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  • Standard Chartered Personal Loan Calculator is Rated as "Great!" by 3395 Users

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    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
      "Average Banking Services"
      0.5 4.0/5 "Great!"
      The Standard Chartered bank personal loan was good. Before taken the personal loan, they have given a committed like a lower tenure period but after the loan approval they have increased the tenure period for 3 years or else they will reduced the loan amount for the tenure period. I have purchased the loan amount of Rs. 8 lakhs. I have canceled the loan because of this issue.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 15, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been holding my personal loan Standard chartered bank,the loan amount they have given me up to 3,20,000 but i have expected up to 5,00,000 and there rate of interest they have charged me is nominal it is up to 10.25% they have been charging, they have charged processing fee up to 3000-4000 which is nominal.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 15, 2018
    • Standard Chartered Bank Personal Loan
      "Very Good Service"
      0.5 4.5/5 "Excellent!"
      It has been a good experience i had with them and the loan amount which they had provided has been satisfactory. The interest rate with them has been nominal and was quite good. Their customer support has also been good and they had been helpful at times.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 13, 2018
    • Standard Chartered Bank Personal Loan
      "Process should be improved"
      0.5 5.0/5 "Blown Away!"
      I took personal loan from Standard Chartered for the amount of Rs. 3.50 lakhs, total tenure period is five years. The interest rate is very high in Standard Chartered bank and also documentation process is hard, they were keep getting different documents from me.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 12, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was approved with SCB and the experience was good, the process was smooth and i received my loan amount within 1 week. The loan amount was for Rs 3 lacs with nominal interest rate when compared to others. Customer service was good and they followed up on time.
      Was this review helpful? 3
      , mumbai
      Reviewed on Nov 09, 2018
    • Standard Chartered Bank Personal Loan
      "Needs to be Quick."
      0.5 4.0/5 "Great!"
      I had a personal loan going with Standard charted Bank. At the time of applying it happened to be a bit delay. I had to wait for 15-20 days to get the approved amount. The interest rates i find it little higher , it can be lowered. But as Standard charted has taken care of my need i am happy , only thing they have to work on is their timing and quick response.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 04, 2018
    • Standard Chartered Bank Personal Loan
      "Unhappy with the services"
      0.5 2.0/5 "Expected more"
      The process at Standard Chartered Bank is not up to the mark for the personal loan. The process took so much of time for me to get the loan. The rate of interest is around 11% and the processing charges are normal. They need to work on the services.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 01, 2018
    • Standard Chartered Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had taken a very minimal loan amount from them and the experience had been good. Since i had my salary account with them there has not been any documentation required and the process has been simple. The loan amount whcih they had provided has been satisfactory as well.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 31, 2018
    • Standard Chartered Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It has been a good experience i had with this loan and the interest rate with them has been good as well. The loan amount which they had provided has been good and the process has been fast in getting the loan as well. There has not been any sort of charges which they had made and the process had been fast as well.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 31, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience was good with SCB for personal loan, the process was smooth and i received my loan amount within 1 week. Customer service was good and they followed up on time. The loan amount i requested for was Rs 6.1 lacs but they gave only Rs 4.2 lacs with nominal interest rate and the tenure period is 5 years.
      Was this review helpful? 3
      , bangalore
      Reviewed on Oct 24, 2018
    • Standard Chartered Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with STANDARD CHARTERED bank and my experience with this bank was good,the loan which i expected i got even rate of interest and processing fee is nominal compared to other banks.customer support team is good and they response to me very well.
      Was this review helpful? 3
      , mumbai
      Reviewed on Oct 20, 2018
    • Standard Chartered Bank Personal Loan
      "BEST"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with the STANDARD CHARTERED BANK and the process of getting the loan is very good and the rate of interest is very lower when compare to the others it is 11.9% also the service is very quick. There is no processing fee for loan.
      Was this review helpful? 5
      , chennai
      Reviewed on Oct 20, 2018
    • Standard Chartered Bank Personal Loan
      "More than satisfactory"
      0.5 5.0/5 "Blown Away!"
      Standard Chartered Bank is good in the personal loan process. The customer support is fine and they were responsive too. The process is very fast and i got the loan within five days. The rate of interest is around 12.49% and the processing charges is zero. I thought it will take time since the loan amount was huge of five lakhs. But I got it very quickly.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 18, 2018
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Standard Chartered Bank. The process is good but the verification was done at a random by a third party and I was not at my place when it happened. I was not informed about it. The rate of interest is of 11.99% and the processing fees is zero.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 18, 2018
    • Standard Chartered Bank Personal Loan
      "Good in all"
      0.5 5.0/5 "Blown Away!"
      Standard Chartered Bank is also good in the process for the personal loan. The customer support and response is good and there are no hassles to get the loan. The rate of interest and processing charges is normal. The after loan services is good.
      Was this review helpful? 4
      , chennai
      Reviewed on Oct 13, 2018
    • Standard Chartered Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      My personal loan was taken with STANDARD CHARTED BANK , the rate of interest is 12% it is slightly high but fine . The process of getting loan is too fast only it took 4 days to get loan . There is no processing fee with this bank and preclosere is chargeable . So far it has been good experience .
      Was this review helpful? 2
      , new delhi
      Reviewed on Sep 14, 2018
    • Standard Chartered Bank Personal Loan
      "closure of persaonal loan"
      0.5 0.5/5 "Unacceptable"
      bad experience with bank , did completely one week folloup for closure of laon account. even after closing of loan account still emi ammount is deducted that is worst experiecne calling for same but did not getting satisfying resposne its terrible experience worst
      Was this review helpful? 3
      , pune
      Reviewed on Sep 03, 2018
    • Standard Chartered Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It has been a very good experience i had with this Personal loan and the loan amount of 1,50,000 has been satisfactory as well. The interest rate which they had charged was around 12% and it had been nominal when compared with the market rate. The tenure with the loan has been five years and it was comfortable.
      Was this review helpful? 2
      , chennai
      Reviewed on Sep 03, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      It was an average experience with Standard Chartered Bank for personal loan, the process was quite long and it took 20-25 days to complete. Documents were collected on time and the customer service was good. The loan amount was for Rs 6 lakhs for 5 years with high interest rate.
      Was this review helpful? 6
      , mumbai
      Reviewed on Aug 17, 2018
    • Standard Chartered Bank Personal Loan
      "EXCLLENT "
      0.5 4.0/5 "Great!"
      Customer service was excellent , about the documentation, the process was done on time, i the loan processed quickly than i expected, there was a smooth transaction while transferring fund to my account, without any hassle or delay its really good.
      Was this review helpful? 3
      , bangalore
      Reviewed on Aug 14, 2018
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