Apply Debt Consolidation Program online and drawdown to get up to $1,000 cash coupon!
Please be aware that the Bank will not charge any fees in any format before any loan approval and disbursement, or request any guarantee fund in any format for guaranteeing the approval of any loan. 
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Standard Chartered Personal Instalment Loan Debt Consolidation Program helps you effectively manage your debts and gets your financial situation back in form. It offers you a total lending solution that includes financial analysis and personalised repayment plans. By consolidating your credit card debts into one simple loan, you’ll reduce interest expenses and have the extra cash when needed.

Debt Consolidation Program

Monthly Flat Rate as low as 0.037%1

Extra stand-by cash

Loan amount up to 18X of your monthly salary or HK$2,000,000 (whichever is lower)

Apply now and drawdown to enjoy Online Exclusive Offer:
Up to HK$1,000 Cash Coupon /  10,000

To borrow or not to borrow? Borrow only if you can repay!

Features

  • Better Financial Planning

    One-stop service to consolidate all your outstanding credit card/loan debt.

  • Interest Saving

    Pay off high-interest debts such as outstanding credit cards to reduce your total interest expense.

    How it works? View Example

  • Loan Tenor

    Up to 72-month

  • Online Service Pledge

    Submit your online applications before noon and we will follow up within the same business day

Eligibility

  • Hong Kong Permanent Resident aged 20 or above
  • Fixed Annual income of HK$96,000 or above

Remarks :

  1. The Monthly Flat Rate shown above is for reference and only applicable to selected clients who are also holding a mortgage loan with the Bank. The actual monthly flat rate will be subject to the Bank’s approval on a case-by-case basis.The Annualised Percentage Rate (“APR”) is 3.68% (based on the loan amount of HK$700,000 with tenor of 12-month and the actual Monthly Flat Rate). For client who has applied for tenor 24-month with loan amount of HK$700,000, will be subject to a monthly flat rate of 0.041% and the corresponding APR is 3.96%. For client who has applied for tenor 72-month with loan amount of HK$700,000, will be subject to a monthly flat rate of 0.051% and the corresponding APR is 4.48%. The calculation of APR has taken into account of a handling fee of 1.5% (per annum). An APR is a reference rate which includes the basic interest rate and other applicable fees and charges of a product expressed as an annualised rate.

The annualised percentage rate ranged from 3.68% to 12.57% and flexible repayment period of 12 to 72 months. The Bank reserves the right to determine the applicable interest rate and acceptance of a loan application, which is to be considered on a case-by-case basis in accordance with the client's credit records and other relevant factors.

Example: A customer borrows a 12-month loan of HKD100,000 at a monthly flat rate of 0.219% (APR7.91%), total loan repayment amount is HKD$102,636 (a handling fee of 1.5% per annum has been taken into account).

