Standard Bank offers a wide range of personal loan products for South Africans, with loan amounts stretching from R3,000 up to R300,000. These personal loans come with flexible repayment terms ranging between 12 and 84 months, and feature personalised interest rates based on your credit profile.

For example, the Term Loan is fixed-rate, offering predictable instalments throughout your loan term, while the Revolving Loan allows you to access more credit by repaying a minimum of just 15%. All options require a minimum monthly income of R3,000 to R8,000, depending on the loan type. Additional benefits include the ability to use UCount Rewards Points to help pay off your loan faster.

Step-by-Step Application Guide

1. Choose your preferred loan product and check eligibility.
2. Calculate your estimated monthly repayment using the loan calculator.
3. Complete the online application via Standard Bank’s secure digital platforms.
4. Submit your required documentation for verification.
5. Receive your personalised loan quote within minutes.
6. If approved, accept your quote and receive your funds.

Advantages of Standard Bank Personal Loans

One major advantage is the transparent and fast online quote process. You know your estimated costs and approval chances before accepting any offer.

Another key benefit is the wide variety of loan types – from term loans to revolving credit and energy loans, catering to diverse financial needs.

Possible Drawbacks to Consider

While the minimum income requirement ensures responsible lending, it may exclude some South Africans from qualifying for larger loans.

The maximum allowable rates can go up to prime plus 17.5%, so those with weaker credit profiles may pay significantly more in interest.

Our Final Verdict

Standard Bank’s personal loans are reliable, offering flexibility, transparency and fast digital application. They are well-suited for responsible borrowers needing up to R300,000 with manageable monthly payments.