Standard Bank is a banking institution which has a reliable reputation within the financial sector. Its admirable quality service and highly competitive banking packages have ensured its place as one of the foremost, progressive banks in the country. Some services offered by Standard Bank include personal loans, home loans and student loans. They are easily accessible to clients through the bank’s 1000-plus branches nationwide.
Packaged to suit a wide range of needs and circumstances, they are offered at fixed, affordable interest rates. Application processes are quick and easy and early payment penalties don’t apply.
Standard Bank Personal Loans:
Offered at R5000 to R40 000, these loans are not subject to provision of collateral. Loan amounts and repayments are dependent on affordability and credit profiles. Individuals are given 3 to 42 months to pay for this service.
Standard Bank Student Loan:
Standard Bank understands the value of education and knows how costly it can be. It has created a facility with the intention of assisting individuals who otherwise cannot afford to finance their education. The Standard Bank Education loan effectively covers tuition, study material, student accommodation and other study-related costs. Repayments are permitted to be done after completion of studies; however clients will be required to pay interest on the loan during their studies. The application process is simple and fast.
Standard Bank Overdraft:
This facility allows you to access money from your account in the event you have exhausted your savings or income. It’s available to existing current account holders and allows clients to borrow up to R500 without incurring any initiation or service fees. Clients are only charged if they borrow more money.
Standard Bank Home Loan:
Low-income earners are accommodated through the DreamStart Home Loan facility. This product is subject to credit and risk assessment.