Advance Loan Account
The Advance Loan Account is a personal lending option designed to help you manage unexpected expenses, consolidate debt or fund essential needs.
84
Months to repay
NAD
7 000
Minimum monthly income
Maximum rate prescribed by the Usury Act
Interest rate
Based on affordability*
Maximum loan amount
Some of the benefits
Flexibility
An unsecured lending facility that helps you consolidate debt or access funds when you need financial breathing room.
Protect what matters
Access a full range of insurance solutions designed to protect you and your loved ones when life takes an unexpected turn.
Reliable support
Backed by Africa’s largest banking group, giving you confidence that your finances are supported by scale, stability and experience.
Simplified repayments
Enjoy fixed monthly instalments paid via debit order, making it easier to budget and manage your finances over time.
What you get
- Debt consolidation to provide financial relief
- Interest calculated monthly on the outstanding balance, linked to the maximum Usury rate
- Fixed monthly instalments payable by debit order
- Loan amounts determined by affordability
Benefits
- Unsecured loan , no collateral required
- You can make additional repayments at any time to reduce the interest payable
Loan information
- Fixed monthly repayments
- Repayment terms of up to 84 months
- Loan pricing based on risk profile and affordability
- Early settlement allowed without penalty
Important considerations
- Approval is subject to credit assessment
- Supporting documentation is required
- Loan terms and conditions apply
Key features
- Minimum monthly income
- Net N$7 000
- Maximum loan amount
- Based on affordability.
- Customer must hold a Standard Bank Namibia transactional account with at least one salary payment electronically credited.
Repayment period
- Up to 84 months
- Interest rate
- Maximum rate as prescribed by the Usury Act, calculated monthly on the outstanding balance.
- Loan term
- Up to 84 months
- Need assistance? Email [email protected]
What it costs
- Interest rate capped at the maximum allowed under the Usury Act
How to get it
- Visit your nearest Standard Bank branch with the following documents:
- Valid Namibian identification document
- Proof of latest income
- Proof of residence (e.g. recent electricity or telephone account)
- If not in your name, a confirmation letter from the account holder is required
- Last six months’ bank statements for the account into which your salary is paid
- Clean bank record with regular salary credits
- Invoices or statements for debt to be consolidated
-
What you get
-
Key features
-
What it costs
-
How to get it
- Debt consolidation to provide financial relief
- Interest calculated monthly on the outstanding balance, linked to the maximum Usury rate
- Fixed monthly instalments payable by debit order
- Loan amounts determined by affordability
Benefits
- Unsecured loan , no collateral required
- You can make additional repayments at any time to reduce the interest payable
Loan information
- Fixed monthly repayments
- Repayment terms of up to 84 months
- Loan pricing based on risk profile and affordability
- Early settlement allowed without penalty
Important considerations
- Approval is subject to credit assessment
- Supporting documentation is required
- Loan terms and conditions apply
- Minimum monthly income
- Net N$7 000
- Maximum loan amount
- Based on affordability.
- Customer must hold a Standard Bank Namibia transactional account with at least one salary payment electronically credited.
Repayment period
- Up to 84 months
- Interest rate
- Maximum rate as prescribed by the Usury Act, calculated monthly on the outstanding balance.
- Loan term
- Up to 84 months
- Need assistance? Email [email protected]
- Interest rate capped at the maximum allowed under the Usury Act
- Visit your nearest Standard Bank branch with the following documents:
- Valid Namibian identification document
- Proof of latest income
- Proof of residence (e.g. recent electricity or telephone account)
- If not in your name, a confirmation letter from the account holder is required
- Last six months’ bank statements for the account into which your salary is paid
- Clean bank record with regular salary credits
- Invoices or statements for debt to be consolidated