FOR INDIVIDUAL
For Companies
This is a contract between a borrower and Standard Chartered Bank (a lender) whereby the lender provides the borrower with a certain amount of currency, domestic or foreign, for a period not exceeding one year. Full repayment of principal and interest due to the lender must be paid at the end of the facility period that should not exceed one year. Drawings can be made and repaid throughout the period of the facility. Tenor must not exceed one year and subject to the Bank‟s discretion to suspend / cancel the facility if uncommitted Interest is charged on the individual drawings made under the loan at a rate agreed at the time of the drawing. The drawing is repaid on the maturity of the drawing Repayment, usually there is no repayment schedule, as the loan can be continually drawn & repaid throughout the term of the facility. However, settlement prior to due date would result in a penalty been applied.
The customer should forward the following documents to Standard Chartered Bank for credit evaluation:
On receipt of the above financials OCC will carry out a detail analysis of the information submitted and provided it falls within the acceptable credit requirements of Standard Chartered Bank, a site visit to the company and factory will be done. Terms and conditions pertaining to the borrowing will be listed in the indicative letter of offer by the Standard Chartered Bank to the customer. Once customer accepts the indicative letter of offer, a letter of offer will be sent for acceptance to the company‟s board of directors.
This is to inform that by clicking on the hyperlink, you will be leaving www.sc.com/lk and entering a website operated by other parties:
Such links are only provided on our website for the convenience of the Client and Standard Chartered Bank does not control or endorse such websites, and is not responsible for their contents.
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/lk
