1. Funding Info
  2. COVID-19 relief funds
  3. Banks/Private sector funds now closed

Standard Bank - Commercial Card Instalment Relief

FUND DETAILS

Name of the fund

Standard Bank - Commercial Card Instalment Relief 

Fund administered by                                              

Standard Bank

Type of relief/support                                             

Instalment Relief

Total size of the fund                                                

Not stipulated

Who does the fund target?                           

SMME

Sector target             

Not stipulated

Minimum amount you can apply for     

Not stipulated

Maximum amount you can apply for                               

Not stipulated

NB. THIS INSTALMENT RELIEF WAS OFFERED FROM 1 APRIL 2020 TO 30 JUNE 2020, REPAYMENTS WILL RECOMMENCE FROM JULY. PLEASE SPEAK TO YOUR BUSINESS BANKER FOR FURTHER INFORMATION.

FUNDING CRITERIA FOR THE STANDARD BANK -  COMMERCIAL CARD INSTALMENT RELIEF:

This offer aligns to SME instalment relief criteria of small business customers with an annual turnover of less than R20 million and must be in good standing, however for Corporate Structure Charge Cards the business must opt-in for the instalment relief.

You will be able to unsuspend the account at any time after you have opted in by emailing

CommercialCardCommunications@standardbank.co.za 

ADDITIONAL INFORMATION FOR THE STANDARD BANK -  COMMERCIAL CARD INSTALMENT RELIEF: