SC allows you to take a loan against your credit limit. Is this a good option for NRIs (Non-Resident Indians)?
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Standard Chartered offers loans against credit cards in India with low paperwork and quick approval. The interest rate is usually lower than a personal loan (12-18%). Non Residentisl Indians can get this if they have an India-based SC credit card. Internationally, SC offers personal loans instead of loans against credit cards. Verdict: If you’re an NRI with an SC India card, this is a quick loan option. But if you live abroad, a local SC personal loan may have better terms.