# Standard Chartered Loan Deferment **Published:** 2023-01-31T10:21:23.846Z **Updated:** 2026-08-07T11:35:01.383Z **Author:** Chanchal Singh **Original Url:** https://www.paisabazaar.ae/personal-loans/articles/standard-chartered-loan-deferment/ Personal Loan up to 8 times your Salary First established in the UAE in Sharjah in 1958, Standard Chartered Bank has become a formidable name in the banking sector of the UAE. With its regional hub in Dubai, Standard Chartered provides services across the Middle East as well as Africa. Standard Chartered has a diverse portfolio of offerings in the form of loans, deposits, accounts, cards, and others. For a hassle-free repayment of the loan, the bank offers various relief measures to borrowers, with loan deferment being one of them. Table of Content * [What is the Standard Chartered Loan Deferment?](#what-is-the-standard-chartered-loan-deferment) * [Standard Chartered Loan Deferment Process](#standard-chartered-loan-deferment-process) * [Standard Chartered Loan EMI Deferment](#standard-chartered-loan-emi-deferment) * [How Does the Standard Chartered Personal Loan Deferment Work?](#how-does-the-standard-chartered-personal-loan-deferment-work) * [Features & Benefits of Standard Chartered Personal Loan Deferment in UAE](#features--benefits-of-standard-chartered-personal-loan-deferment-in-uae) * [Fees & Charges for Standard Chartered Loan Deferment](#fees--charges-for-standard-chartered-loan-deferment) * [Can Standard Chartered Personal Loan Deferment Affect your Credit Score?](#can-standard-chartered-personal-loan-deferment-affect-your-credit-score) * [Key Takeaways](#key-takeaways) ## What is the Standard Chartered Loan Deferment? Standard Chartered offers the loan deferment option to its borrowers. Here, borrowers are allowed to defer or delay their loan repayments if they are facing any financial difficulty. Keep in mind that the bank offers the loan deferment option to eligible borrowers as well as for certain issues. Moreover, after the financial distress caused by the COVID-19 pandemic, Standard Chartered has introduced a special loan deferment for its borrowers. So if you have suffered a financial crisis due to the pandemic, you can apply for a loan deferment and delay the repayment for up to 3 months. ## Standard Chartered Loan Deferment Process If you want to apply for a loan deferment due to COVID-related financial stress or otherwise, you can request the bank for the deferment. For this, you would be required to submit an application by elaborating on your details and uploading the necessary documents in an email and sending it to covid.19relief@sc.com. Standard Chartered would assess your eligibility and past loan history. Based on these factors, it may approve or reject the deferment. If approved, the bank will inform you of the same and the deferment period.  ## Standard Chartered Loan EMI Deferment The loan EMI deferment is the same as loan deferment are the same. When you apply for a loan deferment, your EMIs are simply delayed. You can skip the EMI payments during the deferment period and resume them once it is over. | **[Apply for Standard Chartered Personal Loan in UAE](https://www.paisabazaar.ae/personal-loans/standard-chartered-personal-loan/)** | | --- | ## How Does the Standard Chartered Personal Loan Deferment Work? When you apply for a deferment, the bank assesses your past loan record, deferments that you have already availed of, and whether you qualify for the eligibility criteria. If you get a deferment, your EMIs are pushed forward. It’s worth noting that interest would accumulate during the deferment period on the outstanding balance of the loan. This interest is added to the outstanding loan amount, which you will have to pay after the deferment tenure comes to an end. Another aspect to take into consideration is that you may also have to pay a fee for deferment. Loan deferment fees usually vary, with AED 105 being charged for personal loan deferments.  