Rates (Lower of the eligible rate will be applied)

[Pages:2]TERMS & CONDITIONS Personal Installment Finance These Terms and Conditions cover the following requirements by State Bank of Pakistan (SBP); 1. Declaration for Important information related to SCBPL Personal Installment Finance 2. Undertaking for utilisation of Clean Loans for IPOs as per Prudential Regulation R-1 3. Undertaking for Appropriate utilisation of Loan as per BPRD Circular Letter No. 14 of 2006 4. Declaration on SBP's prescribed format as per BPRD Circular No. 04 of 2009.

Following fee and charges will be applicable for the Personal Finance Facility, after application has been approved:

Personal Installment Finance

Joining Fee / Annual Fee

New Loan Amount 1% of Loan Amount or PKR 2,500 whichever is higher. 1% of Net/ Fresh Loan Amount or PKR 5,000 whichever is higher.

*50% Processing fee waiver

Pre payment charges

10% of outstanding amount if prepaid within 12 months 5% of amount outstanding if prepaid after 12 months

All back to original and loan enhancements will be treated as new loans

Extra days mark-up will be levied from the disbursal date of the loan to the first EMI date for the additional

Extra Days days (greater than 30). This mark-up will be based on the interest rate applicable to your Personal loan

Interest account and will be communicated in the Loan Sanction Letter when your loan is disbursed in the account.

The extra days mark-up will have to be paid along with the first EMI.

*Promotional Offer applicable for the campaign period only (8th April 2019 ? 31st May 2019)

Mark-up Rates

(Lower of the eligible rate will

be applied) (Daily markup calculation based on 365

days)

Mark-up Rates (Top-up

Financing)

Mark-up Rates per annum

Months of Bureau Less than 12 months 12 months + Loan Amount (Fresh Loan amount)

1 Mln to 1.99 Mln 2.0 Mln

Balance Transfer Facility (Minimum BTF amount PKR

300,000)

Top-up Financing

Employee Banking

Income less than 50k

17.99%

Income greater or equal to 50k

17.99% 17.99%

Non Employee Banking

Income greater or equal to 100k

17.99%

-

17.99%

17.99%

17.99%

17.99%

As per the above pricing grid

Final mark-up rate will be the weighted average of the current rate and the revised rate applicable as per the grid (Rounded off to the nearest number).

Mark-up = (Current Rate x Outstanding Loan Balance) + (New Rate x Top-up Amount) Outstanding Loan Balance + Top-up Amount

The Top-up rate will be the weighted average rate OR the rate applicable as per the pricing grid whichever is higher capped at 22%. Note:

- Minimum Differential Top up amount for PL is 100K

The campaign is valid till 31st May, 2019.

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- Standard disbursement time of Personal Finance facility is 2-3 weeks from the date of application

- The Bank's sales representative is not in a position to advise the Personal Instalment Finance amount which will only be determined after assessing income details and documents thoroughly, in case application is approved.

- Payment to my account will be applied in the following order: 1. Insurance Premium (where charged) 2. Fees in Arrear 3. Interest/ rental 4. Late Charge 5. Principal

- If the Bank determines that the loan disbursed to the account has not been utilised till 3 months, the loan will be rolled back.

- Bank possesses exclusive right to approve or reject any application without giving any reason whatsoever.

- In case of delinquency; the collections/recovery may contact you in accordance with applicable laws and regulations and Debt Collections Guidelines provided by the State Bank of Pakistan and report to bureaus.

- Drawings from the clean Personal Financial Facility approved in your favour will not be used for subscription in an IPO (Initial Public Offering) of shares in a Public Limited Company and for any speculative purposes.

- The Personal Financial Facility obtained from Standard Chartered Bank (Pakistan) Limited, will be specifically used / utilized for the payments of goods and / or services, expenses and or purchase of consumer durables only. Personal Financial Facility shall not be utilized for any other purpose other than the ones stated above. In view of the BPRD Circular Letter No. 14 dated July 24, 2006 issued by the State Bank of Pakistan.

- Bank free will be indemnified and harmless from and against all liabilities, losses, claims and damages arising from negligence, fraud, collusion or violation of the terms of agreement client's part and/or a third party provided there is no gross negligence on the part of the Bank. In addition, the Bank shall not be liable for any expense, claim, loss or damage arising out or in connection with this agreement including but not limited to war, rebellion, typhoon, earthquake, electrical, computer or mechanical failures.

- Bank may share Personal information with agencies/bureaus for verification, reporting etc. as it may deem appropriate.

- The bank may call prior to processing of Personal Finance facility to ensure full awareness of all terms & conditions and fees and charges associated with the product. The outcome of this call-back may be cessation of further processing of the asset application.

- All fees / charges mentioned within the table and any other fees / charges are subject to change and will be applicable as mentioned below. The below mentioned charges may change from time to time and any future changes can be seen in the Schedule of Charges that is issued by the bank bi-annually, which is also available at the branches and Bank's Website.

- In case the Personal Installment Finance amount approved is within the limit indicated on the application form, the Bank will disburse the amount in account without any further confirmation. For any reversal / cancellation post disbursement, Prepayment charges as indicated in the Fee and charges table, will have to be paid.

- In case application for Personal Installment Finance is approved, the Bank is authorized to recover monthly dues against this Personal Installment Finance facility from the account in which the Bank will disburse the Personal Installment Finance funds.

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