Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Personal Loan Reviews

    • Standard Chartered Bank Personal Loan
      "Hassle free"
      0.5 4.5/5 "Excellent!"
      It was a prompt response from Standard Chartered Bank after I had applied for a personal loan. It was a quick process as well as I got the loan within four days. The rate of interest was around 11.99% and the processing fees was waived off. Overall a hassle free process.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 25, 2017
    • Standard Chartered Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I have not taken the personal loan with the Standard chartered bank because I have dropped the plan. Response is good and the customer service is working in good way. In future, I would like to go ahead with them.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 25, 2017
    • Standard Chartered Bank Personal Loan
      "Response needs improvement"
      0.5 2.5/5 "Just OK"
      Standard Chartered Bank contacted me for the personal loan. After which they did not follow up with me for the loan. It was not a very good experience overall. Though the rate of interest was around 12.99% , I do not want to rate them on it as I have not taken the loan finally.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 25, 2017
    • Standard Chartered Bank Personal Loan
      "Good process"
      0.5 5.0/5 "Blown Away!"
      I have requested for a personal loan from Standard charted bank via a channel partner , but I never got any kind of response from SCB , It was an emergency so I have met the SCB executive personally and I got the loan within a day time. The rate of interest is low when compared with others, They gave a option to waive off my last EMI., The processing fee and the charges were zero with SCB.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 24, 2017
    • Standard Chartered Bank Personal Loan
      "Lack of response"
      0.5 4.0/5 "Great!"
      After me applying for a personal loan with Standard chartered, the executive came over and collected my documentation and I also received a call once from them stating that they could get back to me. But I got no response after that. The rate of interest and charges is average.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 24, 2017
    • Standard Chartered Bank Personal Loan
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      There was a proper response from Standard Chartered Bank after I had applied for a personal loan. I finally did not go ahead with it because I changed my plans. The interest rate and processing charges is normal. The process was also swift and easy.
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      , bangalore
      Reviewed on Sep 24, 2017
    • Standard Chartered Bank Personal Loan
      "Good bank"
      0.5 4.0/5 "Great!"
      I have requested for a personal loan application with STANDARD CHARTERED BANK. Later i had no requirement for a personal loan. But the overall experience with the bank is totally satisfying and good.The executive contacted me was very polite and helpful.
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      , ahmedabad
      Reviewed on Sep 24, 2017
    • Standard Chartered Bank Personal Loan
      "Not satisfactory"
      0.5 2.0/5 "Expected more"
      I had applied for a personal loan with SCB and the bank contacted me and collected my paper work. After the collection of documents, I had to follow up twice and then I was told that the loan could not be processed because I was not eligible for the same.
      Was this review helpful? 0
      , pune
      Reviewed on Sep 24, 2017
    • Standard Chartered Bank Personal Loan
      "Zero response"
      0.5 1.0/5 "Really Bad"
      It was a complete zero response from Standard Chartered Bank. I had applied for a personal loan and there was no communication at all from the bank to check on my requirement. It has not been a good experience and I would not wish to recommend the bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 24, 2017
    • Standard Chartered Bank Personal Loan
      "DISSATISFIED"
      0.5 2.0/5 "Expected more"
      To be frank, I would say that I haven't received a proper response from Standard Chartered bank in concern to my personal loan application. They didn't even give a call to explain about to submit the documents I did that after executive came and collect it, no reply from them after a week they are calling and asking the documents again so I said please cancel the application not interested anymore.
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      , new delhi
      Reviewed on Sep 24, 2017
    • Standard Chartered Bank Personal Loan
      "SATISFACTORY"
      0.5 3.0/5 "Satisfactory"
      My experience with the Standard chartered bank was okay and the customer service is fine one for me but they have not processed my personal loan the reason they have given is i have a credit card and it is over duw so that is why they are not offering me personal loan and iam a holding salaried account with the same bank.
      Was this review helpful? 0
      , noida
      Reviewed on Sep 24, 2017
    • Standard Chartered Bank Personal Loan
      "Good overall"
      0.5 4.5/5 "Excellent!"
      The process was very fast with Standard Chartered bank for the personal loan and the only one thing is that there was a slight gap in communication after the documents was collected. The interest rate was around 11% and the processing charges was waived off.
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      , mumbai
      Reviewed on Sep 24, 2017
    • Standard Chartered Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      My loan requested was acknowledged by standard charted bank executives on time. The way they approach the customers is really good. They have taken around 1 week to disburse my personal loan. The rate of interest is nominal 10.85%. There is no processing fee in my personal loan process. I am happy with the loan amount.
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      , bangalore
      Reviewed on Sep 24, 2017
    • Standard Chartered Bank Personal Loan
      "Overall no hassles"
      0.5 4.0/5 "Great!"
      The overall process was good at Standard chartered Bank and the personal loan was processed at the right time. I got a rate of interest of 11.5% which was on the higher side and the processing charges was waived off. The customer services are good overall.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 24, 2017
    • Standard Chartered Bank Personal Loan
      "Satisfied"
      0.5 4.0/5 "Great!"
      The loan amount got disbursed within a week of time from the date , when I have applied for the personal loan. Rate of interest was really a reasonable one with the Standard chartered bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 23, 2017
    • Standard Chartered Bank Personal Loan
      "Very satisfied"
      0.5 4.0/5 "Great!"
      Standard chartered bank have provided the personal loan with the lesser rate of interest as compared to other sources. Customer service and other things are really good and the deliverables were bang on time and as per requirement. It was a pleasure to be served as per the expectation.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 23, 2017
    • Standard Chartered Bank Personal Loan
      "Unhappy with the services "
      0.5 3.0/5 "Satisfactory"
      After I had applied for a personal loan with Standard Chartered Bank. There was just one call asking me about my requirement and I was told that I would get a call back. After which no one contacted me and I could not go ahead for that loan. It is not a good experience.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 23, 2017
    • Standard Chartered Bank Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      It was a nice and cooperative with SCB as the executive came over and collected all the documents and in one week I got the personal loan through. There is a preclosure option after a lock in period of one year. The interest rate was of 11.99% and the processing charges was waived off.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Sep 23, 2017
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      There is No loan requirement at present,so that was the reason I haven't got the personal loan from Standard charted bank. The rate of interest is high when compared with HDFC bank.The Customer Support is quite good with SCB. The service which was given by SCB was good with SCB.
      Was this review helpful? 0
      , pune
      Reviewed on Sep 23, 2017
    • Standard Chartered Bank Personal Loan
      "ROI and charge perfect"
      0.5 4.5/5 "Excellent!"
      The documents are taken on time from Standard chartered bank and they done a good job overall. The process is on time and the disbursement is perfect and it is as expected. The interest rate and processing charges are normal when compared to the other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 23, 2017
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    Standard Chartered Personal Loan Calculator is Rated as "Great!" by 2863 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.

    Apply for Personal Loan

    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.

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