Running low on cash? Get it instantly at your convenient and repay as low as RM24.90 every month for up to 60 months with Standard Chartered Cheque-On-Call Plus. Find out more!
What is Cheque-On-Call Plus about?
Don't let the product name confuse you as it is a cash loan facility which be can derived from your Standard Chartered credit card. You can borrow against your card available credit limit to fund for your immediate needs.
Subject to terms and conditions, the minimum amount you can apply for is RM1,000 and up to 100% of your available credit card limit at a flat interest rate of 9.88% p.a.
The total amount you can borrow against your Standard Chartered credit card will include a cash advance fee of 2% (for any amount not more than RM10,000) and 6% GST, where applicable.
How the product works?
Similar to a personal loan, you need to repay the principal amount with interest rate charged on the total amount borrowed for the entire cash loan period.
Standard Chartered offers flexible repayment tenures of 12, 18, 24, 36, 48 and 60 months. Interestingly, you do not need to provide supporting documents to apply for this facility.
You can make an early settlement of your personal line of credit and will not be charged with a penalty.
Where can I apply for this service?
You can head to Standard Chartered Bank Malaysia for a convenient online application. The bank will be contacting you on your registered mobile contact number with the bank.