Revolving term loan

The revolving term loan is ideal for you if you are looking for long-term financing. After six months of good account behavior, this facility offers a revolving capability, allowing you to borrow money again without having to reapply for a loan. Due to the revolving nature of the product, it does not have a definite repayment period.

What does it offer me?

  • You may revolve the facility.
  • Highly competitive interest rates.
  • Loan may be revolved (in multiples of E1,000.00) after six months of regular repayments, subject to good conduct on member’s transactional account.
  • No handling of cash, as the loan is disbursed directly into your transactional or savings account.
  • Structured repayments include loan, interest and insurance.
  • Credit life Insurance embedded.

Who may apply?

To be considered for a Revolving term loan, you need the following:

  • A net income of E3 000.00 per month.
  • Have a transactional account with Standard Bank into which your salary is paid monthly.
  • Repayments of your existing and new loans may not to exceed "installment to income ratio" in line with customer segment offering.

What do I need to apply?

To apply for a revolving term loan you should visit your nearest Standard Bank branch with the following documents:

  • A valid Swazi identity document.
  • Valid passport and work permit if you are an expatriate.
  • Your last three payslips.
  • Confirmation from your employer that your salary gets paid into your Standard Bank account.
  • If you need to open a Standard Bank transactional account, we will provide you a letter for your employer instructing them to pay your salary into your Standard Bank account for the life of the loan.
  • If you are applying for one of the revolving loans and are not already a Standard Bank customer, six months statements from your current bank must be provided.


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