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Guarantees

Guarantees
Guarantees

Guarantees

Empowering business growth


  • Bid on business contracts with confidence
  • Protect your company brand

Increase your eligibility
for large business contracts

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About Guarantees

Provided you qualify, Standard Bank offers Guarantees by Bank (GBB’s) to our customers. It is a written endorsement by the bank that establishes your business as financially sound enough to undertake larger business projects, purchases, or long-term financial commitments.

How it works
How it works

How it works

How it works

  • If you wish to bid for a contract that requires a guarantee of specific funds, Standard bank can fulfil that contractual requirement for you with a GBB If you bid for a contract that needs a guarantee of specific funds, Standard Bank can fulfil that requirement
  • GBB’s are not specific to industries. Your business can operate in any field
  • If you are eligible, the bank issues:
    • Performance Guarantees
      This is an undertaking by the bank to honour a business agreement made between its client and a 3rd party, where a 3rd party is to perform all of their obligations under the contract.
    • Property Guarantees
      A property guarantee is an undertaking that the beneficiary will be paid once transfer of the ownership of the property has taken place.
    • Lending Guarantees
      This guarantees the repayment of funds borrowed by the bank’s customer.
    • Rental Guarantees
      Issued by the lessee to a lessor for rental or lease instalments
What you get
What it costs

What it costs

What it costs

  • R1 244 establishment fee
  • When interest rates go up, the repayment term is extended, so your monthly instalment does not go up
  • View our Pricing Guide for yearly commissions and administration fees

What this means for you

  • A Guarantee by bank can be very valuable for a small enterprise that does not yet have a portfolio of previous financial performance to fall back A Guarantee by bank can be very valuable for a small enterprise
  • A GBB indicates that your company has observed prudent and responsible financial habits

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