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    We found 1 Standard Chartered Personal Loan Calculator

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    10.99% - 14.49% Fixed
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    30L Max
    1-5 years
    Response Time Within 30 minutes
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    Standard Chartered Personal Loan Calculator is Rated as "Great!" by 2532 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.

     Standard Chartered Personal Loan Offers

    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
      "Looking for better feature"
      0.5 3.0/5 "Satisfactory"
      Standard Chartered customer service is good, when I applied for the personal loan they called and collected my documents. They done a verification process over the phone call but they have not visited my place to verification. Loan process got delay, Then I almost waited for two weeks, the time which they committed to disbursed the amount, I did not receive it and finally my application got closed.
      Was this review helpful? 0
      , noida
      Reviewed on Jun 23, 2017
    • Standard Chartered Bank Personal Loan
      "Satisfactory service"
      0.5 4.0/5 "Great!"
      SCB took around a week's time to disburse my personal loan. Both customer service and response e was really good with SCB. I initially approached online and later changed the channel and I got the loan through some other channel. Rate of interest is very much nominal with SCB. The required loan amount was disbursed by SCB and I am very much happy about it.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 23, 2017
    • Standard Chartered Bank Personal Loan
      "Dissatisfied service"
      0.5 1.0/5 "Really Bad"
      First time I received a call from Standard chartered and they visited took my document from me. Then there was no response from Standard chartered end, their customer service is very bad, after getting my documents they didn't communicate anything about the application status.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 23, 2017
    • Standard Chartered Bank Personal Loan
      "No response"
      0.5 1.0/5 "Really Bad"
      I did not go ahead with Standard Chartered Bank because I received a call only once and they clarified my details and were to come over and collect my papers. But no one turned up and it has not been a good experience. No information on the interest rate and charges.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 23, 2017
    • Standard Chartered Bank Personal Loan
      "Its Better"
      0.5 5.0/5 "Blown Away!"
      I had been travelling out of country, I don't have time to go head for further process with Standard Chartered. Hence I inform to the bank to process my loan during the month of July. Therefore my personal loan application got closed. So far I didn't face any issues with them till date.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Jun 23, 2017
    • Standard Chartered Bank Personal Loan
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      Everything is perfect with Standard Chartered bank for the personal loan. I go the loan within four days and they interest rate was around 11.99% with a zero processing charge. The customer services was excellent too. The only drawback is the first month EMI has not been deducted as promised from my personal bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 23, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Experience was good with the Standard chartered bank to get the personal loan. Service aspects are really good. The loan amount got disbursed to my account within a week of time. Services are really fine one for me but the branches are lesser one with them. Rate of interest was not at all the constraint, also I can say it was good one.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 22, 2017
    • Standard Chartered Bank Personal Loan
      "Be more clear in details"
      0.5 4.0/5 "Great!"
      The overall experience was good and quick. But there was a lacking of clarity as I did not know the loan account number for a long time and there was no point of contact as well. The rate of interest was of 11.99% with a zero processing fees. SCB needs to be more transparent in the personal loan details.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Jun 22, 2017
    • Standard Chartered Bank Personal Loan
      "High on ROI & charges"
      0.5 3.0/5 "Satisfactory"
      The response was on time from Standard Chartered Bank after I applied for a personal loan. The team informed me about the details and the process. I did not go ahead because they offered me a higher rate of interest and the other charges was high too. I was offered a rate of 12%.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 22, 2017
    • Standard Chartered Bank Personal Loan
      "Lock period should be avoided"
      0.5 4.0/5 "Great!"
      There was two issues with Standard Chartered, they have a locking period of one year and they taking some charges for the preclosure. I am not fine with that process. Hence I refused to process my personal loan with them but their response is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Standard Chartered Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      When compared with Standard Charted Bank, I got a better offer with other bank with the better terms and conditions, so that was the reason I haven't proceed with SCB personal loan. The customer service with Standard Charted bank is average, when compared with others. The SCB need to work on the terms like pre-payment and the loan conditions in futures. I would say, it was average service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Standard Chartered Bank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      The whole process of Standard chartered bank was smooth. From the beginning till the end of the disbursement, I had no issues. The documents were collected on time. I got a rate of interest of around 12% and the processing charges was a zero fee on my personal loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Standard Chartered Bank Personal Loan
      "Loan policy should be changed"
      0.5 1.0/5 "Really Bad"
      I am holding salary account with Standard Chartered, Every month Rs.70,000 gets credited in my account. But they have not consider my transaction, they simply rejected my loan application. I recently I joined in new office, they offered me SCB salary account. But they were six months of bank statement, I am unable to provide hence they rejected it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 21, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      Rate of interest was around 11.5% with the Standard chartered bank for the personal loan. Within ten days of time, the loan amount got disbursed and the customer service is an excellent one and I have not faced any hiccups with them till now. Processing charges were nil with them.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 21, 2017
    • Standard Chartered Bank Personal Loan
      "Average "
      0.5 2.0/5 "Expected more"
      Standard chartered bank confirmed, that they cant process the application because of their terms and conditions. They took their own time to provide the response for my personal loan application. I would like to suggest that they could be more responsive too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 21, 2017
    • Standard Chartered Bank Personal Loan
      "It is good"
      0.5 4.0/5 "Great!"
      I had received a very good response from Standard Chartered Bank with regards to my personal loan application. But due to location constrains, they were unable to provide the loan. Otherwise, I had no issues with the bank. Later, I had to close my loan application.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Jun 21, 2017
    • Standard Chartered Bank Personal Loan
      "Its excellent"
      0.5 5.0/5 "Blown Away!"
      I was out of city when I applied for the personal loan in Standard Chartered because of that reason my loan got closed. But they have called me and informed about the process,they are providing the interest rate based on the corporate norms, I am fine with that.
      Was this review helpful? 0
      , surat
      Reviewed on Jun 20, 2017
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      Experience was good one with the Standard chartered bank for the personal loan. I took around two weeks of time to get the disbursal , also the processing charges were nil one with them. Rate of interest was good one with them and I don't have any issues with them till now.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2017
    • Standard Chartered Bank Personal Loan
      "High Interest Rate"
      0.5 4.0/5 "Great!"
      Standard Chartered bank was good in response when I approached them for the personal loan. But at that time I had received lower rate of interest with some other bank, hence I did not take the loan from SCB. Interest rate is little higher with SCB.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 20, 2017
    • Standard Chartered Bank Personal Loan
      "Should maintain proper communication"
      0.5 3.0/5 "Satisfactory"
      I am really worried about their customer service response, whatever they committed not fulfilled. There was no direct no to reach them on loan process. My first loan EMI suppose to be deducted on 10th june, still EMI not deducted. I already raised a complain regarding this but there was no revert.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 19, 2017
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