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Balloon, Aircraft, Transportation

Personal Instalment Loan Calculator

Loan Amount
HKD
Loan Period
Annualised Percentage Rate as low as
3.48%
Monthly Repayment as low as
HKD 391.33
Note: Monthly Repayment and Annualised Percentage Rate displayed here are for reference only and are subject to credit approval

Personal Instalment Loan has you covered

See how Personal Instalment Loan can help you realise your dreams.

 

SC Personal Instalment Loan can meet urgent needs for large funds. Apply for the loan online today!

Apply online from 11 June to 2 September 2024. Enjoy daily interest as low as low as HKD10^ and stand a chance to win a 4D3N trip to Liverpool and watch a live match at Anfield.

Hk loans pil ba
  • Round trip business tickets to Manchester for two people (worth 336,000 miles)
  • 4 days, 3 nights accommodation at up to a 4-star hotel in Liverpool
  • Two general admission tickets to a Liverpool FC match
  • Anfield stadium and Liverpool FC museum tour
  • Child mascot: One child to walk out onto the pitch with the Liverpool FC First team in full kit
  • A Liverpool FC jersey

SC Personal Instalment Loan Key Product Features:

Exclusive offer – Up to

HKD 7,000
Cash Back

and extra

HKD 1,000
Cash Back for New Clients +

Annualised Percentage Rate as low as

1.85%#

Daily loan interest as low as

HKD 10+

Handling fee

0%

Loan amount up to

18X
monthly salary or HKD4,000,000 (whichever is lower)

Loan tenor up to

60months

Other Product Features:

  • 7-Day Cooling-off Period: Early bank loan redemption fees and charges waiver
  • Preliminary Approval in 5 Minutes: Online personal loan application screened in 5 minutes upon submission
  • Top-up Service for Existing Personal Instalment Loan Clients: SC Personal Instalment Loan offers a top-up service allowing existing customers to obtain extra funds easily. Borrow extra money or extend the loan on top of an existing personal loan to meet urgent financial needs.

Personal Loan Calculator for Repayment

  • Quickly estimate your monthly repayment amount, loan APR, flat rate, and monthly interest with our Personal Loan Calculator

Remarks

^ Daily loan interest as low as HK$10 (rounded down to the nearest integer) is calculated with the loan amount of HK$100,000, tenor of 12 months and monthly flat rate of 0.31% which is equivalent to APR of 7.01%.  (Loan amount: $100,000 * monthly flat rate 0.31% * Tenor 12 months)  / 365  days = HK$10.19

+ New Clients are applicants who are not holding any loans and/or credit cards issued by the Bank at the time of this loan application

# The Annualised Percentage Rate is 1.85% (for clients with loan amount of HKD$1,500,000 or above and tenor of 12 months). APRs are reference rates which include the basic loan interest rate and other applicable fees and charges of a product expressed as an annualised rate. This APR does not include cash rebate. The preferential interest rates are only applicable to clients who are not holding any Standard Chartered Credit Cards/Personal Loan at the time of this application. The Bank reserves the right to determine the applicable loan interest rate and handling fee, and to approve a person instalment loan application, which is to be considered on a case-by-case basis in accordance with the client’s credit records and other relevant factors as the Bank may consider in its absolute discretion. All offers are subject to Terms and Conditions

1. The Monthly Flat Rate shown above was for reference only.

2. For every HKD1,000 loan amount.

3. The above Annualised Percentage Rates (“APR”) are reference rates which include the basic interest rate and other fees and charges of a product expressed as an annualised rate (if applicable). This APR does not include cash rebate.

The Annualised Percentage Rate ranged from 1.85% to 36% and flexible repayment period of 12 to 60 months. An APR is a reference rate which includes the basic loan interest rate and other applicable fees and charges of a product expressed as an annualised rate. This APR does not include cash rebate. The Bank reserves the right to determine the applicable interest rate and handling fee and acceptance of a loan application, which is to be considered on a case-by-case basis in accordance with the client’s credit records and other relevant factors.

The operating hours of our Loan Application Hotline are from Monday to Friday: 10am – 7pm.

