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  • Standard Chartered Personal Loan Calculator is Rated as "Great!" by 3340 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
      "Quick process"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Standard Chartered Bank and the process to get the loan was good. It was quick and there was no documents required. The rate of interest and processing charges is also normal. I had no hassles and I am happy with the process.
      Was this review helpful? 0
      , chennai
      Reviewed on May 22, 2018
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The standard chartered Bank offered me the personal loan with the high interest rate. The information which I got from them was wrong. The customer support service and the response is average with the Standard charted. The rate of interest is getting fixed as per the customers requirement.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 11, 2018
    • Standard Chartered Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The experience was good in taking a personal loan from them. I have taken this almost two years back. But the interest rate was pretty high during the time took the loan which was almost 14%. Other than that they had provided me a good service overall.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 02, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan experience with SCB was very good, the loan amount was based on my requirements and the rate of interest was nominal when compared to other banks. The process took more than 2 weeks to complete as document verification took long time. The tenure period of this loan is 5 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 26, 2018
    • Standard Chartered Bank Personal Loan
      "Personal loan with Standard Chartered Bank"
      0.5 4.0/5 "Great!"
      I have taken personal loan from Standard Chartered Bank and the approved loan amount was 4 lakhs. The rate of interest for the loan amount is 13.75 % and the monthly EMI is 12750 for 5 years. There was no processing fee or charges. They dont have any charges for pre closure and part payments.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 25, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The STANDARD CHARTERED BANK has offered me the personal loan and I have got it within a week time. The rate of interest and the charges are average with the STANDARD CHARTERED BANK personal loan process, I would say I am satisfied with the service I got.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 23, 2018
    • Standard Chartered Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I had a wonderful experience with Standard Chartered bank for personal loan, the process was quite long and it took more than 15 days to disburse the loan amount. I have taken loan for Rs 2.5 lakhs for 2 years with nominal interest rate when compared to other banks. Documents were collected on time and the customer service was good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 16, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The personal loan service took around 2weeks time by the standard charted bank. The customer support service is good with the Standard Charted Bank, The rate of interest and the charges are average. The required loan amount has been given and I am satisfied with it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 16, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      Standard Chartered bank provided a good service on personal loan, the process was smooth and i received my loan amount within 10 days. The loan amount was based on my requirement with nominal interest when compared to other banks. The tenure period of this loan is 5 years and the customer service was very good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 14, 2018
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The STANDARD CHARTERED BANK has disbursed my personal loan quickly but after the disbursement the response was quite low with the STANDARD CHARTERED BANK , they have approved and disbursed the required loan amount.The rate of interest is average when compared with other loan providers.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 12, 2018
    • Standard Chartered Bank Personal Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      The service which I got from the STANDARD CHARTERED BANK was good and they were prompt in their response part. I have got the loan amount within 15 days of time. The customer support service is good with the Standard charted bank . Their executives came to my place to collect the documents on right time.
      Was this review helpful? 0
      , pune
      Reviewed on Mar 26, 2018
    • Standard Chartered Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The personal loan service was good from the STANDARD CHARTERED BANK, they were up to the mark and whatever they have promised they have fulfilled the promises, The customer support service is good with the STANDARD CHARTERED BANK, the rate of interest and the charges are lowest what I got via online financial portal.
      Was this review helpful? 0
      , new delhi
      Reviewed on Mar 24, 2018
    • Standard Chartered Bank Personal Loan
      "Nice Experience"
      0.5 4.0/5 "Great!"
      It was a good experience with Standard Chartered Bank for the personal loan and they were on time to contact me and collect my documents. The process was smooth. The rate of interest is around 11.49% and the processing charges is 1885. The after loan services are good too.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 24, 2018
    • Standard Chartered Bank Personal Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from SCB and the process is good and it was on time. The paper work process was also timely and it was a smooth experience. The rate of interest was of 11.25% and processing charges zero. It was the same to what was informed to me initially.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 24, 2018
    • Standard Chartered Bank Personal Loan
      "Good, can do better"
      0.5 4.0/5 "Great!"
      Overall I would say it was a good experience with SCB for the personal loan as I got the loan as per my requirement. The rate of interest was around 12% and the processing fees was around 1800. But there was a delay in the loan as it took 20days. When the executive came over to collect the documents from my door step. I was not available. I had to visit the branches thrice to submit the documents.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Mar 24, 2018
    • Standard Chartered Bank Personal Loan
      "Overall good"
      0.5 4.5/5 "Excellent!"
      Standard Chartered Bank provided the personal loan and I got it on time. But there were issues with the documents. I had to submit it twice. After which I got the loan in 12 days. The rate of interest and processing charges is normal. There are no hassles in that.
      Was this review helpful? 0
      , pune
      Reviewed on Mar 23, 2018
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the personal loan with Standard Chartered bank, my loan application was approved and it was a very good experience. The loan amount was for Rs 2.5 lakhs with rate of interest of 12% which is high when compared to other banks. Customer service was good and the tenure of this loan is 3 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 23, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan application was approved with Standard Chartered Bank and my experience was good. The process was smooth and i received my loan amount within 10 days. Customer service was good and they collected documents on time. The loan amount was for Rs 5 lakhs with nominal interest rate and the tenure period of 5 years.
      Was this review helpful? 0
      , pune
      Reviewed on Mar 23, 2018
    • Standard Chartered Bank Personal Loan
      "Not bad"
      0.5 3.5/5 "Pretty good"
      I got the personal loan from the STANDARD CHARTERED BANK around 2 years ago. The requested loan amount was approved but I have got lesser amount than my expectation. The rate of interest and the charges are average with the STANDARD CHARTERED BANK personal loan service.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 21, 2018
    • Standard Chartered Bank Personal Loan
      "Process is good"
      0.5 4.0/5 "Great!"
      My personal loan is with Standard Chartered Bank. I was told that the loan will be disbursed in seven days. But it took 15 days for me to get the loan. The document collection was on time but the processing has taken time. The rate of interest was of 11.99% and the processing charges is zero. I got the loan amount as needed.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 21, 2018
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