Fast & Easy Cashout from Credit Card – Standard Chartered HK

Instalment Credit Program Key Product Features

Get up to

HKD5,000⁺

Cash rebate exclusive online offers
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.

Loan Amount (HKD)	12 or 24 Months	36 or 48 Months	60 Months
	Cash Rebate (HKD)
$50,000– $129,999	$100	$100	$100
$130,000-$199,999	$200	$300	$500
$200,000-$299,999	$500	$1,000	$2,000
$300,000 or above	$1,000	$2,000	$5,000

Loan Amount (HKD)

12 or 24 Months

36 or 48 Months

60 Months

Cash Rebate (HKD)

$50,000– $129,999

$100

$130,000-$199,999

$200

$300

$500

$200,000-$299,999

$500

$1,000

$2,000

$300,000 or above

$1,000

$2,000

$5,000

“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%

“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%

HKD150,000-HKD299,999

0.15%

3.50%

below HKD150,000

0.23%

5.36%

5.33%

What is the available Instalment Credit/ Credit Cash Amount pre-printed on the direct marketing materials/application form? Is it equal to the final approval amount?
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.
Can the Instalment Credit/ Credit Cash Amount be used for the repayment of the credit card outstanding balance of any of the Standard Chartered Credit Card or MANHATTAN Credit Card under the same Cardholder?
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.
Can I repay my Instalment Credit/ Credit Cash Amount in full early at any time?
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.
Does the Instalment Credit / Credit Cash affect my credit card limit or spending?
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.
How do I know the monthly repayment amount?
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.

What is the consequence for late payment?
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.
Will my credit card limit be increased when applying Instalment Credit /Credit Cash Program?
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.
What are the details of 7-Day Cooling-off Period?
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.

Manage your finances on the go

Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.. Android, Google Play, and the Google Play logo are trademarks of Google Inc.

You're about to leave our website

Instant approval in 30 seconds with one click, and disbursement via FPS*!

Instalment Credit Program / “Credit Cash” Instalment Program

Instalment Credit Program Key Product Features

Easy steps to get instant cash from card with instant approval!

Step 1

Step 2

Step 3

Smart Tips for instant cash out from credit card:

Manage your finances on the go

Terms and conditions

You're about to leave our website

Instalment Credit Program

Instant approval in 30 seconds with one click, and disbursement via FPS*!

Instalment Credit Program / “Credit Cash” Instalment Program

Instalment Credit Program Key Product Features

Easy steps to get instant cash from card with instant approval!

Step 1

Step 2

Step 3

Smart Tips for instant cash out from credit card:

Manage your finances on the go

Terms and conditions

Related Links

Call our hotline: 2282 3322

Smart tips on Early Repayment

Repayment Calculator