Unique features available on Personal Financing:

• You are eligible for a loan if you are a residing in Karachi, Lahore, Rawalpindi or Islamabad and are a:
  
  
  • Salaried individual
  • Self Employed individual
  • Government employee

• You can avail of a loan of up to Rs. 1.5 Million (for salaried) depending on the length of your work experience and your present, monthly salary and up to 1 Million (for Self employed) depending on your number of years in business and Monthly Average balance.
• Use the loan for whatever you like - a child's wedding, home refurbishment, vacations or even to pay off your credit card balance, the decision on how to utilise the funds is completely yours.
• Your loan gets disbursed into a Standard Chartered Bank account. Use the same account to repay equal, monthly installments through standing instructions or pay your monthly installments in your SCB Bank account as per the Repayment Schedule.

Q. What is the minimum and maximum loan amount?

The minimum and maximum Loan amount you can avail of is Rs 50,000 to Rs. 1.5 Million respectively.

Q. What is the rate of interest offered?

The rate varies between 15 % - 30 % depending on the company you work for and your credit rating.

Q. What is the documentation required?

The documents that you need to submit are:

• CNIC
• Application Form
• Income Documents

Q. How long will the whole process take?

The whole process will take a maximum of 7 to 10 working days.

Q. How much is the processing fee?

The processing fee is a minimum of 1500 or 1% of the loan amount, whichever is higher based on the loan amount.

Q. What is the duration of the Loan?

The duration of the loan is a minimum of 1 year and a maximum of 5 years.

Q. What if I want to repay the Loan early?

You can settle the complete recovery balance of your Loan at any time, subject to a prepayment fee as determined by Standard Chartered Bank.