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.
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Charge type |
Applicable charges |
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Processing |
Not applicable |
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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 |
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Late payments charges |
Rs. 496 + GST |
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Swap Charge |
Rs. 500 +GST |
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
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Criteria |
For Salaried |
For Self-employed |
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Id Proof |
Register (containing details of name and address) |
Register (containing details of name and address) |
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Address proof |
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Age proof |
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Income proof |
statement |
Return
Income Schedule
statement |
Also compare other bank personal loan interest rates
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Banks |
Interest Rates |
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12% p.a. |
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11.30% to 16.40% |
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12.15% to 15.15% |
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11.65% to 14.65% |
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10.75% p.a. |
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10.75% to 17.99% |
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10.99% to 20.00% |
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10.50% |
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11.25% to 22.00% |
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10.99% to 19.00% |
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12.00% to 13.50% |
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13.99% to 18.00% |
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10.75% to 17.84% |
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11.00% to 20.00% |
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10.50% to 16.15% |
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12.15% to 14.15% |
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Eligibility Criteria for Standard Charted Bank Personal Loan
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Eligible |
Salaried, self-employed, private sector employees, government employees, doctors, teachers, Employees of various public and private companies, local bodies. |
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Age |
21 years to 56 years at the time of loan maturity |
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Income |
minimum of 1 year with the current employer Min. Rs 15000 salary |
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/2020Know More How To Apply ??
Know More About
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
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