Rating based on 60 reviews

Standard Bank Student Loan

  • Student loans up to R300,000
  • Low-interest starting from 13%
  • Repayment up to 72 months

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Author Standard Bank. Screenshot of Standard Bank website.
[Accessed September 15, 2021]

About Standard Bank

For 150 years, Standard Bank has been the leader in the South African financial market.

At present, the bank has branches in 17 other countries on the continent. It is listed on the Johannesburg Stock Exchange and on the Namibian Stock Exchange. It has strategic partnerships in Africa and China.

three core areas of operation

The bank has three core areas of operation which are banking for private persons and businesses, corporate and investment banking and wealth and liberty. It meets the highest industry standards for customer service and strives to offer the most advanced banking solutions to its customers based on its unique competitive advantage.

Standard Bank Services

If you are studying full time, you will have to pay only interest payments during your studies.

The principal amount is to be repaid upon the completion of your studies. Repayment will be delayed if you have to complete your articles, an internship or community service. If you fail to graduate, you will have to repay the student loan instantly.

Fixed monthly repayments

The monthly repayments are fixed. Their size will be determined upon the initiation of the loan for further studies. If you study part-time, you will have to start the repayment of both the interest and the principal when you begin your studies. This will be done with a debit order. The repayment period is subject to the size of the monthly instalment and to interest rate fluctuations.

Standard Bank – Student loan

  • Loan Type Student loans
  • Interest Rate from 13%
  • Loan Amount up to R300,000
  • Repayment 12 months to 72 months

Benefits of Standard Bank

  • Low-interest rates 
  • Cover your study equipment
  • Get an instant online quote

Student loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

Standard Bank - Helping you find your future

University education in South Africa is expensive but, you can find finance to cover the costs.

You can select from a variety of products designed for the purpose. This Standard Bank student loans review intends to evaluate these particular products and to help you decide on their usefulness to you. Standard Bank is a major provider of financial products and services with long-term experience and traditions. The bank is perfectly reliable to work with. You can expect customer service of top quality as well as highly competitive deals.

Covering more than just study fees

The Standard Bank personal loan for students is designed to cover your tuition fees and your expenses on accommodation, books and study equipment such as a laptop. The total size of these costs will determine the loan amount. The salary income of your surety, typically your parent, will have an impact on the loan amount as well. Generally, you can get the financial assistance which you are looking for.

Pay fixed monthly installments

The repayment of the Standard Bank student loans is designed to favor you as a student. If you study full time, your surety will have to pay only the loan interest every month. In fact, this amount will be deducted from the person's banks account. Once you complete your studies, you will have to repay the principal amount plus any remaining interest.

The repayment term will be predetermined and you will pay fixed monthly installments. This is quite beneficial for managing your finances as a recent graduate. Besides, you will be entitled to a grace period in case you have to complete an internship or participate in a similar type of program.

Competitive interest rates

The interest rates charged by this lender are competitive. They are typically variable and this factor has to be taken into account. The variable rate can lead to changes in the total cost of the loan and its repayment period. It is worth pointing out that if part of the principal is repaid while you are still studying, you will be able to save money. The conclusion of this review is that Standard Bank's student loans are quite favorable and offer a good amount of flexibility.

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Standard Bank is a trusted & reliable provider of student loans

In our review, Standard Bank adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

Standard Bank is a registered credit provider in South Africa: NCRCP15

Customer Reviews & Testimonials

June 2019

I took out a student loan for my daughter and I’m very happy with how competitive Standard Bank’s rates are.

Winnie M
— Mahikeng —

June 2019

Getting my student loan was a lot easier than I thought it would be, thanks to the helpful team.

Gerhard L
— Pietermaritzburg —

Standard Bank Contact

Physical Address

Standard Bank Universal Branch Code

  • 051001

Postal Address

  • PO Box 7725, Johannesburg, 2000, South Africa

Opening Hours

  • Monday 09:00 – 16:30
  • Tuesday 09:00 – 16:30
  • Wednesday 09:00 – 16:30
  • Thursday 09:00 – 16:30
  • Friday 09:00 – 16:30
  • Saturday – Closed
  • Sunday – Closed