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Overdrafts
Another benefit that you never knew was there
There may be times when you need some Pak Rupee financing to meet your day-to-day expenses or some sudden business or personal need. An SCB Overdraft comes in handy allowing you to meet these needs. So that you don’t have to encash your government securities or prematurely liquidate your Standard Chartered term deposits.
Everything is taken care of in a few easy steps. You can also get an Overdraft in Pakistan against deposits held with certain Standard Chartered branches abroad.
Exclusive features available to you on Overdrafts:
- Quick and easy processing
- Security of your collateral remains intact
- Competitive mark-up rates
- Financing against Pakistan government securities available
- Repayment of amount outstanding at any time before expiration of the facility
- Standing instructions to charge mark-up
- Mark-up will be calculated on the outstanding balance. This means that you will only pay when you use the facility
