Benefits

Loan Features

atm easy access cash

Access our Overdraft through your debit card or a cheque transaction on your current account.

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It’s available when you need it. You do not need to apply for this facility every time you don’t have enough cash.

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Overdraw cash from your salary account at the time you need it most to help tide you over the last few days of a difficult month.​

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Secure yourself against unexpected bills with our readily available overdraft facility.

Application Eligibility

  • You must have your salary account with Standard Chartered Bank Nigeria(SCB)
  • You must have good credit bureau history
  • Minimum Salary qualification ₦50,000 Government or private
  • Age requirement: Must be above 21 years old

Application Eligibility

  • You must have your salary account with Standard Chartered Bank Nigeria(SCB)
  • You must have good credit bureau history
  • Minimum Salary qualification ₦50,000 Government or private
  • Age requirement: Must be above 21 years old

Personal Overdraft is a revolving facility targeted at salaried customer with 12 months tenor and usually based on 50% of the net monthly salary of customer. The amount utilized is cleaned up every month once salary is paid and the limit becomes available thereafter.

Yes, you need to bank with us.

Once your application is received at the branch, it takes 24 hours for us to advise you on the status of your overdraft application.

Interest Rate: 1.25% per month, subject to change in money market conditions. However, notifications would be given at least (30) business days before any rate amendments are made.

Late Fees: 1% flat per month on unpaid amount in addition to charging current rate of interest on outstanding amount.

Your outstanding balance is fully repaid monthly upon receipt of your salary into your account maintained with the bank.

Maximum of 50% of the net monthly salary, subject to Single obligor limit equivalent of US$5,000 Overdraft limit and can only be in the same currency as the client’s salary account.

The limit will be renewed annually subject to a satisfactory performance.

Call Us

Call our hotline for further information.

+2348001235000
(Toll free number)

01 2704611 – 4
(When dialing in Nigeria)

+234 1 2704611 – 4
(When dialing from overseas)

Email Us

Alternatively, please drop us an email and we will contact you soon.

Email Us

Locate Us

Visit the branch that is nearest to you.

Find a Branch
Overdraft Loan An instant credit with overdraft facility for Salaried customers.

Disclaimer

This is to inform that by clicking on the hyperlink, you will be leaving www.sc.com/ng 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/ng

 

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