What is a balance transfer?

When charged with a high interest for unpaid outstanding credit card balance, it is advisable to transfer this amount onto credit cards that charge lesser interest or provide extra credit free period. For example, SC credit cards offer attractive interest rates of 0.99% for first 6 months on your balance transfer amount and require just 5% of the balance to be paid per month.

What is a balance transfer credit card?

Choosing the best balance transfer credit card can mean convenient, stress-free bill payments. Since credit cards can differ in this aspect, the ideal balance transfer credit card lets you transfer over your outstanding balance from elsewhere and helps pay the amount at low interest rates and provides extra credit free period.

Can I get a loan on a credit card?

Yes you can, and the loans you receive are pre-approved (upto 85% of your credit card limit) and do not require documentation, subject to eligibility. In fact, this is the easiest way to acquire funds at short notice. Loan amount above the credit card limit is also available, subject to eligibility.

Can I take EMI on credit card balance?

SC credit cards allow you to use EMI in the payment of your credit card balance at interest rates as low as 1.49% per month. You get to pay this amount in small installments without any processing fees and also enjoy flexible tenure from 6 to 60 months.

How can I convert SC credit card balance to EMI?

Your outstanding SC credit card balance can be converted into EMIs through phone banking by calling us at 080 - 39401166/080 - 66011166. Our phone banking officer will assist you with details of the offer specifically curated for you.

Are there any processing charges on taking out a credit card loan?

In the case of SC credit cards, the processing fee for a credit card loan is about 1-2% according to the eligibility criteria applicable to the cardholder.

Do I get balance transfer on my card as an add-on card holder?

While supplementary cardholders enjoy the same credit benefits as the primary cardholder, the bills acquired are the primary cardholder’s responsibility. Likewise, balance transfer can only be done on primary cards.

What are the main terms and conditions for credit card balance transfers?

Please ensure that you take note of the terms and conditions for credit card balance transfers that are listed below: ● Credit card balance transfers are subject to conditions specified by Standard Chartered. ● Payments are required to be made to the account from which the balance was transferred until fully credited. Please note that Standard Chartered will not be liable in the case of overdue payment or interest incurred in the aforementioned account. Hence it is advisable to complete your payments in time. ● Payments made on the SC credit card account will be applied first for the reduction of transferred balance. Keep in mind that only once this is complete will payments be directed towards reducing your outstanding balance on the SC credit card.

VKYC, or simply Video KYC, is a feature that allows you to complete your KYC through a video from the comfort of your home while applying online for a Standard Chartered credit card, personal loan, or savings account. With this feature, our application process becomes even more simpler and completely contactless. Click here to learn more.

What is the interest rate for various type of loan products on credit card?

To know the Interest Rate and APR offered to the customer in the previous quarter click here

Credit Card Benefits – Balance Transfer, EMI and More

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- Avail a loan up to INR 10 lakhs
- Interest rates starting just 0.99% per month.
- No documentation required.
- Loan transfer to your savings account in 2 days via NEFT
Dial-a-loan

Get a loan on your credit card of up to INR 10,00,000. No documents, attractive interest rate starting at 0.99% per month, in any bank account in 2 days (via NEFT). T&C’s apply. Apply Now or chat with us to avail this.
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- Attractive rate of interest.
- Flexible tenure from 6 to 48 months.
- Low processing fee of 1.5%.
- Pre-closure charges of 3%.
Kuch Bhi on EMI

Convert your Credit Card purchases above INR 2,000 into easy EMIs at attractive interest rates. Enjoy a low 1.5% processing fee too! Apply Now or chat with us to avail this Apply Now or chat with us to avail this.
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- Transfer card balance up to INR 5 Lakh
- Interest rate of just 0.99% per month for the first 6 months.
- Your normal credit card interest rate applicable after 6 months.
- No documentation required.
- Pay just 5% of the outstanding balance each month
- NEFT disbursement in 3 working days
Balance transfer

Transfer the outstanding balance (upto INR 5 Lakhs) from any other bank credit card to your StanChart credit card and pay just 5% of the outstanding balance each month! T&C apply. Apply Now or chat with us to avail this.
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- Convert your entire outstanding (upto INR 5 Lakh) into EMIs.
- Interest rates starting 1.49% per month.
- Flexible tenure from 6 to 60 months.
- No processing fee (Effective 19th February 2024, a processing fee of up to 1% will be charged)
- Pay your credit card bill in small, comfortable instalments.
Balance on EMI

Convert your credit card outstanding amount (up to 5 lakhs) into monthly instalments at interest rates starting 1.49% per month. Terms and conditions apply. Apply Now or chat with us to avail this.
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