Debt consolidation using Standard Bank Further Advance (2nd bond)

If you have a home loan with Standard Bank you may take out what they term the Standard Bank Further Advance, which as they sort to explain as a  second bond. Just like other such loans you can use it to consolidate your debts.

Standard Bank Further Advance is a second bond that you register with Standard Bank and use to gain access to a money that you can use to pay off your debts, i.e. to consolidate your debts under one lower interest loan. Although it’s unlikely that Standard Bank will ask you what you will do with the money they might check that you will be using it wisely to avoid them getting into trouble with the NCR.

Some people confuse the Further Advance product with Re-Advance product. With Further Advance you can use the money for anything else you would like, but with the Re-Advance you use it to make alterations and improvements to your current property, but this will require that you give supporting documents like approved building plans and quotations. This is the only difference between these two products so make sure you choose the correct product so as to consolidate your debts with Standard Bank home loan.

If you would like to read more about how best to consolidate your debt please click here.

25 thoughts on “Debt consolidation using Standard Bank Further Advance (2nd bond)

  1. Edward Coetzee Reply

    I would like to consolidat my debt with a 2bond if u can help me plz let me know.thank u

  2. Nomonde Skrishi Reply

    I wish to apply for the 2nd Bond, (Standard Bank Furthher Advance since I have a bond with you already. How do I go about doing that? Can I apply on line or do I need to visit the nearest branch. How long does it take to be approved?

  3. shahied sonday Reply

    I have a home loan with standard bank and was declined a further advance because of my credit rating. This would be the solution to my financial problems. Would you please assist as FNB declined me and I banked with them,even though they have direct access to my account. I need your help.

  4. kagiso Reply

    can u please help me consolidate my debts, just to pay only one bank

  5. Shahied Sonday Reply

    I have a home loan with standard bank and was declined a further advance because of my credit rating. This would be the solution to my financial problem. Would you please assist. I need your help.

  6. Vuyelwa Sintwa Reply

    I would like to apply for a second bond so as to be able to consolidate all my depts

  7. ayesia moola Reply

    I would like to apply for a second further bond to consolidate my debt

  8. Thys Kruger Reply

    I need some more information about the further advance. I have two accounts that is behind and wish to consolidate my dept.

  9. Lesego Reply

    I would like to get a second bond in order to pay off my other debts and manage only one installment.

  10. sonia Reply

    I woul like to apply for a further advance can you please contact me with all the details….

    Thank You
    SONIA

  11. Gerald OMalley Reply

    Good day I have a home loan with Standard Bank would like to apply for futher adavance please advise how to go about online

  12. Donovan Reply

    I have an account like that but it was called Client Assist.I am behind with my account but I have money in my Homeloan Advance account.So I would like to know if the Homeloans Dept can take some of that money to cover my arrears just fir me to get up to date.It was just something that cross my mind.Wait on responds,thanx.

  13. Salogran Pillay Reply

    I would like to consolidate my debt and I wish to apply for the 2nd Bond, (Standard Bank Furthher Advance since I have a bond with you already. How do I go about doing that? Can I apply on line or do I need to visit the nearest branch. How long does it take to be approved?

  14. Belinda Smith Reply

    I would like to apply for a re advance on my bond please. I currently have a bond with standard bank.

  15. Deon Reply

    Hi
    Why does banks decline further advance loan due to they have home loan accounts with the banks.Although you have a few accounts behind still paid it .Anyone who can assist thanks.

  16. Augustine zondi Reply

    I’ve just made an application for a readvance but after reading your comments I’ve realised that I should have applied for further readvance .is it possible to change application ?

  17. Randhir Reply

    Hi there,

    I would like to apply for standard bank further advance 2nd bond.

    Kindly assist us.

  18. ashley smith Reply

    Hi I am currently busy with a further advance on my bond to consolidate my debt ,Standard bank did not ask what do I want to do with the money how will they know that this is my plan to consolidate all my debt ,must I indicate to them that this is my plan or will they see ???

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