• Credit line up to Rs. 2 Million
• Markup is only charged on utilized amount on the daily outstanding balance.
• An evergreen line with automatic yearly renewal.
• No Securities, Collaterals or Guarantors required
• Quick and easy disbursement.
• Ease of access through cheque book, VISA ATM / Debit card and internet banking

Benefits for Employee Banking Customers*:

• Waiver of 1st year Annual fee (Rs. 2,500)
• Waiver of Processing Fee (Rs. 1,000)
• 3% discount on Mark Up rates

 

* Customers whose salaries are coming to SCBPL through their companies

• Copy of Valid CNIC
• Salary Slip

	Employee Banking	Non Employee Banking
Pricing	30% APR	33% APR
Processing Fee	Waived	Rs. 1,000
Annual Fee	Waived*	Rs. 2,500
Maximum Limit	Up to 3 times of Gross Income Maximum of Rs. 2M**
TAT	10 working days (subject to completion of application requirements)

 

* For first year only

** State Bank's cap on Maximum Industry-wide Unsecured Limit of PKR 2M, Debt Burden of 50% and Bank's internal checks apply.

Frequently Asked Questions

Q. What are the minimum and maximum credit facility amounts?

You can avail credit lines up to 3 times your gross salary or a maximum of Rs. 2Million depending on your eligibility, income and repayment capacity

Q. What are the credit facility tenure options?

It is an every green line with yearly automatic renewals without any tenure

Q. Are there any additional charges?

A one-time Processing Fee of Rs. 1,000 will be charged*
Annual Fee of Rs. 1,750 will be charged every year**

* Waived for Employee Banking customers

** First year fee is waived for Employee Banking customers

Q. How much time will it take for my facility to be approved?

Your within 10 working days post receipt of the all required documents.

Q. Do I have to provide any security, collateral or guarantors?

No security, collateral or guarantors are required for opening a Revolving Credit line.

Q. Do I need to open an account with Standard Chartered Bank for availing and/or servicing the loan?

Upon approval of your application, two accounts will be opened by SCBPL. One will enable you to draw funds and the other will be for your to make repayments

Q. How do I repay the utilized amount?

You can repay the amount into the RC Repayment account which will be mentioned on your monthly statement. You can deposit the required amount through drop boxes, walk in at branch, IBFT (Inter Bank Funds Transfer) facility at ATMs. Account holders can also use Internet banking and Call center to make the desired payments.

Q. Do I get special privileges as a Standard Chartered Customer?

As a Standard Chartered Employee Banking Customer, your processing fees will be waived and you will be offered special mark-up rates, asked for minimal documentation and your application will be processed on priority

Q. How much cash can I draw from my Revolving Credit?

You can use 100% of your credit limit on Revolving Credit