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Revolving Loan

Revolving credit plan product detail
Increase your limit

Already have a revolving facility with us and want to access more funds?
Increase your limit on the Banking App or follow the link below.

Increase limit

Unlock funds effortlessly with revolving credit. Simply repay 15% of your loan to access money on demand without the hassle of reapplying.

Some of the benefits

24/7 Access to funds

Your loan is paid straight into your bank account, which means you can access funds whenever

Quick approval

Get real-time approval when you apply on our Banking App or Online Banking

Pay it off sooner

Use your UCount Rewards Points to help pay off your loan

Online limit increase

Enjoy the flexibility of your revolving credit facility by increasing your limit online
How it works
  • A Revolving Loan enables you to re-access funds once you’ve paid off 15% of your loan
  • Once your loan has been approved, the funds will be paid straight into your bank account
  • You can transfer these funds via Online Banking , the Banking App or ask your banker for assistance
  • This does not increase your repayment, but it might extend the term of your loan
  • Monthly payments are done via debit order, and you can make manual payments over and above the debit order amount
  • Should you choose to settle your loan at any time, you will not be charged penalties
  • You can increase or decrease your loan amount, depending on your needs
  • We offer loan insurance in the event of disability, retrenchment or death
What it costs
  • Your monthly repayment amount doesn't change, enabling you to budget effectively
  • Monthly service fee: R69
  • Once-off initiation fee: Up to R1 207.50 (VAT included), depending on your loan amount
  • Personalised interest rate
Increase your limit

How to increase your limit on Online Banking:

  • Sign into your Online Banking profile
  • Click on the “Borrow” tab
  • Navigate to the “Revolving Credit Plan” tile and select “Increase My Limit”
  • Complete the affordability assessment to see how much you qualify for
  • If your limit increase has been approved, you will receive an estimated quote
  • Select “Continue” and follow the easy steps to complete the process


How to increase your limit on the Banking App:

  • Sign into your Banking App
  • Tap on the “Revolving Credit” tile in the accounts section*
  • Tap on “Apply” on the “Limit Increase” tile
  • Complete the affordability assessment to see how much you qualify for
  • Follow the easy steps to complete the process

If your limit increase has been approved, you will receive the money immediately**.
 

*T&Cs apply: The “Revolving Credit” tile in the accounts section will only appear if you have an existing Standard Bank Revolving Loan. The “Limit Increase” option is only available to customers with an existing Standard Bank Revolving Loan who qualify for a limit increase.
** Approval is subject to credit checks and Financial Intelligence Centre Act (FICA) requirements.

How to get it

Internet Banking:

  • Sign into Internet Banking
  • Click on the “Borrow” tab
  • Complete the affordability assessment and follow the simple steps
  • If your Revolving Loan has been approved, you will receive a final offer
  • Accept the offer

Banking App:

  • Sign into our Banking App
  • Tap on the “More” tile
  • Select “Open a new account” and then tap on “Personal Lending”
  • Navigate to “Revolving Loan” and tap on “See what you can get”
  • Complete the quick application

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

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
  • The latest 3 months’ bank statements, if you don’t bank with us
     
  • How it works
  • What it costs
  • Increase your limit
  • How to get it
  • A Revolving Loan enables you to re-access funds once you’ve paid off 15% of your loan
  • Once your loan has been approved, the funds will be paid straight into your bank account
  • You can transfer these funds via Online Banking , the Banking App or ask your banker for assistance
  • This does not increase your repayment, but it might extend the term of your loan
  • Monthly payments are done via debit order, and you can make manual payments over and above the debit order amount
  • Should you choose to settle your loan at any time, you will not be charged penalties
  • You can increase or decrease your loan amount, depending on your needs
  • We offer loan insurance in the event of disability, retrenchment or death
  • Your monthly repayment amount doesn't change, enabling you to budget effectively
  • Monthly service fee: R69
  • Once-off initiation fee: Up to R1 207.50 (VAT included), depending on your loan amount
  • Personalised interest rate

How to increase your limit on Online Banking:

