Change in Finance Charges for Credit Card Instalment and Personal Loan accounts from 16th January 2024

Dear Clients,
 

With reference to the notice “Revised finance charges update for Credit Card instalment and Personal Loan accounts”, with effect from 16th January 2024, there will be a revision to the finance charges for credit card instalment and personal loan accounts.
 

The following changes will apply:
 

Effective interest rate (“EIR”) for credit card instalment and personal loan accounts will be revised from 26.9% p.a. to 29.9% p.a.
 

Our prevailing terms and other communications to you, including but not limited to credit card terms, pricing guide, applicable terms and conditions will be amended accordingly effective from 16th January 2024.
 

Please refer to this page for further updates.
 

Thank you for banking with Standard Chartered.