Standard Chartered Personal Loan EMI Calculator - Mar 2017

Standard Chartered Bank Personal Loan Calculator

Lowest EMI on Standard Chartered Bank Personal Loan - Rs. 2,199 per lakh
Last Updated 18th Nov 2016
Loan Tenure
Loan Amount (Rs.) 2 Years 3 Years 5 Years
100,000 Rs. 4,684 Rs. 3,297 Rs. 2,199
300,000 Rs. 14,051 Rs. 9,891 Rs. 6,596
500,000 Rs. 23,418 Rs. 16,486 Rs. 10,994
1,000,000 Rs. 46,836 Rs. 32,971 Rs. 21,988

Factors affecting Standard Chartered Personal Loan EMI

  • Borrower age should be between 23 years to maximum 58 years.
  • Maximum personal loan amount offered by Standard Chartered Bank is upto Rs. 1,500,000.
  • Interest rates range from 11.49% to 20.00% depending upon customer profile, loan amount and other factors.
  • Processing fee in Standard Chartered Bank may be 0.50% to 1.00% of loan amount.
Standard Chartered Bank Personal Loan EMI Calculator

Standard Chartered Personal Loan EMI

  • Personal Loan EMI (or equated monthly installment) is a fixed amount of money paid by you to Standard Chartered Bank against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
  • With Standard Chartered Bank offering Personal Loans with loan tenure upto 5 years, the loan EMI can be as low as Rs. 2199 per lakh, to make it more affordable and convenient to meet your personal needs. Rate of interest offered by Standard Chartered Bank are as low as 11.49%.
  • This EMI consists of both interest payment and principal repayment. Though the EMI amount will remain constant, the principal component keeps increasing and on the other hand the interest component keeps reducing.

Standard Chartered Bank Personal Loan calculator formula

P*r* (1+r)^n/([(1+r)^n]-1)
Here is an illustration of how Standard Chartered Bank Personal Loan EMI is calculated:
In above formula,
P = Loan amount. This can range from Rs. 100,000 to Rs. 1,500,000
r = Rate of interest per month. Current rate is 11.49%
n = tenure in month. For Standard Chartered Bank, this can be 60 months

Personal loan EMI calculator Standard Chartered - How it works?

  • This calculator calculates EMI considering a combination of loan amount, interest rate and loan tenure.
  • This calculator considers “reducing balance basis” and assumes that payment of EMI is made in arrears (means interest is charged for the month preceding the EMI payment date) and not in advance.

Personal Loan EMI - EMI Changes in case of prepayment

    In case you prepay your personal loan, the outstanding balance on your personal loan reduces. Standard Chartered gives you two options:
  • Reduce your loan tenure and keep your personal EMI same
  • Reduce the amount of EMI and keep your loan tenure same
  • It is better to keep the EMI constant and reduce the loan tenure as you pay less interest to the Standard Chartered in this option.

Frequently Asked Questions on Standard Chartered EMI Calculator

What is the lowest EMI per lakh offered by Standard Chartered Bank on personal loan?

Standard Chartered Bank offers personal loan at 11.49% interest rate and hence lowest EMI on per lakh loan amount is Rs. 2,199.

Can I prepay my Standard Chartered Bank personal loan?

Standard Chartered Bank offers you an option of prepayment after 12 months at prepayment charges may apply.

Is there any processing charge on personal loan from Standard Chartered Bank?

Personal Loan from Standard Chartered Bank charges a processing fee of 0.50% to 1.00%.

Standard Chartered Bank Personal Loan EMI Calculator Customer Care Number, Email, Application Login, Branches