SC Personal Instalment Loan Repayment Table

Loan Amount^ (HKD)

LOAN RANGE

Loan Tenor

12 months

24 months

36 months

48 months

60 months

Monthly Flat Rate¹

0.31%

0.31%

0.31%

0.312%

0.315%

Monthly Repayment² (HKD)

$86.43

$44.77

$30.88

$23.95

$19.82

Annualised Percentage Rate³

7.01%

7.22%

7.23%

7.25%

7.26%

Loan Tenor

12 months

24 months

36 months

48 months

60 months

Monthly Flat Rate¹

0.31%

0.31%

0.31%

0.312%

0.315%

Monthly Repayment² (HKD)

$86.43

$44.77

$30.88

$23.95

$19.82

Annualised Percentage Rate³

7.01%

7.22%

7.23%

7.25%

7.26%

Loan Tenor

12 months

24 months

36 months

48 months

60 months

Monthly Flat Rate¹

0.27%

0.27%

0.27%

0.271%

0.273%

Monthly Repayment² (HKD)

$86.03

$44.37

$30.48

$23.54

$19.40

Annualised Percentage Rate³

6.09%

6.28%

6.30%

6.30%

6.31%

Loan Tenor

12 months

24 months

36 months

48 months

60 months

Monthly Flat Rate¹

0.27%

0.27%

0.27%

0.271%

0.273%

Monthly Repayment² (HKD)

$86.03

$44.37

$30.48

$23.54

$19.40

Annualised Percentage Rate³

6.09%

6.28%

6.30%

6.30%

6.31%

Loan Tenor

12 months

24 months

36 months

48 months

60 months

Monthly Flat Rate¹

0.23%

0.23%

0.231%

0.232%

0.233%

Monthly Repayment² (HKD)

$85.63

$43.97

$30.09

$23.15

$19

Annualised Percentage Rate³

5.18%

5.34%

5.39%

5.40%

5.40%

Loan Tenor

12 months

24 months

36 months

48 months

60 months

Monthly Flat Rate¹

0.23%

0.23%

0.231%

0.232%

0.233%

Monthly Repayment² (HKD)

$85.63

$43.97

$30.09

$23.15

$19

Annualised Percentage Rate³

5.18%

5.34%

5.39%

5.40%

5.40%

Loan Tenor

12 months

24 months

36 months

48 months

60 months

Monthly Flat Rate¹

0.23%

0.23%

0.23%

0.231%

0.232%

Monthly Repayment² (HKD)

$85.63

$43.97

$30.08

$23.14

$18.99

Annualised Percentage Rate³

5.18%

5.34%

5.37%

5.38%

5.38%

Loan Tenor

12 months

24 months

36 months

48 months

60 months

Monthly Flat Rate¹

0.23%

0.23%

0.23%

0.231%

0.232%

Monthly Repayment² (HKD)

$85.63

$43.97

$30.08

$23.14

$18.99

Annualised Percentage Rate³

5.18%

5.34%

5.37%

5.38%

5.38%

Loan Tenor

12 months

24 months

36 months

48 months

60 months

Monthly Flat Rate¹

0.083%

0.22%

0.22%

0.22%

0.221%

Monthly Repayment² (HKD)

$84.16

$43.87

$29.98

$23.03

$18.88

Annualised Percentage Rate³

1.85%

5.11%

5.13%

5.13%

5.13%

Loan Tenor

12 months

24 months

36 months

48 months

60 months

Monthly Flat Rate¹

0.083%

0.22%

0.22%

0.22%

0.221%

Monthly Repayment² (HKD)

$84.16

$43.87

$29.98

$23.03

$18.88

Annualised Percentage Rate³

1.85%

5.11%

5.13%

5.13%

5.13%

Personal Loan Eligibility & Documents

Eligibility

  • Hong Kong resident aged 20 or above
  • Fixed annual income of HKD96,000 or above

Required Documents

  • Your Hong Kong Permanent Identity Card
  • Your latest residential address proof showing your name
  • For regular income earners, please enclose your latest 1 month’s Bank Statements / Passbook showing your name, account number and salary entries or latest 1 month’s computer generated Payroll Slip, or latest Tax Demand Note
  • For irregular income earners, please enclose your latest 3 month’s Bank Statements / Passbook showing your name, account number and salary entries or latest 3 month’s computer generated Payroll Slip, or latest Tax Demand Note
  • For self-employed applicants, please enclose your Business Registration Certificate AND latest Profits Tax Demand Note
  • Note: The bank reserves the rights of requiring more supportive documents for further review.

