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.
What does it offer me
- 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
What do I need to apply
This cover is best suited for clients or potential clients who have a Personal Loan with Standard Bank.
To take out Personal loan protection, just visit your nearest Standard Bank branch with your valid Identity Document.