Standard Chartered Personal Loan Charges 2026 in Pakistan: Up to 38% Markup, 1% Processing Fee and the 10% Prepayment Penalty

We read the personal loan, Ready Cash and mortgage sections of Standard Chartered's conventional schedule of charges for the second half of 2026 on 12 November 2026. The PDF is on the bank's own site. We then worked out what the maximum markup means in monthly payments, because the schedule gives a ceiling, not your exact rate. Every sum below is ours, from the bank's figures.

Standard Chartered personal loan markup is up to 38% a year

The schedule sets personal loan markup at "up to 38% per annum (fixed)". Fixed means the rate does not change during the loan. The bank sets your actual rate, which can be lower, when it approves you.

At the full 38%, a loan of Rs 500,000 over three years means a monthly payment of about Rs 23,475. Over 36 months you would pay about Rs 345,000 in markup on top of the Rs 500,000 you borrowed. Over two years the payment rises to about Rs 30,056, but total markup falls to about Rs 221,000.

These are our own figures, worked out on a standard reducing balance formula at the 38% ceiling. Your offer letter will show the real rate and payment. Compare it with other banks in our personal loan comparison for Pakistan.

Processing fee is 1% of the loan or Rs 2,500

A new personal loan carries an application processing fee of 1% of the loan amount or Rs 2,500, whichever is higher, and the schedule says this includes stamp duty. A top-up loan costs 1% of the new amount or Rs 5,000, whichever is higher.

The Rs 2,500 minimum applies to any loan up to Rs 250,000. On a Rs 500,000 loan the fee is Rs 5,000. On Rs 1,000,000 it is Rs 10,000. The top-up minimum of Rs 5,000 means a small top-up of Rs 100,000 costs 5% of the amount in fees.

The schedule also says any "back to original" loan or enhancement is treated as a new loan. So adding money to an existing loan resets the fee.

Paying early costs 10% in the first year, 5% after

Standard Chartered charges 10% of the outstanding amount if you prepay a personal loan within 12 months, and 5% if you prepay after 12 months. On Rs 400,000 still owed, that is Rs 40,000 in the first year or Rs 20,000 later.

That penalty changes the maths of paying off early. If your remaining markup is less than the penalty, it may be cheaper to keep paying monthly. Ask the bank for a settlement letter showing both figures before you decide.

Odd day interest explained

If your first instalment falls more than 30 days after the money reaches you, the bank charges markup for the extra days, at the loan rate. So a first payment on day 40 means 10 days of extra markup. Ask for a first instalment date within 30 days to avoid it.

Ready Cash costs Rs 3,000 a year plus markup

Ready Cash is Standard Chartered's revolving credit line, a running loan you draw and repay like an overdraft. The schedule sets its annual fee at Rs 3,000, a line renewal charge of Rs 1,750, and markup of 33% with the prompt payment bonus or 36% without it.

Cheque encashment on Ready Cash costs Rs 150, with three free each month. A cheque book costs Rs 20 a leaf. The optional Credit Protector insurance costs 0.35% of the outstanding amount each month.

The 3 point gap between 33% and 36% is a reward for paying on time. On Rs 300,000 used for a year, that gap is worth about Rs 9,000.

Mortgage charges: 10% to prepay and 2% a month on overdue

For a Standard Chartered mortgage, the schedule sets the prepayment fee at 10% of the outstanding balance and liquidated damages, the late penalty, at 2% a month on the overdue amount. Property insurance and life cover cost 0.75% of the loan amount each.

The same page lists asset repossession charges and court or legal fees, with figures of Rs 60,000 and Rs 30,000 "or at actual"; the layout does not make clear which figure goes with which, so ask the bank. Auto financing legal, repossession and storage charges are all "as per actual", so the schedule gives no figure for them. For a home loan from another bank, see our Bank AL Habib home loan guide.

Before you sign any Standard Chartered loan, do these checks:

1. Ask for your exact markup rate in writing. The schedule only gives the 38% ceiling.
2. Ask for the full repayment schedule, so you can see total markup in rupees.
3. Check the first instalment date. More than 30 days adds odd day interest.
4. Work out the prepayment penalty before you plan to pay early.
5. Check the bank's other fees in our Standard Chartered schedule of charges.

We did not apply for a loan or ask the bank for a quote. Everything here comes from the bank's published schedule.

Frequently asked questions

Last checked: 12 November 2026, in Standard Chartered Pakistan's conventional schedule of charges for July to December 2026 (personal loan, Ready Cash, mortgage and auto finance pages).