Smart Scheme
At Standard Chartered, we pride ourselves in being the right partner to our customers. That is why we have designed a wholly unsecured personal loan product to help you meet your personal finance needs.
Features/ Benefits
- Available to employees of our approved list of scheme companies (such companies must have a signed scheme agreement with SCB).
- No account relationship with SCB required.
- No security/ collateral needed.
- Competitive interest rates.
- Flexible repayment periods of 12months – 48months.
- Borrow up to GHS 25,000 depending on net salary and other terms/conditions.
- Loan is insured; so in case of your death, your relatives have no obligation to the bank.
- Quick processing – we strive to process your application within 24hours.
- Top Up option available (you can assess additional funds after 3 or 9months upon meeting set requirements).
Qualifying Requirements
- Be currently earning a minimum net salary of GHS 150 per month.
- A letter of introduction from your employer.
- Original pay slips (for the last three months).
- Six months bank statement (for certain category of applicants)
- Valid national ID (passport, drivers’ license or voters’ ID with a birth certificate).
- Debt-income ratio must not exceed 45%.