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STANDARD CHARTERED BANK LOAN AGAINST SECURITIES

Standard Chartered Bank Loan Against Securities Details 

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.

Loan against security is an overdraft facility that you get in return for pledging securities, such as mutual funds, bonds, shares and life insurance policies. It provides the benefits of a current account while letting you pay interest only on the amount used. Standard Chartered Bank loans against securities provide you a personalised cheque book to manage your account. It gets easy access to your account with the help of a service desk.

Benefits of Standard Chartered Bank Loan Against Securities 

1. High loan amount upto Rs.20 lakh

2. Provide overdraft facility

3. Competitive processing free

4. Low interest rate starts at 9.50% to 12% per annum

5. Get easy access to your account with the help of service desk

6.  Simple documentation

7. Get a personalised cheque book to manage your account 

8. No prepayment penalties

Fee and Charges of Standard Chartered Bank Loan Against Securities 

To apply for a loan against securities you have to pay fees and charges applied by the Standard Chartered Bank. It covers all charges and fees made by a Standard Chartered Bank to their customers.The following charges are taken from Standard Chartered Bank loan against securities i.e processing fee, prepayment charges etc.

TYPE 

CHARGES 

Processing fee 

0.15% of the loan amount

Prepayment charges 

NIL 

Eligibility Criteria for Standard Chartered Bank Loan Against Securities

Before applying for a loan against securities from Standard Chartered Bank, you should fulfil all basic eligibility criteria as prescribed by the bank. You will get your loan amount very soon if you meet all the required eligibility criteria once the documentation is done.

1. Minimum age 21 years and above.

2. Available in Mumbai, Pune, Ahmedabad, Vadodara, Surat, Delhi, Kolkata and Chenna

Documents Required for Standard Chartered Bank Loan Against Securities 

Any applicant who is going to avail for a loan against securities must have to submit the following documents. These documents are the requirements for the lenders who are providing you the amount of loan.

1. KYC

2. Latest statement of holding for mutual funds 

3. Pledge form for the creation of pledge 

4. Income proof = Latest salary slip showing all deductions or FORM 16 along with recent salary certificate

5. Last 2 years ITR

6. Last 6 month Bank Statement 

7. Optional - Guarantor form (Mandatory in case of joint holdings)

Compare other bank home loan interest rates 

BANKS 

INTEREST RATE 

AXIS Bank Loan Against Securities

10.50% to 12.75%

Kotak Mahindra Bank Loan Against Securities 

9.25% to 13%

ICICI Bank Loan Against Securities

8.20% to 12.50%

Standard Chartered Bank Loan Against Securities

9.50% to 12%

How to apply for Standard Chartered Bank Loan Against Securities

There are two ways to apply for Standard Chartered Bank loan against securities :

1. Online Method 

Today, almost every bank in India provides you with the option of availing loan against securities online. The whole process is fast and hassle-free. You can visit the official website of the bank from whom you wish to avail the loan and click on the ‘Apply Now’ button. You will have to enter the details required by the lender and upload the necessary documents. Once the bank has verified the details and documents submitted by you, the loan amount will be disbursed to your bank account.

2. Offline Method

You can visit the nearest branch of the lender from whom you wish to avail the loan along with the necessary documents. An official from the bank will then further assist you with the process of applying for a loan against securities scheme.

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

Standard Chartered Bank Loan Against Securities Customer Care 

Contact number : 18003451000

Email id : customer.care@sc.com

How to calculate EMI of Standard Chartered Bank Loan Against Securities 

The mathematical formula to calculate EMI is : 

EMI = P × r × (1 + r)n/((1 + r)n - 1) 

Where,

P= Loan amount, 

r= interest rate, 

n=tenure in number of months

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 Loan Against Securities Frequently Asked Questions 

1. What is the interest rate charged by Standard Chartered Bank loan against securities?

Interest rates of Standard Chartered Bank loans against securities start at 9.50% to 12%  per annum.

2. What is the maximum loan amount provided by Standard Chartered Bank loan against securities?

Standard Chartered Bank loan against securities maximum loan amount is upto Rs.20 lakh.

3. How much tenure period of Standard Chartered Bank loan against securities?

The tenure period of Standard Chartered Bank loan against securities is 1 year.

4. How to apply for Standard Chartered Bank loan against securities?

You can apply online and online both for Standard Chartered Bank loan against securities

5. Is age an important factor to take a Standard Chartered Bank loan against securities?

Yes, the minimum age of the customer is 21 years to take a Standard Chartered Bank Loan against securities.

6. Which formula is used to calculate EMI of Standard Chartered Bank loan against securities?

The following formula is used to calculate EMI of Standard Chartered Bank loan against securities is EMI = EMI = P × r × (1 + r)n/((1 + r)n - 1), where P stands for Loan Amount, R stands for Interest Rate, N stands for tenure in number of months.

7. What is a loan against securities?

Loan against security is an overdraft facility that you get in return for pledging securities, such as mutual funds, bonds, shares and life insurance policies. It provides the benefits of a current account while letting you pay interest only on the amount used.

Last Updated on : 27/Aug/2020

Know More About

Standard Chartered Bank Loan Against Securities

You're eligible for a Standard Chartered Bank Loan Against Securities 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 Loans Against Securities 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 Loan Against Securities Interest Rates

Updated on 25 Nov 2017

Standard Chartered Bank Loan Against Securities Details
Interest Rate (Monthly reducing balance) 9.5% - 12%
Processing Fees Starting from 0.15% of the loan amount
Loan Tenure 1 year to years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Loans Against Securities 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