Standard Chartered Bank Personal Loan


Enjoy the freedom to borrow up to ₹5,00,000 with repayment tenures ranging from 1 to 5 years. Experience a hassle-free loan application process and a quick approval rate with interest rates starting at 12% p.a. Empower your aspirations with Standard Chartered Bank personal loans, today.

Dare to dream big with Standard Chartered Bank personal loans, where your untaught perspective about loans becomes a reality.

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Table of Contents:

Standard Chartered Bank Loan Details

Standard Chartered Bank offers a comprehensive range of financial products and services designed to meet the diverse needs of its customers. When considering banking options, it is important to examine factors such as interest rates, tenure, processing fees, and other associated charges. These details play a crucial role in making informed decisions and choosing the right financial products.

Let's take a closer look at the specific details provided by Standard Chartered Bank in the table below:

Interest rate 12% p.a.
Loan Amount Up to 30 lakhs
Loan Tenure From 1 to 5 years
Minimum Salary ₹22,000
Processing Fee 2.25% of the loan amount

Standard Chartered Bank Personal Loan Interest Rates & Charges

Interest rates play a significant role in determining the profitability and attractiveness of various banking products. To make informed decisions, it is crucial to understand and compare interest rates offered by different banks. The table below provides an overview of Standard Chartered Bank Personal loan interest rates among various banks, allowing for easy comparison and analysis.

Interest rate 12% p.a.
Processing fee Up to 2.25%
Pre-payment charges 1-5 %
Late payment fee ₹495
Interest on arrears 2% per month
Swap charges ₹500

Standard Chartered Bank Personal Loan EMI Calculator

You can now easily calculate your Equated Monthly Installments (EMI) with Standard Chartered Bank’s EMI calculator. This financial tool calculates Equated Monthly Installments ( EMIs ) based on the loan amount, interest rate, and loan length. Its importance stems from the fact that it provides borrowers with a quick and precise estimate of their monthly payback responsibilities, assisting them in financial planning and decision-making.

₹
%
Monthly EMI ₹86
Principal Amount ₹1,000
Total Interest ₹32
Total Amount ₹1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

Standard Chartered Bank Personal Loan Eligibility

To avail a personal loan, you need to meet certain eligibility criteria. These criteria are in place to ensure that the bank lends responsibly and that borrowers have the ability to repay their loans. Let's take a closer look at the Standard Chartered Bank personal loan eligibility criteria to determine if you are eligible to avail loans.

Eligibility Criteria Details
CIBIL score 750 and above
Age 23 -58 Years old
Minimum Income ₹495
Interest on arrears Rs.22,000
Occupation Salaried/ Self-salaried

Documents Required to Apply for Standard Chartered Bank Personal Loan

It’s essential to check out the documents required to apply for a personal loan from Standard Chartered Bank. So that you can prepare the documents necessary for the application process and keep them handy.

Documents Required Details
Form Duly filled application form
Proof Of Identity Passport
Other documents required Driving License
Aadhaar Card
Voter ID Card

Comparison of Standard Chartered Bank Personal Loans Vs Other Providers

Making informed decisions about financial lending is essential for anyone who wishes to obtain a loan. It’s important to compare Banks and NBFCs so that you can choose the best loan that suits your financial situation better.

Bank Interest rates (p.a) Processing fee
Standard Chartered Bank 12% 2.25%
HDFC bank 12.99% 3.99%
Bajaj Finserv 12% - 21% p.a Up to 3%
Axis Bank 15.75% - 24% 2%/td>
Citibank 10.99% 3%
Private Bank 19.25% 2.25%

Types of Personal Loans By Standard Chartered Bank

Personal loans offer a range of possibilities for individuals seeking financial assistance. Consider the various types of personal loans available and choose the one that aligns with your goals and financial situation. Remember to carefully analyze the terms and conditions, interest rates, and repayment options before borrowing to ensure successful utilization of the loan.

  • Marriage Loan: Make your destination wedding dream come true with marriage loans from Standard Chartered Bank with low interest rates and get up to Rs.-50 lakhs.
  • Travel Loan:Travel more and tick off your bucket list with Standard Chartered Bank Travel Loans. Cover your flight tickets, accommodation charges, and everything else with a travel loan of up to 50 lakhs.
  • Multipurpose Personal Loan: You can apply for a personal loan for pretty much any emergency needs in uncertain times or for upgrading purchases for mobile phones, laptops, or almost anything you feel needs an upgrade for your comfort.

Features and Benefits of Standard Chartered Bank

Here are the major highlights of Standard Chartered Bank that make your entire process easy and hassle-free:

50% Discount on Processing
fee

Online applicants can avail
50% off on processing fee

Video KYC

Complete your KYC through
a video call online

Instant loan approval

get loans up to 5 lakhs
approved within a few
mintues

Minimal
Documentation

Paperless and Hassle-free
process

Pre Payment Facility

Pay 25% of outstanding
balance anywhere between
12-60 months

Flexible Repayment
Tenures

From 12 - up to 60 months
with 11.49%p.a. interest rates.

Repayment Options for Standard Chartered Bank

Standard Chartered Bank provides various repayment methods for its customers. You can choose to make your repayment from options applicable to Standard Chartered Bank, as listed below:

  • You can choose to repay through direct debit, where the bank will deduct the repayment amount directly from your designated account.
  • It is important to comply with the bank's usual requirements for the chosen repayment method, as stated in the payment clause.
  • The use of checks for repayment is not allowed.
Note:However, remember that closing or changing the account from which checks are drawn may require payment of applicable fees mentioned in the tariff sheet or elsewhere in the bank's terms and conditions.

Steps To Apply For A Standard Chartered Personal Loan with Buddy Loan:

Steps To Apply For a Personal Loan with Buddy Loan

  • Step 1: Visit buddyloan.com or Download the Buddy Loan app (Android or iOS).
  • Step 2: Proceed to the personal loan application page. Provide the mobile number and enter the received OTP.
  • Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option.
  • Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
  • Step 5: Enter your work details (Including company name, years of service and Designation)
  • Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
  • Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.

Ready to take the next step? Apply for a personal loan now!

Frequently Asked Questions

The lowest interest rate available at Standard Chartered Bank was 11.49% p.a.

You can get instant personal loans from Standard Chartered Bank within a few minutes. However, the disbursal of the amounts will take 4-7 working days from Standard Chartered Bank.

You can avail a maximum of up to 50 lakhs.

If you are a citizen of India, self-employed or salaried individuals who make above ₹22,000 per month are eligible to apply for a Personal Loan.

You can apply for Standard Chartered Personal loan online through Buddy Loan app. Here you can conveniently compare Banks and NBFCs and apply to get approval in minutes.

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