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Standard Chartered Bank Personal Loan EMI Calculator, Jan 2022

Last Updated 10th Jan 2022

  • Personal loan EMI in Standard Chartered Bank depends upon loan amount, loan tenure, interest rate, monthly salary and company that you work for.
  • Standard Chartered Bank Personal Loan EMI Calculator is an online tool to estimate monthly EMI and its division into principal and Interest during the entire loan tenure.
  • Lowest monthly EMI is ₹ 2,199 per lakh on Standard Chartered Bank personal loan as calculated using the lowest interest rate of 11.50% for the longest tenure of 60 months.
  • For example, the table below gives the EMIs on Standard Chartered Personal Loan at different loan amounts and loan tenure, if taken at the lowest rate.
Loan Amount1 Year Loan3 Year loan5 Year loan
₹ 1 Lakh₹ 8,862₹ 3,298₹ 2,199
₹ 5 Lakh₹ 44,308₹ 16,488₹ 10,996
₹ 10 Lakh₹ 88,615₹ 32,976₹ 21,993

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Personal Loan EMI Calculator Standard Chartered

Standard Chartered Bank Personal Loan EMI is a fixed amount of money paid by you to Standard Chartered Bank based on your loan amount, tenure and interest rate. Every month, it is due on a fixed day of the month till the loan is fully paid back. You can calculate your Standard Chartered Bank personal loan EMI in advance, to plan your loan payments and further expenses, using the Personal Loan EMI Calculator Standard Chartered. The calculator functions on a mathematical algorithm and gives accurate results in no time.

Why should you use Standard Chartered Bank Personal Loan EMI Calculator?

  • Calculate the EMI within your budget: Helps you compare the EMIs with a different loan amount and tenure. Always talk to the bank to know the interest rate you will be eligible for Standard Chartered Bank personal loan which can range between 11.50% to 18.00%.
  • Compare Standard Chartered Bank personal Loan EMI: Helps you compare the estimated EMI on a personal loan from Standard Chartered Bank with that of leading banks in India using the same loan amount of upto ₹ 50 Lakh for a maximum tenure of 60 months, but at different interest rates.
  • Calculate interest on Standard Chartered Bank personal loan: You can calculate the split of total EMIs into interest and principal repayment on your loan from Standard Chartered over the loan tenure.
  • Detailed amortisation schedule: This allows you to see the pace at which your principal amount will be repaid during the loan tenure month on month. This is helpful if you decide to prepay your loan at Standard Chartered or balance transfer to another bank.

Standard Chartered Bank Personal Loan EMI Calculator to Estimate the EMI that Fits your Budget

Input different loan amounts and tenure at the eligible interest rate on Standard Chartered Bank Personal Loan EMI calculator to calculate various EMIs at different rates and tenure. The table captures the calculation of Standard Chartered Bank Personal Loan EMI Calculation at the various combinations of loan amount and years when taking at the lowest rate of 11.50%. So if you think that you can afford to pay an EMI of ₹ 10,000 in your budget, taking a ₹ 3 Lakh loan for 3 years or ₹ 5 Lakh loan for 5 years, maybe the right Standard Chartered Bank personal loan plan for you.Personal Loan EMI is calculated for Standard Chartered for different loan amounts and tenures at the rate of 11.50%.

Loan Amount (Rs.)2 Years3 Years5 Years
1 Lakh ₹ 4,684 ₹ 3,298 ₹ 2,199
3 Lakh ₹ 14,052 ₹ 9,893 ₹ 6,598
5 Lakh ₹ 23,420 ₹ 16,488 ₹ 10,996
10 Lakh ₹ 46,840 ₹ 32,976 ₹ 21,993

Factors Affecting Standard Chartered Bank Personal Loan EMI

  • Loan amount – You will pay a higher EMI for the higher loan amount. Standard Chartered Bank gives a minimum loan of ₹ 1 Lakh and a maximum loan amount of ₹ 50 Lakh.
  • Interest rate - Higher interest rate increases your loan EMI as well as the total cost of the loan. Standard Chartered Bank personal loan interest rate for salary account holders can be lower than their quote rates, which can reduce the overall cost of loan and EMI. Lowest interest rate offered by Standard Chartered Bank is 11.50%. However, it is advisable to do complete market research and compare rates online before you apply for a loan.
  • Loan tenure – This is the period over which you can repay your loan in Standard Chartered Bank. So, your EMI will be lower if you take a 60months loan from Standard Chartered Bank as compared to a loan taken for 12months. The logic being that if you get a longer period to repay, you can repay in a smaller instalment.

