The Revolving term loan is a structured loan that meets the needs of qualifying customers who require long-term financing. This facility offers a revolving capability after 6 months of good account behaviour, which means you can borrow money again without having to re-apply for a loan. Due to the revolving nature of the product, it does not have a definite repayment period.

Features and benefits

• The loan amount you may qualify for ranges from M10 000 to M55 000
• Loans may be granted for up to a percentage of your net monthly salary
• There is no specific loan repayment term because it is a revolving facility

Who can apply

You can apply for Standard Lesotho Bank Revolving Term loan provided you:

• Have been permanently employed for a period of not less than 12 months
• Earn a net monthly income of M3500 or above
• Are a citizen of Lesotho aged between 21 and 55 years

All you need is an existing Standard Lesotho Bank transactional account which has been open for at least 6 months and into which your monthly salary is deposited.

How to apply

To apply for a RevolvingTerm loan account just visit your nearest Standard Lesotho Bank branch with the following documents: