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Unwrap Double Rewards this Winter

From now to 29 February 2024, spend over HKD3,000 using any credit cards and successfully apply for Credit Card Instant Loan online with a tenor of 24 months to earn extra rewards!

Instalment Credit Program Key Product Features

  • As low as
    0.13%^

    Monthly handling fee, and fee waiver of HK$200 application fee

  • Loans amount up to
    18X

    salary or HKD 1,200,000 (whichever is lower)

  • Up to
    60 months

    Loan tenure

7-Days Cooling-off Period-Repay the Instalment Credit amount in full within 7 calendar days without any charges of handling fee and administration fee.

Tips: Everyone has a personalized APR.

Example#
“INSTALMENT CREDIT” / “CREDIT CASH” AMOUNT
MONTHLY HANDLING FEE AS LOW AS
ANNUALISED PERCENTAGE RATE (APR)*
(FOR 48 MONTHS)
ANNUALISED PERCENTAGE RATE (APR)*
(FOR 60 MONTHS)
HKD300,000 or above 0.13% 3.04% 3.04%
HKD150,000-HKD299,999 0.15% 3.50% 3.50%
below HKD150,000 0.23% 5.36% 5.33%

Remarks

# The Bank has the absolute right to determine the approval of the loan and the final interest rate, which is to be considered on a case-by-case basis in accordance with the client’s credit records and other relevant factors. Instant disbursement is applicable to participating banks in Faster Payment System (FPS) only. The loan amount will be sent to the recipient bank account instantly for approved applications. Crediting to the recipient bank account will be subject to recipient bank’s handling.

^ The Annualised Percentage Rate (“APR”) of tenor 48 months and 60 months are 3.04% and 3.04% respectively (NOT including the application fee of HKD200 and calculated based on the Instalment Credit amount of HKD300,000). An APR is a reference rate which includes the basic interest rates and other applicable fees and charges of a product expressed as an annualised rate. In general, the Instalment Amount is a fixed amount to be charged to the Card Account on a monthly basis, while the APR for the first instalment may be impacted by the loan disbursement date. For APR of other “Instalment Credit” / “Credit Cash” Amount, please contact Standard Chartered Bank (Hong Kong) Limited (the “”Bank””).

* The APRs in the example are calculated based on “Instalment Credit” / ”Credit Cash” amount of HKD50,000, HKD150,000 and HKD300,000 (Not including the application fee of HKD200). The HKD200 application fee waiver only applies to online applications. For applications through other channels, the Bank will levy an application fee of HKD200. The application fee is charged for each “Instalment Credit/Credit Cash” transaction, and will be debited from your Standard Chartered/MANHATTAN Credit Card account one business day after the application is approved. APR is a reference rate, which includes the basic interest rate and other application fees and charges of a product expressed as an annualised rate. For APR of other “Instalment Credit”/“Credit Cash” amount, please contact the Bank.

The operating hours of our Loan Application Hotline are from Monday to Friday: 9am – 9pm.

Smart Tips for instant cash out from credit card:

  • The available Instalment Credit/Credit Cash amount indicates the amount of Instalment Credit /Credit Cash available and such amount is derived with reference to, where applicable, the available credit limit plus the amount eligible for Credit Limit Increase of the designated credit card (“Designated Credit Card(s)”). The approval of the Instalment Credit /Credit Cash Amount is subject to the current status of the credit card account during the period when such application is being considered by the Bank. The Bank has the sole discretion to determine the Instalment Credit Amount to be approved, reject the application and/or increase the credit limit.

  • No. According to the policy adopted by the Bank, the approved Instalment Credit/ Credit Cash Amount cannot be used for the repayment of the credit card outstanding balance of any of the Standard Chartered Credit Card or MANHATTAN Credit Card. If the Instalment Credit Amount/ Credit Cash is used to repay the card outstanding balance, the Bank reserves the right to terminate the promotional offer and the Instalment Credit / Credit Cash Amount would be treated as Cash advance.

