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  • Standard Chartered Personal Loan Calculator is Rated as "Great!" by 3173 Users

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    Standard Chartered Personal Loan Calculator

    Overview about Standard Chartered Personal Loan Calculator

    Standard Chartered Bank is an international bank with presence in around 67 countries. It was formed in 1969 after the merger of the Standard Bank of British South Africa with the Chartered Bank of India, Australia and China. In India, bank set up its first branch in the erstwhile Bombay and Calcutta in 1858, and currently has 99 branches in 42 cities.

    Standard Charterer’s banking portfolio includes retail loans, deposits, credit cards, and investment and insurance products. The bank offers personal loans and top-ups on personal loans. These are unsecured loans that can be used to meet expenses of personal emergencies, wedding expenses, to go on a foreign trip or for debt consolidation. The bank will not enquire the reason you need the loan for, and it needs no collateral security.

    How does the Standard Chartered Personal Loan EMI Calculator Work?

    An EMI Calculator works on the following formula:

    E = P x R x (1+R)^n/((1+R)^n-1)

    Here, E stands for Equated Monthly Instalment (EMI)

    P stands for the principal loan amount

    R stands for the monthly rate of interest

    n stands for the duration of the loan

    BankBazaar’s EMI Calculator also factors in processing fees and pre-payments to give a more accurate result.

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    How to Use BankBazaar Standard Chartered Personal Loan Calculator:

    When you take a loan from a bank, you need to repay it regularly. This repayment is done every month through EMIs. An EMI is a fixed amount you pay monthly to the bank you borrowed from, and it is calculated by factoring in the loan amount, interest rate, and loan duration. Before you take a loan, you should know whether you will be able to repay the loan in the EMIs decided by the bank. A bank will not tell you the EMI schedule until the loan is sanctioned. In such a case, the best way to find out the approximate EMI you’d be expected to pay, is to use an EMI Calculator.

    An EMI Calculator is a financial tool that ascertains your liability quite precisely. To use the calculator you need to input the correct numbers corresponding to loan term, amount and interest rate. BankBazaar’s EMI Calculator is one of the best available online as it not only gives you a detailed amortisation schedule and analysis of the interest payments and total repayment amount, but also factors in the processing fees and pre-payments.

    The interest rate on Standard Chartered personal loans ranges from 12% to 17%. The loans are available for a tenure of up to 5 years. The processing fee charged is up to 2.25% of the total loan amount and the pre-payment charges are up to 5% of the outstanding amount.

    To use the BankBazaar EMI Calculator, go to the home page of BankBazaar and select the Menu tab on the top right corner. The calculator nestles under ‘Finance Tools’. Enter the loan amount, duration of loan, interest rate and processing fees of Standard Chartered personal loan. You can also enter the pre-payments you plan to make, with the pre-payment frequency, amount, charges and when the pre-payment would start.

    After entering all the values, click on ‘Calculate’. The results will show you the EMI payable, the total amount payable as interest, the total amount you will be paying back to the bank, amortisation table and pre-payment analysis.

    For example, let us say you are borrowing Rs.6 lakh as personal loan for a period of 5 years, at an interest rate of 17% and processing fee of 2.25%. You decide to make pre-payments of Rs.50,000 every year starting from 12 months. When you enter all these numbers into the BankBazaar EMI Calculator, you will get the following results:

    EMI – Rs.14,912

    Total interest payable – Rs.2,29,461

    Processing fee – Rs.13,500

    Total amount payable to the bank – Rs.8,48,961

    Pre-payment analysis: You save Rs.78,731 and tenure is reduced by 1 year.

    Other EMI Calculators available online can only show you the EMI, interest payable and total amount payable.

    Features and Benefits

    The advantages of using an EMI Calculator are:

    1. Ease of access: EMI Calculators are available online and are a convenient tool as they can be accessed from anywhere, on either laptops/PCs or smartphones/tablets with an internet connection.
    2. Ease of use: You can input values as per your needs into an EMI Calculator. It is very simple to use and you do not need any specialised knowledge of finance or technology to operate an EMI Calculator.
    3. Detailed results: BankBazaar’s EMI Calculator gives a detailed analysis of your loan and EMI, and is as accurate as the tool can be.
    4. Amortisation table: The meticulous break-up of EMIs and outstanding amounts on a month-to-month basis helps you understand the whole repayment process clearly.

    Standard Chartered Bank Personal Loan FAQs

    1. How accurate are EMI Calculators?

      An EMI Calculator depends on what values you input for its calculation. The bank usually has a few extra charges that cannot all be factored into the estimations by a simple online calculator. This means that the results of an EMI Calculator may not be accurate to the T, but they give you a fairly good estimate to help you make the right decisions about a personal loan.

    2. Are there separate EMI Calculators for each type of loan?

      No. The BankBazaar EMI Calculator can be used to calculate the EMIs of any kind of loans, as long as you input the values related to those loans.

    3. Is it easier to use EMI Calculators on the bank websites?

      EMI Calculators are not specifically customised to any bank. Even those on the bank websites function the same way as BankBazaar’s EMI Calculator. In fact, bank calculators will not give you as many details in their analysis as BankBazaar’s EMI Calculator does.