  • Sign into your Online Banking profile
  • Click on the “Borrow” tab
  • Navigate to the “Revolving Credit Plan” tile and select “Increase My Limit”
  • Complete the affordability assessment to see how much you qualify for
  • If your limit increase has been approved, you will receive an estimated quote
  • Select “Continue” and follow the easy steps to complete the process


How to increase your limit on the Banking App:

  • Sign into your Banking App
  • Tap on the “Revolving Credit” tile in the accounts section*
  • Tap on “Apply” on the “Limit Increase” tile
  • Complete the affordability assessment to see how much you qualify for
  • Follow the easy steps to complete the process

If your limit increase has been approved, you will receive the money immediately**.
 

*T&Cs apply: The “Revolving Credit” tile in the accounts section will only appear if you have an existing Standard Bank Revolving Loan. The “Limit Increase” option is only available to customers with an existing Standard Bank Revolving Loan who qualify for a limit increase.
** Approval is subject to credit checks and Financial Intelligence Centre Act (FICA) requirements.

Internet Banking:

  • Sign into Internet Banking
  • Click on the “Borrow” tab
  • Complete the affordability assessment and follow the simple steps
  • If your Revolving Loan has been approved, you will receive a final offer
  • Accept the offer

Banking App:

  • Sign into our Banking App
  • Tap on the “More” tile
  • Select “Open a new account” and then tap on “Personal Lending”
  • Navigate to “Revolving Loan” and tap on “See what you can get”
  • Complete the quick application

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

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
  • The latest 3 months’ bank statements, if you don’t bank with us
     

You can apply for a minimum loan amount of R6 000 to a maximum loan amount of R300 000. The monthly service fee is R69 and the once-off initiation fee depends on the loan amount, ranging from a minimum of R764.75 to a maximum of R1207.50 (VAT inclusive). Our interest rates are personalised and range from a minimum of prime plus 3% to a maximum of prime plus10.5% as per the NCA regulation. The Annual Percentage Rate (APR) for your personal loan is a maximum of prime plus 10.5%.

Frequently asked questions
What is a revolving loan?

A revolving loan is a continuous line of credit that gives you access to money whenever you need it without having to reapply for credit.

How do I settle my loan?

To settle a revolving credit plan, you can request a settlement letter to obtain the balance that needs to be paid off. You can then manually transfer the full balance into the loan account via the Banking App, Online Banking, or a banker. For the revolving loan to stay settled, the loan will need to be closed.

What is the difference between a revolving loan and a credit card?

Both are forms of revolving credit, but they serve different purposes and have distinct features. A revolving loan typically offers a larger credit limit, making it suitable for significant expenses like home improvements, buying a second-hand car or debt consolidation.

On the other hand, a credit card is designed for everyday purchases and offers benefits such as travel insurance and flight discounts.

Calculate repayments

Work out how much you’ll potentially repay each month

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Are you new to Standard Bank?

Not a problem. Click on “Do I Qualify?” to get an instant free quote on a Revolving Loan, even if you don’t bank with us.

*T&Cs apply  

 

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Redeem Your Reward Points Into Your Personal Loan

If you have a Standard Bank Revolving Credit Plan (RCP) or Term Loan Account, you can now redeem* your Rewards Points via the UCount Rewards Online Mall to reduce your RCP or Term Loan balance.
*Terms and conditions apply

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What we can do for you
What we can do for you

Instead of recommending generic solutions that may or may not be right for you, we prefer to understand your unique situation. Some of the solutions offered through our Debt Care Centre include:

Managing your loans

The best way to stay on top of your debt is to keep it simple. Try these four tips for better debt management.

Managing your credit

Credit empowers you to buy what you want when you need it, but it requires careful management to keep your credit record in good standing

Managing your bond arrears

Missing the payments on your bond can quickly result in losing your home. We can relieve your financial stress by helping you settle your bond through an early sale.

What we can do for you

Instead of recommending generic solutions that may or may not be right for you, we prefer to understand your unique situation. Some of the solutions offered through our Debt Care Centre include:

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