City Customer Care Number
Agra 0522-6601444/ 0522-3940444, [at] sc [dot] com
Ahmedabad 079-66014444/ 079-39404444, [at] sc [dot] com
Ambala 0183-6601444/ 0183-3940444, [at] sc [dot] com
Anand 079-66014444/ 079-39404444, [at] sc [dot] com
Aurangabad 0712-6601444/ 0712-3940444, [at] sc [dot] com
Bangalore 080-66014444/ 080-39404444, [at] sc [dot] com
Bhilai 1800-345-1000, [at] sc [dot] com
Bhilwara 0141-6601444/ 0141-3940444, [at] sc [dot] com
Bhiwadi 0712-6601444/ 0712-3940444, [at] sc [dot] com
Bhopal 0755-6601444/ 0755-3940444, [at] sc [dot] com
Bhubaneswar Cuttack 0674-6601444/ 0674-3940444, [at] sc [dot] com
Bikaner 0141-6601444/ 0141-3940444, [at] sc [dot] com
Chandigarh 0172-6601444/ 0172-3940444, [at] sc [dot] com
Chennai 044-66014444/ 044-39404444, [at] sc [dot] com
Cochin 0484-6601444/ 0484-3940444, [at] sc [dot] com
Coimbatore 0422-6601444/ 0422-3940444, [at] sc [dot] com
Dehradun 1800-345-1000, [at] sc [dot] com
Delhi 011-66014444/ 011-39404444, [at] sc [dot] com
Durg 1800-345-1000, [at] sc [dot] com
Faridabad 0183-6601444/ 0183-3940444, [at] sc [dot] com
Gandhinagar 079-66014444/ 079-39404444, [at] sc [dot] com
Ghaziabad 0522-6601444/ 0522-3940444, [at] sc [dot] com
Goa 1800-345-1000, [at] sc [dot] com
Greater Noida 011-39404444/ 011-66014444, [at] sc [dot] com
Gurgaon 011-39404444/ 011-66014444, [at] sc [dot] com
Guwahati 1800-345-1000, [at] sc [dot] com
Gwalior 0755-6601444/ 0755-3940444, [at] sc [dot] com
Hyderabad 040-66014444/ 040-39404444, [at] sc [dot] com
Indore 0731-6601444/ 0731-3940444, [at] sc [dot] com
Jabalpur 0755-6601444/ 0755-3940444, [at] sc [dot] com
Jaipur 0141-6601444/ 0141-3940444, [at] sc [dot] com
Jalandhar 0181-6601444/ 0181-3940444, [at] sc [dot] com
Jodhpur 0141-6601444/ 0141-3940444, [at] sc [dot] com
Kanpur 0512-6601444/ 0512-3940444, [at] sc [dot] com
Karnal 0183-6601444/ 0183-3940444, [at] sc [dot] com
Kolhapur 0712-6601444/ 0712-3940444, [at] sc [dot] com
Kolkata 033-66014444/ 033-39404444, [at] sc [dot] com
Kota 0141-6601444/ 0141-3940444, [at] sc [dot] com
Kozhikode 1800-345-1000, [at] sc [dot] com
Lucknow 0522-6601444/ 0522-3940444, [at] sc [dot] com
Ludhiana 0161-6601444/ 0161-3940444, [at] sc [dot] com
Madurai 044-66014444/ 044-39404444, [at] sc [dot] com
Meerut 0522-6601444/ 0522-3940444, [at] sc [dot] com
Mehsana 079-66014444/ 079-39404444, [at] sc [dot] com
Mohali Sas Nagar 0172-6601444/ 0172-3940444, [at] sc [dot] com
Mumbai 022-66014444/ 022-39404444, [at] sc [dot] com
Mussoorie 1800-345-1000, [at] sc [dot] com
Nagpur 0712-6601444/ 0712-3940444, [at] sc [dot] com
Nashik 0712-6601444/ 0712-3940444, [at] sc [dot] com
Noida 011-39404444/ 011-66014444, [at] sc [dot] com
Noida Extn. 011-39404444/ 011-66014444, [at] sc [dot] com
Panipat 0183-6601444/ 0183-3940444, [at] sc [dot] com
Patna 0612-6601444/ 0612-3940444, [at] sc [dot] com
Pondicherry 1800-345-1000, [at] sc [dot] com
Pune 020-66014444/ 020-39404444, [at] sc [dot] com
Raipur 1800-345-1000, [at] sc [dot] com
Rajkot 0281-6601444/ 0281-3940444, [at] sc [dot] com
Ranchi 1800-345-1000, [at] sc [dot] com
Rohtak 0183-6601444/ 0183-3940444, [at] sc [dot] com
Roorkee 1800-345-1000, [at] sc [dot] com
Salem 044-66014444/ 044-39404444, [at] sc [dot] com
Shimla 1800-345-1000, [at] sc [dot] com
Sonepat 0183-6601444/ 0183-3940444, [at] sc [dot] com
Surat 0261-6601444/ 0261-3940444, [at] sc [dot] com
Trichy 044-66014444/ 044-39404444, [at] sc [dot] com
Udaipur 0141-6601444/ 0141-3940444, [at] sc [dot] com
Vadodara 0265-6601444/ 0265-3940444, [at] sc [dot] com
Varanasi 0522-6601444/ 0522-3940444, [at] sc [dot] com
Vijaywada 1800-345-1000, [at] sc [dot] com
Vizag 1800-345-1000, [at] sc [dot] com
Standard Chartered Personal Loan EMI Calculator News - Mar 2017
29th Mar 17 ICICI Bank ties up with Truecaller for making UPI payments
ICICI Bank has tied up with the Swedish communication company Truecaller to launch a new UPI (Unified Payment Interface) based payment service that will operate via truecaller app. Truecaller will allow its 150 million customers to transfer money using UPI application of the bank. Customers can make payments though the app by creating UPI ID instantly and transfer money to the mobile number registered with BHIM app.
29th Mar 17 SBI to raise stake in SBI card by the end of June
SBI is expected to raise its stake in its credit card joint ventures from the existing 74 percent by the end of first quarter of FY18. Under the process, SBI will infuse Rs. 1,160 crore in the two joint ventures. Earlier this month, SBI got an approval from its board to raise stake to 74 percent in two of its credit card joint ventures with Generic Electric Company.
29th Mar 17 SBI to offer zero annual fee credit cards to account holders
State Bank of India has decided to offer credit card with zero annual charges to all its account holders with to the balance of Rs. 20,000. The card will offer carry nil annual fees for four yearsand is targeted at expanding the base of its credit card users under its digital payments initiative SBI Unnati.
28th Mar 17 SBI signs agreement with Odisha government on banking services
State Bank of India has signed an agreement with Odisha government to provide banking services through SHGs (Special Help Groups) in the unbanked areas of the state. The bank will offer wide range of banking services to customers including deposits, withdrawals , personal loans, home loans and loan against property. With this, Odisha has become the first state to offer banking services in unbanked areas through SHGs under its mission Odisha Livelihood Mission (OLM).
28th Mar 17 Indian Bank to focus on retail sector for growth
Indian Bank has launched its new branch in Kovaipudur, taking its branch tally in Coimbatore to 88. The bank has decided to increase its focus on retail business. As per available data, total retail loan portfolio of the bank in Coimbatore, Tirupur and Nilgiris stands at Rs. 3,000 crore.
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