Standard Chartered Bank Personal Loan Login, Review, On Credit card, Interest Rate

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STANDARD CHARTERED BANK PERSONAL LOAN

Standard Chartered Bank Personal Loan is among the most convenient ways to avail cash. This top lender offers personal loans ranging from Rs. 1 lakh to Rs. 30 lakh at a competitive rate of interest and with flexible loan tenure. Personal loan offers by Standard Chartered bank typically feature repayment tenure ranging from 12 to 60 months, thereby not putting pressure on your monthly budget.

Standard charted bank Interest rate, Fee & charges

Charge type

Applicable charges

Processing 

Not applicable

Pre-Payments fee

5% of the principal outstanding for 0-12 months

4% of the principal outstanding for 12-24 months

2% of the principal outstanding for 25-36 months

1% of the principal outstanding after 36 months

Late payments charges

Rs. 496 + GST

Swap Charge

Rs. 500 +GST

   

Standard Chartered Bank Personal Loan Features & Benefits

  • You can avail Upto  Rs. 1 Lakh to Rs. 30 Lakh, depending on the eligibility, income and repayment capacity of the applicant

  • Standard Chartered offers personal loan borrowers the option to repay loans within a tenure ranging from 12 months to a maximum of 60 months 

  • Fast loan processing with minimal documentation 

  • No processing fees on a personal loan up to Rs. 30 lakh and also get 50% discount on processing fee when apply through online

Documents required for Standard Charted Bank Personal Loan

Criteria

For Salaried 

For Self-employed

Id Proof

  • Photographs

  • Passport

  • Driving license

  • Voter id

  • Aadhar card

  • National Population

Register (containing

details of name and

address)

  • Photographs

  • Passport

  • Driving license

  • Voter id

  • Aadhar card

  • National Population

Register (containing

details of name and

address)

Address proof

  • Passport

  • Driving license

  • Voter id card

  • Ration card

  • Utility bills

  • Property registration documents/rental agreement

  • Passport

  • Driving license

  • Voter id card

  • Ration card

  • Utility bills

  • Property registration documents/rental agreement

Age proof

  • Aadhar card

  • Birth certificate

  • Passport

  • Voter id 

  • Aadhar card

  • Birth certificate

  • Passport

  • Voter id

Income proof

  • Latest 2 payslips

  • Last 3 months bank

statement

  • 1 year Individual IT

Return

  • Computation of

Income Schedule

  • 1 year audited P&L

  • Last 3 months bank

statement

Also compare other bank personal loan interest rates

Banks

Interest Rates

AXIS Bank Personal Loan

12% p.a.

SBI Personal Loan

11.30% to 16.40%

SBI Xpress Bandhan

12.15% to 15.15%

SBI Xpress Credit Personal Loan

11.65% to 14.65%

HDFC Bank Personal loan

10.75% p.a.

Kotak Mahindra Bank Personal Loan

10.75% to 17.99%

Yes Bank Personal Loan

10.99% to 20.00%

Citi Bank Personal Loan

10.50%

ICICI Bank Personal Loan

11.25% to 22.00%

Standard Chartered Bank Personal Loan

10.99% to 19.00%

IDBI Bank Personal Loan

12.00% to 13.50%

RBL Bank Personal Loan

13.99% to 18.00%

HSBC Bank Personal Loan

10.75% to 17.84%

IndusInd Bank Personal Loan

11.00% to 20.00%

Bank of Baroda Personal Loan

10.50% to 16.15%

Bank of India Personal Loan

12.15% to 14.15% 

 

Eligibility Criteria for Standard Charted Bank Personal Loan

Eligible 

Salaried, self-employed, private sector employees, government employees, doctors, teachers, Employees of various public and private companies, local bodies. 

Age

21 years to 56 years at the time of loan maturity

Income 

minimum of 1 year with the current employer

Min. Rs 15000 salary 

How to apply for Standard chartered bank personal loan

  • Firstly browse to Standard Chartered Bank online portal

  • Now go to “Our Products” section

  • select “Loan & Mortgages “ menu

  • Now click  on ”Personal loan”

  • Carefully fill the application form

  • Read all loan related documents carefully 

Frequently Asked Questions (FAQs) 

1. What is a Personal loan?

A personal loan is a type of unsecured loan and helps you overcome financial issues. You don’t usually need to grant any security while getting a personal loan and your lender provides you with the freedom to use the funds as per your need. It can help you in many ways like managing your travel costs and wedding expenses as well as the expenses of a medical emergency, home renovation, debt consolidation and others.

2. What is the interest rate on the personal Loan by Standard Chartered Bank?

Interest rates for Standard Chartered bank personal loan start @ 10.99%.

3. What is the minimum and maximum personal loan amount offered by Standard Chartered Bank?

Standard Chartered Bank personal loans ranging from Rs. 1 lakh to Rs. 30 lakh at a competitive rate of interest and with flexible loan tenure 

4. How much time does it take to process the personal loan?

Bank takes nearly 4 to 5 days after loan confirmation.

5. Is there any security required when applying for a personal loan?

For Standard Chartered bank personal loan no security or collateral is required.

6. How do I repay the personal loan?

You can repay the personal loan in easy EMIs using NACH. There is a facility of direct account debit for existing Standard chartered bank customers.

7. It is possible to prepay the personal loan?

YES, by paying 5% pre-payment charges after 12 EMI you can prepay your personal loan.

Last Updated on : 02/Jul/2020

Know More How To Apply ??

Know More About

Standard Chartered Bank Personal Loan

You're eligible for a Standard Chartered Bank Personal 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 Personal 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 Personal Loan Interest Rates

Updated on 25 Nov 2017

Standard Chartered Bank Personal Loan Details
Interest Rate (Monthly reducing balance) 11% - 19.2%
Processing Fees 1% of amount borrowed
Loan Tenure 1 year to 5 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Personal 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