Standard Bank Personal Loans Review

Product Review

With Standard Bank you are able to take a personal loan between R3000 and R300 000.

The monthly payments that you make are fixed. With their online calculator you are able to see what you will need to pay each moth by choosing your loan amount, the interest rate and the repayment period which can be set between 12 and 72 months.

Application Process

You are able to apply for a personal loan by first filling out the necessary criteria and the filling out your personal details. You will then begin your application process for a personal loan.

You will need to be over 18 years old and have all the relevant documentation.


  • Competitive interest rates
  • Fixed monthly repayments
  • Funds are paid straight to your account
  • No early termination fees


Interest Rate/APR

9.75% – 32.1%. Depending on size of loan and term

Implications of Non-Payment

If you miss a payment, you’ll have to pay penalty fees and it will affect your credit record badly.

Financial Implications

No collateral is needed to apply for your personal loan as your application is based on your credit worthiness.

Potential Impact to Users’ Credit Score

Bank credit checks affecting credit score


Unless stated otherwise there are no renewals for the loan service.

Collection Practices

Debit order over the repayment period