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Medium term loans

Medium term loans (MTL)

Apply for our medium term loans to ensure your business achieves its long-term financial goals. Monthly instalments are matched to your business cash flow and the loan is for a period of up to five years.

Qualifying criteria

Individuals who’ve been in business for more than 12
months

What does it offer me

  • A term loan may be used to buy or upgrade fixed property, finance fixed assets, capital expenditure or for the setup or establishment of venture costs
  • Competitive interest rates are offered for term loans and may be variable or fixed for the term of your loan
  • Your ability to repay is based on past profitability or cash flow projections
  • Term periods range from one to 60 months

What do I need to apply

Visit your nearest Standard Bank branch with the following documentation:

  • Completed application form
  • Certificate of Incorporation
  • Certificate to commence business
  • Audited financial statement or management accounts
  • Cash flow forecast for the term of the facility
  • Profit and loss projection for the term of the facility
  • Last six months’ bank statements
  • Suretyship of Guarantors
  • Board resolution to acquire the assets
  • Proforma invoice for asset to be acquired

Rates and fees

  • 1% arrangement fee will be charged

Contact us

  • Customer care center - 0819286 / 264612942628 or your Relationship Manager
  • [email protected]