Easy Payment Plan

When purchasing BHD 100 or more with your Standard Chartered credit card, you can now spread the payments over 6-24 months with our Instalment Plans.

Advantages of Easy Payment Plan:

Low interest rates
Low interest rates on payments made on credit card purchases.

Easy
No paperwork needed. One call is all it takes for us to take your request.

Convenient
Convenient monthly repayments at preferential rates.

 

How to apply for a Easy Payment Plan?

Step 1:
Call us on 17531532 and ask about Easy Payment Plan, within 30 days of transaction*.

Step 2:
Your request will be forwarded to a sales agent who will explain the plan details.

Step 3:
Repay with a fixed monthly amount at a low interest rate.  

Fees and Charges

Fees and charges are subject to change. All fees and charges listed are inclusive of Value Added Tax (VAT), where applicable.

Details Charges
Interest Rate Up to 1.25% monthly
Processing Fee Up to 5.50%
Early Settlement Charge 1.10% or BHD 110, whichever is lower

Interest rates may be subject to change at the Bank’s discretion.

Terms and Conditions

Easy Payment Plan
  • *Transactions must be converted into Easy Payment Plans (Easy Pay) within 30 days of the date of the transaction. The bank may at its sole discretion also accept requests to convert into Easy Pay after 30 days of the date of transaction if the request is received and conversion of plan happens within the subsequent statement cycle following the statement cycle where the transaction has been posted.
  • The amount equivalent to the Easy Payment Plan (Easy Pay) will be blocked on the Credit Card. For every monthly instalment paid, the equivalent amount will be automatically released to the Credit card available amount.
  • For transactions converted into Easy Pay prior to the due date of the transaction, no retail interest will be charged for the transaction. Transactions that are converted into payment plans after the due date of the transaction, will accrue retail interest from the posting date of the transaction until payment of transaction or the date of conversion into Easy Pay whichever is earlier, at the card prevailing rate.
  • All other outstanding amount on your credit card shall continue to accrue interest at the prevailing interest rate.
  • Processing time for the plan is approximately 2 to 3 working days.
  • The Bank may, in its sole and absolute discretion and without notice, withdraw or revise the Easy Pay. This will have no impact on any existing plan you hold.
  • The Easy Pay will be made available at the sole and absolute discretion of the Bank to selected credit card members
  • Easy Pay may not be processed in case the retail balance is less than the amount for booking at the time of processing the Easy Pay.
  • The plan will commence on the statement date following the plan booking date (Plan commencement date)
  • Initial interest will be featured in the following statement. (Applicable for Interest-based Easy Pay plans). This will be charged at the rate applicable to the plan booked for the number of days between the posting date of the transaction and the plan commencement date (see below for illustrative purposes)
    Plan amount
    (BHD)
    Posting date of the transaction Plan commencement date Plan rate Number of Days Initial Interest
    1,000.00 10-Apr 21-Apr 15% 11 BHD 4.583
    1,000.00 15-Apr 21-Apr 15% 6 BHD 2.500
  • For transactions converted after the due date of the transaction, the initial interest will only be applicable for the number of days from the plan booking date until the plan commencement date.
  • A onetime processing fee will be charged for Fee-based Easy Pay plans.
  • The Easy Pay offer is governed by the applicable laws in the Kingdom of Bahrain

Please visit https://www.sc.com/bh/help-centre/form-centre/ for credit card & Client terms and conditions.

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Disclaimer

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