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Compare Personal Loan - Standard Chartered Bank vs Fullerton India

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Bank
Parameters
Interest Rate
Interest Rate
11.50% - 18.00%
11.99% - 18.99%
Processing Fees
Processing Fees
1.00%
2%
Loan Amount
Loan Amount
₹ 1 Lakh to ₹ 50 Lakh
₹ 50,000 to ₹ 25 Lakh
Loan Tenure
Loan Tenure
12 to 60 Months
12 to 48 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,199
₹ 2,633
Part Payment Charges
Part Payment Charges
Allowed after 12 months at 2%
Not Allowed
Foreclosure Charges
Foreclosure Charges
Allowed after 1 month at 5% charges before 12 months, 4% charges after 12 months
Allowed after 6 months at 1 -17 months: 7%, 18 - 23 months: 5%, 24 - 35 months: 3%, After 36 months: Nil
Eligible Age
Eligible Age
23 to 58 Years
21 to 58 Years
Minimum Income
Minimum Income
₹ 25,000
₹ 17,000
Current Work Experience
Current Work Experience
3 Months
1 Month
Total Work Experience
Total Work Experience
36 Months
12 Months
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.4/5.0
4.1/5.0
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Compare EMI of Standard Chartered Bank and Fullerton India Personal Loan

Loan Amount Standard Chartered Bank Fullerton India
₹ 1 Lakh ₹ 2,199 ₹ 2,633
₹ 5 Lakh ₹ 10,996 ₹ 13,164
₹ 10 Lakh ₹ 21,993 ₹ 26,329
₹ 12 Lakh ₹ 26,391 ₹ 31,595

Which is a better bank for Personal Loan – Standard Chartered Bank or Fullerton India?

Standard Chartered Bank offers lower Personal Loan EMI at 2199 on a Personal Loan for 60 Months as compared to Fullerton India with a minimum EMI of 2633 for 48 Months. Average customer ratings for Standard Chartered Bank is currently at 4.4/5.0 which makes it a good choice for taking a Personal Loan.

How does Standard Chartered Bank Personal Loan compare with Fullerton India Personal Loan?

It is important to do a detailed comparison of Standard Chartered Bank and Personal Loan on all loan terms and conditions to understand their differences and take an informed decision. Keep in mind that each bank’s scheme has its own pros and cons that have to be evaluated before choosing the best offer. Some of the key results of the comparison between the two banks are:

  • Lowest Interest rate of Standard Chartered Bank Personal Loan is 11.50%, which is lower than the lowest interest rate of Fullerton India at 11.99%. Hence, Standard Chartered Bank is offering a cheaper loan option.
  • When compared on other Personal Loan charges such as processing fees, Standard Chartered Bank charges a processing fees of 1.00% while Fullerton India charges a processing fees of 2%.
  • Standard Chartered Bank offers Personal Loan upto an amount of ₹ 50 Lakh while Fullerton India offer Personal Loan upto an amount of ₹ 25 Lakh. Standard Chartered Bank can be a better option if you are looking for a high value amount.
  • One feature that makes Personal Loan a better option is foreclosure facility. Standard Chartered Bank gives the option to close the loan after 1 months at 5% charges before 12 months, 4% charges after 12 months and Fullerton India gives the option to close the loan after 6 months at 1 -17 months: 7%, 18 - 23 months: 5%, 24 - 35 months: 3%, After 36 months: Nil. This makes Standard Chartered Bank a better option for Personal Loan.
  • Standard Chartered Bank allows part payment on Personal Loan after 12 months at 2%, while Fullerton India does not offer part payment facility on Personal Loan. This makes Standard Chartered Bank a better option for Personal Loan.
  • Standard Chartered Bank has an average customer ratings of 4.4, while Fullerton India has an average customer rating of 4.1, based on which it is clear that Standard Chartered Bank has a high customer service focus, an easy Personal Loan process and a quick turnaround.

Which bank offers lower interest rate on Personal Loan – Standard Chartered Bank or Fullerton India?

As per the current rates, Standard Chartered Bank offers a lower interest rate of 11.50% on Personal Loan when compared to Fullerton India which offers a Personal Loan at 11.99%.

Know all about Personal Loan

Know more about Standard Chartered Bank Personal Loan

Know more about Fullerton India Personal Loan

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Personal Loan News - Jun 2021
  • 2021-06-14 : IDFC First Bank’s helping hand for the covid-affected families of employees
    To help the families of employees who lost their lives due to covid, IDFC First Bank is offering compensation of upto 4 times of the CTC along with a salary of two years. Along with that, the bank is also wavering the loans of such employees to reduce the burden on the employees’ family.
  • 2021-06-11 : YONO to offer fast-tracked two-wheeler loans and express credit
    The State Bank of India YONO app is going to offer fast track two-wheeler loans and express credit, a high-value personal loan. SBI is planning to expand the YONO product basket. YONO will be offering two-wheeler loans along with personal loans of small ticket size, between Rs 5-10 lakhs.
  • 2021-06-11 : MyLoanCare collaborates with three of the top app-based lenders
    MyLoanCare Ventures Pvt Ltd has collaborated with three of the top app-based lenders - MoneyTap, EarlySalary, and Paysense to make Instant Small Ticket Personal Loans convenient, transparent and much quicker.
  • 2021-06-11 : MyLoanCare collaborates with three of the top app-based lenders
    MyLoanCare Ventures Pvt Ltd has collaborated with three of the top app-based lenders - MoneyTap, EarlySalary, and Paysense to make Instant Small Ticket Personal Loans convenient, transparent and much quicker.
  • 2021-06-10 : Rural Loan Collections to be affected by the Second wave
    As the borrowers are continuously facing the issues created by the pandemic, India Ratings - a rating agency reported that the collections of Rural Loan which includes Home Loan, Loan Against Property, Business Loan, Personal Loan, etc. will be vastly affected because of the second wave of Covid-19.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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