Standard Chartered Supportive Measures

The Covid-19 pandemic has, no doubt, impacted certain individuals and businesses in Brunei. As such, Standard Chartered is introducing the following relief measures for our clients who seek financial assistance, due to the impact of the virus outbreak.

The following relief measures have been put in place.

Funds Transfers

SERVICES
DESCRIPTION
RTGS (Real Time Gross Settlement – BND10) and ACH (Auto Clearing House – BND2) charges
  • Waived until 31st December 2021 when performing inter-bank fund transfers online for all individual,  business and global banking clients.

Credit Cards

SERVICES DESCRIPTION
Card Term Loan                                                       
  • You can apply to convert your credit card outstanding balance into a term loan with a maximum tenor of up to 3 years at an interest rate of 7.5% per annum (Effective Rate is 13.69% based on 36 months tenor).
  • Latest date of application is 31st December 2021.

Personal Loan

SERVICES DESCRIPTION
Principal Moratorium or deferment  
  • You will only need to service the interest on your loan as your monthly repayment.
  • The principal repayment is postponed/deferred during this period.
  • The relief period of principal moratorium must end by 31st December 2021.
Loan Restructuring
  • You can apply to have your existing loan tenor extended for up to 10 years. This will automatically reduce the monthly instalment of your loan.
  • Latest date of application is 31st December 2021.

Home Loan

SERVICES DESCRIPTION
Principal Moratorium or deferment
  • You will only need to service the interest on your loan as your monthly repayment.
  • The principal repayment is postponed/deferred during this period.
  • The relief period of principal moratorium must end by 31st December 2021.

Business Loans

SERVICES DESCRIPTION
Principal Moratorium or deferment
  • You will only need to service the interest on your loan as your monthly repayment.
  • The principal repayment is postponed/deferred during this period.
  • The relief period of principal moratorium must end by 31st December 2021.
Support Measures Covid-19 Standard Chartered Supportive Measures for Covid-19.

Disclaimer

This is to inform that by clicking on the hyperlink, you will be leaving www.sc.com/bn and entering a website operated by other parties:

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The use of such website is also subject to the terms of use and other terms and guidelines, if any, contained within each such website. In the event that any of the terms contained herein conflict with the terms of use or other terms and guidelines contained within any such website, then the terms of use and other terms and guidelines for such website shall prevail.

Thank you for visiting www.sc.com/bn

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