However, in the case of COVID-related deferments, no additional fee is charged for the delay. ## Features & Benefits of Standard Chartered Personal Loan Deferment in UAE Some of the major features and benefits of Standard Chartered personal loan deferment in the UAE are as follows – * In the case of COVID-related deferments, you can get a deferment for up to three months * The deferment is available for both regular and Islamic loans. * Besides [personal loans](https://www.paisabazaar.ae/personal-loans/), [auto loans](https://www.paisabazaar.ae/car-loans/) and home finance options also allow deferments ## Fees & Charges for Standard Chartered Loan Deferment For COVID-related deferments, there’s no additional fee for deferring the EMI payments. However, for normal EMI deferments, a fee of AED 105 (for personal loans) would be payable. ## Can Standard Chartered Personal Loan Deferment Affect your Credit Score? The credit score is affected if you miss the EMI payments before prior notice and approval. When you apply for a loan deferment, however, you formally request the bank to delay your EMIs for a few months.  In this case, if the bank approves the deferment, it won’t report the specific EMIs as delayed to the Al Etihad Credit Bureau (AECB). Consequently, your credit score would remain unaffected. ## Key Takeaways Standard Chartered offers loan deferment to its customers, both in the usual course of repayment as well as for COVID-related crises. You can apply for the deferment and get an EMI holiday in a financial crisis. While the deferment attracts certain fees in regular cases, it is done for free in case of COVID-associated deferments. You also won’t have to worry about your credit score with loan deferments, as these EMIs will not affect your credit score as long as the bank authorises the deferment. Thus, you can avail of the Standard Chartered loan deferment option if you are facing financial adversity after getting the necessary approval from the bank first.  | Top UAE Banks Loan Deferment Process | | --- | | [Emirates NBD Loan Deferment](https://www.paisabazaar.ae/personal-loans/articles/emirates-nbd-loan-deferment/) | [ADCB Loan Deferment](https://www.paisabazaar.ae/personal-loans/articles/adcb-loan-deferment/) | | [Dubai Islamic Bank Loan Deferment](https://www.paisabazaar.ae/personal-loans/articles/dubai-islamic-bank-loan-deferment/) | [RAKBANK Loan Deferment](https://www.paisabazaar.ae/personal-loans/articles/rakbank-loan-deferment/) | | [HSBC Loan Deferment](https://www.paisabazaar.ae/personal-loans/articles/hsbc-loan-deferment/) | [Mashreq Bank Loan Deferment](https://www.paisabazaar.ae/personal-loans/articles/mashreq-loan-deferment/) | | [FAB Loan Deferment](https://www.paisabazaar.ae/personal-loans/articles/fab-loan-deferment/) |   | ### Personal Loan Popular Searches [Personal Loan in Dubai](https://www.paisabazaar.ae/personal-loans/) | [Urgent Cash Loan in Dubai](https://www.paisabazaar.ae/personal-loans/articles/urgent-cash-loan-in-dubai/) | [Borrow Money Online in Dubai](https://www.paisabazaar.ae/personal-loans/articles/where-can-you-borrow-money-in-uae/) | [Personal Loan for Expats](https://www.paisabazaar.ae/personal-loans/personal-loan-for-expats/) | [Private Lenders in Dubai](https://www.paisabazaar.ae/personal-loans/articles/private-lenders-in-uae/) | [Buyout loan Dubai](https://www.paisabazaar.ae/personal-loans/articles/buyout-loan/) | [Personal Loan in Dubai 4000 Salary](https://www.paisabazaar.ae/personal-loans/articles/personal-loan-with-salary-less-than-aed-4000-in-dubai/) | [Personal Loan in UAE 3000 Salary](https://www.paisabazaar.ae/personal-loans/articles/how-much-personal-loan-can-i-get-on-aed-3000-salary/) | [Personal Loan Without Salary Transfer](https://www.paisabazaar.ae/personal-loans/personal-loan-in-uae-without-salary-transfer/) | [Personal Loan in UAE 2500 Salary](https://www.paisabazaar.ae/personal-loans/articles/personal-loan-in-uae-aed-2500-salary-apply-now-online/) | [Personal