Standard Chartered Personal Loan Interest Rate Calculator - Dec 2016

Standard Chartered Bank Personal Loan Interest Rates

Last Updated 18th Nov 2016
Interest Rate 11.49% - 20.00%
Lowest EMI Rs. 2,199 per lakh
Loan Tenure From 12 months to 60 months
Loan Amount Min Rs. 100,000 and Max Rs. 1,500,000
Processing Fee 0.50% to 1.00%
Age Min 23 years and Max 58 years
Prepayment Charges Not allowed
Foreclosure Charges Allowed after 12 EMI's, prepayment charges may apply
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 Salaried   Self Employed - Professional   Self Employed - Business 

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Standard Chartered Bank Personal Loan

Standard Chartered Bank gives the facility of personal loan to the people who want money to achieve their urgent requirements. There are some features and benefits of taking personal loan from Standard Chartered Bank:
  • High amount of loan
  • Fast track loan processing
  • Superior service
    • Standard Chartered Bank has been rated 3.8/5.0 by customers for its service quality on MyLoanCare
    • Standard Chartered Bank has over 100 branches in India where you can avail service
    • Standard Chartered Bank offers special schemes and discounts for employees of large companies.
    Standard Chartered Bank Personal Loan Interest Rate depends upon
    • Loan amount: Personal loan rate in Standard Chartered Bank depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
    • Company where you work: Standard Chartered Bank has a list of companies to which they lend personal loan. Interest rate will be less if your company is listed
    • Your Salary: Income helps you in determining your rate of interest. Standard Chartered Bank interest rate varies with your monthly income. Higher the income, less will the rate of interest

    Personal Loan Standard Chartered Bank Charges

    Foreclosure Charges- These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. Standard Chartered Bank allows prepayment of personal loan after paying 12 EMI’s with 1 prepayment charges
    Processing Fee- Standard Chartered Bank asks for a processing fee of 0.50% to 1.00% of loan amount with applicable service tax

    Standard Chartered Personal Loan EMI Calculator

    Personal Loan EMI of Standard Chartered Bank is a fixed amount that you pay each month towards the repayment of your personal loan till the end of tenure. Lowest EMI offered by Standard Chartered Bank is Rs. 2,199 per lakh loan amount. Personal Loan EMI of Standard Chartered Bank depends on factors like:
    • Rate of interest is an important factor which affects your EMI. Higher the interest rate, higher will be the EMI
    • Loan tenure matters equally as longer tenure reduces your monthly EMI per lakh
    • Your EMI depends upon the amount of loan you are going to borrow. Loan EMI will be high if you apply for a high loan amount
    What are the benefits of calculating Personal Loan EMI?
    • Personal Loan EMI calculator of Standard Chartered Bank helps you to calculate your monthly EMI at different rate of interest
    • Standard Chartered Bank EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
    • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly
    Estimated EMI online by using EMI Calculator.

