Choose the smart way to get smart for life with 'Smart Cheque'.
How it works
You can make any payment to educational institutions or any other merchant establishment by 'Smart Cheque' with your Standard Chartered Credit Card. Be it school fees or higher educational expenses, simply call the Bank and state your requirement. Your request will be processed in two working days.
- Minimum transaction value: Rs. 10,000
- Maximum transaction value: Available Credit limit on your Credit Card
- Repayment options:
Option 1 – Select to repay the transaction with a oneoff processing fee of 2% (on the value of the cheque) and monthly interest.
Illustration: For a Rs.10,000 “Smart Cheque” facility, a oneoff processing fee of Rs.200 and a monthly interest rate will be levied.
Option 2 - Select to repay the transaction in equal monthly instalments with a oneoff processing fee. Available tenors are 3, 6, 12 and 24 and the applicable one off processing fee. Illustration: For a Rs. 10,000 transaction.
|Monthly instalment (Rs.)||3,333||1,667||833||417|
|One off processing fee (Rs.)||500 (5%)||800 (8%)||1,400 (14%)||1,700 (17%)|
|Monthly interest (%)||0%||0%||0%||0%|
- 360° Rewards Points/Miles will not be awarded for this facility