Standard Bank is a premier financial institution that has an extensive and rich history within the South African financial landscape. For over a century this bank has been providing South Africans with quality products and services designed to meet their financial circumstances efficiently and effectively. Standard Bank Loans are just one of the many products and services on offer.
Tell me more about Standard Bank Loan types?
Standard Bank Overdrafts:
This facility is offered to Standard Bank clients who have a current account. It’s an ideal solution for when unexpected expenses come up when you have no immediate access to cash. This way, you are able to access cash whenever you need it. Standard Bank charges you if you borrow more than R500 on the facility and the amount you are given for the overdraft is dependent on your credit standing. The better it is, the more money you can access. Interest you are charged is also dependent on your credit record.
Standard Bank Personal Loans:
These loans are eligible to individuals earning more than R1000 per month. Standard Bank provides access up to R40 000 at competitive interest rates. If you take out a loan which is repayable within 3 months you get free credit life insurance which provides cover for your death. You r loan balance will be fully settled by Standard Bank. Once you are approved the funds are paid directly into your account.
Standard Bank Student Loans:
The costs of furthering one’s education are becoming steeper by the day. Standard Bank recognises the dilemma many people find themselves in and has created a solution designed to give individuals help with realizing their educational dreams. Standard Bank Student Loans are ideal for forms of paying for tuition, buying books or even paying for accommodation. Qualifying students don’t have to start paying back the loan while they are studying. During your studies you will be responsible for paying off the interest portion of your loan. After graduation you will need to pay for the principal portion of the loan.