Standard Bank Quick Loans

Getting access to the Standard Bank quick loans is as easy as 1,2,3..since you can amke an online application in few minutes.

Although your application documents may take time to be processed, waiting period is not too long.
You will learn the outcome quite quickly, possibly on the same day.
You will have access to the granted funds soon after signing the loan agreement.

To qualify you need to be a salaried employee, earning a monthly salary, a South African citizen and must be aged between 18 and 65 years old.

Your monthly gross salary must be at least R3 000 before deductions and must have a good credit score. If you are blacklisted, chances of getting a loan are minimal
People who are blacklisted have very low chances of getting such a credit product.

Type of loans available are.

The Revolving Credit Plan (RCP) enables you to borrow between R6 000 and R30 000. Once you have repaid 15% of the loan in the form of fixed monthly instalments, you will be able to redraw cash up to a set limit. This solution is highly flexible and convenient, but you must be extremely financially disciplined in order to be able to repay the loan without getting into too much debt.

The Access Loan allows you to borrow cash up to R80 000 for a period from 1 to 5 years. The interest rates are competitive, but are determined based on the individual credit profile of the applicant. The monthly payments are fixed and this is quite beneficial.

This review concludes that the Standard Bank quick loans are quite useful. They are flexible and fairly affordable.

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