Loan in UAE 5000 Salary](https://www.paisabazaar.ae/personal-loans/articles/banks-offering-personal-loan-in-uae-with-5000-salary/) | [Personal Loan in UAE 2000 Salary](https://www.paisabazaar.ae/personal-loans/articles/applying-for-a-personal-loan-with-a-salary-of-aed-2000/) | [Personal Loan for Non Listed Companies](https://www.paisabazaar.ae/personal-loans/personal-loan-for-non-listed-companies/) | [Personal Loan for Self-Employed Professional](https://www.paisabazaar.ae/personal-loans/personal-loan-for-self-employed-professionals-and-individuals/) | [Personal Loan in UAE with Bad Credit Score](https://www.paisabazaar.ae/personal-loans/articles/have-bad-credit-heres-how-you-can-still-get-personal-loan/) ←Previous [Debt Snowball Strategy](https://www.paisabazaar.ae/personal-loans/articles/debt-snowball-strategy/) Next→ [ADCB Loan Deferment](https://www.paisabazaar.ae/personal-loans/articles/adcb-loan-deferment/) ## Personal Loan Categories * [Personal Loan for 2000 Salary in UAE](https://www.paisabazaar.ae/personal-loans/2000-salary-personal-loan-uae/) * [Personal Loan with Bad Credit UAE](https://www.paisabazaar.ae/personal-loans/bad-credit-personal-loan-uae/) * [Personal Loan Without Salary Transfer UAE](https://www.paisabazaar.ae/personal-loans/without-salary-transfer/) * [Compare Personal Loan in UAE, Dubai](https://www.paisabazaar.ae/personal-loans/compare-personal-loans-uae/) * [Best Personal Loan in UAE](https://www.paisabazaar.ae/personal-loans/best-personal-loan-in-uae/) * [Personal Loan Interest Rates](https://www.paisabazaar.ae/personal-loans/interest-rates/) * [Personal Loan with Salary Transfer](https://www.paisabazaar.ae/personal-loans/personal-loan-with-salary-transfer/) * [Personal Loan for Self-Employed Professional](https://www.paisabazaar.ae/personal-loans/personal-loan-for-self-employed-professionals-and-individuals/) * [Personal Loan for Non-Listed Companies in UAE](https://www.paisabazaar.ae/personal-loans/personal-loan-for-non-listed-companies/) * [Personal Loans for Expats in UAE](https://www.paisabazaar.ae/personal-loans/personal-loan-for-expats/) * [Personal Loans for UAE Nationals](https://www.paisabazaar.ae/personal-loans/personal-loan-for-uae-nationals/) ## Personal Loan Bank Wise * [UAB Personal Loan](https://www.paisabazaar.ae/personal-loans/uab-personal-loan/) * [Emirates NBD Loan](https://www.paisabazaar.ae/personal-loans/emirates-nbd-personal-loan/) * [Emirates Islamic Loan](https://www.paisabazaar.ae/personal-loans/emirates-islamic-bank-personal-loan/) * [CBD Loan](https://www.paisabazaar.ae/personal-loans/cbd-personal-loan/) * [Dubai Islamic Bank Loan](https://www.paisabazaar.ae/personal-loans/dubai-islamic-bank-personal-loan/) * [Deem Finance Loan](https://www.paisabazaar.ae/personal-loans/deem-finance-personal-loan/) * [ADCB Loan](https://www.paisabazaar.ae/personal-loans/adcb-personal-loan/) * [ADIB Loan](https://www.paisabazaar.ae/personal-loans/adib-personal-loan/) * [FAB Loan](https://www.paisabazaar.ae/personal-loans/fab-personal-loan/) * [RAKBANK Loan](https://www.paisabazaar.ae/personal-loans/rak-bank-personal-loan/) * [HSBC Loan](https://www.paisabazaar.ae/personal-loans/hsbc-personal-loan/) * [Al Hilal Bank Personal Loan](https://www.paisabazaar.ae/personal-loans/al-hilal-bank-personal-loan/) * [Finance House Loan](https://www.paisabazaar.ae/personal-loans/finance-house-personal-loan/) * [Standard Chartered Loan](https://www.paisabazaar.ae/personal-loans/standard-chartered-personal-loan/) * [Sharjah Islamic Bank Loan](https://www.paisabazaar.ae/personal-loans/sharjah-islamic-bank-personal-loan/) * [Ajman Bank Loan](https://www.paisabazaar.ae/personal-loans/ajman-bank-personal-loan/) * [National Bank of Fujairah Loan](https://www.paisabazaar.ae/personal-loans/national-bank-of-fujairah-personal-loan/) * [Citibank Loan](https://www.paisabazaar.ae/personal-loans/citibank-personal-loan/) * [NBQ Loan](https://www.paisabazaar.ae/personal-loans/nbq-personal-loan/)