Quick and Easy Tips for Personal Instalment Loan

    • When applying for a personal loan, it is crucial to evaluate personal repayment capacity objectively. Ideally, you should only borrow the amount of money you truly need, in order to avoid excessive borrowing.
    • While calculating the cost of borrowing personal loan, it’s important to include any administrative fee, handling fee and other additional costs associated with personal loan SC Personal Instalment Loan is a bank loan that is free of handling fee, reducing your borrowing costs.
    • You may also utilize our Standard Chartered’s Personal Instalment Loan Repayment Calculator to quickly estimate your monthly repayment amount as a reference for your financial planning and budgeting for your personal loan.
    • It is not difficult to be eligible for a Personal Loan. For instance, for SC Personal Instalment Loan, Hong Kong residents aged 20 or above with a fixed annual income of HKD96,000 or above are eligible to apply.
    • You have the flexibility to repay the personal loan In additional to the personal loan instalment amount, you must settle all accrued but unpaid loan interest up to the actual settlement date, an early settlement fee of 2.5% of the outstanding balance and any other sum due to us. If the personal loan repayment is made within the 7-Day Cooling-off Period, early redemption fees would be waived. Please note that the bank reserves the right to request the full refund of any cash rebate received during the application or deduct the equivalent value of the cash rebate from any account of the eligible customer.
    • If you plan to repay the personal loan in full early, you must notify us in writing ten business days before your proposed repayment date.
    • The APR of a personal loan is a reference loan interest rate which includes the basic interest rate and other applicable fees and charges of a product expressed as an annualised rate.
    • You may calculate the total loan interest expenses via monthly flat rate: Principal x Monthly Flat Rate x Tenor (months).
  • It does not require a credit card to apply for a personal loan. If you have an emergency financial need but do not have a Standard Chartered credit card, you may consider a personal loan such as SC Personal Instalment Loan.

  • If you are already a Standard Chartered Bank personal loan customer, you can apply for the Standard Chartered Personal Instalment Loan Top Up Service. This service allows you to borrow additional loan amount on top of your existing personal loan without further supporting documents required, addressing your immediate financial needs.

    • As aforementioned, Standard Chartered Bank offers loan products such as credit card cash loans and Revolving Cash Card. To sum up, the differences between the instalment loan (Personal Loan), credit card cash loans and revolving loan are as follows:
    • Instalment loan: Also known as ‘personal loan’, which is an unsecured loan that provides high loan amount and long repayment period. It is suitable for ones who needs a substantial loan. Personal loans generally have a lower loan interest rate compared to credit card cash overdraft, and can be quickly approved and disbursed. For example, SC Personal Instalment Loan accepts online application, and offers a personal loan amount of up to 18 times your monthly salary and a loan tenor of up to 60 months.
    • Credit card cash loan: Credit card cash loans include cash advance, credit card overdraft and credit card statement instalment plan They are more commonly used for smaller loans as the borrowing limit on credit cards is typically the same as the credit limit. It is also noteworthy that the loan interest of credit card cash overdraft is calculated daily and potentially rise beyond 40%. Additional administrative fees and handling fees may also increase the borrowing cost.
    • Yes, you can use the Personal Instalment Loan Repayment Calculator to calculate the monthly repayment amount, including the handling fee and APR.
    • The monthly repayment amount (including the principal amount and the handling fee per instalment) will be printed on the personal loan confirmation. Please refer to the monthly repayment table for details.

Terms and Conditions

To borrow or not to borrow? Borrow only if you can repay!