Personal line Of Credit (Overdraft Facility)
You’ve got financial needs? Why liquidate your lifetime savings – Instead avail the Personal Life of Credit without liquidating your investments
Personal Line of Credit is an efficient, accessible and convenient way of meeting all your short-term liquidity needs. With this, you don’t have to liquidate your long-term savings and investments set aside to meet your future financial goals and be able to meet your financial needs by paying only a nominal markup.
Personal Line of Credit offers:
- Financing up to 90% of the collateral value
- Avail facility at the most competitive rate in the market
- Markup charged only on the amount utilized and for the number of days utilized
- Get the funds disbursed into your account in 7 working days
Advantages of Personal Line of Credit
Your Personal Line of Credit account works just like a regular Ghana Cedi account. With this facility, you get the following additional benefits:
Competitive Rates: We offer the most competitive interest rates in the market. So you earn substantial returns on your investments and avail Personal Line of Credit facility to balance out your cash needs.
Great Limits: With the Personal Line of Credit you get financing up to 90% of your collateral value
Approved Collaterals: The following collaterals are acceptable to us to offer you the facility:
- Ghana Cedi Fixed Deposits maintained with Standard Chartered Bank
- Foreign Currency Fixed Deposits maintained with Standard Chartered Bank
- T-bills
Easy Access to Cash: With your Personal Line of Credit account, you do not have to restrict yourself to make or withdraw cash from SCB branches only. Now you can withdraw funds from any of our 30 Standard Chartered ATM machines across Ghana. You can also use your VISA Debit Card to make purchases directly from your account. Now you don’t need to carry large cash as your VISA Card is accepted by more than 10 million merchants in more than 160 countries.