    Standard Chartered Personal Loan Eligibility Calculator

    Personal Loan eligibility criteria Standard Chartered Bank
    Eligibility of personal loan in Standard Chartered Bank relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are
    • Age: Age plays an important role to know your eligibility and repayment capacity. Citibank offers personal loan to salaried individuals who are atleast 23 years old at the time of loan approval and maximum 58 years at the time of loan maturity.
    • Income: Standard Chartered Bank Loan eligibility significantly depends upon your income. Usually bank set minimum levels of income to apply for personal loan. Standard Chartered Bank asks for net monthly income of minimum Rs. 50,000.
    • Job stability and Profession: Job stability is important to improve your status and eligibility for personal loan from Standard Chartered Bank. In case you are salaried, you must be in a full time job for at least 36 months of which not less 3 months must be with your current company. In case you are self-employed, you must be in current profession or business for at least 0 years and should preferably own either your office or your place of residence. Minimum turnover and minimum net income criteria may apply. Other than job stability, profession is also an important factor which can affect your Standard Chartered Bank eligibility. If you are working with a reputed company, probability of getting personal loan from Standard Chartered Bank increases as the income is considered to be more stable
    • CIBIL Score: Your past CIBIL history and repayment record of existing loans and credit cards has direct impact on your personal loan eligibility. If you have a poor repayment record, then you may not get the loan but on the other side, a regular repayment record increases your personal loan eligibility.
    • Loan Amount: Standard Chartered Bank gives you personal loan depending upon your income. Standard Chartered Bank gives you an amount ranging from Rs. 100,000 to Rs. 1,500,000. To improve chances of approval, apply for a loan amount that you can comfortably service.
    Estimated eligibility online by using Eligibility Calculator.
    Popular Products:
    • Loan for Personal Expenses
    • Personal Loan for Salaried
    • Personal Loan for Self Employed
    Maximum Annual Percentage Rate (APR) 11.89% to 20.4%
    Representative example of the total cost of the loan, including all applicable fees
    Here is an illustration of the total cost of the loan:
    • Total amount borrowed: Rs. 100,000
    • Time period: 12 months to 60 months
    • Standard Chartered Bank Personal Loan Interest Rate: 11.49% to 20.00%
    • Processing Fee payable to Standard Chartered Bank: Upto Rs. 2,000. Current offer for processing fee is 0.50% to 1.00%
    • Fee payable to MyLoanCare: NIL
    • Total Monthly Cost – From Rs. 2,199 for a 60 months Rs. 100,000 loan at 11.49% (lowest rate, longest time period) to Rs. 9,263 for a 12 months Rs. 100,000 loan at 20.00% (highest rate, shortest time period). This is inclusive of principal repayment.
    • Annual Percentage Rate (APR) of charge including all applicable fees: 11.89% to 20.4%
    • Total cost payable over loan tenure: Rs. 13,161 for 12 months loan to Rs. 33,926 for 60 months loan
    Standard Chartered Bank’s terms and conditions as per loan agreement applicable. Short term loans/ pay day loans not available; minimum loan tenure - 12 months. Rate of interest depends upon company categorization, income, job stability, loan amount, CIBIL score, credit profile, existing obligations, verification and other factors. Credit at sole discretion of Standard Chartered Bank.

    Standard Chartered Bank Personal Loan Top up, Transfer

    Transfer of personal loan from another bank to Standard Chartered Bank?
    Standard Chartered Bank offers personal loan balance transfer from another bank. This is subject to your meeting other eligibility criteria of Standard Chartered Bank
    You can avail additional top-up personal loan from Standard Chartered Bank, subject to your eligibility

    Personal Loan Standard Chartered documents required

    Personal loan for Salaried employee Standard Chartered Bank documents required

    • Filled up loan application form
    • 1 Passport Size Photo
    • Copy of Income Tax PAN
    • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
    • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
    • Income Documents – 3 months payslip, 1 years Form 16, 3 months bank statement showing salary credit and any EMI debit

    Compare Standard Chartered Personal Loan

    Standard Chartered Personal Loan in India

    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 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,
    Sonepat 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,
Standard Chartered Personal Loan News - Dec 2016
04th Aug 16 Standard Chartered India loss narrows to 25 million dollar in H1
Standard Chartered Bank narrowed its losses in India to 25 million dollar in the first six months of 2016. The bank earned 25 million dollar loss in the first half of this year which is lower than the 276 million dollar loss it reported in the corresponding period last year. Globally, however, the bank earned a 1 billion dollar profit with 13% drop in operating cost in the first half of the current year.
06th Jun 16 Standard Chartered to hire people to build up retail lending segment
Standard Chartered Bank plans to step up recruitment in India in the next few quarters as part of efforts to build up the lucrative but competitive retail lending segment to return to growth. The new staff will be mostly from rivals with experience in front end operations to help build relationships quickly, launch new products and get new clients in areas like wealth management. The bank plans to expand the its retail book with mortgages, personal loans and lending to small entrepreneurs through its network of branches in India. The bank will also invest in technology in the front and back ends, especially in mobile and online banking as part of this retail thrust.
09th Mar 16 Standard Chartered makes retail banking paperless
Standard Chartered Bank announced the global launch of a digital tablet-based sales-and-service tool that brings the bank to clients. Seamlessly integrated with the Bank back end infrastructure, Retail Workbench will allow sales staff to open an account for a client in any location and makes banking services like loan approvals and credit card issuance fast, simple and completely paperless. Retail Workbench is now going live in six markets in Malaysia, India, the UAE, Bangladesh, Nigeria and Kenya and is a part of the bank last year announcement that it will invest 1.5bn dollar in technology over three years
24th Feb 16 StanChart India posts Rs 6729 Cr loss
Standard Chartered Bank, one of the largest foreign banks in India, has posted a loss in 2015 due to rising bad loans and slow growth in loans and deposits
18th Nov 15 Zarine Daruwala quits ICICI Bank to join Standard Chartered
SCB, which faced losses this year due to rising bad loans, has appointed Zarin Daruwala of ICICI Bank as its India CEO
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