About Standard Bank
Standard Bank is focused on delivering tailored solutions to meet your specific set of needs.
Whether you’re looking for an everyday bank account or a more complicated debt solution, Standard Bank has your back. Their debt centre and experienced consultant can help you find the most suitable products and solutions.
They remain committed to helping you through every stage of life and every financial need that may arise. Standard Bank strives to partner with you and develops a strong, lasting relationship.
A range of financial services and products
Standard Bank offers a range of financial services and products to commercial, business, and private individuals across the country. They strive to drive economic and social growth in all the territories that they’re present in.
They’re also present in more than 20 African countries and are, by virtue of their assets, the largest bank in the country.
Save and invest for your future
Standard Bank offers a range of wealth management services and products that will help you build and manage your wealth to benefit you in the future. This comes in the form of everyday banking services as well as investment solutions.
Personal term and revolving loans
Standard Bank offers both term and revolving personal loans with low rates and flexible terms.
Term loans are ideal for things such as home renovation and debt consolidation and term loans are ideal for those who have irregular income or those who want more flexible solutions for cash flow issues.
What Standard Bank can offer you
Are you finding it difficult to manage your debts?
Have you recently experienced a reduction in your income or an increase in your expenses? If so, you may be finding it harder than ever to make it through the month and still maintain your debt repayments.
Making a payment arrangement
Standard Bank wants to help you through such difficult times and can help you with a payment arrangement. This will lower your monthly loan or debt installments to ensure that you have a little extra cash for living expenses.
Considering debt consolidation
If you have multiple debts, especially unsecured, high-interest debts, you may benefit from debt consolidation. This will allow you to roll up all your smaller debts into one, more affordable personal loan.
Standard bank offers debt consolidation loans of up to R300,000 with up to 72 months to repay. This allows you to consolidate a large amount of debt and spread out your repayments over a longer-term so you have more money left over.
Standard Bank can also offer you a repayment holiday for a period of between one and three months, in the event that you’ve lost your job or have had a sudden reduction in your income.
Important benefits of consolidation
In addition to having more money at the end of the month, consolidating allows you to save on fees since you’d only be paying to maintain a single account. You can also enjoy lower interest rates, this is true if your debt lies in credit cards and store account, and it will be easier to manage your finances.
Standard Bank Debt consolidation loans
- Loan Type Debt consolidation loans
- Interest Rate 7.75 – 25.75% p/a
- Loan Amount up to R300,000
- Repayment 12 months to 72 months
Benefits of Standard Bank
- Reduce your debt
- Affordable debt consolidation services
- Lower interest rates
Applying to consolidate with Standard Bank
Standard Bank strives to ensure customers can easily get in touch with them and apply for the products and services that will serve them best.
If you want to consolidate your debt you can get in touch with Standard Bank’s debt centre or call their call centre to discuss your situation and have an expert help you decide if consolidation is the right thing for you.
Do you qualify to apply?
As long as you over the age of 18, have a stable job with earnings of at least R3,000 per month, and are a South African citizen or permanent resident, you can apply for debt consolidation.
For those that are new customers, you’ll have to provide a copy of your South African ID, proof of address, and your most recent bank statements and payslips.
Affordable rates and repayment terms
Standard Bank’s maximum APR is 24.75% per annum and they offer loan terms of up to 72 months which allows you to enjoy lower monthly repayments on your debt.
When you apply for a loan a consultant will help you decide on the best terms for your needs and will assign a unique interest rate as well.
If you have an account with Standard Bank, earn more than R8,000 per month, and have good credit, you can apply for an overdraft. The maximum amount is R200,000 and you can make use of it, as needed. This offers a safety net that can help you when you go over budget or incur unexpected expenses.
How to apply for consolidation
As mentioned you can call Standard Bank’s call centre and speak to a consultant. You can also log into your online banking profile or use their banking app to apply. Finally, you can visit any nationwide branch to have a consultant assist you.
Standard Bank is a trusted & reliable provider of debt consolidation loans
In our review, Standard Bank adheres to the compliance criteria in accordance with NCA regulations, where the granting the loan will not cause financial distress to the consumer.
Standard Bank is a registered credit provider in South Africa: NCRCP15
Customer Reviews & Testimonials
Being in debt and asking for help is very stressful. Standard Bank made sure we did not feel hopeless, and they were very willing to help us from the get-go. Thank you so much for your kindness
— Johannesburg —
Standard bank has the best service where they truly help you find what you need. They also don’t overcharge you with banking fees and make sure you know where every cent you spend goes
— Cape Town —
The day I got my debt consolidated at Standard Bank is the day my life changed for the better. For the first time in long, I Don’t have to stress about how we are going to make ends meet this mon...
— Port Elizabeth —