Comparison of Standard Chartered Bank Personal Loan EMI with other Banks

Bank Name Interest Rate Loan Amount of ₹ 1 Lakh Loan Amount of ₹ 5 Lakh Loan Amount of ₹ 10 Lakh
Standard Chartered Bank11.50% ₹ 8,862 ₹ 44,308 ₹ 88,615
Fullerton India 11.99% ₹ 8,884 ₹ 44,422 ₹ 88,844
IDBI Bank 12.00% ₹ 8,885 ₹ 44,424 ₹ 88,849
Canara Bank 12.40% ₹ 8,904 ₹ 44,518 ₹ 89,036
Syndicate Bank 12.40% ₹ 8,904 ₹ 44,518 ₹ 89,036

Standard Chartered Bank Personal Loan Amortization Calculator

Standard Chartered Bank Personal Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. Standard Chartered Bank gives you a detailed amortisation schedule with the sanction letter and you can calculate the total interest outgo as well as the pace at which your loan amount will be repaid during the loan tenure.

How to read an amortization schedule

Suppose if you take a Personal Loan of ₹ 4 Lakh for 2 years from Standard Chartered Bank at an interest rate of 11.50%. EMI calculated for this loan amount is ₹ 18,736 and the total annual EMIs to be paid annually is ₹ 2,24,834. The EMI schedule of loan for 2 years is explained below in the table –

Amortization Schedule for a Personal Loan of ₹ 4 Lakh over the 2 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2022 ₹ 36,266 ₹ 1,88,567 ₹ 2,24,834 ₹ 2,11,433
2023 ₹ 13,401 ₹ 2,11,433 ₹ 2,24,834 -₹ 0

In the above illustration, on a Standard Chartered Bank Personal Loan of₹ 4 Lakh, taken at the lowest interest rate of 11.50, EMI paid is ₹ 18,736 and an annual total of EMIs is ₹ 2,24,834, the interest component is ₹ 36,266 while the principal component is ₹ 1,88,567 in year 1 of loan disbursement. You repay only 47.14% of the total principal after paying 12 EMIs during the first year.

Standard Chartered Bank Personal Loan Interest Calculator Formula

Standard Chartered Bank calculates personal loan EMI based on the following 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 the above formula,

P = Loan amount.Standard Chartered Bank personal loan amount can range from ₹ 1 Lakh to ₹ 50 Lakh.

r = Rate of interest per month. The current Standard Chartered Bank Personal Loan rate is 11.50%.
n = Tenure in month. This can range up to 60months in case of Standard Chartered Bank.

How to use Standard Chartered Bank Personal Loan EMI Calculator

  • Standard Chartered Bank personal loan calculator are online tool which give out EMI calculations using a combination of loan amount, interest rate and loan tenure.
  • Standard Chartered Bank EMI calculator considers “reducing balance basis” and assumes that payment of EMI is made in arrears meaning interest is charged for the month preceding the EMI payment date and not in advance.

Standard Chartered Bank Personal Loan EMI for ₹ 1 Lakh

The following table shows Standard Chartered Bank Personal Loan EMI for ₹ 1,00,000 for different tenures at an interest rate of 11.50%

Loan AmountInterest RateTenure(Year)EMI
₹ 1,00,00011.50% 1₹ 8,862
₹ 1,00,00011.50% 2₹ 4,684
₹ 1,00,00011.50% 3₹ 3,298
₹ 1,00,00011.50% 4₹ 2,609
₹ 1,00,00011.50% 5₹ 2,199

Standard Chartered Bank Personal Loan EMI for ₹ 3 Lakh

The following table shows Standard Chartered Bank Personal Loan EMI for ₹ 3,00,000 for different tenures at an interest rate of 11.50%.

