Standard Chartered Bank Business Loan


Standard Chartered Bank offers a range of business loan solutions to expand your operations, invest in new equipment, or manage cash flow. It provides competitive interest rates with flexible terms. With a focus on supporting businesses of all sizes, Standard Chartered business loans come with personalized service and dedicated support to help you achieve your financial goals and drive growth for your company.

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Standard Chartered Bank Business Loan Highlights

Here are the highlights of Standard Chartered Bank Business Loan:

Loan amount Up to ₹25 Crore*
Loan purpose Working capital loan, business expansion, equipment purchase loan, and more
Repayment terms Up to 20 years*
Collateral Secured and unsecured business loan options are available
Online application Convenient online application process
*Note: The loan amount and tenure vary as per the business loan type.

Standard Chartered Bank Business Loan Interest Rates & Charges

Standard Chartered Bank provides business loans with competitive interest rates that depend on the loan type, creditworthiness, loan amount, and tenure. Here’s an overview:

Interest Rate 17.25% p.a.* (for Business Installment Loan)
Processing Fees 2% of tde loan amount
Prepayment Penalty 5% of tde principal outstanding
EMI Bounce Charges ₹495 per instance
Penal Interest 24% p.a.
Note: Please note that the interest rates and processing fees are subject to change as per the market risks and the economic conditions. Please visit HDFC Bank's Website for current updates.

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Types of Business Loans by Standard Chartered Bank

Here are the types of business loans provided by Standard Chartered Bank:

Loan Type Purpose Highlights
Business Installment Loan (BIL) Unsecured business loans for Working capital, expansion, equipment purchase Loan amount: Up to ₹1 Crore
Tenure: Up to 4 years Interest rate: 17.25% p.a.
Loan Against Property (LAP) Asset-backed financing for various business needs Loan amount: Up to ₹25 crore
Tenure: Up to 20 years
Loan Overdraft & Trade Working Capital Overdraft, Short-term Loans, and Trade Facilities such as Letter of Credit, Bank Guarantee, Export Finance, FX Forward Contract, and LC Bill Discounting. Loan amount: Up to ₹20 crore
Interest rate: 10% to 15% p.a.
Note: Please note that the interest rates and processing fees are subject to change as per the market risks and the economic conditions. Please visit HDFC Bank's Website for current updates.

Curious to know more on the different types of MSME business loan offered?
Check more on equipment purchase loan, medical equipment loan, construction equipment loan and commercial vehicle loans from the linked pages.

Standard Chartered Business Loan Vs Other Lenders

Here is a comparison of the business loan interest rates offered by Standard Chartered Bank with those of other leading lenders in India:

Top Bank/NBFCs Business Loan Interest Rates
Standard Chartered Bank 17.25% p.a.
HDFC Bank 10% - 22.50% p.a.
Axis Bank 14.95% - 19.20% p.a.
Bajaj Finserv 9.75% - 30% p.a.
Flexiloans 1% per month onwards

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Note: The interest rates mentioned are subject to change. Do visit the official website for updated rates.

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Standard Chartered Business Loans Eligibility Criteria

To be eligible for a Standard Chartered business loan, you should meet the following criteria:

  1. Partnership firms, including Limited Liability Partnership (LLP) firms, are eligible.
  2. Sole Proprietorship entities can apply for the loan.
  3. Private Limited Companies, including closely held limited companies, meet the criteria.
  4. The entity must present profitability in its business operations.
  5. A minimum of 3 years of business operation is required for eligibility.
  6. The entity should have a minimum annual turnover of INR 100 lakhs to qualify for the loan.

Documents Required for Standard Chartered Business Loans

When applying for a business loan, prepare the following documents:

  1. Provide documents for entity establishment, identity verification, and address proof.
  2. Submit 12-month GST returns for turnover calculation.
  3. Furnish the latest 2 years' annual returns, including Profit & Loss (P&L) statement, balance sheet, and income tax returns.
  4. Present the last 6 months' statements.
  5. Detailed requirements will be communicated by the sales officer.

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How to Apply for Standard Chartered Business Loan

Here are the steps to apply for a Standard Chartered Bank Business Loan online:

  1. Visit the Standard Chartered Business Loan website.
  2. Choose the loan type based on your needs (Business Installment Loan, Loan Against Property, Overdraft, Trade Finance, etc.).
  3. Click on the "Apply Now" button for the chosen business loan.
  4. Provide business details, contact info, financials, and loan purposes.
  5. Upload scanned copies of required documents
  6. Review the loan application and submit it online.
  7. You will receive an approval notification within the specified timeframe.

Steps to Apply for a Business Loan on Buddy Loan

You can also apply for a business loan through Buddy Loan. Follow the steps mentioned below:

Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).

Step 2: Open the business loan application page. Enter your mobile number and OTP.

Step 3: Specify the desired loan amount and email. Next, choose the Business Loan option.

Step 4: Choose if you have a Business Proof (Yes/ No)

  • If ‘Yes’ (If you have a business proof), enter your business and personal details.
    Or
  • If ‘No’ (If you do not have a business proof), choose the profession type and enter your personal details.

Step 5: Provide income details and Click the ‘Submit’ button.

Features & Benefits of Standard Chartered Bank Financing

Here are some advantages of choosing Standard Chartered Bank for financing:

  • No collateral required: Obtain collateral-free business loans up to INR 1 Crore with a maximum tenure of 4 years.
  • Streamlined documentation: Simplified credit assessments based on GST statements.
  • Top-up option: Access top-up facility based on your existing loan repayment history.
  • Simple process: Hassle-free application process with minimal documentation, allowing you to focus on your business.
  • Contact easily: Reach out through the 24x7 phone banking helpline or visit the extensive branch network for assistance.

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Frequently Asked Questions

Businesses meeting the eligibility criteria such as turnover, credit history, and vintage can apply.

Standard Chartered offers business loans up to a maximum amount of ₹25 crore based on the loan type and applicant's eligibility.

Interest rates start at 17.25% p.a. for Business Installment Loans and vary based on the loan type, tenure, and other factors.

Repayment periods typically vary from months to years, depending on the type of loan and agreement terms.

Eligibility criteria include business turnover, credit history, minimum business vintage, and income criteria.

Yes, prepayment options are available, and charges may apply based on the terms and conditions of the loan agreement.

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