Terms and Conditions

Offers are subject to Terms and Conditions. Please click here for details.
A. General Terms and Conditions for Standard Chartered Personal Instalment Loan Debt Consolidation Program
  1. Standard Chartered Bank (Hong Kong) Limited (the "Bank") reserves the right of final approval of the Standard Chartered Personal Instalment Loan Debt Consolidation Program ("Loan") and is under no obligation to provide reasons. The Bank also reserves the right to determine the final interest rate, loan amount and terms offered. The Loan is subject to the Bank’s Client Terms and the applicable documents referred to in Part A of the Client Terms (including Personal Loan/Personal Line of Credit/Overdraft Terms and the product brochure, Important Notes and promotional terms (if applicable) and any other documents forming our banking agreement) and such other applicable terms and conditions, as may be issued, varied, amended or replaced by the Bank from time to time. In case of any disputes, the Bank’s decision shall be final and binding.
  2. Upon successful application and drawdown of the Loan, the Bank may, in its sole discretion, determine the amount either being part or all of the approved loan amount which shall be used to pay the outstanding balance(s) of credit card(s) or personal loan(s) held at the other bank(s) / financial institution(s) owed by the client ("Other Loan(s)"). Upon request by the Bank, the client must cancel such other credit card(s) or personal loan(s) account(s) held at the other bank(s) and provide the loan/account cancellation record(s) to the Bank.
  3. The Bank will not accept any application of the Loan for the purpose of settling outstanding amount(s) of Standard Chartered Credit Card / Standard Chartered Co-Branded Card / MANHATTAN Credit Card / MANHATTAN Co-Branded Card account(s) or purpose of financing / refinancing Mortgage Loan(s) with the Bank.
  4. The Bank may, in its sole discretion and also subject to the payment requirements of the loan or repayment account(s) of the Other Loans, disburse the approved loan amount in one or more than one of the manners set out below within five working days upon approval of the Loan:
    1. directly pay part or all of the approved loan amount to settle the Other Loan(s) . Client acknowledges that such other bank(s)/financial institution(s) may charge and/or deduct a handling fee for local telegraphic transfer from the relevant account;
    2. send the approved loan amount or the balance of the approved loan amount for the purpose of payment pursuant to clause (i) above (as the case may be) to the client's correspondent address by way of Cashier's Order(s). Upon receiving the Cashier's Order(s), client must settle the Other Loan(s) accordingly;
    3. disburse part or all of the approved loan amount to the repayment account(s) of the Other Loan(s) directly. The client must settle the Other Loan(s) by directing or authorising the other bank(s)/financial institution(s) to apply the approved loan amount deposited in the repayment account(s) to settle the Other Loan(s) and provide payment record(s) to the Bank upon request.
    The actual date of payment of the Other Loan(s) shall be determined by the other bank(s) / financial institution(s) according to their relevant policies and procedures. The Bank will not be liable for any interests, charges or penalties (if any) arising from or in connection with such payment.
  5. The client shall continue to make payments to such other bank(s) / financial institution(s), in respect of amount owed to it / them until the Loan is approved and the amounts owed to such other bank(s) / financial institution(s) have been settled in full. The Bank will not be liable for any overdue payment, interest or charges incurred as a result of non-payment by the client of the amount owed to such bank(s) / financial institution(s).
  6. Total loan amount drawdown will be subject to a 1.5% per annum handling fee. The Bank will deduct the handling charge for the whole tenor from the final approved loan amount.
  7. If there is any inconsistency or conflict between the English and the Chinese versions, the English version shall prevail.
B. Terms and Conditions for “Online Exclusive Offer” (“Online Offer”)
  1. Clients who have applied for and drawdown the Standard Chartered Personal Instalment Loan Debt Consolidation Program ("Loan") via online application from 1st July 2017 to 31st August 2017 (both dates inclusive) (“Promotion Period”), will be eligible to Online Offer ("Eligible Clients"). Eligible Clients can enjoy up to 10,000 Asia Miles or designated cash coupon of up to HK$1,000 (“Coupon”). The eligibility for the Asia Miles / Coupon shall depend on the Loan amount drawn down and loan tenor, the details are set out in table below:
    Loan Amount (HK$) Asia Miles / Coupon (HK$)
    Applicable to Loan Tenor 12 and 24 months
    $200,000 or above 2,000 or $200
    Applicable to Loan Tenor 36, 48, 60 and 72 months
    $50,000 - $99,999 2,000 or $200
    $100,000 - $199,999 6,000 or $500
    $200,000 or above 10,000 or $1,000
  2. For any Asia Miles rewards, Eligible Clients must have an Asia Miles membership account. Otherwise, an Asia Miles membership account must be set up for the entitlement of the miles. Eligible Clients must have successfully registered online within 1 month from the Loan drawdown date with valid Asia Miles membership information in the name of the Eligible Clients via the online registration form on sc.com/hk/AM to enjoy the relevant Asia Miles. Successful registration cannot be cancelled.
  3. Eligible Clients’ Loan accounts must be valid with no past due or unsatisfactory credit history as determined by the Bank in its sole discretion in order to enjoy the Asia Miles / Coupon.
