Details
Standard Chartered's Revolving Credit facility gives you freedom and flexibility, ensuring you always have cash available for urgent needs. This line of credit is an ideal solution designed to help you meet any unforeseen expenses.
Simply manage your liquidity by withdrawing funds or making payments as and when they are required using your ATM / debit card, cheque book, pay order or even Internet banking.
Special Features
- Credit line up to PKR 2 mn
- Mark-up charged only on utilised amount of the daily outstanding balance
- Evergreen line with automatic yearly renewal
- No security, collateral or guarantors required
- Quick and easy disbursement
- Easy access through cheque book, VISA ATM / debit card and Internet banking
Eligibility
Documents Required
- Copy of Valid CNIC
- Salary Slip
FAQs
- What are the minimum and maximum credit facility amounts?
You can utilise a credit line up to 6x your gross salary or a maximum of PKR 2 mn depending on your eligibility, income and repayment capacity. - What are the credit facility tenure options?
There are no tenure options as this is an evergreen line with yearly automatic renewals.
- Are there any additional charges?
A one-time processing fee of PKR 1,500 will be charged when you sign up, followed by an annual fee of PKR 1,750. - How much time will it take for my facility to be approved?
Your application will be approved within 15 working days upon receipt of the required documents.
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