If you’re wondering how to deal with unforeseen expenses or want to have access to a financial resource whenever you need it, the Standard Bank of South Africa’s Revolving Loan is the answer. This is a loan option that can truly transform your financial life, offering the freedom and flexibility you need. Don’t miss the opportunity to explore this exciting financial product and make your financial journey easier and more convenient than ever!
The requirements and necessary documents for applying for a Revolving Loan at Standard Bank in South Africa may vary depending on the specific type of Revolving Loan you are interested in, your financial situation, and the bank’s criteria at the time of application. However, generally, here are some documents and information that the bank may request:
Please note that exact requirements can vary, and it is advisable to contact Standard Bank in South Africa directly or visit the bank’s official website for up-to-date information on the specific documents and criteria for applying for a Revolving Loan. They can also provide detailed guidance on how to initiate the application process.
Rates, fees and commissions
You can apply for a minimum loan amount of R6 000 to a maximum loan amount of R300 000. The monthly service fee is R69 and the once-off initiation fee depends on the loan amount, ranging from a minimum of R764.75 to a maximum of R1207.50 (VAT inclusive). Our interest rates are personalised and range from a minimum of prime plus 3% to a maximum of prime plus10.5% as per the NCA regulation. The Annual Percentage Rate (APR) for your personal loan is a maximum of prime plus 10.5%.
How to apply
The process of applying for a Revolving Loan from Standard Bank in South Africa may vary depending on the specific type of loan and the bank’s policies at the time of application. However, here are the general steps you can follow when applying for a Revolving Loan:
Keep in mind that the exact process may vary based on the type of Revolving Loan you are applying for and the bank’s policies. Therefore, it is always advisable to contact Standard Bank in South Africa directly for accurate and up-to-date guidance on how to apply for the desired Revolving Loan.