SCB Fixed Payment Plan is a financing option offered by Standard Chartered UAE that converts part of your available credit card limit into a cash transfer to your personal account.
For borrowers comparing multiple financial products—such as apply for house loan, home loan, or mortgage loan—it is important to note that this plan is not a housing finance solution.
Is Standard Chartered Bank UAE a good bank?
Standard Chartered Bank UAE is a licensed bank operating in the UAE and subject to local regulatory requirements.
This matters for borrowers because regulated institutions must follow disclosure standards and affordability checks aligned with UAE Central Bank rules.
Main characteristics of SCB Fixed Payment Plan
- Financing amount is based on your available credit card limit
- Tenure options can extend up to 48 months
- No separate documents or application form required (as per the product description)
- Request can be made via Online Banking or SC Mobile
- Confirmation is typically provided via SMS/email, with OTP verification
Disadvantages
- Fees can be significant, including processing fees and interest/profit charges
- Part of the credit limit may be blocked, reducing available spending capacity on the card
Here is advice for you
Before choosing this plan, check the full cost: profit/interest rate, processing fee, and early settlement charges. A product that feels convenient can still be expensive depending on the rate and tenure.
Also, avoid mixing product types: if your objective is real estate, compare best bank for home loan or best bank for mortgage loan options instead.
Requirements to apply for this loan
- You must have a credit card with available limit
- You are required to have a Current/Savings account with Standard Chartered Bank UAE
- Ability to receive OTP and complete verification (SMS/email)
- Subject to eligibility rules, bank policy, and regulatory requirements
- Fees and rates apply as per the bank’s published schedule
المتطلبات للتقديم على هذا القرض
- يجب أن يكون لديك بطاقة ائتمان مع حد متاح
- يجب أن يكون لديك حساب جاري/توفير لدى بنك ستاندرد تشارترد الإمارات
- القدرة على استلام رمز التحقق (OTP) وإكمال عملية التوثيق (SMS/البريد الإلكتروني)
- يخضع ذلك لشروط الأهلية وسياسات البنك والمتطلبات التنظيمية
- تُطبق الرسوم والأسعار وفق جدول الرسوم المعلن من البنك
How to apply for the loan
- Log in to Online Banking or SC Mobile
- Click the banner for credit card loan/payment plan or go to Card Transactions
- Enter the OTP received by SMS/email
- Select Fixed (instalment) payment plan
- Choose the loan amount and tenure, enter bank details
- Confirm the request and wait for confirmation via SMS/email
Apply for your Loan
If you want to get a personal loan style solution without a traditional application process, this plan may offer a structured route—especially for customers already using Standard Chartered digital banking.
For best decision-making, review the bank’s official fees and conditions, consider early settlement rules, and ensure the monthly instalment fits your budget without creating payment pressure.
Disclaimer / إخلاء المسؤولية
This content is for informational purposes only and is not issued or endorsed by Standard Chartered Bank UAE. All terms and rates are subject to change and regulatory approval. Please refer to the bank’s official website and Key Facts Statement for the most accurate and updated information.
هذا المحتوى لأغراض معلوماتية فقط وليس صادرًا عن بنك ستاندرد تشارترد الإمارات أو معتمدًا منه. جميع الشروط والأسعار قابلة للتغيير وخاضعة للموافقات التنظيمية. يُرجى الرجوع إلى الموقع الرسمي للبنك وبيان الحقائق الرئيسية للحصول على أدق المعلومات وأحدثها.