Finding a new set of wheels is exciting, but securing the finance for it can be less fun. You want to make sure that you’re getting the right type of finance to suit your needs and your pocket. So make sure that you’re not overpaying and being set back for years to come. Choose Standard Bank’s vehicle loan, where your dreams of owning your ideal vehicle can become a reality.


Plan Smarter with Standard Bank Vehicle Finance

Consider the emotions and practicalities of your vehicle purchase journey. How will owning a new vehicle align with your dreams and financial aspirations? With an installment sale, you can make monthly payments towards owning your dream car, with a flexible repayment period of up to 84 months and personalised interest rates.

Alternatively, a financial lease allows you to enjoy the benefits of the vehicle without outright ownership, with monthly payments over a set period and the option to buy or return the vehicle at the end. Choose the option that best fits your lifestyle and goals, and embark on your journey with confidence.


Requirements for Applying for Standard Bank Vehicle Finance

To qualify, you must:

  • Be 18 years or older
  • Be a South African citizen
  • Have a valid South African driver’s license
  • Have a good credit history

Bank i’ll be asking you to enter your:

  • Personal details
  • Contact details
  • Latest 3 months’ payslips, or Latest 3 months’ bank statements
  • Proof of residence not older than 3 months
  • Vehicle details

Why Standard Bank is so Important and Why People Choose

Standard Bank is one of the oldest and most respected financial organizations in South Africa, having been founded in 1862. It has developed into a major power throughout time, both inside South Africa and throughout the continent of Africa.

Presently, Standard Bank is a major player in the African banking market, providing a wide range of financial services and products to individuals, companies, and organizations. With a strong presence in 20 African nations, Standard Bank has gained the respect of millions of customers as a stable and trustworthy financial partner. Any financial undertaking, be it starting a personal project, buying a car, or growing your business, Standard Bank offers a loan solution that is customized to meet your unique requirements.

Easy Step By Step Process For Standard Bank Vehicle Finance

Once you’ve chosen the vehicle, calculated the costs and chosen the best financing option, applying for finance is easy.  You can choose to simply: Complete Standard Bank car finance application online on their Banking App or official website.
Click Here to Start Your Application Process

You can also call to Bank on 0860 000 000 or visit a branch near you.

Pros and Cons of Standard Bank Vehicle Finance


  • Deposits are flexible and can be negotiated to suit your financial situation.
  • Balloon payments can be included in the agreement, allowing for lower monthly repayments.
  • Vehicle financing is available for up to 84 months, giving you ample time to repay the loan.
  • Standard Bank retains ownership of the asset until the finance agreement is fully repaid, at which point ownership is transferred to you.
  • Once the loan is fully settled, you have the option to trade in the vehicle.
  • Competitive interest rates, which may be linked to the prime lending rate.


  • Monthly payments might be expensive.
  • There’s a risk of damaging your finances.
  • The vehicle’s value depreciates while you’re still paying.
  • You’ll be stuck with the same car for longer.


How Many Types of Loans Does Standard Bank Offers?

Standard Bank Revolving Loan

Experience the freedom of financial flexibility with Standard Bank’s Revolving Loan! No more repetitive applications – simply repay 15% of your loan to unlock additional funds whenever you need them. With loan amounts ranging from R6,000 to R300,000, adapting to your evolving needs has never been easier. Enjoy affordable monthly fees starting at just R69, with initiation fees ranging from R764.75 to R1207.50 (including VAT). It has personalized interest rates, ranging from prime plus 3% to 10.5%, and with a maximum APR of prime plus 10.5%. Navigate your financial journey with simplicity and control, courtesy of Standard Bank.

Standard Bank Term Loans

Consider this: Borrowing R30,000 over 36 months at 24.75% interest equates to a monthly payment of R1,423. This inclusive amount covers a R69 service fee and a R1,207.50 initiation fee (inclusive of VAT). The loan personaliSed interest rates, in line with NCA regulations, are capped at prime plus 17.5%. Long-term loans offer advantages such as lower interest rates, preservation of cash flow, potential tax benefits, flexible repayment options, and convenient online application.

Standard Bank Home Loans

Whether it’s your first or subsequent property purchase or construction, a Standard Bank Home Loan can help make your dream home a reality. Your borrowing capacity is determined by your pre-tax monthly income and monthly expenses, which can be easily calculated using home loan calculator.

Student Loans

Don’t let financial constraints hinder your career aspirations. With a Student Loan from Standard Bank, you can cover all your educational expenses, ensuring that funds are readily available to support your academic pursuits.

Fees & Taxes of Standard Bank Vehicle Finance

  • Minimum Monthly Income: R5,000
  • Minimum Loan Amount: R50,000
  • Repayment Term: Up to 84 months
  • Interest Rate: Personalised

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