Multiple banks. Different interest rates. Call it a "conflict of interest".
Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Standard Chartered Personal Loan Calculator is Rated as "Great!" by 3256 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
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The documentation process just took a day time and the Standard charted has disbursed the loan amount within 3days of time. The customer support service is good with the Standard charted bank. The required loan amount has been disbursed on time and I am very much satisfied with it.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 17, 2018
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan with STANDARD CHARTER bank. The Interest rate was 12.49% which was satisfactory and the loan amount was 3 lakhs. The tenure period was 5 years. They have sanctioned the loan with the committed time .The loan process was smooth and hassle free. My experience was excellent,.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 17, 2018
    • Standard Chartered Bank Personal Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Standard chartered bank.The loan amount is 2.4 lakhs,rate of interest is low as compared to others.I have no processing fees,They had collected documents door step and processed within the TAT.Net banking is very user friendly to make payments.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 16, 2018
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      It was good with Standard Chartered Bank. The rate of interest was average. They offered around 11% where other bankers are doing it for 10.3% to 10.5%. The documentation process was good and it was collected by the executive at doorstep. I got 4.8L but my expectation was 8L.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 13, 2018
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I had taken my personal loan with Standard Chartered Bank. My first payment was not taken on right time so I had to go to the bank and paid the money which am not completely happy. The rate of interest was 12% which was reasonable. The executive came to place and collected the documents.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 13, 2018
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan with STANDARD CHARTER bank . The loan amount was 6 lakhs and the interest rate was 11.49% which was average in the market. The customer service and responses was up to the mark. The tenure period was 5 years and they have provided door step service for collecting document. I would conclude saying that it was an excellent experience that I had with Standard Chartered bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 12, 2018
    • Standard Chartered Bank Personal Loan
      "Average"
      0.5 1.0/5 "Really Bad"
      The rate of interest was better with Standard Chartered Bank. I am little bit disappointed with the documentation process. I had to do quite bit followup. They took 2 weeks to disburse the loan. I had taken a 3L with duration of 5years. I am paying monthly around 5k - 6k through ECS.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 12, 2018
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      It was a good experience with Standard Chartered Bank. The rate of interest was nominal, they offered around 11% for the personal loan. They are not responding properly to the customer query. There is no processing fee. The executive came to my place and collected the documents at doorstep.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 11, 2018
    • Standard Chartered Bank Personal Loan
      "Recommedable bank"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal Loan from Standard Chartered Bank .The approved loan amount was 2 lakhs . The given rate of interest was13%. The monthly EMI comes around 5365. the total tenure is for48 months. There was no processing fees.The customer service and response is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 10, 2018
    • Standard Chartered Bank Personal Loan
      "Need to improve"
      0.5 3.0/5 "Satisfactory"
      I got the personal loan with the Standard chartered bank and the interest rate is around 11.49% and am happy with them. The loan amount got disbursed after twenty days of time. Everything is fine one for me with the Standard chartered bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 10, 2018
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan with STANDARD CHARTER bank . The customer service and responses was up to the mark. The loan amount was 2 lakhs and the Interest rate was 11.49%which was bit high than other banks in the market. Here the loan process was quick and smooth . There is no processing fee here.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 10, 2018
    • Standard Chartered Bank Personal Loan
      "Very Good"
      0.5 4.0/5 "Great!"
      I got the personal loan with the Standard chartered bank with the comparatively lesser rate of interest. I got the loan amount in required amount of date. Everything is good one with the Standard chartered bank and there is nothing much patches with them.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jan 10, 2018
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      My personal loan was taken with STANDARD CHARTER bank. The loan amount was 2.30 lakhs and the Interest rate was 11.49% which was avergae In the market. The customer service and responses was up to the mark. The loan process was smooth and there is no processing fee here so I would like to recommend to others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 09, 2018
    • Standard Chartered Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from Standard Chartered Bank and it was a good loan experience. The loan amount was for Rs 2.5 lakhs with the rate of interest 11% which is nominal. The process was very smooth and i received my loan amount within 10 days. Customer service was good and they provided door step service to collect the documents. There was no processing fees charged for this loan. The tenure of the loan is 4 years and i pay an EMI of Rs 11800.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 09, 2018
    • Standard Chartered Bank Personal Loan
      "Good card"
      0.5 4.0/5 "Great!"
      Long back, I had closed the Standard chartered bank personal loan because of my personal reason. Accessibility was lesser one with the Standard chartered bank and the customer service is good one for me with the Standard chartered bank when it comes to credit card service.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 04, 2018
    • Standard Chartered Bank Personal Loan
      "Interest Rate is Low"
      0.5 5.0/5 "Blown Away!"
      It was very good Loan that I got with this Bank. Their interest rate was very good when compared to other Bank. They gave me the Loan of Rs.3 Lakhs at the Interest rate of 11.99%. The process was very good with them. I have linked my salary account with them.
      Was this review helpful? 2
      , kolkata
      Reviewed on Dec 26, 2017
    • Standard Chartered Bank Personal Loan
      "Good Process"
      0.5 5.0/5 "Blown Away!"
      I am running a personal loan with Standard Chartered Bank. It is a tenure of 3 years. I have completed one year, the loan process was very good. Monthly I am paying 2908 rupees through ECS. The rate of interest and charges are normal like other banks.
      Was this review helpful? 6
      , chennai
      Reviewed on Dec 21, 2017
    • Standard Chartered Bank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      I have my personal loan with STANDARD CHARTERED bank 2 months back. The loan amount was 1,18,000. The rate of interest was average in the market. The tenure period was 18 months and the loan process was very good. The pre closure is after 4 months and they have provided door step service for collecting documents .
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Dec 14, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent banking"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with Standard Chartered Bank.The loan was not given as per expectation,rate of interest is nominal as compared to other banks.The loan got processed within the turn around time.Net banking and phone banking are working fine.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Dec 12, 2017
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Standard Chartered bank.The loan amount is two lakhs,Rate of interest is good compared to others.There is a good response from the banks end,they had processed the request without much delay and no processing fees.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 11, 2017
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