09/02/2022
15h15
- Your credit score: Evaluating your ‘creditworthiness’ to see how much debt you have and how you’ve handled debt and repayments in the past.
- Your income: How much you earn will determine how much credit you can take on. Do you make enough money to repay your loan and still have enough left for other expenses?
- Requirements set out by the National Credit Act: Our interest rates are personalised up to a maximum of 24.5%. The good news is that a good credit score could get you a better interest rate.
how get a loan in Standard Bank works
When you borrow money in the form of a personal loan, you pay it back in monthly instalments over a set time with added interest. How much interest you’re paying and how much time you have to pay back the loan differ depending on the amount you’re borrowing and in what timeframe you’re comfortable repaying it.
