In this article we will not only provide you with a standard bank personal loan review but will also provide you with some information about the rest of the current products that this bank offers.
They provide personal loans up to R 300,000 and will be paid directly
into your bank account.
These personal loans are lend as a revolving credit loan or a personal term loan.The great "feature" of a revolving credit loan is that once a certain percentage of the total loan amount has been repaid, you will be able to receive that portion again as an advance.
With the personal term loan the bank will provide short to long term
personal loans between R 5,000 and R 40,000. Standard bank provides finance at low competitive interest rates and
with a proper application you will most certainly be approved fast. For an efficient and successful application
make sure to take the following documentation to the bank consultant:
1. ID document
2. Confirmation of physical address.
3. Most recent payslip
They also recently launched a Biz-launch business check account for start up businesses. We assist our client on a weekly basis to open these account.
The big advantage of this account is the capped R 90 per month bank charges for the first year. You also receive allot of vouchers with the opening of this account, one of them a Pastel accounting start-up package. Be sure to ask the consultant at the bank for more information about this product.