Standard Chartered Bank Personal Loan Status

Standard Chartered Bank is a prominent global bank that has its operations across several nations including India. In the country, the bank has premium banking services at great prices. With the help of the bank’s products, you can enhance your lifestyle extensively.

The bank provides loans, deposits, mortgages, credit cards, investments, debit cards, and insurance to individuals for different purposes.

If you are interested in taking a personal loan to take care of your personal requirements, you may choose to take a personal loan from the bank for any personal needs.

Standard Chartered Bank Personal Loan

You can apply for this personal loan to arrange a wedding, to pay for your or your child’s education, to buy a two-wheeler, to refurbish your home, or to take care of any other personal requirement.

Features of Standard Chartered Bank Personal Loan

• You can apply for this personal loan online, where you will get approval immediately.
• When you apply for this loan, your loan amount will be disbursed to you within 4 to 7 working days after you furnish the relevant documents.
• The rate of interest starts at 11.99% p.a. for this loan
• The minimum loan amount is Rs.1 lakh.
• The maximum loan amount is Rs.30 lakh.
• The processing fee will be up to 2.25% of your personal loan amount.
• The loan amount sanctioned to you will be determined by your income, repayment ability, and eligibility.
• You can repay this loan within a period of 12 to 60 months. You can enjoy flexible repayment modes with this personal loan.
• You do not have to make any arrangements for security or guarantor or collateral in order to apply for this loan.
• You will have to pay a processing fee of up to 3% of your personal loan amount. You may also have to pay documentation charges upfront. These charges will be taken from your loan quantum when it is disbursed to you.
• This loan can be taken by both salaried employees and self-employed individuals.
• You may utilise the personal loan EMI calculator, which is available on the official website of the bank. You only need to enter your personal loan amount, rate of interest, and the number of years of your loan.

Benefits of Standard Chartered Bank Personal Loan

• If you apply for a Standard Chartered Bank personal loan online, you can enjoy zero processing fees or a discount of 50% on your processing fee. You will need to check with the bank before making your online application as there are certain terms and conditions.
• You can also receive waivers on your last equated monthly installment (EMI) when you choose loan tenures such as 36 or 48 or 60 months OR a cashback of 2% on the EMI that you have paid. There are terms and conditions for this also. You will need to ask the bank for full details about this benefit.

Documents Required for Standard Chartered Bank Personal Loan

You will be required to submit certain documents mandatorily in order to get your Standard Chartered Bank personal loan disbursed:

Proof of address:

• Telephone bill
• Electricity bill
• Passport
• Life insurance policy or Medical insurance policy
• Ration card
• Driving license
• Apartment allotment letter
• Rental agreement

Proof of identity:

• Aadhaar card
• Photo PAN card
• Voter ID card
• Passport
• Photo ration card
• Driving license

How to Apply for Standard Chartered Bank Personal Loan

You may apply for a personal loan from Standard Chartered Bank through online methods or offline methods.

In order to apply online, you will have to go to the personal loan segment of the bank’s website and click on ‘Apply Now’.

• You will now see an online application form. Here, you will have to first mention if you are an existing customer or not.
• You will have to choose the city you reside in, the type of your employment, your email address, and your mobile number.
• You will also need to check a box to mention that you authorise the bank to get in touch with you anytime.
• After you click ‘Proceed’, you can check the different quotes for personal loans and take your pick according to your circumstances, requirements, repayment ability, etc.
• You can then apply online and wait for an approval from the bank.

In order to apply offline, you will be required to visit any branch of the bank and meet an executive at the branch. You can submit hard copies of your documents to the executive directly. The executive at the branch will guide you throughout the application process diligently.

How to Check Standard Chartered Bank Personal Loan Application Status

After you apply for a personal loan from Standard Chartered Bank, you may check the application status on the official website of the bank. You can do it online itself without having to go all the way to a bank branch.

Online Standard Chartered Bank Personal Loan Application Status Tracking

• You will have to go to the Internet and search for ‘Standard Chartered Bank Online Application Status Tracking’. You will be able to find a link that will let you monitor your loan application status online.
• In this link, you will be required to key in your application reference number (along with the ‘#’ symbol). This reference number will be provided to you once you complete your loan application.
• Next, you will have to enter your mobile number.
• You can click ‘Submit’ and you will be able to see the status of your personal loan application status on your screen.

Standard Chartered Bank Personal Loan Application Status Tracking Without Reference Number

• In case you forget your loan application reference number, you can key in your email address and your mobile number.
• You will now be able to see your application status.

With the help of this online tracking system, you do not have to go all the way to a branch to monitor the status of your loan. You also do not have to call the bank for knowing your status. With basic details of your personal loan application, you can track it online while sitting at home itself.