Standard Bank Personal Loan in 30 seconds
It is a fixed-term loan from Standard Bank. You borrow from R1,000 up to R300,000 and repay over 12 to 72 months. The interest rate is personalised to you, up to a maximum of prime plus 17.5%. Insurance is mandatory, and it is not included in the bank’s online calculator. This page shows you what to check before you apply.
Standard Bank Personal Loan in 30 seconds
| Loan amount | R1,000 to R300,000 |
| Repayment term | 12 to 72 months |
| Interest rate | Personalised, up to prime plus 17.5% a year |
| Monthly service fee | R69 |
| Initiation fee | R419.75 to R1,207.50 (VAT included) |
| Insurance | Mandatory |
| Loan type | Fixed term |
| Where to apply | Banking App, Internet Banking or cellphone banking |
| Credit provider | Standard Bank, NCRCP15 |
Source: Standard Bank personal loan page, checked 5 October 2026.
Is this loan for you?
Is this loan for you?
Tap the option that sounds like you.
Standard Bank says you can apply in the Banking App, on Internet Banking or by cellphone banking. Its online guide says you can apply even if you do not currently bank with Standard Bank. The bank also says you can get a quote in minutes.
Standard Bank has an online tool called “Do I Qualify”. Use it to get a quote and see if you could qualify.
Standard Bank says you can use your UCount Rewards Points to help pay off your loan.
The bank’s page lists loans from R1,000. Compare the fees against the amount, because the monthly service fee and the initiation fee apply to every loan.
Standard Bank has a separate Loan Consolidation product. Read its page before you choose between the two.
What does the Standard Bank Personal Loan cost?
Standard Bank lists four costs on its loan page.
- Interest. The rate is personalised. The maximum is prime plus 17.5%, which is the limit under the National Credit Act. With prime at 10.75%, that maximum is 28.25% a year.
- Initiation fee. From R419.75 up to R1,207.50, VAT included.
- Monthly service fee. R69 every month. Over 12 months that is R828 (our calculation: R69 × 12).
- Insurance. Mandatory. Standard Bank’s online calculator excludes it, so your real monthly payment will be higher than the calculator shows.
Ask the bank for your quote, and ask for the insurance amount in rand. Compare the total you will repay, not only the monthly instalment.
Prime rate source: SAnews, 23 September 2026 (repo rate 7.25%).
What do you need to apply?
Standard Bank says that if your online application is declined, you can take it to a branch. Take these three things:
- Your South African ID
- Proof of address, no older than 3 months
- Proof of income
How do you apply?
Standard Bank lists three ways.
- Banking App: More > Open or Add an account > Personal Lending.
- Internet Banking: log in at onlinebanking.standardbank.co.za and choose Borrow.
- Cellphone banking: dial 1202345# and choose option 3. You can request an SMS, and an agent will call you afterwards.
Good to know before you apply
- Insurance is mandatory. Ask for the monthly insurance amount before you accept.
- The rate is personalised. The rate you see in an advert may not be the rate you get.
- The loan amount affects the fee. The initiation fee ranges from R419.75 to R1,207.50, so ask which one applies to your loan.
- Compare quotes. You can ask more than one bank for a quote. Our pages on the Capitec and FNB personal loans cover the same points.