  4. The Bank will forward the relevant information, including valid Asia Miles membership numbers and English full names of the Eligible Clients, as well as the entitled amount of miles, if any, to Asia Miles Limited only for fulfilment purpose. Relevant Asia Miles will be credited directly to the Eligible Clients’ Asia Miles membership accounts on the 3rd month after the Loan drawdown.
  5. In case the information submitted is incorrect or insufficient as considered by the Bank or Asia Miles Limited or if any of the criteria relating to this Online Offer has not been met, the Bank reserves the right to cancel or forfeit absolutely the entitlement under this Online Offer in its entirely. For the avoidance of doubt, Terms and Conditions of Asia Miles shall apply for mileage redemptions. For details, please visit www.asiamiles.com.
  6. Terms and Conditions of Asia Miles apply for redemption and/or use of Asia Miles. For details, please visit www.asiamiles.com. The Bank is not obliged to notify you of any changes or latest announcements of Asia Miles Limited. Clients understand and accept that the Bank is not supplier of the redeemed items (including Asia Miles). The Bank shall bear no liability relating to any aspect of the Asia Miles and/or redeemed items, including without limitation, their quality, the supply, the descriptions provided by the supplier, any false trade description, misrepresentation, mis-statement, omission, unauthorized representation, unfair trade practices or conduct in connection with the Asia Miles and/or redeemed items provided by the supplier, its employees, officers or agents.
  7. Eligible Clients who do not successfully register for the Asia Miles rewards will automatically be entitled to a Coupon. The redemption letter of the Coupon will be sent out by mail to the respective eligible client’s correspondence address on the 2nd month after the Loan drawdown.
  8. The Bank also reserves the right to terminate the offer and to vary or modify any of the terms and conditions herein from time to time. In case of any disputes, the Bank’s decision shall be final and binding.
  9. If there is any inconsistency or conflict between the English and the Chinese versions, the English version shall prevail.
C. Terms & Conditions for Online Application Service Pledge
  1. The Online Application Service Pledge ("Service Pledge") is only applicable to clients who apply for any Standard Chartered Personal Loans (including Personal Instalment Loan and Debt Consolidation Program) by successfully completing all the required data and submitting the online application forms via the Bank website www.sc.com/hk and providing a valid mobile phone number.
  2. Under the Service Pledge, for any online applications received before 12:00 noon of any business days, a designated staff of the Bank will follow up the applications with clients by calling the contact phone number provided by the clients on the application within the same day before 5:00 p.m. If the online applications are received after 12:00 noon or during non business days, the designated staff of the Bank will follow up the applications with clients on the next business day before 2:00 p.m. If clients cannot be contacted by phone number(s) provided in the application within the above mentioned time, a notification SMS will be sent to clients' mobile number as provided in the online application forms within the same day. The language of notification SMS will be subject to the language of clients' by completing online application forms.
    The Bank received online applications Bank Staff made follow-up calls
    Before 12:00 noon on any business days Same business day before 5:00 p.m.
    After 12:00 noon on any business days or during non business days Next business day before 2:00 p.m.
  3. In any circumstances where the Bank fails to contact client by phone and fails to send out SMS to clients according to requirement stated in point 2 above, a HK$100 Supermarket cash coupon ("Coupon") will be offered to the client. The Coupon will be sent by mail to clients' correspondence address as provided in the online application form, on or before 31 October 2017. To be eligible for this Coupon, the loan applications should not be cancelled by the clients before the Bank's final decision.
  4. Whether the SMS successfully reach the relevant clients will be subject to the record of SMS network provider of the Bank.
  5. The Service Pledge is not available to those online applications with invalid / no correspondence address provided.
    General Terms & Conditions for Offers
  1. Offers consist of offers in section A – C above.
  2. The Coupon (as defined under Section B and C) is not transferable, returnable or redeemable for cash. The use of the Coupon is subject to the terms and conditions as stipulated by the supplier (if applicable).
  3. Clients understand and accept that the Bank is not the supplier of the products/ services purchased from the merchant (including the Coupon). The Bank shall bear no liability relating to any aspect of the products/services/ Coupon, including without limitation, their quality, the supply, the descriptions of goods and/or services provided by the merchant, any false trade description, misrepresentation, mis-statement, omission, unauthorised representation, unfair trade practices or conduct in connection the products / services / Coupon provided by the merchant, its employees, officers or agents.
  4. The Bank reserves the right to amend or terminate the above offers and any of the above terms and conditions from time to time. For any and all matters or disputes regarding the above, the Bank's decision shall be final and binding.
  5. In case of discrepancy between the English and Chinese versions of these terms and conditions, the English version shall prevail.
    Standard Chartered Personal Instalment Loan
    Terms and Conditions for Standard Chartered Personal Instalment Loan

