, disability or death. Similar to your loan installments, the insurance fee is also deducted from your account at the end of the month but there is no obligation to have it.

Standard bank loans can increase your quality of life if you apply it correctly. Interested individuals looking for a standard bank loan or more information in this regard can click on the links below.


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