Loan AmountInterest RateTenure(Year)EMI
₹ 3,00,00011.50% 1₹ 26,585
₹ 3,00,00011.50% 2₹ 14,052
₹ 3,00,00011.50% 3₹ 9,893
₹ 3,00,00011.50% 4₹ 7,827
₹ 3,00,00011.50% 5₹ 6,598

Standard Chartered Bank Personal Loan EMI for ₹ 5 Lakh

The following table shows Standard Chartered Bank Personal Loan EMI for ₹ 5,00,000 for different tenures at an interest rate of 11.50%.

Loan AmountInterest RateTenure(Year)EMI
₹ 5,00,00011.50% 1₹ 44,308
₹ 5,00,00011.50% 2₹ 23,420
₹ 5,00,00011.50% 3₹ 16,488
₹ 5,00,00011.50% 4₹ 13,044
₹ 5,00,00011.50% 5₹ 10,996

Standard Chartered Bank Personal Loan EMI for ₹ 10 Lakh

The following table shows Standard Chartered Bank Personal Loan EMI for ₹ 10,00,000 for different tenures at an interest rate of 11.50%.

Loan AmountInterest RateTenure(Year)EMI
₹ 10,00,00011.50% 1₹ 88,615
₹ 10,00,00011.50% 2₹ 46,840
₹ 10,00,00011.50% 3₹ 32,976
₹ 10,00,00011.50% 4₹ 26,089
₹ 10,00,00011.50% 5₹ 21,993

How to Pay Standard Chartered Bank Personal Loan EMI?

There are various online & offline methods to pay your Standard Chartered Bank Personal Loan EMI. To repay your Standard Chartered Bank EMI online, you can log in to your net banking account or else you can also use the mobile banking of Standard Chartered Bank. Standard Chartered Bank also allows you to pay EMI through ECI or standing instructions or a cheque facility by visiting the nearest Standard Chartered Bank branch.

FAQs

Why should I calculate Standard Chartered loan EMI before taking a loan?

It is advised to calculate personal loan EMI in advance before taking a personal loan. There are several benefits of calculating your Standard Chartered Bank personal loan EMI. For instance, if you want to avail Standard Chartered Bank personal loan at the lowest rate of 11.50% and your monthly EMI, which comes out at ₹ 2,199 is more than your monthly budget. You have the chance to apply for a lower loan amount that fits your monthly budget and makes EMI easily affordable. In addition, if you already know the EMI you have to pay each month, you can plan your expenses accordingly. Finally, based on the EMI amount, you can opt to make a prepayment of your loan in the future when you have a surplus amount.

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

Standard Chartered Bank offers a personal loan at a 11.50% interest rate for a maximum of 60 months, and hence lowest EMI per lakh loan amount is ₹ 2,199. However, Standard Chartered Bank may offer a lower interest rate to you if you hold your salary account with the bank or if you are an existing customer.

How can I pre-close Standard Chartered Bank personal loan?

You can pre-close your Standard Chartered Bank personal loan by visiting the branch with the required set of documents. Submit the form of preclosure, pay the amount and take the acknowledgement of the balance amount that you have paid.

What are the prepayment charges on Standard Chartered Bank ?

Standard Chartered Bank offers you an option of prepayment after 1 months at 5% charges before 12 months, 4% charges after 12 months.You have to pay these charges if you decide to pay the loan amount before the due date.

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

Yes, Standard Chartered Bank charges a certain amount of processing fee to process your loan application. Currently, Standard Chartered Bank charges a processing fee of 1.00% on a Personal Loan.

Will I get a personal loan from Standard Chartered Bank if I have a bad credit score?

No, for taking a loan from Standard Chartered Bank, you must have a good credit score of 700 and above. Usually, most banks avoid giving loans if you have a low credit score.Also, availing a personal loan at low cibil score might fetch you a high Standard Chartered Bank personal loan rate.

What is the EMI for a₹ 20 Lakh personal loan in Standard Chartered Bank Bank?

At the current rate of 11.50%, EMI on Standard Chartered Bank personal loan for loan amount ₹ 20 Lakh varies based on the loan tenure. For instance, for 2 year, 3 year and 6 years, EMI is ₹ 1,96,405, ₹ 2,08,205 and ₹ 2,45,731 respectively.

