Experience the advantages of planning with Standard Bank’s Term Loan. Just enter your preferred loan amount and term to receive details on monthly payments, total repayment, and associated costs. Compare various scenarios to discover the ideal option for your budget and financial objectives. It’s a savvy approach to making well-informed borrowing decisions effortlessly.


Requirements for Applying for Standard Bank’s Term Loan

  • Ensure you possess a valid South African ID or Smart card
  • Must be at least 18 years old
  • Provide proof of residence not older than 3 months
  • Submit one month’s payslip and 3 bank statements

Why Standard Bank is so Important and Why People Choose

Standard Bank is a recognized leader in the financial industry in South Africa, offering a wide range of products and services, including loans. With a range of products and services, including loans, the bank has established itself as a leading player in the financial industry in South Africa. Whether you’re looking to purchase a new home, start a business, or simply need a personal loan, Standard Bank has options that may suit your needs.

Step by Step Process To Apply For Loan

For Standard Bank customers:

Using the Banking App

Customers can access the loan application by opening the Standard Bank App, signing in, tapping on “More,” selecting “Open a new account,” and then choosing “Personal Lending” to check their eligibility.


Via Internet Banking

Customers can log into their Internet Banking account and click on the “Borrow” button to start the application process.

Through Cellphone Banking

Customers can dial *120*5626# on their cellphones, select option 3 from the menu, and follow the prompts to apply for a loan.

Once the application is submitted, customers will receive an SMS notification regarding the status of their application. An agent from Standard Bank will then contact them to proceed with the application process.

For non-Standard Bank customers:

Non-customers can begin their Term Loan application online by clicking on the “Do I Qualify” button at the top of the page. After assessing eligibility, they can submit the “Call Me Back” form, and a Standard Bank representative will reach out to assist with completing the application.


Pros and Cons of Standard Bank Term Loan


Minimum Monthly Income of R 3,000

This ensures that individuals with a modest monthly income can still access financial support, allowing them to meet their needs and achieve their goals.

Maximum Loan Amount of R 300,000

With this generous loan ceiling, borrowers have the opportunity to secure significant funds to address various financial requirements. Whether it’s for home improvements, education expenses, or unexpected emergencies.

Repayment Term of 12 to 84 Months

The flexibility of choosing a repayment period spanning from one to seven years empowers borrowers to tailor their repayment schedule according to their financial capacity and preferences, making it easier to manage their loan obligations.

Personalized Interest Rate

Each borrower receives an interest rate tailored to their unique financial circumstances and creditworthiness. This personalized approach ensures that borrowers are offered competitive rates that align with their ability to repay the loan, promoting financial stability and affordability.


  • Monthly service fee: R69
  • Once-off initiation fee: R1207.50 (VAT included)

All Types of Standard Bank Loans

1. Personal Loans

Ideal for helping you afford that ultimate holiday or some much-needed home renovations, a Personal Loan is a great option for borrowing money for your needs. Your bank will help you determine your loan’s conditions including loan amount, interest rate, monthly repayments and your loan’s term – based on your personal information and requirements.

2. Pension-Backed Housing Loans

A pension-backed housing loan is an alternative form of housing finance, where your loan is secured by your retirement’s saving instead of a bond. Monthly installments are usually enabled by your employer through your monthly salary, and your maximum loan term is 30 years or the length of time to your retirement.

3. 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.

4. 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: R1207.50 (VAT included)
  • Personalized interest rate

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