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  • Standard Chartered Personal Loan Calculator is Rated as "Great!" by 3380 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
      "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? 1
      , 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? 1
      , 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? 5
      , 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
    • Standard Chartered Bank Personal Loan
      "GREAT"
      0.5 5.0/5 "Blown Away!"
      I have taken this loan before 2 years, customer service for this loan is good, charges are also nominal, rate of interest is also more or less same as the other banks,i used to make online payments that will be made easier and quick to make payment on time.
      Was this review helpful? 1
      , chennai
      Reviewed on Aug 13, 2018
    • Standard Chartered Bank Personal Loan
      "They won't keep the words and delayed process"
      0.5 0.5/5 "Unacceptable"
      My loan disbursement took 1 month of time and not given the offered interest rates and other offers. Even I have shared the email from agent and all the rates communicated to me on the day of disbursement. I have complained after they calling for more charges and the officials rejected my petition saying that I should have reject the disbursement. I have got very good experience from other bank and my home loan took only 2 weeks for disbursement after this incident.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 10, 2018
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with STANDARD CHARTER bank. Their loan process was very good . I have taken 2 lakhs and the interest rate was quite good and better when compared with other banks . There is no processing fee also.I had a very smooth and good experience.I faced some issues with the EMI detection date which falls on my salary date.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 10, 2018
    • Standard Chartered Bank Personal Loan
      "good servise"
      0.5 4.0/5 "Great!"
      I have taken loan with STANDARD CHARTED BANK 2years back and my loan experience was good. Loan amount which they offered is very satisfactory and interest rate is 11.45% and it is nominal in the market. Tenure period is 2years. The process was smooth at the time of documentation, i did not face any problems. .
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jul 31, 2018
    • Standard Chartered Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I have chosen to go with them for this Personal Loan application since there has been zero processing fee and for the easy documentation. The process in getting the loan had been good enough, the loan amount also had been satisfactory. The interest rate with them also had been good with them when compared with the market rate. Their customer support also had been good and helpful at times.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 24, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have my personal loan application approved with Standard Chartered Bank and the experience was good, the process took 1 week to complete and the rate of interest was nominal. Customer service and their response was bit delayed and the loan amount i requested for is Rs 2 lakhs.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 23, 2018
    • Standard Chartered Bank Personal Loan
      "Need to reduce ROI"
      0.5 3.0/5 "Satisfactory"
      It was a fine experience with Standard Charerted bank personal loan, the loan amount was for Rs 6 lakhs with high interest rate with the tenure period of 4 years. Customer service was good and they collected documents on time. It was overall a smooth process with this bank.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 23, 2018
    • Standard Chartered Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have taken loan with STANDARD CHARTED BANK and my loan experience is good, the loan was rs 4lakhs with 9.50% as interest rate which is very high for me and the tenure period is 5years. Customer service was good with STANDARD CHARTED bank....
      Was this review helpful? 3
      , pune
      Reviewed on Jul 23, 2018
    • Standard Chartered Bank Personal Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      I had chosen to go with them since the interest rate has been low with them. The whole process in getting the loan had been very good where it had been simple. There has not been any sort of processing fee or extra charges which they had made. Their customer support and the staff responses had been responsive as well.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 12, 2018
    • Standard Chartered Bank Personal Loan
      "Service is bad"
      0.5 1.5/5 "Bad"
      Bank is good with you until our loan is processed. After that they don't take requests seriously. Closure of loan takes 15days just to initiate the process. Ridiculous. On asking over email, they just delaying the response. Not a very good experience overall.
      Was this review helpful? 1
      , pune
      Reviewed on Jul 04, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The process in getting the loan has been very good and there has not been any issues faced with them so far. The loan amount which they had given has been satisfactory and also the interest rate with them also had been very good as well. There has not been any issues faced with the services of them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 29, 2018
    • Standard Chartered Bank Personal Loan
      "Very convenient"
      0.5 4.5/5 "Excellent!"
      I don't find any difficulties while purchasing the personal loan. They have provided the interest rate of 11.24% which is very comfortable for me. I have applied the loan amount of 9 lakhs. I'm not aware of the processing fee. The documentation process is pretty. I used to make the EMI through ECS
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 28, 2018
    • Standard Chartered Bank Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I have approached STANDARD CHARTER Bank for a personal loAn. I have canceled my application since they said that the process will taken time and they cannot deliver than loan with the committed time . The loan amount was 5 lakhs and the given interest rate as very high .I am not satisfied with the customer service and responses .
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 27, 2018
    • Standard Chartered Bank Personal Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with STANDARD CHARTERED Bank. The amount was 5 lakhs and the given interest rate was satisfactory and the tenure period was 1 year . The customer service and response was good. They haves sanctioned the loan with the committed time and the processing fee was also nominal.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 26, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from the Standard chartered bank for 3.75 lakhs which i have applied through mobile banking which instantly got approved . Am satisfied with the rate of interest which they have provided . They charged nominal charges for processing fees with the tenure period of 2 years . Am overall satisfied with their customer service and response.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 26, 2018
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