Can I have a co-applicant while applying for a Personal loan with Standard Chartered Bank ?

Yes, you can opt for a co-applicant to take a personal loan from Standard Chartered Bank that will increase your loan eligiblity as the income of the co-applicant is also taken into account.

Can we pay more than EMI in Standard Chartered Bank personal loan?

If you have funds, then you can pay more than the regular EMI on your Standard Chartered Bank Personal Loan. This will reduce your interest burden along with the outstanding principal. You can also pay one additional EMI every year to reduce loan tenure and in turn interest amount.

How can I pay my Standard Chartered Bank loan EMI?

You can pay the Standard Chartered Bank personal Loan EMI by using the ECS facility or standing instruction. You can also visit the branch and submit the EMI cheque or can opt for automated deductions from your salary account.

Compare Personal Loan EMI of All Banks

Standard Chartered Bank Personal Loan Customer Care Number, Email, Application Status, Branches
City Customer Care Number
Agra 0522-6601444/ 0522-3940444
Ahmedabad 079-66014444/ 079-39404444
Ambala 0183-6601444/ 0183-3940444
Anand 079-66014444/ 079-39404444
Aurangabad Bihar 0712-6601444/ 0712-3940444
Bangalore 080-66014444/ 080-39404444
Bhilai 1800-345-1000
Bhilwara 0141-6601444/ 0141-3940444
Bhiwadi 0712-6601444/ 0712-3940444
Bhopal 0755-6601444/ 0755-3940444
Bhubaneswar Cuttack 0674-6601444/ 0674-3940444
Bikaner 0141-6601444/ 0141-3940444
Chandigarh 0172-6601444/ 0172-3940444
Chennai 044-66014444/ 044-39404444
Cochin 0484-6601444/ 0484-3940444
Coimbatore 0422-6601444/ 0422-3940444
Dehradun 1800-345-1000
Delhi 011-66014444/ 011-39404444
Durg 1800-345-1000
Faridabad 0183-6601444/ 0183-3940444
Gandhinagar 079-66014444/ 079-39404444
Ghaziabad 0522-6601444/ 0522-3940444
Goa 1800-345-1000
Greater Noida 011-39404444/ 011-66014444
Gurgaon 011-39404444/ 011-66014444
Guwahati 1800-345-1000
Gwalior 0755-6601444/ 0755-3940444
Hyderabad 040-66014444/ 040-39404444
Indore 0731-6601444/ 0731-3940444
Jabalpur 0755-6601444/ 0755-3940444
Jaipur 0141-6601444/ 0141-3940444
Jalandhar 0181-6601444/ 0181-3940444
Jodhpur 0141-6601444/ 0141-3940444
Kanpur 0512-6601444/ 0512-3940444
Karnal 0183-6601444/ 0183-3940444
Kolhapur 0712-6601444/ 0712-3940444
Kolkata 033-66014444/ 033-39404444
Kota 0141-6601444/ 0141-3940444
Kozhikode 1800-345-1000
Lucknow 0522-6601444/ 0522-3940444
Ludhiana 0161-6601444/ 0161-3940444
Madurai 044-66014444/ 044-39404444
Meerut 0522-6601444/ 0522-3940444
Mehsana 079-66014444/ 079-39404444
Mohali Sas Nagar 0172-6601444/ 0172-3940444
Mumbai 022-66014444/ 022-39404444
Mussoorie 1800-345-1000
Nagpur 0712-6601444/ 0712-3940444
Nashik 0712-6601444/ 0712-3940444
Noida 011-39404444/ 011-66014444
Noida Extn 011-39404444/ 011-66014444
Panipat 0183-6601444/ 0183-3940444
Patna 0612-6601444/ 0612-3940444
Pondicherry 1800-345-1000
Pune 020-66014444/ 020-39404444
Raipur 1800-345-1000
Rajkot 0281-6601444/ 0281-3940444
Ranchi 1800-345-1000
Rohtak 0183-6601444/ 0183-3940444
Roorkee 1800-345-1000
Salem 044-66014444/ 044-39404444
Shimla 1800-345-1000
Sonipat 0183-6601444/ 0183-3940444
Surat 0261-6601444/ 0261-3940444
Trichy 044-66014444/ 044-39404444
Udaipur 0141-6601444/ 0141-3940444
Vadodara 0265-6601444/ 0265-3940444
Varanasi 0522-6601444/ 0522-3940444
Vijaywada 1800-345-1000
Vizag 1800-345-1000

