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Personal Loan Protection Plan

Personal Loan Insurance

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

In the event of death, the bank automatically writes off the loan

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
How to get it
  • You must have a Personal Loan with Standard Bank.
  • Visit your nearest Standard Bank branch with your valid Identity Document.
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
  • What you get
  • You must have a Personal Loan with Standard Bank.
  • Visit your nearest Standard Bank branch with your valid Identity Document.
  • 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