Term Loan
Get a personal loan at a fixed monthly repayment amount and pay it off at a term you feel comfortable with.
R
3 000
Minimum monthly income
R
300 000
Maximum loan amount
12 to 84
Months to repay
Personalised
Interest rate
*
T&Cs apply
Some of the benefits
Personalised interest
Get a personalised interest rate on your fixed-term loan
Apply online
Apply for a loan online or on our Banking App and a get a quote in minutes
Your terms
Repay your personal loan over 12 months to 84 months – the choice is yours
UCount Rewards
You can pay your monthly instalment with your UCount Rewards Points
How it works
- A Term Loan allows you to borrow between R3 000 and R 300 000*, which is then paid back in monthly instalments over a period of 12 to 84 months, depending on the term of your loan
- This type of personal loan has a fixed interest rate based on your personal credit history which means that your monthly instalments will stay the same across the term of your loan
- Once your loan is approved, the funds are paid into your transactional account immediately
- The monthly loan repayments are done via debit order and, if you choose to pay more on your loan, you can also make manual payments over and above the debit order amount
- There are no early termination fees if you choose to pay off your Term Loan sooner
- Get up to 75 UCount Tiering Points for each qualifying* loan up to a maximum of 200 Tiering Points. *UCount T&Cs apply
- Your loan includes credit life insurance that protects you in the event of retrenchment, disability or death
What it costs
- Monthly service fee: R69
- A once-off initiation fee that can be paid separately or included in your loan amount
- Personalised interest rate
How to get it
If you’re a Standard Bank customer:
Banking App:
- Open your Standard Bank App and sign in
- Tap "More" and select "Open or Add an account"
- Select "Personal Lending" and navigate to “Term Loan”
- Tap “See what you can get” and complete the quick application
Visit the Help Centre if you need help applying for a term loan on the app.
Online Banking:
- Sign into Online Banking
- Click the "Borrow" tab
- Complete the affordability assessment and, if your loan is approved, you will receive a final offer
- If you accept the offer, the funds will be paid into your bank account
Cellphone Banking:
- Dial *120*5626# on your cellphone
- From the menu, choose option 3
- Follow the easy steps
- You will receive an SMS on whether your application is successful
- One of our agents will then get in touch with you to proceed
If you’re a non-Standard Bank customer:
Start your application online by clicking on “Do I Qualify” at the top of the page to see how much you can qualify for. Submit the “Call Me Back” form and we will call you back to complete your application. You can also apply by visiting your nearest branch.
What you’ll need:
- Valid South African ID or Smart card
- Be 18 years or older
- Proof of residence not older than 3 months
- 1 Month's payslip
- Last 3 months’ bank statements
-
How it works
-
What it costs
-
How to get it
- A Term Loan allows you to borrow between R3 000 and R 300 000*, which is then paid back in monthly instalments over a period of 12 to 84 months, depending on the term of your loan
- This type of personal loan has a fixed interest rate based on your personal credit history which means that your monthly instalments will stay the same across the term of your loan
- Once your loan is approved, the funds are paid into your transactional account immediately
- The monthly loan repayments are done via debit order and, if you choose to pay more on your loan, you can also make manual payments over and above the debit order amount
- There are no early termination fees if you choose to pay off your Term Loan sooner
- Get up to 75 UCount Tiering Points for each qualifying* loan up to a maximum of 200 Tiering Points. *UCount T&Cs apply
- Your loan includes credit life insurance that protects you in the event of retrenchment, disability or death
- Monthly service fee: R69
- A once-off initiation fee that can be paid separately or included in your loan amount
- Personalised interest rate
If you’re a Standard Bank customer:
Banking App:
- Open your Standard Bank App and sign in
- Tap "More" and select "Open or Add an account"
- Select "Personal Lending" and navigate to “Term Loan”
- Tap “See what you can get” and complete the quick application
Visit the Help Centre if you need help applying for a term loan on the app.
Online Banking:
- Sign into Online Banking
- Click the "Borrow" tab
- Complete the affordability assessment and, if your loan is approved, you will receive a final offer
- If you accept the offer, the funds will be paid into your bank account
Cellphone Banking:
- Dial *120*5626# on your cellphone
- From the menu, choose option 3
- Follow the easy steps
- You will receive an SMS on whether your application is successful
- One of our agents will then get in touch with you to proceed
If you’re a non-Standard Bank customer:
Start your application online by clicking on “Do I Qualify” at the top of the page to see how much you can qualify for. Submit the “Call Me Back” form and we will call you back to complete your application. You can also apply by visiting your nearest branch.
What you’ll need:
- Valid South African ID or Smart card
- Be 18 years or older
- Proof of residence not older than 3 months
- 1 Month's payslip
- Last 3 months’ bank statements
As an example, the estimated repayments of a Term Loan of R30 000 over 36 months at an interest rate of 24.75% would be R1 423 per month. This includes the monthly service fee of R69 and the once-off initiation fee of R1 207.50 (VAT inclusive). Our interest rates are personalised up to a maximum of prime plus 17.5% as per the NCA regulation. T&Cs apply. This example is representative and for illustrative purposes only. It does not constitute a contract. Repayment rates are personalised and may vary.
Frequently asked questions
How do term loans work?
Term loans are loans that have a fixed instalment, a repayment term that ranges from 12 to 84 months, and a fixed interest rate, making monthly repayment amounts easier to budget for.
What is the difference between a term loan and a revolving loan?
A term loan is a loan that is paid back over a set period (term) in regular and equal payments. The interest rate on your loan is fixed.
A revolving loan provides continuous access to credit up to a specific credit limit. Once you have repaid 15% of your loan, you can re-borrow without having to reapply. The interest rate on a revolving loan is variable and the repayments are fixed, but the term of your loan adjusts based on usage.
Are term loans secured or unsecured personal loans?
A term loan is an unsecured loan. This means that you don’t need collateral, and the loan is based on your credit history and your ability to pay the monthly instalments.
Can I extend the term on my loan?
No, a term loan has a fixed term ranging from 12 to 84 months.
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