Multiple banks. Different interest rates. Call it a "conflict of interest".
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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 2698 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.

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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.

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  • Personal Loan Reviews

    • Standard Chartered Bank Personal Loan
      "Customer friendly"
      0.5 4.0/5 "Great!"
      I am very glad with Standard Chartered service, because they gave me nominal interest for the personal loan and also with pre closure and part payment option. But loan disbursement little got delay, they committed one week of time to disburse the amount but they released in ten days.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 18, 2017
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      My bike loan is in process at present, so that was the reason Standard Charted Bank has closed my personal loan application. The customer service is fine with Standard charted. They have given me immediate update in regards to my personal loan application. I told that I can provide my 1 year Salary slip to the bank and I have requested them to approve my loan, but they told that they can't approve the loan as per the bank criteria.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 18, 2017
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The Standard Charted executive who was looking after my application is not ware about the process and they have promised me that they can issue the loan with 1 tenure but they have approved for 2 years tenure . The customer service needs to be more transparent when it comes to their service. The SCB needs to fulfill their promises.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 18, 2017
    • Standard Chartered Bank Personal Loan
      "Smart Banking"
      0.5 4.0/5 "Great!"
      I have salary account with Standard Chartered for last six years, they charged nominal rate of 11.5% but I didn't corporate interest rate from them. My principal amount was around Rs.2.5 lakhs for the tenure of five years its fine. But Standard Chartered would have give some better interest rate for an existing customers.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 18, 2017
    • Standard Chartered Bank Personal Loan
      "Need Improvement"
      0.5 3.0/5 "Satisfactory"
      The Standard Charted Bank gave a call and explained me about the product and the professionalism is missing with SCB,. The customer service need to more attentive with SCB and they need to be keen on their service. They have closed the application without any intimation,. The transparency need to be improved with SCB bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 17, 2017
    • Standard Chartered Bank Personal Loan
      "Dissatisfactory with Standard Chartered"
      0.5 1.0/5 "Really Bad"
      Standard Chartered bank least bother about customer, before the loan disbursement I have submitted all my documents for the ECS process, but they didn't work on it. My first EMI date on 10th of august, I called on 9th to them to confirm about ECS clearance they were telling me I have not submitted any papers for ECS payment. But I have proof of postal delivery documents, then I escalated it, finally I got a confirmation from next month onwards it gets debited automatically from my account. But I don't have interest to continue further with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Standard Chartered Bank Personal Loan
      "Good Process"
      0.5 4.0/5 "Great!"
      Customer service of Standard Chartered Bank was good during the personal loan process. But I face small problem with them on EMI payments. I done with ECS mandate for the EMI payments but still they did not charge. And I am struggling with them. SCB offered a good interest rate for my personal loan.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 17, 2017
    • Standard Chartered Bank Personal Loan
      "Good Service but interest rate is little high"
      0.5 4.5/5 "Excellent!"
      When it comes to the rate of interest for my personal loan, I cannot say that I am 100% satisfied actually it is 50%. Because after I committed with Standard Chartered Bank for the personal loan, I got good deals from multiple bank where they are ready to offer the loan with low interest rate. But the customer service is good with SCB.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 17, 2017
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 1.0/5 "Really Bad"
      Standard Charted Bank executives told that my credit score is low,so that was the reason they have closed my application but I am sure that my credit score above 800 . The transparency need to be improve with SCB. The rate of interest is nominal which was about to offer by Standard Charted Bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Standard Chartered Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I really appreciate the efforts taken by SCB when they offered the personal loan for me. The process was too quick it was fast process intact. They came all the way to my office to collect the documents The offer on the rate of interest was good too. It was of 12%. There was a zero processing fee and the tenured I have taken for a year
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 17, 2017
    • Standard Chartered Bank Personal Loan
      "Moderate Service"
      0.5 3.5/5 "Pretty good"
      The only thing which was disturbing me is, Standard chartered bank has no online facilities. For everything we need to do manually, I meant to say, no options to upload the documents online. I had to submit the hard copies. Nowadays people does not carry paper works Moreover, after disbursement, I did not receive any kind of communication from the bank for EMI payment. They are not updating and not providing any reminder mails or messages. But interest rate is nominal.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Standard Chartered Bank Personal Loan
      "Good but delayed service"
      0.5 4.0/5 "Great!"
      I had to struggled a lot in order to get the loan approval especially for loan disbursement. For loan disbursement alone, Standard chartered bank took around two weeks of time. It would be a great hep if the bank provides any personal contact numbers to do follow up calls to get to know about my personal loan application status. I openly say that I had received a delayed response from SCB for my personal loan. Interest rate is some what ok and processing fee was good as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent customer service"
      0.5 5.0/5 "Blown Away!"
      Response was appropriate when it comes to SCB Personal loan. There was one guy, he was very much helpful he called and took my information and he was taking care of the entire process. Co-ordination part was excellent, he gave the next steps and he proactively gave all the information.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 17, 2017
    • Standard Chartered Bank Personal Loan
      "Could provide follow up calls"
      0.5 4.0/5 "Great!"
      It was a good experience with Standard Chartered Bank for the personal loan. But there was no proper inquiry mechanism, I did not have a contact number to call them to check on the status. After I tried the executives number who collected my paper work, I would get a call from the bank after a day or two. Since I was also getting offers from other banks simultaneously, I was in confusion to go ahead or not. Apart from this, everything was fine with the bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Standard Chartered Bank Personal Loan
      "User friendly service"
      0.5 4.0/5 "Great!"
      There was no processing fee for the personal loan in standard chartered bank it is great. Meanwhile I felt rate of interest high. I took amount of Rs.2.83 lakhs with the tenure of three years. Standard Chartered documentation process was quite good and its was hassle free.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Standard Chartered Bank Personal Loan
      "Prompt service"
      0.5 4.0/5 "Great!"
      My profile was not eligible to get the personal loan from Standard Charted Bank so that was the reason I haven't processed with Standard Charted Bank personal loan . The rate of interest was low when compared with others. I would say prompt service from SCB .
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 16, 2017
    • Standard Chartered Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I got an immediate response in concern to my personal loan with Standard Charted bank. They have disbursed my personal loan aftre 3 weeks of time there a delay in the documentation part. The rate of interest offered by them was 11%, when compared with the others tis is fine. The expected loan amount I have got a tenure of 5 years and EMI is around 6000 rupees approximately.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 16, 2017
    • Standard Chartered Bank Personal Loan
      "Simple Process"
      0.5 4.0/5 "Great!"
      The entire loan process was very simple and went good with Standard Chartered Bank. Especially they provided a very good customer service and they are very responsive. I had not received any problem or challenges from the bank for my loan process.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 16, 2017
    • Standard Chartered Bank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I am not fine with foreclosure charges for personal loan in Standard Chartered bank it was not suitable for me. Because my requirements for short term I may close the loan at any time hence I thought not to process with Standard Chartered. But service wise they are good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with Standard Chartered bank, I got my personal loan through without any hassles. The customer services was prompt as I was contacted on time and the team was responsive when ever I reached out to them. The interest rate was around 11% and the processing charges was waived off.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 16, 2017
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