Fixed Payment Plan

Instantly avail cash of up to 80% of your available credit card limit. You can repay the amount in instalments for up to 24 months. No documents required. No application form needed.

Advantages of Fixed Payment Plan:

Flexible
Enjoy the flexibility of transferring funds from your Standard Chartered credit card to your preferred bank account or credit card in Bahrain.

Access cash at a low interest rate.
Access to cash when you need it at lower interest rates.

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

Convenient
Make repayments at your preferred tenor from 6,12,18 and24 months.

 

How to apply for a Fixed Payment Plan?

Step 1:
Call us on 17531532 and ask about Fixed Payment Plan.

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 5% Value Added Tax (VAT), where applicable.

Details Charges
Interest Rate Up to 1.25% monthly
Processing Fee Up to 5.25%
Early Settlement Charge 1.05% or BHD 105, whichever is lower

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

Terms and Conditions

for Fixed Payment Plan
  • The amount equivalent to the Fixed Payment Plan (FPP) 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 .
  • The Credit Card balance should be maintained until the Loan on Card amount is transferred to a designated account
  • All other outstanding amounts on your credit card shall continue to accrue interest at the prevailing credit card interest rate.
  • Processing time for the loan is approximately 2 to 3 working days
  • The Bank may, in its sole and absolute discretion and without notice, withdraw or revise the Fixed Payment Plan (FPP) programmes. This will have no impact on your existing plan.
  • This FPP will be made available at the sole and absolute discretion of the Bank to selected credit card members.
  • The FPP offer is governed by the applicable laws in the Kingdom of Bahrain
  • Initial interest will be featured in the following statement and Equal Monthly Instalments (EMI) will be paid from the next month’s billing cycle. (Interest Based).
  • A onetime processing fee will be charged for Fee based Fixed Payment plans
  • The FPP amount requested will be debited from the Standard Chartered Credit Card (“credit card “) and will be remitted to the bank account specified by way of an electronic funds transfer within 3 working days from the date of the approval of the application by the Bank, if applicable

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

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Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.

Disclaimer

Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.

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