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Weathering through storms together with you.

Assisting SMEs through it all by extending our support to you via SME Assist

Weathering through storms together with you.

Assisting SMEs through it all

We understand how tough it can be for businesses during these trying times. To support your business, we are extending our help to you so that you can focus on what matters most, sustaining your business.

This is our way of supporting your business through tough times

Whatever business you are in, we have solutions that help ease your burden and get your business back on track.

Cash flow booster

    • In recent times, you may need access to extra cash for your business to improve your cash flow. We offer Business Instalment Loan/Financing that is collateral free, fast and convenient. We are also now waiving the 1% structuring fees* so you can enjoy the extra boost to your cash flow.

       

      * Not applicable for Standard Chartered Saadiq as the fee mentioned is not charged in the first place.

    • With global markets and conditions being more volatile now, our vast global network is available to support your business dealings worldwide and you can improve your cash flow with waivers of:
      • Issuance fees for Letter of Credit (LC)/Letter of Credit-i (LC-i)
      • Export handling fees
      • Structuring fees on Trade Facilities*

Operations optimiser

    • We know time is of the essence to get your business back on track. Let Straight2Bank help you manage your business operations on the go from automated payroll to making payments online. To support your business further, we are now waiving the setup and monthly maintenance fees too so you can enjoy more savings for your business.

Risk mitigator

    • We understand risks of currency, interest/benchmark rate and commodity market fluctuations are harder to predict right now. We can help mitigate that risk and protect your business through Forex Hedging. To assist you further, a one-time legal setup fees for FX Forward Limits will be waived upon approval of the limit.

    • In your line of business, we know foreign exchange rates can make or break your business profits. To help you mitigate risk across the globe impacted by the pandemic, we offer preferential FX quotations for over 100 currency pairs.

    • Watching over your business assets is our way of ensuring you can focus on what matters. We have formed a strategic alliance with Allianz General Insurance (Malaysia) Berhad and Syarikat Takaful Malaysia Am Berhad to offer a comprehensive range of insurance/takaful solutions to suit your needs:

                                         

      Allianz Smart Retail Shield
      Put your business on the path of recovery with:

      • Inconvenience Relief Benefit (IRB) extension to the Commercial Fire coverage which provides relief due to closure of your business premises by order of public authorities in the event your employee is infected with a notifiable disease such as COVID-19 while working in the business premises; and
      • The IRB extension also pays up to RM2,000 per day and up to a maximum of 180 days for the duration of work required to repair losses or damage to the insured building. 

      General Islamic takaful solutions for Businesses

      • An array of Shariah-compliant protection products and services for businesses to assure the best quality of care and security that you need.

      Please reach out to us for more information and our business partner will assist in reviewing your policy coverage/certificates

Package Name: SME Assist
Campaign Duration: 14 July 2020 to 30 June 2021

  

Offerings

1. Waiver of 1% structuring fees for Business Instalment Loan*
2. Waiver on issuance fees for Letter of Credit (LC) / Letter of Credit-i (LC-i)
3. Waiver of one-time legal setup fees for FX Forward Limits (excluding Stamp Duty)
4. Waiver of structuring fees on Trade Facilities*
5. Waiver of export handling fees
6. Go-Digital: Waiver of setup and monthly maintenance fees for Standard Chartered Straight2Bank
7. Preferential FX rates
8. Allianz Smart Retail Shield / Takaful Am for Business

   

 

Disclaimer

The information provided on this page is not a contract of insurance for Allianz Smart Retail Shield or Syarikat Takaful Malaysia Am Berhad. The descriptions of cover are a brief summary for quick and easy reference. The precise terms and conditions that apply are in the policy document.

Being the underwriter, Allianz General Insurance Company (Malaysia) Berhad is fully responsible for the products and benefits offered by them, as well as any representations made. Standard Chartered Bank Malaysia Berhad (“the Bank”) is a distributor only. The Bank accepts no responsibility or liability for the plan or the products and services offered by Allianz General Insurance Company (Malaysia) Berhad.

Being the underwriter, Syarikat Takaful Malaysia Am Berhad are fully responsible for the products and benefits offered by them, as well as any representations made. Standard Chartered Bank Malaysia Berhad (SCBMB) and Standard Chartered Saadiq Berhad (SCSB)  are distributors only. The Bank accept no responsibility or liability for the plan or the products and services offered by Syarikat Takaful Malaysia Berhad.

Terms and Conditions

1. The Standard Chartered Bank Malaysia Berhad (“SCBMB”) and Standard Chartered Saadiq Berhad (SCSB) SME Assist 2020 (“Package”) commences from 14 July 2020 to 30 June 2021, both dates inclusive.

2. Client can choose any product they wish to take up independently (can be more than one offer) as below:
i. Eligible for waiver of 1% structuring fees* for Business Instalment Loan upon approval of the loan applied.
ii. Eligible for waiver of Letter of Credit/Letter of Credit-i issuance fees upon approval of the loan/financing applied.
iii. Eligible for waiver of one-time legal setup fees for FX Forward Limits upon approval of the limit.
iv. Eligible for waiver of structuring fees on Trade Facilities upon approval of the loan applied*.
v. Eligible for waiver of 0.1% Export Handling fees upon approval of the loan/financing applied.
vi. Eligible for waiver of setup and monthly maintenance fees for every successful Standard Chartered Straight2Bank’s sign up.
vii. Our Relationship Manager (RM) or Portfolio Manager (PM) will refer interested client to an experienced team of Foreign Exchange experts to help you manage your business with the right advice and risk management by offering the right strategy and solutions.
viii. Our RM or PM will arrange an appointment with our insurance/takaful business partner for interested client to find out more about our comprehensive range of General Insurance/General Takaful.

3. This Package terms must be read with the respective product terms and the relevant banking agreements.

4. Click here to view the full terms and conditions

*Applicable to Standard Chartered Bank Malaysia Berhad only