Personal Loan Protection Plan
Personal loan protection covers your Personal loan debt against your death or permanent total disablement. In these circumstances, the outstanding amount owing on your Personal loan will be written off.
Some of the benefits
Affordable
Pay very low monthly premiums
Peace of mind
Gives you a salary post retrenchment or when you are in between jobs.
Loan Repayment Holiday
The bank will not recover monthly installments for 6 months after retrenchment
Cushions you
The Bank won’t recover money from you in case of permanent disability
What you get
- This cover ensures that your outstanding loan will be settled – giving you and your loved ones the security of knowing that there can be no claim against the debt owed.
- For additional peace of mind, premiums are calculated on the monthly outstanding balance of your loan and payable alongside your loan repayments. As you pay off your loan, your premiums will also decrease
How to get it
- You must have a Personal Loan with Standard Bank.
- Visit your nearest Standard Bank branch with your valid Identity Document.
How to claim
In the veent of death, the deceased family to provide the Bank with proof of Death in the form of Death certificate /report and the Bank takes care of the rest.
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What you get
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How to get it
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How to claim
- This cover ensures that your outstanding loan will be settled – giving you and your loved ones the security of knowing that there can be no claim against the debt owed.
- For additional peace of mind, premiums are calculated on the monthly outstanding balance of your loan and payable alongside your loan repayments. As you pay off your loan, your premiums will also decrease
- You must have a Personal Loan with Standard Bank.
- Visit your nearest Standard Bank branch with your valid Identity Document.
In the veent of death, the deceased family to provide the Bank with proof of Death in the form of Death certificate /report and the Bank takes care of the rest.