    You need to read this document
    It sets out specific terms and conditions on which we agree to provide you with the products and services you applied here. You must read it in conjunction with our Client Terms, and the applicable documents referred to in Part A of Client Terms (including the Personal Loans/Personal Line of Credit/Overdraft Terms and the product brochure, Important Notes and promotional terms (if applicable)) and any other documents forming our banking agreement. The banking agreement is available to you at any of our branches or our website at www.sc.com/hk. If there is any inconsistency between the approval and any other part of our banking agreement, then the terms in the approval prevails. These terms do not apply to any existing product(s) or service(s) you have with us to the extent that they are subject to separate terms and conditions.

    Meaning of words
    Other than the defined terms here or under the product brochure or promotional terms (if applicable), you also need to refer to the other documents that form our banking agreement which define key words used below. For instance, please note:-

    you means the person named as the "applicant" in the application.

    we (without limiting the meaning defined in Client Terms) or Bank means Standard Chartered Bank (Hong Kong) Limited for this application.
    Important Notes
  1. To be eligible for this personal instalment loan, your annual income has to be HK$96,000 or above.
  2. We reserve the right to determine the loan amount, limit, monthly repayment amount, interest rate or any other offer in respect of the loan applied, or to decline your application in its entirety without giving you any reason for doing so. If your application is declined, no contractual relationship arises between us and you in respect of any product or service requested in your application.
  3. In case if your application is approved, the pricing (such as interest rate and handling fee) will be offered to you based on the credit record you submit to us upon your application. We reserve the right to modify such pricing offered to you by giving you 30 days advance notice based on our credit assessment from time to time including, but not only limited to, your repayment record, credit bureau grading and our prevailing credit policy.
  4. We may have obtained a credit report on the client and any of its sureties from a credit reference agency in considering any application for credit. In the event the client or any of its sureties wishes to access the credit report, we will advise the contact details of the relevant credit reference agency.
  5. We may set off any amount we owe you against any amount you owe us (whether or not the obligation is matured or contingent).
  6. Without limiting the above, our “Notice to Customers and Other Individuals relating to the Personal Data (Privacy) Ordinance and the Code of Practice on Consumer Credit Data” (“Notice”, which is available to you at any of our branches and/or on our website at www.sc.com/hk) also forms part of the banking agreement. We will be using the information you provide to us and for such purposes as set out in the Notice.
  7. We reserve the right to amend the contents and all the important notes or terms and conditions here at any time. In case of disputes, our decision shall be final.
  8. If there is any inconstancy of conflict between the English and the Chinese versions, the English version shall prevail.
    Extract of Personal Loan / Personal Line of Credit/Overdraft Terms

    Part A - Personal Instalment Loans
  1. Choosing the account that is right for you
    We can structure your personal instalment loan to suit your personal banking needs. If you need us to explain any of the features of, or the terms applying to, any personal instalment loan products, please contact us.

  2. The instalment loan
  3. We must provide the loan
    2.1 If we issue an approval, we agree to provide an instalment loan up to the limit. The limit may be different to the limit you applied for.

    Purpose
    2.2 You must use the instalment loan only for the purpose set out in the application or as otherwise approved by us.

    Top up loan
    2.3 If you ask, we may agree to provide a top up loan on terms we notify.
    2.4 You may only make one request for a top up loan on any one business day.

    How we provide the instalment loan
    2.5 Usually we provide the instalment loan by depositing it into the repayment account.
    If we provide the instalment loan by cheque, the cheque is only valid for the period we specify and instalments are payable even if the cheque is not cashed.
    2.6 Fees and charges that are applicable on the instalment loan may be deducted from the instalment loan before depositing it into the repayment account. Please contact us for details of any applicable fees.

  4. Interest, fees and charges
  5. Interest
    3.1 You must pay interest on the instalment loan monthly in arrears at the rate set out in the approval or otherwise in our banking agreement or any other rate we determine from time to time.
    3.2 Interest is payable on the dates set out in the approval, statements or elsewhere in our banking agreement.
    3.3 Interest is calculated on a monthly basis.

    Fees and charges
    3.4 The fees and charges for the instalment loan are set out in the tariff sheet or elsewhere in our banking agreement. Please contact us for further details.
    3.5 We may charge a late payment fee for any overdue payment as set out in the tariff sheet or elsewhere in our banking agreement. Please contact us for further details.

  6. Repayment
  7. Repayment by instalments
    4.1 You must repay the instalment loan in instalments. We notify you the amount of the instalment and each instalment payment date.
    4.2 Any balance owing for the account for the instalment loan (after payment of all instalments) must be repaid on the final payment date we notify you.
    4.3 The instalments are payable even if you do not withdraw any of the instalment loan funds we deposit in the repayment account.
    4.4 If the amount is due on a day which is not a business day, you must pay it on or before the next business day.
    4.5 If we vary the interest rate on the instalment loan, we may vary the instalment amount and the number of instalments.

