Standard Chartered unsecured loan limit raised to Sh7 million

Standard Chartered has introduced a Sh7 million unsecured loan. The offer was unveiled in the bank’s annual Grand Sale campaign, which was launched on Monday. The sale, which has been held successfully for the last two years, will run for 45 days.

Standard Chartered CEO Lamin Manjang said customers will enjoy competitive interest rates from 18 per cent during the campaign period, which ends on September 7, 2016. “The Grand Sale is an annual event for the bank during which our customers look forward to exciting offers.

This year, in addition to customers winning their salaries back and other instant prizes, we’ve ensured the product propositions support the needs of the customers – higher loan amounts, improved turnaround time and superior product offering,” Mr Manjang said. As part of the campaign, 90 customers who sign up for personal loans will be entered into a weekly draw, during which they shall win an equivalent of their monthly gross salary.

“Every Monday is going to be a pay day for participating customers. We shall select two winners every day throughout the campaign and their accounts will be credited instantly,” he said.