Standard Chartered Bank Education Loan: Interest Rate, Document, Process & Customer Care

Apply Now

STANDARD CHARTERED BANK EDUCATION LOAN

About Standard Chartered Bank Education Loan :

Standard Chartered Bank is a British multinational banking and financial services. It was established in 1969 and headquarters in London, England. It operates a network of more than 1200 branches and outlets across more than 70 countries and employees around 87000 people.

The education loan doesn’t only covers the tuition fee and the examination charges but also covers the allied expenses including the books, uniforms, traveling, tools, and equipment like laptops and tablets, and any other entity required for attaining a proper education. The education loans offered by Standard Chartered Bank can be availed by the admirable students who have the capability to do something big with their knowledge and education. One can apply for an education loan for pursuing any degree or courses like post-graduation, graduation and more.To overcome this issue Standard Chartered Bank came with an exciting opportunity i.e. Standard Chartered Bank Education Loan. 

Benefits of Standard Chartered Bank Education Loan :

 1. Attractive and competitive rate of interest

2. Moratorium period upto maximum of 3 years or courses duration whichever is earlier

3. Flexible repayment tenure from 1 year to 10 years

4. Repayable of EMI basis after moratorium period

5. The minimum loan amount is 1 lakh and maximum loan amount upto 10 lakh

 Documents required for Standard Chartered Bank Education Loan :

1. Letter of admission

2. Filled in Loan Application Form

3. 2 passport size photographs

4. Statement of cost of study

5. PAN Card of the student and the parent/guardian

6. Aadhaar Card of the student and the parent/guardian

7. Id proof  : Driving license, passport, aadhaar card, ant photo identity

8. Address proof : Driving license, passport, electricity bill, telephone bill

9. Student/co-borrower/guarantor’s bank account statement for last 6 months.

10. IT Return/ IT assessment order, of previous 2 years of parent/ guardian/ other co-borrower(If IT payee)

11. Brief statement of assets & liabilities of parent/ guardian/ other co-borrower

12. Income proof : Salary slip, form 16 of parent/ guardian/ other co-borrower

Eligibility Criteria for Standard Chartered Bank Education Loan :

1. Must be an Indian resident

2. Applicants should be secured admission with the education institutions.

3. Maximum age 62 years at the time of loan maturity.

4. Eligible courses are : Undergraduate / Bachelors, graduate/ Masters and above / professional courses

Compare other bank interest rate :

BANKS

INTEREST RATE

AXIS Bank Education Loan

13.70% to 15.20%

HDFC Bank Education Loan for Indian Education

9.55% to 13.50%

HDFC Bank Education Loan for Foreign Education

9% to 14%

Kotak Mahindra Bank Education Loan 

11.5% to 24%

IDBI Bank Education Loan

8.30% to 10.41%

Indian Bank Education Loan

Starts from 8.50%

RBL Bank Education Loan

14.15% to 16.15%

Bank of Baroda Education Loan

7.50% to 9.75%

Bank of India Education Loan

7.25% to 9.75%

Canara Bank Education Loan

11.35%

Standard Chartered Bank Education Loan

10.99%

SBI Student Loan Scheme

9.30%

SBI Skill Loan Scheme

8.80%

SBI Scholar Loan Scheme

8.30% to 9.95%

SBI Takeover of Education Loan

9.30%

SBI Global Ed-Vantage

9.30%

Other products of Standard Chartered Bank :

1. Standard Chartered Bank Home Loan 

2. Standard Chartered Bank Personal Loan

3. Standard Chartered Bank Loan against Securities

4. Standard Chartered Bank EMI Calculator

Expenses covered under Standard Chartered Bank Education Loan :

1. Tuition fees 

2. Cost of books, uniforms and stationeries

3. Cost of laptop or computer ( If required)

4. Examination Form

5. Library/ Laboratory fees

6. Hostel fee

7. Travel expenses ( for Abroad)

8. Miscellaneous Expenses

How to apply for Standard Chartered Bank Education Loan :

1.Offline Method : By visiting the nearest bank branch.

2. Online Method : 

  • Visit the official website of loan.

  • Click on apply now

  • Fill out the form with essential details.

  • Upload the mandatory documents required

  • Submit the form and take out a print out of the applications 

  • Visit the bank branch for further formalities.

How to contact with Standard Chartered Bank :

  1. By customer care contact number : 18003451000

  2. By customer care email id : customer.care@sc.com

Financials products offered by Bank :

BUSINESS LOAN

CAR LOAN

COMMERCIAL LOAN

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN

HOME LOAN

LOAN AGAINST PROPERTIES 

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

Standard Chartered Bank Education Loan Frequently Asked Questions :

1. What is the interest rate on the education Loan by Standard Chartered Bank?

Interest rates for Standard Chartered bank education loan starts from 10.99% p.a.

2. What is the minimum and maximum education loan amount offered by Standard Chartered Bank?

Standard Chartered Bank education loans amount ranging from Rs.1 lakh to Rs 10 lakh.

3. How much tenure period of Standard Chartered bank education loan?

The tenure period of Standard Chartered Bank education loan is 1 to 10 years.

 4. How to apply for Standard Chartered Bank Education Loan?

You can apply online and online both for Standard Chartered Bank Education Loan.

Last Updated on : 08/Sep/2020

Know More About

Standard Chartered Bank Education Loan

You're eligible for a Standard Chartered Bank Education Loan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Education Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Standard Chartered Bank Education Loan Interest Rates

Updated on 25 Nov 2017

Standard Chartered Bank Education Loan Details
Interest Rate (Monthly reducing balance) 10.99% - 0%
Processing Fees NIL
Loan Tenure 1 year to 10 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Education Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959