Standard Chartered Bank (SCB) Personal Loan
Standard Chartered Bank is Malaysia's first and oldest back with over 140 years of history when its first branch opened for business at Beach Street in Penang.
Compare Personal Loans by Standard Chartered Bank Malaysia
About the loan
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Features
| profit rate | from 6.99% p.a. |
| effective profit rate | 12.49% p.a. to 21.79% p.a. |
| minimum financing tenure | 12 months |
| maximum financing tenure | 60 months |
| minimum financing amount | RM 3,000 |
| maximum financing amount | RM 250,000 |
Benefits
- an unsecured Islamic personal financing calculated based on a fixed profit rate
- Syariah-compliant based on the concept of Commodity Murabahah
- wide range of tenures to suit your needs from 12 to 60 months
- simple and affordable financing facility
- no collateral or guarantor required
- non-compounded interest rate
- no hidden fees, no processing fees
- no lock-in period
- for early settlement, only 1 month's written notice in advance is required
How The Islamic principle of Commodity Murabahah works?
- Standard Chartered Saadiq makes a purchase of commodities from approved brokers
- Commodities that are purchased will now be sold to you at a price inclusive of a fixed profit margin, in a deferred payment arrangement
- Upon completion of sales, Standard Chartered Saadiq sells the commodities to approved brokers, effectively acting as your agent
- The proceeds from the transaction will be deposited into your designated Standard Chartered Saadiq account
Eligibility
- minimum monthly income - RM5,000
- minimum age - 21 years old
- maximum age - 65 years old
- credit history - no bad payment history / no bad CTOS or CCRIS record
Fees & Charges
- stamp duty - 0.5% of the total approved financing amount
- late payment penalty - 1% per annum calculated on a daily rest basis (non-compounded) or any other rate as stipulated by BNM from time to time
- processing fee - waived
Documents Required
| Category | Documents to prepare |
| Salaried Malaysians (public and private sector) | compulsory
|
| Self-employed Malaysians | compulsory
|
Features
| interest rates | from 6.99% p.a. |
| minimum loan amount | RM 3,000 |
| maximum loan amount | RM 250,000 |
| minimum loan tenure | 12 months |
| maximum loan tenure for new-to-bank customers | 60 months |
| maximum loan tenure for existing SCB customers | 84 months |
Benefits
- attractive interest rates from 0.583% per month (flat rate)
- simple, unsecured loan
- no collateral or guarantors required
- flexible repayment tenures from 12 to 84 months
- high financing amounts up to RM250,000
Eligibility
- minimum monthly income - RM5,000
- minimum age - 21 years old
- maximum age - 65 years old
- nationality - for Malaysians and permanent resident only
- credit history - no bad payment history / no bad CTOS or CCRIS record
Fees & Charges
- stamp duty - 0.5% of the approved loan amount
- late payment fee - 1% per annum of the outstanding amount
Documents Required
| Category | Documents to prepare |
| Salaried Malaysians (public and private sector) | compulsory
|
| Self-employed Malaysians | compulsory
|
Features
| interest rates | from 5.50% p.a. |
| minimum loan amount | RM 3,000 |
| maximum loan amount | RM 250,000 |
| minimum loan duration | 12 months |
| maximum loan duration for new-to-bank customers | 60 months |
| maximum loan duration for existing SCB customers | 84 months |
- an unsecured personal loan that works together with a credit card
- every monthly loan repayment on the principal amount will be converted into your credit card limit
Benefits
- low monthly instalments
- competitive and affordable interest rates from as low as 0.583% per month (flat rate)
- no collateral or guarantor required
- no hidden fees and charges
- consolidate up to 4 loans and enjoy lower monthly repayment plan
- stand chances to get 100% loan disbursement
- flexible repayment tenures from 12 to 84 months
- get a Standard Chartered Visa Platinum credit card with lifetime FREE annual fee
- a personal loan that works together with your card limit
- get to spend more on your credit card every time you pay your monthly instalment
- quick, easy and hassle-free application process
Eligibility
- minimum monthly income - RM3,000
- minimum age - 21 years old
- maximum age - 60 years old
- credit history - no bad payment history / no bad CTOS or CCRIS record
Fees & Charges
- late payment fee - 1% per annum on the unpaid outstanding balance, calculated on a daily rest
- stamp duty - 0.5% of the approved loan amount
- processing fee - waived
- annual service tax - RM25 per credit card
Documents Required
| Category | Documents to prepare |
| Salaried Malaysians (public and private sector) | compulsory
|
| Self-employed Malaysians | compulsory
|
- Standard Chartered Bank was first established in 1875 but was locally incorporated as Standard Chartered Bank Malaysia Berhad in 1984.
- It employs over 6,000 employees for its Malaysian operations, a global shared service centre Scope International, a subsidiary Price Solutions, an offshore facility in Labuan and head office at Menara Standard Chartered in the heart of Kuala Lumpur.
- The bank has lunched several industry-defining retail banking products including MortgageOne Optimizer, Business Saver Current Account, and the Standard Chartered Visa Infinite credit card.
- Enjoy more benefits by applying for your Standard Chartered Personal Loans today on CompareHero