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: