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Bn covid supportive measures banner

Standard Chartered Supportive Measures for Covid-19

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 (From 1 April until 30 September 2020)
SERVICES
DESCRIPTION
RTGS (Real Time Gross Settlement – BND10) and
ACH (Auto Clearing House – BND5) charges
Waived when performing funds transfers online and over the counter for all individual, business
and global banking clients.
Credit Cards (From 1 April until 30 December 2020)
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 13.5%.
– Applicable for self-employed clients or private sector employees.
– Assessment terms and conditions will apply.
Personal Loan (From 1 April until 30 December 2020)
SERVICES DESCRIPTION
Principal Moratorium or deferment – You can apply for a Principal Moratorium for a period of up to 12 months.
– You will only need to service the interest on your loan as your monthly repayment.
– The principal repayment is postponed/deferred during this period.
– Applicable for self-employed and private sector employees
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.
Home Loan (From 1 April until 30 December 2020)
SERVICES DESCRIPTION
Principal Moratorium or deferment – You can apply for a Principal Moratorium for a period of up to 12 months.

– You will only need to service the interest on your loan as your monthly repayment.

– The Principal repayment is postponed/deferred during this period.

– Applicable for self-employed and private sector employees.

Business Loans – Business Instalment Loan, Property Term Loans (From 1 April until 30 December 2020)
SERVICES DESCRIPTION
Principal Moratorium or deferment – You can apply for a Principal Moratorium for a period of up to 12 months.

– You will only need to service the interest on your loan as your monthly repayment.

– The Principal repayment is postponed/deferred during this period.

Important Information