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| Standard Chartered Personal Loan | Loan Amount | Feature |
|---|---|---|
| Standard Chartered Personal Instalment Loan | Up to 18X salary or HK$2,000,000 | Annualized Percentage Rate as low as 1.98 % |
| Standard Chartered Personal Instalment Loan Debt Consolidation Program | Up to 18X salary or HK$2,000,000 | Loan tenor up to 72 months |
| Standard Chartered Revolving Cash Card | Up to 12X salary or HK$800,000 | First withdrawal amount will be disbursed to the client’s designated repayment account |
Standard Chartered Bank offers a range of personal loans. MoneySMART has summarised their features and the latest offers from SCB for you below. For tips on how to apply for loan and application requirements, check out this article on best personal loan from Standard Chartered.
The application process of the Standard Chartered Personal Instalment Loan is very simple. The loan amount is up to 18X salary or HK$2,000,000. The Annualized Percentage Rate (APR) is as low as 1.98 % with 0% handling fee. Enjoy up to HK$3,000 cash rebate exclusive online offers. Online applications submitted before noon will be followed up on the same business day. Applicants also enjoy a 7-day cooling-off period and early redemption fees waiver.
With the Standard Chartered Personal Instalment Loan Debt Consolidation Program, you can consolidate multiple bills into one single payment and get extra stand-by cash at the same time. The loan amount is up to 18X salary or HK$2,000,000 with as low as 0.092% monthly flat rate. The loan tenor is up to 72 months. Applicants who apply online can enjoy up to HK$3,000 cash rebate. Applications submitted online before noon will be followed up on the same business day. Applicants also enjoy a 7-day cooling-off period with early redemption fees waiver.
The Standard Chartered Revolving Cash Card is characterised by its flexibility. Applicants can re-borrow the repaid amount without application. The loan amount of Standard Chartered Revolving Cash Card is Up to 12X salary or HK$800,000. The interest rate for the first 3 months (p.a) is 2.10% with no fixed repayment amount or maximum loan tenor. Moreover, the first withdrawal amount will be disbursed to the client’s designated repayment account. Applicants can enjoy first-year annual fee waiver and transaction handling fee rebate.
| Standard Chartered Personal Loan | Annualized Percentage Rate (APR) and loan tenor | |
|---|---|---|
| Standard Chartered Personal Instalment Loan | APR: 1.98-5.35%& Loan tenor: 12-60 months | |
| Standard Chartered Tax Loans | APR: 1.98-4.18%& Loan tenor: 6-84 months | |
| Standard Chartered Personal Instalment Loan Debt Consolidation Program | APR: 2.15-48%& Loan tenor: 12-72 months |
Standard Chartered Personal Loan will customise your interest rate based on your financial situation and needs - which is best for you to turn your financial situation around and save on interest on your loans.
The loan amount of the Standard Chartered Bank is substantially higher than other financial providers. It offers up to 18X salary or HK$2,000,000 whereas the other banks usually offer up to 12X salary only.
If you have changed your mind within 7 days after you have taken out your loan, you can repay the loan amount in full with no handling fee or administration fee.
To be eligible to apply, applicants must be at least 20 years old with fixed annual income of HK$96,000 or above.
To apply, applicants are required to submit below documents:
Standard Chartered Personal Loan Charges include:
Standard Chartered Personal Loan offers handling fee waiver, which can greatly reduce the cost of your personal loans.
Early redemption penalty (i.e. 2.5% of the outstanding balance) apply to all Standard Chartered Personal Loan unless applicants decide to repay the loan amount in full within 7 days after you have taken out your loan.
Once the loan is approved, applicants cannot change the loan tenor, but it is possible to request for a higher loan amount and then request for an extended loan tenor.