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

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STANDARD CHARTERED BANK PERSONAL LOAN

ABOUT STANDARD CHARTERED BANK PERSONAL LOAN :

Standard Chartered Bank is a British multinational banking and financial services. It was established in 1969 and headquarters in London, England. This bank is also available for both salaried and non salaried individuals. Standard Chartered Bank Personal Loan is among the most convenient ways to avail cash. 

BENEFITS OF STANDARD CHARTERED BANK PERSONAL LOAN :

1. Less and simple documentation :

Standard Chartered Bank required less documentation for the processing of personal loans.The documents submitted by the customers are KYC, address proof and income proof with the loan application form. It is not required to submit so many documents for a personal loan. The process of documentation is very simple and fast

2. Fast and smooth processing  :

The processing fees of Standard Chartered Bank personal loan is 1% of the loan amount borrowed. Standard Chartered Bank processes the loan approval in a very quick and easy way.  It should also be a very smooth process for the customer.

3. Instant approval when you apply online

Standard Chartered Bank provides personal loan approval in a very speedy way for the customers so they don't have to waste their precious time for loan approval. They can easily get approval for the personal loan either online or offline.

4. No requirement of guarantor : 

Standard Chartered Bank is an unsecured loan so you does not need to submit any collateral and guarantor for personal loan 

5. Flexible tenure :

Standard Chartered Bank personal loan offers the best and flexible loan tenure of 1 years to 5 years. The Standard Chartered Bank personal loans are taken to meet their sudden needs of the customers.

 

FEES AND CHARGE OF STANDARD CHARTERED BANK PERSONAL LOAN :

TYPE

CHARGES

Processing fee

1% of amount borrowed

Pre-Payments fee

Pre-closure permitted after 1 year, 2% of principal outstanding plus ST.

Late payments charges

Rs. 496 + GST

Swap Charge

Rs. 500 +GST

 

DOCUMENTS REQUIRED FOR STANDARD CHARTERED 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 3 month salary slips

Latest 3 months bank statement

Form 16

1 year Individual IT Return

Computation of Income Schedule

1 year audited P&L

Lastest 3 months bank statement

Form 16

                                 

ELIGIBILITY CRITERIA OF STANDARD CHARTERED 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 60 years at the time of loan maturity

INCOME

Monthly income should be Rs. 22000

 

COMPARE OTHER BANK PERSONAL LOAN INTEREST RATE :     

BANKS

INTEREST RATES

AXIS Bank Personal Loan

12% to 24%

SBI Personal Loan

11.30% to 16.40%

SBI Xpress Bandhan

12.15% to 15.15%

SBI Xpress Credit Personal Loan

11.50% to 12%

HDFC Bank Personal loan

10.75% to 21.50%

Kotak Mahindra Bank Personal Loan

10.50% to 16.99%

Yes Bank Personal Loan

20.00% to 22.00%

Citi Bank Personal Loan

10.50% to 17.99%

ICICI Bank Personal Loan

10.99% to 16.25%

Standard Chartered Bank Personal Loan

11.00% to 19.20%

IDBI Bank Personal Loan

12.00% to 14.00%

RBL Bank Personal Loan

14.00% to 23.00%

HSBC Bank Personal Loan

10.75% to 17.84%

IndusInd Bank Personal Loan

11.00% to 16.75%

Bank of Baroda Personal Loan

7.65% to 12.65%

Bank of India Personal Loan

12.15% to 14.15%

Canara Bank Personal Loan

12.05% onwards

 

HOW TO APPLY ONLINE 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

 

HOW TO CALCULATE EMI OF STANDARD CHARTERED BANK PERSONAL LOAN :

The following formula is used to calculate EMI of Standrad Chartered Bank personal loan ::

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

where,

EMI = Equated Monthly Installment

P = Principal Loan Amount

R = Monthly Interest Rate

N = Number of Monthly Installments

                                    

FREQUENTLY ASKED QUESTIONS :

1. What is the interest rate of the personal Loan by Standard Chartered Bank?

Interest rates for Standard Chartered Bank personal loan is 11% to 19.20%

2. 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

3. How much time does it take to process the personal loan for Standard Chartered Bank personal loan ?

Bank takes nearly 4 to 5 days after loan confirmation.for Standard Chartered Bank personal loan.

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

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

5. What are the age limits required for a salaried individual to take a Standard Chartered Bank personal loan?

Applicants must be at least 21 years to 60 years to take a Standard Chartered Bank Personal Loan

6. How much tenure period of Standard Chartered Bank personal loan?

The tenure period of Standard Chartered Bank Personal loan is 1 to 5 years

Last Updated on : 07/Sep/2020

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