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Standard Bank Personal Loan Calculator

Our Standard Bank personal loan calculator can help you calculate the monthly repayment on your proposed personal loan. It will calculate the likely monthly loan repayment to help you to compare loan options among South African lenders.

All you have to do is to input the loan amount, adjust the loan term then click calculate. It’s that simple. Try it!

Calculate repayments

Get access to your funds again when you’ve repaid 15% of your loan with the option to increase your original amount over time. Your revolving loan is paid straight into your account. Apply for a loan online or on our banking app and get real-time approval. If you have enough Rewards Points, you can pay your monthly installment with UCount Rewards. The option to increase your loan amount at a later stage.

Overview

Minimum loan amountR10,000

Maximum loan amountR300,000

Minimum term (months)1 month

Maximum term (months)60 months

Personal loan interest rates (base)10.25%

Personal loan APR10.25%

Monthly repayments (approx)R757

Total repayments (approx)R27,252

Total interest repayments (approx)R7,252

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR8,000

GO TO Standard Bank of South Africa

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?No

Sponsored No

Telephone0860 123 000

Data accurate as of18.01.2020

GO TO Standard Bank of South Africa

Hide info -

Get the loan you’re looking for at the fixed monthly repayment amount and term you feel comfortable with. Your annual percentage rate for a personal loan will not exceed prime + 17.5%. Apply for a loan online or on our banking app to find out how much you qualify for. Choose to repay your loan over 12 to 72 months. Pay your monthly instalment with your Ucount Rewards points.

Overview

Minimum loan amountR3,000

Maximum loan amountR300,000

Minimum term (months)12 months

Maximum term (months)72 months

Personal loan interest rates (base)17.50%

Personal loan APR17.50%

Monthly repayments (approx)R831

Total repayments (approx)R29,916

Total interest repayments (approx)R9,916

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR8,000

GO TO Standard Bank of South Africa

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Telephone0860 123 000

Data accurate as of18.01.2020

GO TO Standard Bank of South Africa

Hide info -

A cash loan from R2 000 up to R250 000. Fast, paperless application process. Decision in seconds. Cash in your account within 24 hours. Flexible repayment options; choose from 12 to 60 months. Free monthly statement via email or SMS. Customer Protection Insurance. Interest from as low as 15%.

Overview

Minimum loan amountR2,000

Maximum loan amountR250,000

Minimum term (months)12 months

Maximum term (months)60 months

Personal loan interest rates (base)15.00%

Personal loan APR15.00%

Monthly repayments (approx)R796

Total repayments (approx)R28,656

Total interest repayments (approx)R8,656

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR936.50

Minimum monthly incomeR2,000

GO TO RCS

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Telephone0861 729 727

Data accurate as of18.01.2020

GO TO RCS

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Get up to R250 000 over 1 – 84 months. Choose between the amount you want, the monthly installment that suits your pocket, or the option that gives you the lowest interest rate. Credit is approved in minutes and the money is available immediately. Pay fixed monthly repayments.

Overview

Minimum loan amountR50,000

Maximum loan amountR100,000

Minimum term (months)1 month

Maximum term (months)84 months

Personal loan interest rates (base)14.20%

Personal loan APR14.20%

Monthly repayments (approx)R797

Total repayments (approx)R28,692

Total interest repayments (approx)R8,692

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR3,000

GO TO Capitec Bank

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Telephone0860 66 77 89

Data accurate as of12.07.2020

GO TO Capitec Bank

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Loans up to R250,000. Terms between 7 months and 72 months.

Overview

Minimum loan amountR10,000

Maximum loan amountR250,000

Minimum term (months)7 months

Maximum term (months)72 months

Personal loan interest rates (base)15.00%

Personal loan APR15.00%

Monthly repayments (approx)R805

Total repayments (approx)R28,980

Total interest repayments (approx)R8,980

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR2,000

GO TO African Bank

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityNo

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?No

Sponsored No

Telephone0861 111 011

Data accurate as of18.01.2020

GO TO African Bank

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Tired of those expensive repayments? Then switch your personal loans to Absa. It’s easy and with our guaranteed lowest interest rate, you will start saving money immediately. We can switch your personal loans of up to R350 000 and pay your creditors directly.

Overview

Minimum loan amountR15,000

Maximum loan amountR350,000

Minimum term (months)12 months

Maximum term (months)84 months

Personal loan interest rates (base)18.82%

Personal loan APR18.82%

Monthly repayments (approx)R845

Total repayments (approx)R30,420

Total interest repayments (approx)R10,420

Rate typeFixed or Variable

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR2,000

GO TO Absa

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityNo

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feen/a

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Telephone0860 100 372

Data accurate as of12.06.2020

GO TO Absa

Hide info -

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Minimum and maximum loan periods vary between 1 months and 10 years. Comparison interest rates vary between 6.55% and 60% p.a. Total interest repayments vary between R685.05 and R844.12 over the life of the loan. *Comparison rate is based on an unsecured loan of R20,000 for a term of 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

What type of loan are you looking for?

