Personal Loan
The Personal Loan is an unsecured lending solution that gives you access to funds when you need them most,whether it’s for an emergency, education, home improvements or an essential holiday.
NAD
7 000
Minimum monthly income
Based on affordability
Maximum loan amount
Maximum rate as prescribed by the Usury Act
Interest rate
Some of the benefits
Predictable repayments
Fixed monthly instalments make it easier to plan your budget and stay in control of your finances throughout the loan term
Protect what matters
Access a range of insurance solutions designed to protect you and your loved ones when life takes an unexpected turn
Trusted support
As part of Africa’s largest banking group, we offer stability, experience and long term financial support you can rely on
Flexible solutions
Choose a lending solution that fits your income, lifestyle and personal financial goals
What you get
- Interest charged monthly on the outstanding balance, linked to the maximum Usury rate
- Fixed monthly repayments, paid by debit order
- Loan amounts based on affordability and customer segment limits
- Increased limits may be requested as your income grows via internet or cellphone banking
Loan features
- Fixed repayment term of up to 60 months
- Loan pricing based on risk profile and affordability
- Early settlement and additional repayments allowed
Benefits
- Unsecured loan — no collateral required
- You can make extra repayments at any time to reduce the interest payable
Key features
Minimum monthly income
- Titanium (OD002): N$7,000 – N$40,999
- Platinum (OD003): N$41,000 – N$69,999
- Private (OD004): N$70,000 and above
Maximum loan amount
- Loan amounts are subject to the maximum unsecured lending limits per customer segment
- Take over loans are based on affordability and require a Standard Bank Namibia transactional account with at least 6 salary payments electronically credited
Repayment period
- Up to 60 months
Interest rate
- Maximum rate as prescribed by the Usury Act
Loan term
- Up to 60 months
Need assistance? Email [email protected]
What it costs
Pricing
Interest charged at a maximum rate as prescribed by the Usury Act
Interest charged at a maximum rate as prescribed by the Usury Act
How to get it
Qualifying customers can apply via internet banking or cellphone banking by following the on screen prompts.
- You may be required to provide:
- Valid Namibian identification document
- Proof of latest income
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 consistent salary credits
-
What you get
-
What it costs
-
How to get it
- Interest charged monthly on the outstanding balance, linked to the maximum Usury rate
- Fixed monthly repayments, paid by debit order
- Loan amounts based on affordability and customer segment limits
- Increased limits may be requested as your income grows via internet or cellphone banking
Loan features
- Fixed repayment term of up to 60 months
- Loan pricing based on risk profile and affordability
- Early settlement and additional repayments allowed
Benefits
- Unsecured loan — no collateral required
- You can make extra repayments at any time to reduce the interest payable
Key features
Minimum monthly income
- Titanium (OD002): N$7,000 – N$40,999
- Platinum (OD003): N$41,000 – N$69,999
- Private (OD004): N$70,000 and above
Maximum loan amount
- Loan amounts are subject to the maximum unsecured lending limits per customer segment
- Take over loans are based on affordability and require a Standard Bank Namibia transactional account with at least 6 salary payments electronically credited
Repayment period
- Up to 60 months
Interest rate
- Maximum rate as prescribed by the Usury Act
Loan term
- Up to 60 months
Need assistance? Email [email protected]
Pricing
Interest charged at a maximum rate as prescribed by the Usury Act
Interest charged at a maximum rate as prescribed by the Usury Act
Qualifying customers can apply via internet banking or cellphone banking by following the on screen prompts.
- You may be required to provide:
- Valid Namibian identification document
- Proof of latest income
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 consistent salary credits