Imagine a loan with steady monthly payments. That’s the Revolving Loan from Standard Bank. Here’s the twist: once you’ve paid back a bit of your loan. You can borrow money again. It’s like having a financial safety net that’s always ready for you!


Plan Smarter with Standard Bank’s Revolving Loan

Enjoy the benefits of planning with Standard Bank’s Revolving Loan. Simply input your desired loan amount and term to get insights into monthly payments, total repayment, and costs. Compare different scenarios to find the best fit for your budget and financial goals. It’s a smart way to make informed borrowing decisions with ease.

Requirements to Applying for a Standard Bank’s Revolving Loan

  • Valid South African ID or Smart card
  • Be 18 years or older
  • Proof of residence not older than 3 months
  • 1 Month’s payslip
  • The latest 3 months’ bank statements, if you don’t bank with Standard Bank.

Why is Standard Bank so Important?

Standard Bank is one of South Africa’s oldest and most prominent financial institutions, with a rich history dating back to 1862. Standard Bank has grown to become a leading bank not only in South Africa but also across the African continent.


Today, Standard Bank is a key player in the African banking sector, offering a wide range of financial products and services to individuals, businesses, and institutions. With a strong presence in 20 countries across Africa. It has established itself as a trusted and reliable financial partner for millions of customers. Standard Bank has loans for everyone! Whether it’s for a personal project, buying a vehicle, or growing your business. They have a loan that fits your needs.

Step By Step Guide To Apply For a Loan

Internet Banking:

  • Log in.
  • Go to “Borrow.”
  • Complete assessment.
  • Accept the offer.
  • Apply here..

Banking App:

  • Log in.
  • Select “More.”
  • Choose “Open account” > “Personal Lending.”
  • Check eligibility.
  • Apply and wait.

Cellphone Banking:

  • Dial *120*5626#.
  • Choose option 3 and complete the process.
  • Get a SMS confirmation.

Pros and Cons of Standard Bank Revolving Loan


Personalised Interest Rate

Standard Bank Revolving Loan offers a personalised interest rate tailored to the individual applicant’s financial profile upon application.

Up to 72 Months Repayment Period

Borrowers have the flexibility of repaying the loan over a maximum period of 72 months, providing ample time to manage their finances comfortably.

Fixed Term

The loan comes with a fixed term, ensuring predictability and stability in repayment schedules for borrowers.

Fixed Monthly Repayments

Borrowers enjoy the benefit of fixed monthly repayments throughout the loan term, making it easier to budget and plan their finances.

No Penalties for Early Settlement

Should the borrower decide to settle the loan before the end of the term, there are no penalties incurred, providing freedom and flexibility in managing finances.

Adjustable Loan Amount

Borrowers have the flexibility to increase or decrease the Revolving Loan amount based on their changing financial needs, offering adaptability to varying circumstances.

Optional Loan Insurance

It also offers optional loan insurance covering disability, dread disease, or death, providing borrowers with additional peace of mind and financial protection in unexpected situations.



Higher Interest Rates

Revolving loans often come with higher interest rates compared to traditional secured loans.

Risk of Overborrowing

The flexibility to redraw and top up the loan might lead to overborrowing and accumulating more debt than necessary.

Credit Score Impact

Failure to manage the revolving loan responsibly could negatively impact your credit score.

Potential Fees

There may be fees associated with redrawing or topping up the loan, adding to the overall cost.

How many Types of Loans Standard Bank offer?

1. Personal Loans

Perfect for funding your dream vacation or essential home improvements, a Personal Loan offers a convenient solution for borrowing money to meet your needs. Your bank will work with you to establish the terms of your loan, such as the loan amount, interest rate, monthly payments, and loan duration, tailored to your individual circumstances and preferences.

Explore your personal loan choices or calculate monthly repayments with the personal loan calculator.

2. Home Loans

If you’re purchasing your first home or another property, a Home Loan can provide the financing you need to make your dream of homeownership a reality. The amount you can borrow is determined by your pre-tax monthly income and your monthly expenses, which can be calculated using our home loan calculator.

3. Pension-Backed Housing Loans

A pension-backed housing loan offers an alternative way to finance a home, with your retirement savings serving as security instead of a traditional bond. Your employer typically deducts monthly installments from your salary, and the loan term can extend up to 30 years or until your retirement age.

4. Vehicle Financing

If you need some extra cash to buy a new set of wheels, consider Vehicle Financing. Once you’ve found the car you want and have chosen your financing option, you’ll generally have over 12 months to five years, or more, to repay your car loan.

5. Student Loans

And finally, don’t let a lack of funds stop you from fulfilling your career goals. A Student Loan will cover any educational costs, giving you the comfort of knowing funds are available for all your studying dreams.

Fees & Taxes

  • Monthly service fee: R69
  • Once-off initiation fee: Up to R1207.50 (VAT included), depending on your loan amount

Standard Bank Customer service

Phone: 0860 123 0000 for South Africa and +2710 824 1515 outside South Africa.

In-person support: find here the nearest branch to get support of a Standard Bank agent.

Standard Bank App