| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
SCB Personal Loan
|
Minimum Salary: BHD 300 | Salary Transfer: No | Islamic Finance: No | Maximum Term: 7 Years | Flat Rate: 9.5% | Reducing Rate: 17.1% |
Need extra cash to furnish your home, take your dream vacation or give the best education to your children? No matter what your need is, apply for a Standard Chartered Personal Loan to realize your dreams.
Their Personal Loans are available to both Bahrainis and Expatriates with attractive interest rates, high loan amounts and convenient repayment options.
SCB Personal Loan Features:
If you borrow BHD 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:
Payment per month – BHD 297.50 | Total charge for credit – BHD 710 | Total amount you repay – BHD 10,710
Please note, the actual rate applied to your loan will depend on your circumstances.
Their Personal Loans are available to both Bahrainis and Expatriates with attractive interest rates, high loan amounts and convenient repayment options.
SCB Personal Loan Features:
- Interest rate starting from 6.1% for Bahrainis and from 9.5% for expatriates
- Maximum term for Bahrainis is 84 months and for expatriates is 60 months
- Maximum loan amount for Bahrainis is BHD 70,000 and for expatriates is BHD 20,000. With end of service for expatriates BD40,000
If you borrow BHD 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:
Payment per month – BHD 297.50 | Total charge for credit – BHD 710 | Total amount you repay – BHD 10,710
Please note, the actual rate applied to your loan will depend on your circumstances.
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
