SCB Fixed Payment Plan (Standard Chartered UAE) is a credit-card-based financing option that allows eligible customers to transfer part of their available credit card limit into a personal account and repay it in instalments.
This product can be relevant for people who want to find a personal loan alternative without the typical paperwork of a traditional loan application.
Key Facts
- Loan amount: Up to your available credit card limit (partially transferable)
- APR (Annual Percentage Rate): Up to 3% monthly (profit/interest rate; subject to change)
- Loan term (months): Up to 48 months
الحقائق الرئيسية
- مبلغ القرض: حتى الحد الائتماني المتاح في بطاقة الائتمان (جزء منه قابل للتحويل)
- نسبة النسبة السنوية (APR): حتى 3% شهرياً (معدل ربح/فائدة؛ قابل للتغيير)
- مدة القرض (بالأشهر): حتى 48 شهراً
Get to know better
- Transfer part of your available credit limit to your personal account
- Fixed instalments with flexible tenure options (up to 48 months)
- Digital request process through Online Banking or SC Mobile
Why we recommend this loan
We recommend SCB Fixed Payment Plan mainly for borrowers who want a structured repayment plan while using an existing credit facility.
Another reason is predictability: with a fixed plan, borrowers can plan their monthly cash flow more easily than revolving credit card payments. Still, it is essential to review the profit/interest rate and processing fees, as these will affect the total cost.
Find a personal loan to your profile
Not every “loan-like” product fits every borrower. A credit card instalment plan may suit short-to-medium term needs, but it is not the same as a home loan or mortgage loan, where pricing, collateral, and repayment timelines are fundamentally different.
If your goal is property financing, you may prefer to compare options such as apply for home loan or apply for mortgage loan routes.
SCB Fixed Payment Plan: Get a personal loan
With this plan, the amount taken will typically be blocked on your credit card limit, and the blocked portion is released progressively as monthly payments are made.
The bank also states that processing time is usually around 2 to 3 business days, and the customer may need to maintain the card balance until funds are transferred.
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.