In order for you to request a personal loan as foreigner at FNB, you will need to have a regular source of income. For the bank to know for sure that you have this income every month, they will ask you for your latest payslip and your last three bank statements. So, you might be able to request for a loan at FNB within three months.

Probably the fact that you do not have a work permit was the reason for the loan rejection at Standard Bank. Also, you say you earn minimal expenses; perhaps your salary does not meet the minimum income requested by this bank. If this problem persists and you need cash, you could consider pawning a valuable item. Please visit our articles on the subject so that you know which companies are reliable.

If you are a newly come temporary resident, you might have no credit score at all. If you have already been banking in the country you might check your credit record just like any other South African. Besides, when you ask for a loan at a financial institution, they will also check your credit history.

There are many branches of Standard Bank in Durban where you can go if you have any need for assistance as a foreigner. For instance, you have one just across the Hollywoodbets Kingsmead Stadium. You will also find a branch near the Durban Botanic Garden and another one close to the Farewell Square.

When banks issue loans, they charge for that service. Because they need to make profit out of this business, they put emphasis on making sure applicants will cancel the entire debt. The problem with foreigners that don’t own a valid SA permanent residence is that the bank can’t calculate their affordability as they don’t have a credit score to keep an eye on previous loans they took and, evaluate if they would have a responsible payment. That’s one of the main reasons why it’s so difficult for foreigner to get a loan approval in this country.

if you need to open a bank account with Standard Bank, you can do it as longs as you can prove your monthly salary. Nonetheless, this account won’t mean you qualify for a loan if you are not a South African citizen. What’s more, Standard Bank will accept to open your account but, they would probably reject your loan request as, they don’t tend to lend money to citizens that don’t own their valid South Africa Identity Document.

Yes, in the bank´s webpage and app

He will sure find it difficult to get financial help, like a loan, due to he being a foreigner and not having permanent residence. Unfortunately, a work permit is not enough to be seen as a possible client for a loan. You will have to try to get another solution like, for instance, analyze the chance you have, as a South African citizen, to get the loan approval.

Although you’ve banked with Standard from some years past, they are not among the companies that lend money to foreigner, unfortunately. All the same, you can try other lending entities that are willing to study your case to see if you qualify, regardless of your nationality. For example, FNB will take you into consideration if you have a permanent resident in this country.

Unfortunately, Standard bank won’t accept your loan application if you aren’t South African. Even though this company works with foreigners, they do so only with products such as saving accounts or investments accounts, for instance. But, they don’t issue loans to non-nationals citizens. In fact, banks that do work with foreigners request them to have a valid document proving they have permanent residence in South Africa, before granting the money.

Before a bank issues a personal loan, they study the client’s credit history to be sure they would make their best to repay it properly. What happens with foreigners is that banks can’t evaluate that point. So, if you are trying to get a personal or home loan, you’ll probably get a lot of difficulty on this. However, you may try building your credit history with short term loans, like, payday loans, first in order to show entities you’re capable of repaying.

You can call the bank

We know for sure Standard Bank takes it serious to help non-South African citizens to manage their salary in this country; however, when it comes to offering loans, they have a different look. With this particular product, lending entities find it hard to rely on foreigners, just because foreigners usually lack of credit score. If, through these years, you’ve been taking loans for small credits, for example, and you’ve managed to build that credit score, you may have a chance to get a bigger loan now.

Yes! If you do not possess or you have lost your current SA ID, your passport can serve its function as it indicates you are a south african citizen and currently live in the country

There are some entities that will accept your passport to give you a loan, together with other documents proving certain information like, you currently live in South Africa, for example. All the same, the confirmation of your request would be done after checking your past history taking loans, what’s known as Credit History. Here’s when it may get problematic to be granted a loan if you haven’t built that score with small quote loans before.

Being a Standard Bank’s client does not mean they will accept to issue a loan on your behalf unless you meet all the requirements. One of those requirements is that applicants must be South African citizens and, to present valid documents granted by the government of South Africa to prove this point. So, if you have your SA ID, you are more than welcome to apply to see if your affordability authorizes you to get the loan.

Yes, you can do that in the bank´s official website.