    Personal Loan Reviews

    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with STANDARD CHARTERED bank. They collected the documents immediately and within 10 business days my personal loan got approved and disbursed my funds after my documents submission. They offered me the loan with 12.99% as rate of interest and there is no processing fees.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 18, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with STANDARD CHARTERED bank. They collected the documents in the very next day and within a week my personal loan got disbursed after my documents submission. They offered me the loan with 11.99% as rate of interest and there are no processing fees as such.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 18, 2017
    • Standard Chartered Bank Personal Loan
      "Good bank"
      0.5 4.0/5 "Great!"
      As i had some pending from my end , i could not able to proceed the loan from STANDARD CHARTERED BANK.The bank and the approach from the executives are satisfied. I dont have any other issue with STANDARD CHARTERED BANK. I am planning to reapply for the same bank some time later.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 18, 2017
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      It was a good experience with STANDARD CHARTERED for my personal loan service,the customer service was prompt they offered me a average interest rate of 11.99 the documents have been collected from my door step it was a cool service from STANDARD CHARTERED for my personal loan service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 17, 2017
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 3.5/5 "Pretty good"
      I feel the process was little slow with STANDARD CHARTERED for my personal loan service they took a long time to verify my documents but the interest rate they quoted me was fine when compared to others. To conclude , I would say it was an average experience that I had with STANDARD CHARTERED on my personal loan service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 17, 2017
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 3.5/5 "Pretty good"
      I feel the process was little slow with STANDARD CHARTERED for my personal loan service they took a long time to verify my documents but the interest rate they quoted me was fine compare to others it was a average experience with STANDARD CHARTERED for my personal loan service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 17, 2017
    • Standard Chartered Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      STANDARD CHARTERED bank provides me a very good service regarding my personal loan service but their executives rejected my loan process as because my salary account was not under banks criteria they quoted me interest rate of 14.49 which is fine compare to others also the customer service was fine it was a average service from STANDARD CHARTERED for my personal loan service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 17, 2017
    • Standard Chartered Bank Personal Loan
      "Good customer service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan from SCB, my loan application was closed because i have postponed the plan to get the personal loan. I have planned to get the loan in the month of January. The customer service was good and their response was also good. The rate of interest was high when compared to others in the market.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 16, 2017
    • Standard Chartered Bank Personal Loan
      "Good customer service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan from SCB, my loan application was closed because i did not have the salary payslip for 3 months. Customer service part was fine, they responded on time and their service was also good. The rate of interest was very high when compared to all other banks.
      Was this review helpful? 0
      , surat
      Reviewed on Nov 16, 2017
    • Standard Chartered Bank Personal Loan
      "NOT HAPPY"
      0.5 1.0/5 "Really Bad"
      I am not at all happy with the customer service STANDARD CHARTERED BANK it could have been more better actually . The bank never made a contact i never got a call from the bank side . The one part i liked was i uploaded the documents online need not run around for any documentation process . The process could have been even more easier.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 14, 2017
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I applied for a personal loan with STANDARD CHARTERED they said my credit score was not eligible and i was not under bank criteria so they where not able to process further with my loan process but the customer service was good with STANDARD CHARTERED it was a average service from STANDARD CHARTERED for my personal loan service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 14, 2017
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I applied for a personal loan with STANDARD CHARTERED bank but I am not happy with the service of STANDARD CHARTERED the interest rate was very high compare to other banks in the market I feel there approach was not good it was totally a average service from STANDARD CHARTERED for my personal loan service.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 14, 2017
    • Standard Chartered Bank Personal Loan
      "My first experience with SCB"
      0.5 5.0/5 "Blown Away!"
      Much delighted with the service rendered by SCB with regards to personal loan. I got a better rate of interest from them also, I am convincied with the way they dealt with me. There is nothing negative to comment about them its totally a very good experience that I had with SCB with regards to personal loan. I am very much happy with the features of the loan but it would great if they reduce the number of months when it comes to foreclosure as of now we are allowed to foreclose the loan before 12 months.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2017
    • Standard Chartered Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      STANDARD CHARTERED personal loan service was good the interest rate they quoted me was 12.5 which is fine but I have some personal queries I was unable to process further with my loan process with STANDARD CHARTERED it was average service from STANDARD CHARTERED for my personal loan service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 14, 2017
    • Standard Chartered Bank Personal Loan
      "Best banking"
      0.5 3.0/5 "Satisfactory"
      I had applied for a personal loam with Standard chartered bank.The loan amount is 2.5 lakhs,rate of interest is 9% higher as compared to others.Bank has got too much of hidden charges charged on the account otherwise the banks service is best.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Nov 11, 2017
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I had applied for the personal loan from SCB, my loan application was approved and the requested amount was disbursed. The loan amount was for 7 lakhs with the good rate of interest. The service was good, they provided door step service for the collection of documents. I did not have interaction with the customer service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 11, 2017
    • Standard Chartered Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      It was a good experience with Standard Chartered Bank and the banking services are good. I have taken a personal loan. My paper work was on time and there was no delay in the disbursement. There are options for the part payment facility and foreclosure.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 11, 2017
    • Standard Chartered Bank Personal Loan
      "Need Improvement "
      0.5 4.0/5 "Great!"
      The SCB personal loan process was good. The customer support gave me bitter experience in regards to my personal loan application. My loan Emi has to be deducted in every month first week but they haven't deducted the amount and they told there was some issue foe the customers and there was no response from the customer support. The customer support need to be improved with SCB bank.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 10, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      It was a great service from STANDARD CHARTERED for my personal loan service the interest rate they offered was 11.99 which is fine compare to others customer service is good with STANDARD CHARTERD and the documents have been collected from my door step it was a awesome experience from STANDARD CHARTERED for my personal loan service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 10, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      It was a great service from STANDARD CHARTERED for my personal loan service the interest rate they offered was 11.99 which is fine compare to others customer service is good with STANDARD CHARTERD and the documents have been collected from my door step it was a awesome experience from STANDARD CHARTERED for my personal loan service.
      Was this review helpful? 0
      , gandhinagar
      Reviewed on Nov 10, 2017
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