To apply for a Standard vehicle loan, you must meet the following requirements:
- Be over 18 years old
- Have residency in South Africa
- Have a good financial record
It is necessary to present the entire document proving the hiring requirements. A minimum income is not required for this contract, but it is recommended that you have a verifiable income that is compatible with the contracted amounts.
What are the characteristics of a Standard vehicle loan?
Even before requesting a Standard vehicle loan, you can access the loan calculator to determine the amount of interest applied to the loan between the ratio of the total value of the vehicle by the time intended for payment.
In this calculator, you get the total cost of the loan, as the rates are fixed.
If you need to negotiate beyond the amounts shown by the calculator on the Standard website, it is best to look for a consultant to assist you in the negotiation.
Where to make the payments for the Standard vehicle loan installments?
For the payment of the monthly installments, several options can be considered.
If you have a public service job, or a formal job with an employment contract, you can request the automatic discount of the installments directly in your paycheck.
You can configure automatic debits in your account, you can make the payment by deposit directly with Standard and by bank slip at any financial institution.
The important thing is not to delay payment so as not to be affected by interest and fines!
Access the loan calculator and decide if the Standard vehicle loan is the best option for your pocket!
