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  • Standard Chartered Personal Loan Calculator is Rated as "Great!" by 2980 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
      "Process time should be faster"
      0.5 3.0/5 "Satisfactory"
      Last year I had a personal loan from Standard Chartered, they gave 12.5% of interest. But this time SCB offered me 12% of interest. Earlier process was very quick, they have one point of contact to reach. I closed my personal loan within a year.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 19, 2017
    • Standard Chartered Bank Personal Loan
      "Loan process should be faster"
      0.5 3.0/5 "Satisfactory"
      Last year also I have applied for the loan in Standard chartered at that time they have approved the loan faster. But this time documentation procedure taken some time, finally they taken three weeks to disburse the amount. It would be great if loan process is faster.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 19, 2017
    • Standard Chartered Bank Personal Loan
      "Good experience and friendly service"
      0.5 4.0/5 "Great!"
      I already taken personal loan from Standard Chartered, when I applied loan through online channel they were not responded. Finally again I approached the bank, took the loan with better interest rate and zero processing fee, I am happy about it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 19, 2017
    • Standard Chartered Bank Personal Loan
      "Communciation and coordination should be there"
      0.5 2.0/5 "Expected more"
      No body got back on my personal loan request from Standard Chartered bank. Very first I got a call from online channel to confirm my requirement. But from the bank, they responded, I would like to suggest they should give quick response and communication part should be improved with the bank.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Oct 17, 2017
    • Standard Chartered Bank Personal Loan
      "Good overall"
      0.5 3.5/5 "Pretty good"
      Since there are plans of switching my account to Standard Chartered Bank I decided to take the personal loan once I start using the bank services. The services and response was good as they were on time to contact me and informed me the details.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 17, 2017
    • Standard Chartered Bank Personal Loan
      "Lack of response"
      0.5 1.0/5 "Really Bad"
      I received a call initially from Standard Chartered bank after I applied for a personal loan and later I got no response from them. It has not been a professional experience as the customer care did not get back to inform me the status. No information on the interest rate and charges.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 17, 2017
    • Standard Chartered Bank Personal Loan
      "Better"
      0.5 4.0/5 "Great!"
      Customer service was good one with the Standard chartered bank bank and the response was also good one with them for the personal loan, which I have applied. After 1.5 months of time, I have got the loan amount from the Standard chartered bank bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 17, 2017
    • Standard Chartered Bank Personal Loan
      "Good experience "
      0.5 4.0/5 "Great!"
      I had taken a personal loan form standard chartered bank for an amount of 5.62lakhs T the interest rate of 12.5% feel its nominal as compared to other banks.They took almost 10 days ot complete my loan request.had responded to my request on time as promised.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • Standard Chartered Bank Personal Loan
      "Good service "
      0.5 2.0/5 "Expected more"
      I had applied for a personal loan from standard chartered bank for an amount of 8 lakhs at the interest rate of 10.99% for a tenure of 5 years.Rate of interest is low as compared to other banks .customer service is poor they took almost a month to process my application my suggestion to the bank to speed up the work and keep up the promised turn around time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 16, 2017
    • Standard Chartered Bank Personal Loan
      "Good overall"
      0.5 3.0/5 "Satisfactory"
      Since I cancelled my plans, I did not take the personal loan with Standard Chartered Bank. The customer services are good and they been very responsive. The interest rate was around 11.5% and the processing charges was normal too. Good overall.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 16, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent service "
      0.5 5.0/5 "Blown Away!"
      I had applied for a personal loan for an amount of 5 lakhs at the interest rate of 11.9% feel its nominal as compared to other banks.They processed it within 10 days ,had a quick response from the bank. overall I am satisfied and happy to bank with them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 16, 2017
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      The Standard charted bank gave good response but they are slow in their response part. They have disbursed my loan amount within a week time. The customer was helpful was in regards to my personal application. The rate of interest is average with Standard Charted Bank when compared with others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 15, 2017
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan from SCB, i am happy that my loan application was approved and the required amount was disbursed. The customer service was good and responsive but the process was quite slow, it took 15 days for the approval. They provided a door step service for collecting the documents. The rate of interest is very less when compared to all other banks.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Oct 15, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan from SCB, i am happy that my loan application was approved and the required amount was sanctioned. The customer service was good, they responded very well. They provided door step service to collect the documents. I am also satisfied with the rate of interest.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 15, 2017
    • Standard Chartered Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I initially applied for the personal loan through an online channel and later since I did not have the aadhar card I could go through that channel. So SCB contacted me directly and processed the loan but I felt I was among the many who needed the loan as every time the bank contacted me they did not know who they were talking too. I had to introduce myself time and time again and then they would get my details on their systems and they would recognize. I was also not happy with the interest rate and processing charges. Because my colleagues who took a lesser amount of loan got a lesser rate and it was vice versa for me.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 15, 2017
    • Standard Chartered Bank Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      I have approached Standard Chartered Bank on my personal loan. I am satisfied with the customer service and the response was fast. The documents collected by the executive at door step. They have disbursed the expected loan amount. I felt the rate of interest was high. The preclosure and part payment option is average.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 15, 2017
    • Standard Chartered Bank Personal Loan
      "average service"
      0.5 2.5/5 "Just OK"
      I applied for a personal from STANDARD CHARTERED only once I got a call from them as I discussed with them the rate of interest they offered was little high it was the main reason I dropped my plan with STANDARD CHARTERED and I have not proceed further with them and it was long back so I forget about their service overall service is average from STANDARD CHARTERED.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 15, 2017
    • Standard Chartered Bank Personal Loan
      "Best"
      0.5 5.0/5 "Blown Away!"
      My experience was good one with the Standard chartered bank and I dont have any issues for my personal loan, which I have applied. I been with them from the last two years of time.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 15, 2017
    • Standard Chartered Bank Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      The standard charted bank was good in their explanation part, they have explained the product in a very good way , The transparency is seen in the process. Customer support was helpful. The rate of interest which they have offered was nominal when compared with others.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 15, 2017
    • Standard Chartered Bank Personal Loan
      "Not bad not good either "
      0.5 2.0/5 "Expected more"
      Customer service was not up to the mark i will say from the STANDERD CHARTERD BANK . The rate of interest provided to me was to high something around 11.99% there was no processing fee they were charged from the bank end . The loan got disbursed within seven working days . Once i had a query regarding the loan process so i called customer care but they did not have any detail of my loan process . Not happy with the process .
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 14, 2017
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