Budget Flex
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Unexpected spending can quickly throw your budget off track. Budget Flex is an interest free short term loan designed to help you recover faster by spreading the cost of recent card purchases into smaller, structured repayments, so you can stay on track without long-term debt.
R
10 000
MAXIMUM LOAN AMOUNT
R
750
MINIMUM LOAN AMOUNT
2 TO 4
MONTHS TO REPAY
Personalised
MONTHLY SERVICE FEE
Some of the benefits
Flexible repayment
No need to commit to long-term debt. Pay off your short-term loan within 2 to 4 months
Get relief without delay
Access cash within minutes through the Banking App – no paperwork needed
Interest-free
Only pay a once-off and a monthly service fee – no hidden costs
Regain control of your budget
Spread the cost of recent spending into manageable repayments to help bridge short-term financial gaps
How it works
- Choose up to 3 eligible purchases made on your debit or cheque card in the last 60 days
- Spread the cost of those purchases into a short-term loan
- Choose your repayment term: 2, 3, or 4 months
- Confirm your repayments with DebiCheck. Repayments will be automatically deducted from your account on your salary date
- Get your funds paid into your primary account within 30 minutes*
Note: Initiation fee will be charged per Budget Flex loan.
*T&Cs apply.
Qualification criteria
You need to:
- be 18 years or older
- be a South African citizen or permanent resident
- have an active Standard Bank transactional account
- be pre-selected for Budget Flex based on eligible debit card and cheque card transactions
What it costs
- Zero interest fees
- Personalised initiation fee
- Monthly service fee: R34.99
How to get it
- Sign into your Banking App
- Tap on your primary bank account tile
- If you qualify, a Budget Flex tile will appear
- Tap “Learn more” and select up to 3 recent purchases that you want to pay off over 2 to 4 months
- Tap “Next”
- Approve your DebiCheck mandate
- Once approved, the funds will appear in your account within 30 minutes*
*T&Cs apply. The offer will only be shown to you if you qualify for Budget Flex.
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How it works
-
Qualification criteria
-
What it costs
-
How to get it
- Choose up to 3 eligible purchases made on your debit or cheque card in the last 60 days
- Spread the cost of those purchases into a short-term loan
- Choose your repayment term: 2, 3, or 4 months
- Confirm your repayments with DebiCheck. Repayments will be automatically deducted from your account on your salary date
- Get your funds paid into your primary account within 30 minutes*
Note: Initiation fee will be charged per Budget Flex loan.
*T&Cs apply.
You need to:
- be 18 years or older
- be a South African citizen or permanent resident
- have an active Standard Bank transactional account
- be pre-selected for Budget Flex based on eligible debit card and cheque card transactions
- Zero interest fees
- Personalised initiation fee
- Monthly service fee: R34.99
- Sign into your Banking App
- Tap on your primary bank account tile
- If you qualify, a Budget Flex tile will appear
- Tap “Learn more” and select up to 3 recent purchases that you want to pay off over 2 to 4 months
- Tap “Next”
- Approve your DebiCheck mandate
- Once approved, the funds will appear in your account within 30 minutes*
*T&Cs apply. The offer will only be shown to you if you qualify for Budget Flex.
Frequently asked questions
Which transactions are eligible for Budget Flex?
- Any qualifying debit or cheque card purchases made in the last 60 days
- Some transactions, like gambling or certain merchants, aren’t included
- You’ll only see eligible purchases in the app that you can select
How do I change my Budget Flex repayment details?
To update your repayment details, you can:
- Call our Standard Bank Call Centre on 0860 123 000
- Visit your nearest Standard Bank branch
- Contact your Private Banker (if applicable)
If you switch to another bank, please update your debit order details to avoid missed payments.
Can I settle my Budget Flex early?
Yes, you can settle your Budget Flex at any time without penalties.
How can I make extra payments toward my Budget Flex?
You can make additional payments via EFT from any bank into your Budget Flex account.
How many Budget Flex loans can I have at the same time?
You can have up to 3 Budget Flex loans at once, each up to R10 000 (total maximum R30 000). We will verify your income and expenses to ensure affordability.
What happens if I miss a payment?
Please contact our collections team on 0860 100 1868 to make a payment arrangement or make a manual payment.
Missed or late payments may affect your credit history and lower your credit score.
Which account will my Budget Flex funds be paid into?
Once approved, your funds are automatically paid into your Standard Bank transactional account. You’ll receive an in-app notification when the money has been paid into your account.
What should I do if I have a question, query, or need help understanding something about Budget Flex?
For any Budget Flex query, please call 0860 123 000, visit your nearest Standard Bank branch, or contact your Private Banker. Our team will be happy to assist you.
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