Easy and fast Standard Bank personal loan calculator

The Standard Bank personal loan helps you with a cash injection that can pay for a medical bill, home repairs, holiday, wedding, emergency, or any other larger expense. One of the first important things you should consider before taking out a Standard Bank loan is whether you’ll be able to finish repaying the loan without much difficulty. At CompareLoans, we have created a Standard Bank loan calculator that lets you know what to expect. Read on and find out more about this highly useful, simple, and easy-to-use tool.

How does the Standard loan calculator work?

This calculator uses software that allows you to input the loan amount you want, and the number of months you need to fully repay the loan. The calculator will then give you the monthly instalment amount for the loan you have chosen. Go ahead and use the Standard loan calculator by following these simple steps:

  1. Loan amount: Use the first slider to choose the amount of money you want to borrow.
  2. Loan term: Use the second slider to choose the number of months you need to pay back the loan.
  3. Calculate: Click on “Calculate Repayments” to get instant results.
  4. Give it another try: It may take a while to find a result you’re happy with. Keep adjusting the figures until you find an affordable monthly repayment.

Loan calculator example:

  • Loan amount: R50 000
  • Term: 24 months
  • Estimated monthly repayment: R2614
  • Estimated total cost of the loan: R62 736

As you can see above, once you choose your loan amount and term, you can calculate the monthly instalment amount, which includes interest and other fees.

Types of Standard Bank loan calculators

The Standard Bank loan calculator helps you calculate the monthly repayment amount for different types of Standard bank loans:

Standard Bank personal loan calculator

The Standard Bank term loan is a personal loan that allows you to borrow between R500 and R300 000. The loan term for this type of general-purpose loan varies from 12 to 72 months. You can take any value from each specified range and use the Standard Bank personal loan calculator to find out the monthly instalments for that particular loan.

Standard Bank consolidation loan calculator

With the Standard Bank consolidation loan calculator, you can decide if consolidating your loan is a more affordable and manageable option.

Standard Bank student loan calculator

If you need financial help with your education, you can use the loan calculator to choose an affordable and less costly monthly repayment option. Follow the 4-step process provided in this article to get the best results when using the Standard Bank student loan calculator.

Standard Bank revolving loan calculator

With the Standard Bank revolving loan calculator, you can choose an amount between R10 000 and R300 000. For the loan term, you can choose a period between 1 month and 60 months. Once you click calculate repayment, you’ll be able to see your estimated monthly repayments inclusive of fees.

Why should you know your monthly repayment amount before you take out a Standard Bank loan?

Here are a few, crucial reasons why it is beneficial to know your monthly instalment amount before taking out a loan from Standard Bank:

  • Before making a personal loan application, you already know how much you will be paying every month. This helps you determine if you can afford the loan instalments.
  • It helps you adjust your budget to fit in the monthly repayments.
  • It allows you to calculate the estimated total cost of the loan.
  • Being financially prepared to make repayments will positively impact your credit score since it increases your chances of making the payments on time every month.
  • If you are taking out a debt consolidation loan, you can determine if the loan will be cheaper and more favourable than your existing debt.

What is the next step after using the Standard Bank loan calculator?

The Standard Bank loan calculator is meant to give you a preview of the costs associated with the loan you want to take. After you use the calculator, you might want to look at your finances and the total loan cost and see if you can balance your existing financial responsibilities and the loan repayments.

If you can manage to handle both your monthly financial needs and the loan repayments, you can either proceed to take the loan or keep comparing other loan options from Standard Bank.

What are the other basic loan requirements from Standard Bank?

If you are a South African ready to apply for a student loan, you also have to research and find out what Standard Bank requires from you. The same applies for a personal loan or a debt consolidation loan. The basic minimum requirements include the following documents:

  • Bank statements;
  • Payslips;
  • Proof of employment;
  • Proof of residence – utility bills; and
  • A valid South African ID.

Questions about the Standard Bank personal loan calculator

Are the values returned by the calculator accurate?

The calculator only gives you an estimate of how much the loan is likely to cost you. The actual charges from the bank might differ slightly.

What happens if I don’t use the Standard Bank loan calculator?

The calculator is meant to prepare you and allow you to choose the best loan option. Not using it might result in you missing out on better loan offers. You might also end up taking an expensive loan that you will not be able to pay back.

What is the best monthly repayment amount for me?

It is best to choose a monthly instalment you can afford. However, you’re reminded that the smaller your monthly instalments are, the longer it will take you to pay off the loan. That means you’ll have to pay more in interest. A more cost-effective solution is to choose a monthly repayment amount that helps you minimize interest payments without crowding your budget.

Find out more about debt consolidation loans here.

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