Standard Chartered Bank Personal Loan
- Interest Rate starting from 11.99%
- Loan Amount up to Rs.50 lakhs
- Loan Tenure up to 5 years
- Processing Fee up to 3% of loan amount + GST
Standard Chartered Bank offers their customers Personal Loans of up to Rs.50 lakhs for a tenure as long as 5 years. Minimum loan amount available is Rs.1 lakh and the funds can be used to meet purposes such as emergency medical needs, vacation, gadget purchase and home renovation.
|Standard Chartered Bank Personal Loan Summary|
|Interest Rate||11.99% onwards|
|Loan Amount||Up to Rs.50 lakhs|
|Loan Tenure||Up to 5 years|
|Processing Charges||Up to 3% of loan amount + GST|
Note : The above rates are subject to change at the discretion of the banks or on the basis of RBI directives.
Standard Chartered Personal Loan Eligibility
To be eligible for a Standard Chartered Bank Personal Loan,
- A salaried professional or self-employed individual.
- Between the ages of 22 and 58 years of age.
- An individual with a monthly net salary of Rs.22,000 or above.
Want to know how much Standard Chartered Personal Loan you qualify for?
Find out now by using the Fincity Personal Loan Eligibility Calculator.
Standard Chartered Bank Personal Loan Interest Rates
Standard Chartered Personal Loan interest rate starts as low as 11.99%. However, the rate available to a customer depends on their credit score, income, loan amount, age and a number of other factors.
Note :The above rates are subject to change at the discretion of the banks or on the basis of RBI directives.
Standard Chartered Personal Loan Processing Fees & Charges
Here’s a list of the processing and other fees charged by Standard Chartered Bank when you apply for a Personal Loan.
Up to 3% of the loan amount
|Pre- payment charges||
0-12 Months: 5% of the Principal Outstanding
12-24 Months: 4% of the Principal Outstanding
25-36 Months: 2% of the Principal Outstanding
More than 36 Months: 1% of the Principal Outstanding
|Late payment fees||
Rs.495 + GST
Rs.500 + GST
|Documentation and administration charges||
In case of top up loans, documentation charges starting at 2.5% of the net loan amount are payable.
Note :The above rates are subject to change at the discretion of the banks without prior notice.
Standard Chartered Personal Loan EMI Calculation
Finding the perfect loan scheme is now easy with Fincity! First use the Fincity Personal Loan EMI calculator to know the approximate EMI amount for each scheme that appeals to you and then choose the one that doesn’t put too much pressure on your pocket and is easy to repay.
Standard Chartered Bank Personal Loan Documents Required
Here are the main documents individuals will need while applying for a Standard Chartered Bank Personal Loan.
- Identity proof (any one): Aadhaar, PAN, Passport, Driving License, Voter ID Card, Photo Ration Card
- Address proof (at least one): Passport, Telephone Bill, Ration Card, Electricity Bill, Life/Medical Insurance Policy, Driving License, Rental Agreement, Apartment Allotment Letter
Note : Required documents must be self-attested and may slightly differ.
Standard Chartered Personal Loan Scheme Benefits
You avail of a personal loan with Standard Chartered Bank to clear off existing debts or start a new business. You do not need to provide a collateral or a guarantor in order to avail of a personal loan. Plus, you can enjoy the part-prepayment option of up to 25% of your outstanding loan amount in a year.
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