Revolving credit plan | Namibia Mobile Site
Namibia
Namibia
Go
Revolving credit plan

Revolving credit plan

The personal revolving credit plan (RCP) offers you an unsecured lending facility aimed at providing you with a continuing line of credit within an agreed limit. You may borrow again on the same loan provided you are up to date with your repayments and have reached the minimum revolving limit of 15% on your account.

What does it offer me?

  • May be used for any purpose
  • Repayments do not increase when funds are drawn
  • Loan dependent on your income

Qualifying criteria

  • Transactional and saving account holders who have their salary deposited electronically into their Standard Bank accounts
  • Professional graduates such as doctors, engineers, attorneys and lawyers who enter the market on the understanding that they are permanently employed and earn a net salary of N$7 000.00 per month. (For Private and Prestige Banking segments, the loan will only be made available to the customer after the 1st salary is deposited electronically into their transactional account)
  • Should a customer move their transactional account to another bank, the RCP facility should be settled in full
  • Need to be 21 years of age and older. (Below the age of 21 years, a guarantor needs to sign suretyship)
  • Proof of Income (Latest payslip)
  • Be a Namibian citizen/have permanent residence
  • Have a clean credit record
  • Earn a minimum income of N$ 7 000 gross per month or more
  • Have a fixed address

How to apply

Visit your nearest Standard Bank branch with the following documents:

  • Proof of income & identity
  • Proof of residence & 6 months statements for new customers