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Compare the Best Standard Chartered Personal Loans Rates and APRs 2020

Compare Standard Chartered personal loans in Hong Kong. Pick the best APR and apply through MoneySmart to get exclusive offers and cashback now! Read More
100,000 personal loan Paid over 12 Months
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We found 2 Standard Chartered Personal Loans for you!
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渣打銀行 logo

Monthly Payment

HK$8,553

Promotion
APR as low as 1.98%

Standard Chartered Personal Instalment Loan

APR*
4.94%
Total Amount Payable
HK$102,634
Total Interest Payable
HK$2,634
Monthly Payment
HK$8,553
Promotion:
Online Offer up to HK$3,000 Cash Rebate
Valid until 30 Nov 2020 - See T&Cs below
Apply Now
More Details
渣打銀行 logo

Monthly Payment

HK$8,754

Promotion
Up to HK$3,000 cash rebate for online application

Standard Chartered Debt Consolidation Program

APR*
9.6%
Total Amount Payable
HK$105,052
Total Interest Payable
HK$5,052
Monthly Payment
HK$8,754
Promotion:
Online Offer up to HK$3,000 Cash Rebate
Valid until 30 Nov 2020 - See T&Cs below
Apply Now
More Details

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Best Standard Chartered Personal Loan 2020

Standard Chartered Personal LoanLoan AmountFeature
Standard Chartered Personal Instalment LoanUp to 18X salary or HK$2,000,000Annualized Percentage Rate as low as 1.98 %
Standard Chartered Personal Instalment Loan Debt Consolidation ProgramUp to 18X salary or HK$2,000,000Loan tenor up to 72 months
Standard Chartered Revolving Cash CardUp to 12X salary or HK$800,000First withdrawal amount will be disbursed to the client’s designated repayment account

Which Standard Chartered Personal Loan Suits Me the Most?

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.

Standard Chartered Personal Instalment Loan

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.

Standard Chartered Personal Instalment Loan Debt Consolidation Program

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.

Standard Chartered Revolving Cash Card

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)

Standard Chartered Personal LoanAnnualized Percentage Rate (APR) and loan tenor
Standard Chartered Personal Instalment LoanAPR: 1.98-5.35%& Loan tenor: 12-60 months
Standard Chartered Tax LoansAPR: 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

Features of Standard Chartered Personal Loan

1. Low Interest Rate

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.

2. High Loan Amount

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.

3. 7-day Cooling Period

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.

How to Apply for Standard Chartered Personal Loan?

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:

  • HK Permanent ID Card
  • Proof of residential address
  • Latest 1 months’ computer generated Payroll

Standard Chartered Personal Loan Charges

Standard Chartered Personal Loan Charges include:

1. Handling Fee

Standard Chartered Personal Loan offers handling fee waiver, which can greatly reduce the cost of your personal loans.

2. Early Redemption Penalty

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.

3. Change of Loan Tenor

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.

Frequently Asked Questions about Standard Chartered Bank (SCB) Personal Loan

How long does it take for my SCB personal loan application to be approved and disbursed?

It can be as fast as 5 minutes for a preliminary approval, and another 1 hour for loan disbursement.

How will my loan from Standard Chartered be disbursed?

It will be disbursed directly to clients’ designated repayment account upon application approval.

Can I re-borrow the principal amount that has been repaid from my existing loan?

Yes, you can apply. Standard Chartered will process your application and may agree to provide a top up loan

Why should I choose Debt Consolidation Personal Instalment Loan instead of paying minimum payment of my credit card?

If you consolidate all your credit card debts/ personal loan to one bank, you will pay a lower overall interest rate to ease your burden in financial management.

What is the difference between Personal Instalment Loan and Revolving Cash Card?

  • Personal Instalment Loan requires borrowers to repay the principal and interest monthly at a predetermined interest rate based on the loan tenor you selected.
  • Revolving Cash Card is a credit limit granted to you, designed for standby purposes. The interest is calculated based on the drawn amount on a daily basis.