Standard Bank’s personal loan offering stands out for its flexibility and fast online approval. With opportunities available for both Revolving Loans and Term Loans, applicants can select loan amounts up to R300,000, depending on their financial situation and needs.

Credit is awarded at personalised interest rates, and Standard Bank offers up to 84 months for repayment. For a Revolving Loan, borrowers can access funds as needed, provided at least 15% of the outstanding balance is repaid. The minimum monthly income required is R8,000 for revolving loans and R3,000 for term loans.

How to Apply for a Standard Bank Personal Loan

• Start your application with an online form
• Complete the affordability assessment
• Choose your preferred product and amount
• Submit required documents, such as proof of income
• Receive a decision and accept your offer if approved

Pros of Standard Bank Personal Loans

One major advantage is convenience—applications are fully online, saving you trips to a branch. Repayment terms are available up to 84 months, letting you select what suits your budget best.

The ability to access additional funds with a revolving loan, without a full reapplication, is a significant plus for those who may need future flexibility.

Cons of Standard Bank Personal Loans

Personalised interest rates mean you may not know your exact rate until you complete an application. Also, approval and rates depend on individual affordability checks.

Minimum income requirements may exclude applicants with lower earnings, and all offers are subject to Standard Bank’s terms and credit checks.

Our Verdict

Standard Bank personal loans are a compelling option with their flexible repayment terms and easy application process. For qualifying applicants, the combination of high loan amounts, customisable repayment, and a reputable brand make this an appealing choice for personal finance needs.