Standard Bank Revolving Loan 2023-2024 Application Details

Standard Bank Revolving Loan Application Details.

Easily apply for Revolving Credit or increase your existing limit online.

A Revolving Loan gives you access to money whenever you need it without having to reapply for credit – you simply need to repay 15% of your loan.

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%.

What Standard Bank Revolving Loan Can Do for You:

  • Access to funds 24/7

Your Revolving Credit is paid straight into your account and you can access funds whenever you need it

  • Quick approval

Easily apply for a loan via Internet Banking or our Banking App and get real-time approval

  • UCount Rewards

You can pay your monthly loan installments by converting your Rewads Points to cash

  • Increase limit online

Enjoy the flexibility of your Revolving Credit as you can increase your limit via the Banking App or Internet Banking.

How Standard Bank Revolving Loan Works

  • Apply for a Revolving Loan via Internet Banking or on the Banking App
  • Once your loan has been approved, the funds will be paid straight into your bank account
  • Should you choose to settle your loan at any time, you will not be charged penalties
  • You can increase or decrease your Revolving Loan amount, depending on your needs
  • We offer optional loan insurance in the event of disability, retrenchment, dread disease or death
See also  Hebron Theological College Banking Details & Fees 2025/2026

Standard Bank Revolving Loan Costs

  • Your repayment amount doesn’t change, enabling you to budget effectively
  • Monthly service fee: R69
  • Once-off initiation fee: Up to R1207.50 (VAT included), depending on your loan amount
  • Personalised interest rate

How to Increase Standard Bank Revolving Loan Limit

Change your limit on Internet Banking:

  • Sign into Internet Banking to change your Revolving Loan limit
  • Click on the “Borrow” tab
  • Navigate to the “Revolving Credit Plan” tile and select “Increase My Limit”
  • Complete the affordability assessment to see how much you qualify for
  • If your limit increase has been approved, you will receive an estimated quote
  • Select “Continue” and follow the easy steps to complete the process

Change your limit on the Banking App:

  • Sign into your Banking App
  • Tap on the “More” tile at the bottom of your screen
  • Select “Open a new account”
  • Tap on “Personal Lending”
  • Select “Revolving Loan”
  • Tap on “See what you can get”
  • Tap on “Increase Limit”
  • Complete the affordability assessment to see how much you qualify for
  • Follow the easy steps to complete the process
  • If your limit increase has been approved, you will receive the money immediately*

* Approval is subject to credit checks and Financial Intelligence Centre Act (FICA) requirements.

How to Get Standard Bank Revolving Loan

Internet Banking:

  • Sign into Internet Banking
  • Click on the “Borrow” tab
  • Complete the affordability assessment and follow the simple steps
  • If your Revolving Loan has been approved, you will receive a final offer
  • Accept the offer

Banking App:

  • Sign into our Banking App
  • Tap on the “More” tile
  • Select “Open a new account” and then tap on “Personal Lending”
  • Navigate to “Revolving Loan” and tap on “See what you can get”
  • Complete the quick application
See also  South African Reserve Bank Branch Codes and Contact Details

Cellphone Banking:

  • Dial *120*2345# on your cellphone
  • From the menu, choose option 3
  • Follow the easy steps
  • You will receive an SMS on whether your application is successful
  • One of our agents will then get in touch with you to proceed

What you’ll need:

  • 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 us

SHARE THIS POST WITH OTHERS USING THE SHARED BUTTONS BELOW.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here