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  • Standard Chartered Personal Loan Calculator is Rated as "Great!" by 3367 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
      "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? 0
      , 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
    • Standard Chartered Bank Personal Loan
      "Fine banking with Standard chartered. "
      0.5 4.0/5 "Great!"
      Their are lots of issues in standard chartered phone banking services. It is taking more time to talk that the problem with that. They have offered me a personal loan amount of 3 to 5 lakhs. I have applied for 3 lakhs and after that i have taken a top up of 2 lakhs. They charged me a 12% as interest rate and 1.5% as processing fee. So far i have not come across of any hidden charges and all.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 25, 2018
    • Standard Chartered Bank Personal Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting the loan has been very good and the loan amount which they had given had been good as well. The interest rate with them had been okay and the customer support also had been helpful as well. There has not been any issues faced during the whole process or with their services.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 25, 2018
    • Standard Chartered Bank Personal Loan
      "Very Good Service"
      0.5 4.5/5 "Excellent!"
      The process in getting the loan had been easy and the loan amount which they had provided had been satisfactory as well. They had been having a very good interest rate and there has not been any kind of issues faced with any of the banking services or during the whole process.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 25, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      It had been a very good experience with them and the process in getting loan has been very easy and the loan amount has been satisfactory as well. The interest rate with them has been very good as well. There has not been any issues faced with any of the services which they had provided so far.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 20, 2018
    • Standard Chartered Bank Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      Customer service is good one and the response is on time for the personal loan with the Standard chartered bank. Rate of interest is around 11%. I am happy with them as such, also I dont have any issues with them as such.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 20, 2018
    • Standard Chartered Bank Personal Loan
      "Wonderful"
      0.5 4.0/5 "Great!"
      Rate of interest is around 11.49% for the personal loan with the Standard Chartered bank. Customer service is good too with the Standard Chartered bank. Everything is better one with them till now. All of the aspects are better one with the Standard chartered bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 19, 2018
    • Standard Chartered Bank Personal Loan
      "Okay"
      0.5 3.0/5 "Satisfactory"
      Rate of interest is around 11.9% for the personal loan with the Standard chartered bank. Processing charges were nil and the loan amount got disbursed within twenty to twenty five days of time. Everything is better one with the Standard chartered bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 16, 2018
    • Standard Chartered Bank Personal Loan
      "One of the best "
      0.5 4.0/5 "Great!"
      Customer service is good one and the response is also good too, also its on time. I am happy with the Standard chartered bank and the rate of interest is around 11%. Everything is better one for me with the Standard chartered bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 08, 2018
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with STANDARD CHARTERED bank.The process was very smooth and the loan amount 2 lakhs . The processing fee was nominal. The customer service and responses was up to the mark. They have provided door step service for collecting documents.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 07, 2018
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with STANDARD CHARTER BANK. The loan amount was 2 lakhs and the given interest rate was 11.99% which is average . The process was very good and they have sanctioned the loan with the committed time. The processing fee was nominal .
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 07, 2018
    • Standard Chartered Bank Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      I have taken a Personal Loan from Standard Chartered Bank, the experience was good, the processing was done on time, everything was taken place smoothly. Only issue that I have seen so far is the rate of interest which is high, except that I have no other issues.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 06, 2018
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      Previously I have taken a personal loan from Standard Chartered bank, the experience I had with them was good, the processing of the loan amount was done on time, which I appreciate, even though the rate of interest was bit high, I was satisfied with the over all process that took place.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 05, 2018
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with STANDARD CHARTER BANK. The loan amount was 4.53 lakhs and the interest rate was 11.99% which is satisfactory and the tenure period was 5 years . The customer service and responses was good. The process was very good and they have sanctioned the loan with the committed time,.
      Was this review helpful? 1
      , pune
      Reviewed on Jun 05, 2018
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