Interest rates and repayment term
Flexible repayment of Standard Chartered credit is one of the points you can count on as an advantage. As we will see below, you can repay this credit over five years, which allows greater financial organisation.
Interest rates start from 11.49% per year, and may vary according to the client’s profile. Be aware that this may change over time in line with new market variations and, also, according to the individual credit analysis of applicants.
The instalment amount is fixed throughout the chosen term, which can vary between 12 and 60 months. And this is interesting because you will not face surprises at the end of the contract, since you will know from the beginning the total amount paid, without suffering from sudden changes in the financial market.
Unsecured credit
In addition to the flexible repayment of Standard Chartered credit, one of the main characteristics is that this is an unsecured product, meaning you do not need to offer an asset as collateral.
The entire application can be made online, with documents submitted digitally, and the release period for the amount varies between 4 to 7 business days after approval and completion of the verification requirements.
Advice for you
Standard Chartered sets out very clear terms on its official website, which you should take time to read to better understand how this credit works. One important point to read is that there are processing fees that can reach up to 2.25% of the total amount.
Another well-known condition is that delays in payments — even though the flexible repayment of Standard Chartered is attractive — will be charged. And these interest rates are normally higher, as the bank must protect itself.
Although it is possible to repay the loan before the final term, this is only permitted after 12 months from the start of the contract and with prior notice of at least 21 business days. But overall, the Standard Chartered personal loan offers a robust alternative, with the credibility of a global bank and a modern digital structure.
How to apply and benefit from the flexible repayment of Standard Chartered credit?
To start your application process and guarantee the flexible repayment of Standard Chartered credit, click the button below to be redirected to the official bank page. Take the opportunity to read the other information about your contract!
