25/02/2022
11h47
To apply for a Standard Bank revolving loan you need:
- Have the age of 18 years
- Be a Standard Bank account holder
- Have a monthly income of R 8 000
- Formal employment or legally proven income
The following documentation must be submitted:
- Official identification document
- An employment contract or payroll receipt
- Updated proof of residence
- Bank statement for the last 3 months
- Telephone line ownership proof document
Fulfilling these requirements and in possession of the documentation, you will be able to request a revolving loan from Standard Bank.
Where to apply for a Standard Bank revolving loan?
The entire Standard Bank revolving loan application process can be done online through Standard Bank’s service channels.
It will be necessary to access the website or internet banking and locate the “Personal Loan” tab and request the “Revolving Loan” modality.
The availability of the loan is calculated instantly and if there are contemplated values, they will be available for immediate hiring.
What are the general features of the Standard Bank revolving loan?
- Your refund amount does not change, allowing you to quote efficiently
- Monthly service fee: R69
- One-time initiation fee: up to R1207.50 (VAT included), depending on the loan amount
- custom interest rate
- Amounts released immediately into the account
- If you choose to pay off your loan at any time, there will be no fines charged.
Did you like this indication from the Utua Club? Don’t waste time and take out your Standard Bank revolving loan immediately!
