Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 Standard Chartered Personal Loan Calculator

    Bank Name
    Interest Rate Range
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    Tenure Range
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
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    Customer Reviews

    Standard Chartered Personal Loan Calculator is Rated as "Great!" by 2595 Users

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    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. 

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  • Personal Loan Reviews

    • Standard Chartered Bank Personal Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      The Standard charted bank offered me a best rate in regards to my personal loan with the lowest charges. The customer service and the response is average with SCB. They have disbursed the loan within 5 days of time, they made it within the promised time. The required loan amount has been disbursed and I am satisfied with the loan amount.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 25, 2017
    • Standard Chartered Bank Personal Loan
      "Loan rejection"
      0.5 1.5/5 "Bad"
      My personal loan rejected due my resistant address in out of city but i am 7 years customer in SCB bank so pls make loan for out of city customers because this is my salary account so please arrange loan our of city customers otherwise bank is so good and the best think is working time 24*7 this so good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 25, 2017
    • Standard Chartered Bank Personal Loan
      "Smooth Service"
      0.5 5.0/5 "Blown Away!"
      I did not face any kind of challenges during the personal loan process with Standard Chartered Bank. The loan process went smooth and there are no hassles with them. Even I have no issues with the interest rate. The way they provide customer service is also too good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 24, 2017
    • Standard Chartered Bank Personal Loan
      "Better Response"
      0.5 4.0/5 "Great!"
      I had received good response from Standard Chartered Bank on my personal loan application. But due to some reason I had to close the application. I had no issues with SCB in taking the loan and I had received a call from them for the loan application.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 24, 2017
    • Standard Chartered Bank Personal Loan
      "not satisfied"
      0.5 1.0/5 "Really Bad"
      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 the product. Therefore, I would say both customer service and the response needs to be improved with Standard Chartered Bank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 24, 2017
    • Standard Chartered Bank Personal Loan
      "Uncomfortable with the Terms & conditions"
      0.5 3.0/5 "Satisfactory"
      I did not go ahead with Standard Chartered Bank for the personal loan because I was not comfortable with the terms and conditions. They were high on the processing charges of 2% and they had no part payment option. There was also a preclosure fee. The rate of interest was of 11,99%.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 23, 2017
    • Standard Chartered Bank Personal Loan
      "Overall a good experience "
      0.5 5.0/5 "Blown Away!"
      I had not taken a personal loan from Standard Chartered Bank because I had taken the loan from another source. But absolutely, I had no issues with the bank, the team was on time in contacting me and informing me all the details. The interest rate and processing charges were also reasonable. It was around 11%.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 23, 2017
    • Standard Chartered Bank Personal Loan
      "Below average service"
      0.5 1.0/5 "Really Bad"
      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 the product. Therefore, customer service and the response need to be improved with Standard Chartered Bank.
      Was this review helpful? 0
      , noida
      Reviewed on Jul 18, 2017
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Market rate for the personal loan is 10.99% interest rate but Standard Charted Bank was offering the loan with an interest of 12.5% , so that was the reason I had taken loan from other banks. The customer service and the response was good with SCB. Plus, it would be great if they bring down their interest rate too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 18, 2017
    • Standard Chartered Bank Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      The rate of interest and the processing fee is nil with Standard charted bank, so that was the reason I opted for scb personal loan but it took too much of time. So that was I have closed my personal loan application. The Customer service and the response was really fast with SCB.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 18, 2017
    • Standard Chartered Bank Personal Loan
      "Not supportive"
      0.5 2.0/5 "Expected more"
      Initially Standard Chartered Bank told me that I am eligible for the personal loan. And they had collected all the documents from me and informed about the interest rate for the loan. Post which there was no response from the bank, I had to followup on my application with them but after that they had closed my application. The bank was not supportive.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 13, 2017
    • Standard Chartered Bank Personal Loan
      "Seamless experience with Standard Chartered"
      0.5 5.0/5 "Blown Away!"
      Standard Chartered is competitor of CITI bank, I am have very good experience with SCB, I got awesome service from them, my personal loan process was seamless, response was very good. The executive are very prompt in service,. Standard Chartered interest rate is also competitive and best.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 13, 2017
    • Standard Chartered Bank Personal Loan
      "Good Process"
      0.5 3.5/5 "Pretty good"
      I had taken the personal loan from Standard Chartered bank. Actually I approached SCB through online source. I had received good response from the bank towards my loan application and the interest rate is good. I had no issues with the bank during the loan process.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 12, 2017
    • Standard Chartered Bank Personal Loan
      "Interest should be similar"
      0.5 3.0/5 "Satisfactory"
      The reason why I had not taken Standard Chartered bank loan is, on the website it was showing the interest rate of 10.99% but when I spoke with them they were offering an interest around 11.99% . I had asked them to reduce the interest rate however they were not ready to lower the rate. Now I have decided to process the loan with AXIS.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 12, 2017
    • Standard Chartered Bank Personal Loan
      "Be Customer Oriented"
      0.5 1.0/5 "Really Bad"
      Standard Chartered Bank quoted very less loan amount for the personal loan. Actually I approached them through online source but since I found that the loan amount is low, I did not continue with SCB and I just cancelled the plan. Even I did not receive good response from the bank.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jul 12, 2017
    • Standard Chartered Bank Personal Loan
      "Be Customer Oriented"
      0.5 5.0/5 "Blown Away!"
      Actually I approached Standard Chartered bank for the personal loan and I am in a need of seven lakhs but the bank said that I am eligible for five lakhs. So I dropped my plan and I did not take the loan from Standard chartered. But I received good response from the bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 12, 2017
    • Standard Chartered Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I have taken loan through other other online channel with same Standard Chartered bank, they have processed my loan on time. SCB approved the loan amount of Rs. 7 lakhs as per industrial standard they offered me good interest rate without any processing fee. I am really happy about it.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Jul 12, 2017
    • Standard Chartered Bank Personal Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      I was expecting money from some where else, I got that money. Hence there is no requirement to take personal loan from Standard Chartered bank. They have responded very well and they have you offered me best interest rate and processing fee.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 12, 2017
    • Standard Chartered Bank Personal Loan
      "Better Service"
      0.5 4.0/5 "Great!"
      I had applied for the personal loan with Standard Chartered bank but my requirement was not fulfilled so I did not take the loan from them. Other than that I had received good response from Standard chartered bank and their responses are really good.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 11, 2017
    • Standard Chartered Bank Personal Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      My earlier experience with Standard Chartered bank for the personal loan was excellent. I had no hassles in getting details from them and processing my details. The interest rate and processing charges were also normal and the services after the loan was also good as the loan was disbursed on time.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 11, 2017
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