Flex Credit
| TENURE | DIGITAL (SC MOBILE APP) |
| 3 Months | 6.25% |
| 6 Months | 8.25% |
| 9 Months | 12.00% |
No documents required. Easy application process via Client care hotline – 0112480480
Illustration of Flex Credit loan for LKR 50,000
| Tenure | Processing fee rate | Processing fee amount LKR | Interest rate | Monthly instalment | Pay at your convenience |
| 3 months | 3.75% | 1,875 | 0% | – | 50,000 |
| 6 months | 5.5% | 2,750 | 0% | – | 50,000 |
| 9 months | 8% | 4,000 | 0% | – | 50,000 |
Flex Credit is a credit facility offered by SC which utilises your available credit limit on the credit card. It allows you to access short term cash requirements at attractive rates and with flexible repayment options.
You may take loan for the tenures 3 months, 6 months and 9 months
There is an up front processing fee applicable. 0% Interest rate applies for the loan amount during the tenure. Post the tenure period, the general credit card interest rate shall apply.
Consolidating your debts is good way to manage your finances.If you decide to take a loan of LKR 100,000 for 6 months, you will only incur LKR 5,500 as processing fee. At current market interest rate of 18% p.a., you would be paying the other bank LKR 9,000 approximately.
Simply call us on 0112480480. There is no document requirement.
Only 1% of the loan amount is added to the minimum amount payable on your credit card.
Loan balance is already added to your credit card current balance.
During this tenure, you will not be charged interest for the outstanding loan amount. If you have any other card outstanding, interest will charge for that amount.
If you want to avoid paying interest, ensure to pay at least the the minimum amount due on your credit card statement if your card current outstanding only consists of Flex Credit.
If you have any other balances, ensure to pay such total other balance in addition to the minimum amount due, to avoid being charged the interest.
Any excess payment will set-off against the loan outstanding for Flex Credit. The loan amount due at the end of the tenure period will be reduced.
The unpaid loan amounts become due at the end of the tenure. 1% of that outstanding will continue to get added on your card statement’s minimum amount due.
The unpaid balance is subject to the prevailing interest rate for credit cards.
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