    Methods of repayment
    4.6 We advise you of the manner in which you must repay the instalments. For example, we may ask you to designate an account for repayment by direct debit and give us documents to facilitate direct debit from that account.
    4.7 You must comply with our usual requirements for the relevant payment method, including any set out in this clause.
    4.8 We start deducting instalments from your repayment account one month after drawdown of the instalment loan.
    4.9 You must ensure that any payment instrument or payment instruction is honoured. For example, you must:
    1. ensure that you have sufficient funds in the account to be debited (including the repayment account);
    2. not stop cheques;
    3. not cancel or vary any payment arrangement (unless we ask you to do so to reflect a change in the instalments) or close or change the account on which cheques are drawn.
    Automatic payment from repayment account with another institution
    4.10 If we require you to repay by automatic payment and the repayment account is with another financial institution you must:
    1. organise a payment arrangement with the other financial institution under which an amount equal to each instalment amount is debited from the repayment account and paid to us on each instalment payment date and give us satisfactory evidence that this is in place; or
    2. provide us with any authority we require to enable us to debit the instalment amount, from the repayment account.
    Payment in full if we ask
    4.11 Despite any other term of our banking agreement, at any time we may demand immediate payment of the instalment loan in full, together with all accrued but unpaid interest, fees and charges in connection with the instalment loan.

    What happens if you do not pay
    4.12 If you do not make an instalment on or before the relevant due date:
    1. the instalment loan plus all accrued but unpaid interest plus any other sum due to us is immediately due and payable; and
    2. we will charge you a late payment fee as set out in the tariff sheet or elsewhere in our banking agreement.
    How we apply payments
    4.13 We may use amounts we receive from any of your instalments to pay interest, fee and charges and insurance premium (if any) rather than to reduce the principal amount you owe to us or to pay amounts you owe us in any order we choose. For example, we may allocate a high proportion of any one or more of your instalments to interest rather than to the principal amount you owe us.

  8. Prepayment
    You may prepay all (but not part) of the instalment loan if:
    1. you give us reasonable notice in writing; and
    2. when you prepay, you also pay all accrued but unpaid interest, fees and charges in connection with the instalment loan (including any early settlement fees as set out in the tariff sheet or elsewhere in our banking agreement). Details of these fees and charges are available by contacting us.
    We may also require you to pay us an amount equal to one month's interest on the instalment loan.

  9. Cancellation
    Our Client Terms set out when you and we may end your use of any product and what you need to do if that happens. This includes immediate payment of the balance owing for the account for the instalment loan. This clause sets out additional circumstances in which you or we may cancel the instalment loan.
    You may only cancel the instalment loan before the drawdown of an instalment loan and within the period we specify. However, we may charge you a cancellation fee (details of which are available by contacting us).

  10. Telephone enquiry
    When we receive an enquiry by telephone, we may verify an enquirer's identity by asking them to provide your Hong Kong Identity Card number (or passport number if you do not have a Hong Kong Identity Card), the loan amount applied for and any other information we see fit. If we genuinely believe the enquirer to be you, you authorise us to disclose the following data to the enquirer:
    1. loan approval status (approved, pending or rejected); and
    2. if the loan is approved, the exact amount approved, the interest rate, the number of instalments, the final payment date and the drawdown date.
    Extract of Service Charges*
    1. Late Payment Charge
    1. HK$1,000 per month
    2. Payable when you do not repay a monthly instalment on or before the relevant due date
    2. Handling Fee
    1. standard rate ranging from 1 – 2% p.a. on the drawdown amount (The final approved rate will be considered on a case-by-case basis. For details, please refer to the letter of the loan approval)
    2. To be deducted from the drawdown amount before depositing it to your repayment account
    3. Early Redemption Penalty
    1. 2.5% of initial loan amount
    2. Payable when you repay the loan in full early

    * For details of the fees and charges as shown on the tariff sheet, please contact any of our branches and /or visit our website at www.sc.com/hk.

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Hotline:
2282 3800^

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^ The operating hours of our Loan Application Hotline from Monday to Friday: 9am - 9pm and Saturday to Sunday; 9am - 8pm (exclude public holidays).
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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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