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Standard Chartered Bank Personal Loan Reviews 4.5/5  by 23 customers
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Niraj, Hyderabad
Reviewed on 12th Jan 2022
5 / 5 stars
Standard Chartered Bank Personal Loan Availed in Jan 2022

Vinith is very knowledgeable. He understands requirements and gives nice options. He was very helpfuRead more...

Ram, Bangalore
Reviewed on 27th Sep 2021
5 / 5 stars
Standard Chartered Bank Personal Loan Availed in Sep 2021

Good services give loan on time and low rate of interest Read more...

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Reviewed on 19th Aug 2021
5 / 5 stars
Standard Chartered Bank Personal Loan Availed in Aug 2021

MyLoanCare is giving the best service. Very helpful. Read more...

Durga, Hyderabad
Reviewed on 05th Jun 2021
5 / 5 stars
Standard Chartered Bank Personal Loan Availed in Jun 2021

Good experience with MyLoanCare. Vineeth helped me to choose better lender who offers good rate of iRead more...

Anup, Pune
Reviewed on 29th May 2021
5 / 5 stars
Standard Chartered Bank Personal Loan Availed in May 2021

Thank you so much, nice service. And very quick response from team members.Read more...

Ramcharan, Bangalore
Reviewed on 19th Mar 2021
5 / 5 stars
Standard Chartered Bank Personal Loan Availed in Mar 2021

Excellent. Very well guided especially by Shubham Singh.Read more...

Ankit, Wardha
Reviewed on 29th Jan 2021
5 / 5 stars
Standard Chartered Bank Personal Loan Availed in Jan 2021

Very good response from the representatives and quick process to get the work done. Read more...

Nitesh, Delhi
Reviewed on 19th Nov 2020
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Standard Chartered Bank Personal Loan Availed in Nov 2020

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Standard Chartered Personal Loan News - Jan 2022
  • 2021-08-09 : Standard Chartered sees a jump of 57% in profit in H1
    Standard Chartered posted a higher profit jump by 57% jump in first-half pretax profit. The lender has announced a $250 million share buyback, also they will resume dividend payments by unveiling a 3 cents per share interim payout.
  • 2021-04-07 : IIFL Home Finance signs co-lending agreement with Standard Chartered Bank
    IIFL Home Finance and Standard Chartered Bank have entered into a co-lending arrangement for extending credit. Under this agreement, IIFL Home Finance and the Standard Chartered Bank will co-originate these loans and the IIFL Home Finance will service the customers through the entire loan life-cycle including sourcing, documentation, collection and loan servicing.
  • 2021-02-22 : Standard Chartered digital initiatives bolstered bank loan and deposits portfolio
    Digital initiatives like Video KYC and Virtual credit card aided Standard Chartered Bank to increase its loan and deposits portfolio. The digital initiatives have helped Bank in providing efficient and seamless banking services to all its clients especially the new-age ones.
  • 2019-03-15 : Standard Chartered Bank to launch digital SME platform in 2019
    Standard Chartered Bank has announced that it will launch an open platform for Small and Medium Enterprises (SMEs) in India. The goal is to help SMEs grow by providing access to a range of financial and business solutions. The platform will offer solutions to business including business loans, supply chain financing and logistics. The platform will be available to clients in India in the second half of 2019. In addition to this, the bank is also planning to achieve a significant boost across its personal loans segment.
  • 2018-12-04 : Standard Chartered Bank plans to boost its personal loans portfolio to 40%
    In a bid to cope up with the stress in the corporate segment, Standard Chartered Bank is planning to achieve a significant growth of 40 percent in personal loans segment from 29 percent earlier. In addition to this, the bank will also stress upon other loan portfolios and products including mortgage loans, personal loans, credit cards as well as SME loans.
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