Standard Bank Business Revolving Credit Plan – Standard Bank has established itself as a global financial and banking institution.
Its influence as a global financing institution has allowed this giant to accumulate valuable experience from a variety of markets and provide solutions that efficiently overcome the financial challenges of businesses and individuals.
Standard Bank’s experience in the South African and global markets has equipped it to tackle the challenges which confront the business sector. One of those challenges is access to finance or credit. Standard Bank has therefore introduced the Standard Bank Business Revolving Credit Plan.
Why choose the Standard Bank Business Revolving Credit Plan?
The Standard Bank Business Revolving Credit Plan offers business banking customers a credit facility which can be used when required. This facility offers a minimum of R10 000 and a maximum amount of R4 million.
The amount a client qualifies for is determined by the client’s ability to repay it. A client is allowed to pay a minimum monthly repayment and the credit limit is then restored automatically after 25% of the loan has been repaid.
The Standard Bank Business Revolving Credit Plan is a great option to consider because documentation is simple, the loan amount is not repayable on demand and fixed monthly installments enhance cash flow management and planning.
You can withdraw to the original amount without having to reapply and repayments are fixed even when you decide to revolve.
This makes the Business Revolving Credit Plan more suitable than an overdraft to buy fixed assets and you can receive application approval quickly.
Standard Bank Business Revolving Credit Plan Contact Details
For more information get in touch with their consultants on tel 011 299 4701 or visit their website www.standardbank.co.za for more details.