  • After the 7 calendar days from the first instalment posted, no alteration of the Instalment Credit/Credit Cash arrangement or cancellation of the application will be accepted. If you choose to repay early at any time during the Instalment Period or the designated Credit Card Account participating in the Program is cancelled due to whatever reason, all remaining Instalment Credit/ Credit Cash Amount and monthly handling fee of the remaining period must be repaid immediately. In addition, an administration fee equivalent to 1% of the Instalment Credit/ Credit Cash Amount or HKD300, whichever is higher, will be debited from the Instalment Credit account. For example, assuming the Instalment Credit/Credit Cash Amount is HKD10,000 and is granted to you with 0.25% monthly handling fee and a 48-month instalment period. If you repay the Instalment Credit/Credit Cash Amount outstanding after the 30th month, you shall be liable to pay the Instalment Credit/Credit Cash Amount outstanding HKD4,017.15 and monthly handling fee for the remaining period HKD182.95 (You could refer to the monthly repayment table in the Confirmation Letter for details), plus an administration fee of HKD10,000 x 1% = HKD100, or HKD300 whichever is higher = HKD300. The above example is for indication purposes only.

  • The Instalment Credit program converts your un-used credit card limit into cash. Client can enjoy the financial flexibility to fulfill your daily needs by making use of any of the credit limit. The credit limit of your Credit Card will be restored with reference to the monthly
    repayment made.

  • The monthly repayment amount (including the principal amount and the handling fee across the tenor) will be printed on the confirmation letter. The apportionment of principal and handling fee is calculated based on the Straight Line Method, please refer to the monthly repayment table in the Confirmation Letter for details. The instalment amount for each month will be shown on your credit card statement accordingly.

  • As you wish, you may follow the minimum payment amount of credit card statement to fulfill the minimum payment requirement. For example if you do not have any retail purchase or other fees and charges in your credit card statement, your minimum payment will
    be the monthly principal plus monthly handling fee or minimum payment: HKD220, whichever amount is higher.
    The finance charge for cash advance under banking agreement will apply if the Statement Balance for the month shown in the
    Statement is not paid in full on or before the Payment Due Date specified in the Statement. For example:
    • Instalment Credit /Credit Cash Amount: HKD120,000;
    • Instalment period: 12 months;
    • Monthly handling fee: 1% of the Instalment Credit/ Credit Cash Amount;
    • The Designated Credit Card does not have other Voluntary Charges such as cash advances or retail purchases,
    the Statement Balance (Minimum Payment Due) for the month will be equal to the monthly repayment amount, which is HKD11,200 (The apportionment of principal and handling fee is calculated based on the Straight Line Method. For details, you could refer to the monthly repayment table in the Confirmation Letter). If the Statement Balance (Minimum Payment Due) is not paid in full on or before the Payment Due Date, in addition to the finance charge for cash advance on the outstanding Statement Balance for the month, you shall also be liable to pay a default charge and a late charge on the outstanding Statement Balance for the month. The above example is for indication purposes only. Please refer to the banking agreement for details of finance charge, default charge and late charge.

  • If you do not have sufficient credit limit in the Designated Credit Card, the Bank may, subject to your consent, increase your credit limit of the Designated Credit Card and/or perform Line Transfer subject to credit status checking of respective credit card accounts upon your request. The Line Transfer amount should be in the multiple of HKD1,000. If Line Transfer or credit limit increase is performed, regardless of the approval status of the Instalment Credit / Credit Cash application, the credit limit of the Designated Credit Card(s) cannot be resumed automatically to their original credit limit upon the confirmation of Line Transfer or credit limit increase. After approval of Instalment Credit/ Credit Cash Amount, the new credit limit of your Designated Credit Card(s) will be stated in approval confirmation letter.

  • 1. The 7-Day Cooling-off Period may be applicable to you if your application for Instalment Credit/ Credit Cash is successful and subsequently repay the Instalment Credit/ Credit Cash amount outstanding in full within 7 calendar days after the post date of the Instalment Credit/ Credit Cash amount.
    2. Any application for the 7-Day Cooling-off Period has to be made through our Customer Service Hotline at 2886 4111 by you personally. Subject to our sole discretion for approving of such application, provided that you repay the Instalment Credit/ Credit Cash amount in full within 7 calendar days from the first instalment posted, we agree to waive the monthly handling fee of the remaining instalment period, the administration fee equivalent to 1% of the Instalment Credit /Credit Cash amount or HKD300, whichever is higher, and the application fee where applicable.
    3. Application for the 7-Day Cooling-off Period may only be made once per Instalment Credit/Credit Cash amount approved.
    4. The Bank reserves the right to alter or terminate the above offers and amend 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.

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