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

    We found 1 Standard Chartered Personal Loan Calculator

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Ad
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    Standard Chartered Personal Loan Calculator is Rated as "Great!" by 2448 Users

    Personal Loan BYTES FROM OUR KITCHEN

    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.

    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
      "Good services"
      0.5 4.0/5 "Great!"
      Since I had to travel out of the country, I did not proceed ahead for the personal loan with Standard Chartered Bank. They did contact me a couple of time for the loan. The rate of interest was low but not the lowest, it was around 11.49% and the processing charges were normal.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 27, 2017
    • Standard Chartered Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Standard chartered bank has approached me for the loan. The interest rate is of 12.5% which is very nominal and the processing fee is around 900 rupees. The services are very quick and it is recommendable. They promptly processed the loan and they had completed the process on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 27, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      Before two to three years of time, I got the personal loan with the Standard chartered bank and the charges are nominal one with them, also the rate of interest was around 14% to 15%. The loan amount got disbursed within ten days of time and the foreclosure, partial payment charges are nil with them.
      Was this review helpful? 0
      , chennai
      Reviewed on May 26, 2017
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am having the personal loan with the Standard cahrtered bank and the rate of interest rate is fine one with them and I got the loan amount within twelve days of time, also I do have the pre approved loan with them always because I am using their credit card.
      Was this review helpful? 0
      , jaipur
      Reviewed on May 26, 2017
    • Standard Chartered Bank Personal Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      Past two to three months, my salary wasn't credited in my account, my company gave by cash. Hence Standard Chartered bank have rejected my loan application. I am happy about their rate of interest is good and they gave me very good service on loan part.
      Was this review helpful? 0
      , chennai
      Reviewed on May 26, 2017
    • Standard Chartered Bank Personal Loan
      "Average"
      0.5 2.0/5 "Expected more"
      I had applied for a personal loan with Standard Chartered Bank and it has not been a very good experience.The bank did not respond to me on time and there has been a complete zero response from the bank.Initially I received call once from them.
      Was this review helpful? 0
      , jaipur
      Reviewed on May 26, 2017
    • Standard Chartered Bank Personal Loan
      "Need to Improve"
      0.5 2.0/5 "Expected more"
      I was very much disappointed with the process followed by STANDARD CHARTERED BANK I applied personal loan for 8 lakhs they have not given proper response to me regarding my loan application The Interest rates and charges are high with Standard CHARTERED comparatively. The basic customer service needs to be improved and the follow up has to be focused properly.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 26, 2017
    • Standard Chartered Bank Personal Loan
      "Nice experience"
      0.5 4.0/5 "Great!"
      Standard Chartered bank was good and on time to give me details on the personal loan. I also like the turn around time. It was a nice experience. I could not go ahead because of the changes in my personal requirement. The overall experience was good and the deal was decent on the interest rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • Standard Chartered Bank Personal Loan
      "Good service and prompt service"
      0.5 5.0/5 "Blown Away!"
      From the first day I applied for the personal loan with Standard Charted bank, I got very good response and they have made a good follow up. I have informed SCB executive, that I don't require a loan right away that was the reason I have got the loan with Standard charted bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • Standard Chartered Bank Personal Loan
      "Proactive services"
      0.5 5.0/5 "Blown Away!"
      Only because my requirement had changed that I did not go ahead with Standard Chartered Bank for the personal loan, else the bank was perfect in the services and response. The team was proactive in contacting me an giving me the details and the bank was comparatively good on the interest rate and charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 2.0/5 "Expected more"
      I haven't received any calls from standard charted bank regarding my personal loan application. The rate of interest is low, when compared with other banks. Overall I would suggest standard charted to help the customers to get the product.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • Standard Chartered Bank Personal Loan
      "Interest rate can be lowered"
      0.5 3.0/5 "Satisfactory"
      For the personal loan, Standard Chartered Bank quoted 11.99% of interest rate. The process went good with them without any hassles, I had taken the loan within seven days of time. I got proper response from SCB on my loan application. Later I came to know that CITI bank is very low in interest rate than SCB.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 25, 2017
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan application went smooth with the standard charted bank. The documentation process also went smooth. They just took around 2 to 3 days to disburse my personal loan. The rate of interest is nominal with them. Overall the service is better with Standard Charted Bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • Standard Chartered Bank Personal Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      I got good response on my personal loan from Standard Chartered bank, they have reached me and shared the loan updates. But due to my personal reason I have closed my application, I am fine with their loan process and their interest rate is nominal.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • Standard Chartered Bank Personal Loan
      "High on ROI"
      0.5 4.0/5 "Great!"
      Since I did not require the funds, I went ahead and cancelled my personal loan request at Standard Chartered bank. The bank was on time in contacting me and giving me details. The rate of interest was high, it was around 12.99% where as there are banks offering me 10.99%.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 23, 2017
    • Standard Chartered Bank Personal Loan
      "Up to the mark"
      0.5 3.5/5 "Pretty good"
      I did not got the personal loan with the Standard chartered bank due to the personal reason. Rate of interest was huge with the Standard chartered bank and the response was good one with them and I don't have any suggestion to them.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 23, 2017
    • Standard Chartered Bank Personal Loan
      "Need to be customer centric"
      0.5 1.0/5 "Really Bad"
      I did not receive any calls from the standard charted bank in regards to my personal loan application, later on I came to know that the application got canceled due to some reason, so tat was the reason I haven't got the loan with SCB, They need to be prompt and very attentive about their customers. They have to take action on the customer request in future.
      Was this review helpful? 1
      , mumbai
      Reviewed on May 23, 2017
    • Standard Chartered Bank Personal Loan
      "Have to give proper reason to customer, also need response"
      0.5 1.0/5 "Really Bad"
      I have interacted with the Standard chartered bank to get the personal loan for so many times and there were no response with them till now. At least, they can intimate me, whether it can be processed or not. I would like to suggest that they can provide the reason for not processing the loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 23, 2017
    • Standard Chartered Bank Personal Loan
      "Average experience"
      0.5 3.0/5 "Satisfactory"
      It took some time for the loan amount to be get credited to my account from Standard chartered bank . The loan amount , which I had applied was something different and finally, I got the loan amount got 2.8 lakh Rupees. There were some delay to get the loan amount and the interest rate was around 11%. Customer service and the response was an average one with the Standard chartered bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2017
    • Standard Chartered Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      It was with SCB my personal loan account was closed. They did not contact me till now and the rate of interest offered was around 14.99% and I request them to contact the customers with immediate effect especially those who are looking out for a loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 22, 2017
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