Pay for a new school term or full year with any of our credit cards.

And, for a limited time period enjoy 0% interest/profit & zero processing fee with our 3-month Easy Payment Plan offer. The offer is valid for school fee transactions of AED 1,500 or more made during 01 February to 28 February.

You can also opt for an Easy Payment Plan with tenures of up to 12 months at attractive pricing and then pay it back at your convenience.

How to convert your purchases into an Easy Payment Plan

Step 1: Use your credit card to pay school fees from 01 February to 28 February 2024

Step 2: Call +971 4403 9681 and ask the agent to convert your purchase to an Easy Payment Plan.

Step 3: Your transaction will be converted within 2 to 3 business days

Easy Payment Plan Offer Terms and Conditions

• The offer starts from 01 February to 28 February 2024 (“the offer period”) and is valid for all Standard Chartered credit cardholders.
• The offer is eligible for school fee transactions made using your Standard Chartered credit cards.
• The offer is not valid in conjunction with any other special promotion or other reward periodical campaign.
• The amount equivalent to the Easy Payment Plan (EPP) instalment booking will be blocked in the Credit Card. For every monthly instalment paid, the equivalent amount will be automatically released to the Credit card available credit limit amount
• The outstanding balance on your credit card shall continue to accrue profit/interest at the prevailing profit/interest rate
• Processing time for the loan/ Easy Payment Plan /finance is approximately 2 to 3 business days
• The Bank may, in its sole and absolute discretion and without notice, withdraw or revise this Easy Payment Plan
• Easy Payment Plan will be made available at the sole and absolute discretion of the Bank to selected credit card members.
• Loan/Finance/Easy Payment Plan shall be payable in monthly instalments (“Equated Monthly Instalments/EMI”) in accordance with the duration provided by the Bank (the “Duration”).
• The EMI will be included in your monthly credit card statement of account as the “minimum amount due”. In the event that you fail to make payment of this “minimum amount due”, your credit card shall be charged with interest/profit on the unpaid balance at the applicable rate in accordance with the Credit Card Terms and Conditions & service and price guide.
• For a specific card, the system will reject any subsequent requests for an easy payment plan if they are submitted within three days of the previous request. You may initiate a new Balance Easy Payment conversion request for the same card only after a waiting period of three days has elapsed.
• A Retail Balance Easy Payment Plan will not be considered as payment. Please ensure to pay the minimum amount due as highlighted on your monthly credit card statement on or before your payment due date to continue using your credit card. If you do not pay your minimum amount due, finance charges /fees will be charged on your credit card account.
• If the credit card account is closed by yourself or the Bank before all EMIs have been charged, then all of the future EMIs shall be accelerated and debited to the final Credit Card Statement of Account as one figure.
• Easy Payment Plan will not be processed in case the retail balance is less than the amount for booking at the time of processing the Easy Payment Plan.
• Failure to make your EMI payment, entitles the Bank to accelerate all future Equated Monthly Instalments and forthwith debit the Credit Card statement of account
• In the case you decide to pre-close your Easy Payment Plan, a charge between 2% to 5% of the outstanding principal amount will be levied subject to a minimum charge of AED 262.50.
• These terms and conditions are in addition to and supplementary to the terms and conditions applicable to all Credit Card accounts as contained in the Credit Card Terms and Conditions.
• Finance charges (interest/ profit) are calculated as per the Reducing Balance Method. The Bank is not permitted to charge profit/interest on accrued profit/interest. For Saadiq Cards the profit is calculated at the time of issuance of card limit and payment of purchase price is paid as per the agreed terms and conditions.
• There will be an initial profit/interest amount billed in the upcoming statement billing date which will be calculated between today and the upcoming statement billing date. The profit/interest will be calculated based on the corresponding internal rate of return at which the finance/loan has been booked.
• And EMI will be paid from the next month’s billing cycle. (For Interest/profit Based plans)
• A onetime processing fee will be charged for Fee based Easy Payment Plans
• See Credit Card Terms and Conditions here.
• You have the right to a cooling-off period of 5 business days. The Cooling-off period is the period after agreeing to the Easy Payment Plan that allows you to reconsider the service and to withdraw from the Contract without suffering any undue costs, obligations, or inconvenience. You may choose to consult other persons including a lawyer or any advisor in order to make an informed decision. On the 6th business day, you must decide to choose to reject or negotiate an amendment to the contract or otherwise the contract may be in force in accordance with its terms and conditions.
• If you decide not to proceed with the Easy Payment Plan within the Cooling-off Period, the Bank will refund any related fees net of any reasonable and direct costs already incurred. In the event that you exercise your right in relation to the Cooling-off Period you shall be liable to pay the Bank the full outstanding balance on the Credit Card.
• Bank related fees and charges will incur Value Added Tax (VAT) of 5%, where applicable.

Warning

• If your credit card account balance goes over the set credit limit at any point in time, your credit card account will be charged an over-limit fee. This fee will be applied on your statement date each month until you are within your credit limit. Please ensure to clear the over-limit amount immediately. (Not applicable to Smart Saadiq card).
• If the minimum payment due is not paid on or before the due date, a late payment charge is levied on the credit card account in addition to the monthly finance charges (interest/profit/fees). (Late payment charge is not applicable to Smart Saadiq card).
• If you make only the minimum payment each period, you will pay more in interest/profit/fees, and it will take you longer to pay off your outstanding balance.

Should you have any concerns or complaints regarding any of our products or services, you may raise your complaint by emailing us at complaint.resolution@sc.com or calling our Client Care Centre on +971 600 5222 88, and we will get back to you within 2 working days. To know more about our Complaints Resolution process, visit https://www.sc.com/ae/customer-service/

In the event that you do not want to receive promotional communication via email, please click here to opt out. Also, if you do not want to receive any promotional calls from the Bank, please let us know by calling our 24-hour Client Care Centre on +971 600 5222 88.

Arabic version will be made available upon request.