Standard Bank offers some of South Africa’s most flexible personal loan products. With options reaching up to R300,000 and terms of 12 to 84 months, borrowers can choose repayment periods that match their financial situation. What stands out is the use of personalised, fixed interest rates based on your credit profile, making each application unique and tailored to your needs.

The minimum income to apply for most loans is R3,000 per month for term loans and R8,000 per month for other options like revolving loans and overdrafts. Initiation fees range from R419.75 to R1,207.50, while monthly service fees are R69 on all loan types. Standard Bank’s application process is 100% online and can be completed using their website or app.

How to Apply: Step-by-Step

1. Decide on your loan type and amount (between R3,000 and R300,000)
2. Prepare proof of income and your SA ID
3. Visit the Standard Bank website or open the app
4. Fill out the online application form and select your term (12–84 months)
5. Receive your personalised quote and, if approved, accept the offer to finalise your loan

Pros of Standard Bank Personal Loans

Standard Bank’s loans come with highly flexible terms. You can borrow as little as R3,000 or as much as R300,000, repaying over 12 to 84 months. Borrowers also benefit from a quick, all-digital application process along with transparent fee structures.

The use of personalised interest rates means your monthly repayments potentially save you money if you have a strong credit score. Additionally, features like using UCount Rewards Points to repay a loan provide extra value for existing clients.

Cons of Standard Bank Personal Loans

The requirement for minimum monthly income may exclude some potential applicants, especially for revolving loans or overdrafts, which require a higher income threshold. Fees, from once-off initiation to ongoing service charges, add to the cost of borrowing.

Personalised rates may result in higher interest for those with weaker credit histories, making it important to understand your profile’s impact before applying. Not all loan features are available to non-account holders.

Our Verdict

Standard Bank’s personal loan offering presents notable advantages for South African borrowers, especially for those seeking flexible amounts, repayment periods and a digital-first experience. If you’re looking for personalised rates and transparent processes, their loans are a strong choice.