Standard Bank Loans
With a little bit of research, you can make an informed decision.
1. Personal Loans
Ideal for helping you afford that ultimate holiday or some much-needed home renovations, a Personal Loan is a great option for borrowing money for your needs. Your bank will help you determine your loan’s conditions – loan amount, interest rate, monthly repayments and your loan’s term – based on your personal information and requirements.
2. Home Loans
If you’re buying or building your first house or any additional property, a Home Loan can help you secure your dream home’s financing. Your borrowing amount depends on your monthly income (before tax) and your monthly expenses – you can work this out using your bank’s home loan calculator.
3. Pension-Backed Housing Loans
A pension-backed housing loan is an alternative form of housing finance where your loan is secured by your retirement’s saving instead of a bond. Monthly instalments are usually enabled by your employer through your monthly salary, and your maximum loan term is 30 years, or the length of time to your retirement.
4. Vehicle Loans / Car Finance
If you’re in need of some extra cash to buy a new set of wheels, consider Vehicle Finance. Once you’ve found the car you want and have chosen your financing option, you’ll generally have over 12-months to five years, or more, to repay your loan.
5. Student Loans
And finally, don’t let a lack of funds stop you from fulfilling your career goals. A Student Loan will cover any educational costs, giving you the comfort of knowing funds are available for all your studying dreams.
Whichever loan you’re interested in, research as much as you can before making any final decisions. And always try to pay back your loan as soon as possible to avoid excessive interest rates and monthly repayments.