FAQs - Borrow

Revolving Credit

How can I apply for Ready Cash Facility?

We do not offer this facility anymore. Please check our Easy Credit page if you are interested in applying for an evergreen revolving facility

What are the credit facility tenure options?

There are no tenure options as this is an evergreen line with yearly automatic renewals.

Are there any additional charges?

An annual fee of PKR 3,000 will be charged on automatic renewals.

How do I repay the utilized amount?

You can repay the amount into the Ready Cash Repayment account which will be mentioned on your monthly statement. You can deposit the required amount through drop boxes, walk in at branch, IBFT (Inter Bank Funds Transfer) facility at ATMs. Account holders can also use Online banking, SC Mobile and Client Centre to make the desired payments.

Do I get special privileges as a Standard Chartered Employee Banking Client?

As a Standard Chartered Employee Banking Client, you are offered special mark-up rates.

How much cash can I draw from my Revolving Credit?

You can use 100% of your credit limit on Revolving Credit.

Personal Loan

What are the minimum and maximum loan amounts?

You can avail of loans ranging from Rs 30,000 to Rs 2 Million depending on your eligibility, income and repayment capacity.

What are the loan tenure options?

The loan can be repaid over a period of 12 to 60 months.

Are there any additional charges?

A processing fee will be charged on the loan amount as follows:

  • Up to 100k – 1500
  • 100 - 250k – 2500
  • 250k+ - 1% of loan amount
  • The requisite documentation charges is payable upfront. This fee will be deducted from the Loan amount at the time of disbursal.

How much time will it take for my loan to be approved?

Your loan will be disbursed within 15 working days post receipt of the all required documents.

Do I have to provide any security, collateral or guarantors?

No security, collateral or guarantors are required for obtaining a Personal Loan.

What is EMI?

EMI stands for Equal Monthly Installments. This installment comprises both principal and interest components.

How do I repay the loan?

You can repay the loan by depositing Equal Monthly Installments (EMI's) in your prescribed account.

Can I prepay my loan?

You can pre-pay your loan with early settlement charges as below, however, do ensure that you have informed the Bank for the processing of early settlement.

  • 10% of amount prepaid if prepaid within 12 months.
  • 5% of amount prepaid if prepaid after 12 months.
Do I need to open an account with Standard Chartered Bank for availing and / or servicing the loan?


Swift Finance

What is Swift Finance?

Swift Finance is a running finance facility. It is an efficient, accessible and convenient way of meeting all your short-term liquidity needs. With Swift Finance, you don't have to liquidate your long-term savings and investments that you have set aside to meet your future financial goals.

How is mark-up calculated, and when is it paid?

The mark-up rate charged has both a fixed and a variable component. KIBOR serves as the variable benchmark rate, above which a pre-decided fixed spread is also charged. For example: a customer with a spread of 2% will have mark-up rate of [10% (3MKIBOR) + 2% (Spread)] = 12%. Interest shall be charged on the daily outstanding amount and payable every quarter.

Are there any charges?

Yes, there are processing charges of PKR 5,000 and stamp duty on legal documents at actual. These are deducted from the account automatically once limits are placed.

What is the frequency of the mark-up repayment?

Mark-Up is accrued on daily basis and is payable quarterly.

What are the securities that can be offered to avail this facility?

The following securities can be pledged at present to avail this facility:

  • Local/Foreign Currency Term Deposit
  • Local/ Foreign Currency Savings Account
  • Government Securities (SSC/DSC)
How is the loan amount calculated?

Loan limit shall not exceed 90% of the encashment value of the security offered.

Can I enhance / reduce / cancel limit?

Limits can be cancelled / enhanced / reduced at any time subject to completion of requirements.

What are the associated risks?

Risks may include Interest Rate Risk and Mark to Market Risk.


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Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Compliants relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.


Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.