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    We found 0 Standard Chartered Personal Loan Eligibility
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    Personal Loan BYTES FROM OUR KITCHEN

    Standard Chartered offers a Personal Loan for all of your personal requirements. You can use the loan for your child's higher education, to purchase consumer durables or a personal computer, a car or a two wheeler, to meet the expenses of family functions like weddings, christening, etc., to go on a vacation, to consolidate your existing debt into a cheaper debt - or to make just about any personal payment.

    Standard Chartered Bank provides personal loan starting from Rs.1 lakh to Rs.30 lakhs depending on the eligibility, income and repayment capacity. The borrower can repay the loan over a period of 12-60 months. He need not provide any collateral. No guarantor is required to obtain the loan.

    Standard Chartered Bank Personal Loan Eligibility for Salaried and Self-employed Applicants
    Particulars Salaried Self-Employed
    Age (Min-Max) 21 to 60 years 21 to 60 years
    Income Rs.22,000 per month (minimum) -
    Guarantor Not required Not required
    CIBIL Score 750 and above 750 and above
    Minimum Loan Amount Rs.1 lakh Rs.1 lakh
    Maximum Loan Amount Rs.30 lakhs Rs.10 lakhs (for entrepreneurs)
    Minimum Loan Tenure 1 year 1 year
    Maximum Loan Tenure 5 years 5 years
    Interest Rate 11.99% onwards 11.99% onwards
    Processing Fee Up to 3% Up to 3%
    Prepayment Charge After 12 EMIs, 5% of principal outstanding + Service Tax After 12 EMIs, 5% of principal outstanding + Service Tax

    Factors affecting Standard Chartered Bank Personal Loan Eligibility

    There are many factors that affect the applicant's’ eligibility. Banks prefer to give loans to those who are capable of repaying the loan and who do not default on making the payments. Some factors that affect an applicant’s eligibility are:

    • Residence: Individuals living in metro cities are given a personal loan easily. Standard Chartered gives preference to those who have their own home than compared to those living in a rented flat. That is because those who have their own home will not have an additional financial burden of paying the rent and he will have a higher disposable income.
    • Income: The level of income indicates how much you are capable of repaying the loans and paying the EMIs. This affects the total loan amount that will be sanctioned to you. If your income is higher, the higher are your chances of getting a bigger amount loan.
    • Age: If you are too young, the banks will hesitate to give you a loan as there is a higher chance of the applicant shifting the job. The banks prefer those who have stability in work life.
    • Employment status: An applicant who has stayed in a company for a longer period will get higher preference. It shows stability of income and the bank can be assured that the applicant is having constant cash flow to pay the EMIs.
    • Other loans taken: If the applicant already has some other loans, then the chances of him getting a personal loan from Standard Chartered Bank is lower unless he has a higher range of income. The bank will not provide another loan as it will be a burden for the applicant to afford multiple EMIs. He may find it difficult to pay off the debt and default on making the payments.

    How CIBIL score affects your Standard Chartered Bank Personal Loan Eligibility?

    When an applicant applies for a loan with Standard Chartered Bank, the bank runs a credit check on the applicant. If the CIBIL Score is above 750, the bank will further consider your application and go through your credit report.

    The bank will check your credit report and take into consideration the loans that you have taken previously and closed. It will check the credit payment history to check how efficiently you have repaid the loan and if you have defaulted in making payments. It also considers the types of loans (secured and unsecured loans) you have taken.

    If you have agreed to settle for a loan due to certain financial constraints, then it gets recorded in the credit report and stays in the report for 6 years. The settlement of the loan is considered as a negative remark and hence the Standard Chartered Bank might not offer you a personal loan as they might be unsure about your capacity to repay the loan.

    How to increase Standard Chartered Bank Personal Loan Eligibility?

    You can do the following to increase Standard Chartered Bank personal loan eligibility:

    • Maintain a good credit history: Be sure to pay all your EMIs on time and that you don’t default making payments. Find ways to increase your CIBIL score and never agree for a settlement, find other ways to pay back the loan.
    • Get lower EMIs on existing loans: If you are able to, refinance your existing loan for a lower interest rate or extend the tenure of the existing loan. This can reduce the EMIs each month and ensure that you do not miss out on making payments.
    • Prepayment: If you have lesser EMIs left on any loan, then prepay them and close the loan. The applicant will then have a higher disposable income, and stand a chance of getting a higher amount loan.
    • Have both secured and unsecured loans: Have a mix of both the types of loan. Build equal credit and asset. Secured loans are looked at favourably and increases your eligibility.
    • Don’t apply for too many loans: If you are in need of a loan, then don’t apply at all the banks as they will all then run a credit check which gets recorded in your credit report. This will also look bad on your report and affects your credit score.
    • Don’t have too many credit cards: Having too many credit cards is also unfavourable. Though you may not have used up all the credit on the cards, it will considerably lower your overall credit limit.

    FAQs on Standard Chartered Bank Personal Loan Eligibility

    Q. What are the age limits required for a salaried individual to take a Standard Chartered Bank personal loan?

    A. Applicant must be at least 22 years old but not more than 58 years of age.

    Q. Is there a minimum income requirement for a salaried applicant?

    A. Yes, the applicant's net monthly salary must be a minimum of Rs.22,000.

    Q. Should I be submitting any identity and address proof?

    A. Yes, the applicant must submit valid ID proof like passport, pan card, driving license, voter ID and ration card with photo.
    He must also submit address proof like passport, telephone bill, ration card, electricity bill, driving license, life or medical insurance policy, rental agreement, apartment allotment letter.

    Q. What is the minimum and maximum loan sanctioned by Standard Chartered Bank?

    A. The minimum amount sanctioned towards personal loan is Rs.1 lakh and the maximum amount is Rs.30 lakhs.

    Personal Loan Reviews

    • Standard Chartered Bank Personal Loan
      "Need to improve the service"
      0.5 1.0/5 "Really Bad"
      I took a personal loan in Standard Chartered Bank in the year of 2004 or 2005. The interest rate was nominal. The customer service is not upto the mark. Actually my company has to pay this loan, I have utilized the OD facilities but due to some issues. Unfortunately have paid the loan recently in 2018.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 12, 2019
    • Standard Chartered Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It was an excellent experience i had with this loan where the process in getting this loan had went seamless. The loan amount which they had provided was sufficient and the interest rate with them has been quite nominal as well. The processing fee with this loan was nominal as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 12, 2019
    • Standard Chartered Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I had been holding my personal account with Standard chartered bank, i have been taking this loan in year of 2016, now i have closed the loan ,and the rate of interest they have charged me was nominal , that point of time they have charged me nominal rate of interest according to the market value, their service was good, they had been charging processing fee or not i have no idea. The loan amount they have given me was sufficient.their was zero pre-closure. but one thing is bit issue i felt, even i want to suggest that if i want to close the loan then they should provide in net banking it self.like to close the loan i need to visit the Branch for that.
      Was this review helpful? 0
      , pune
      Reviewed on Feb 11, 2019
    • Standard Chartered Bank Personal Loan
      "Good Card"
      0.5 5.0/5 "Blown Away!"
      I was looking for a personal loan and i applied with Standard charted as i carry a salary account with Standard charted. There was not much documentation and my application was processed on time. The interest rates were reasonable.I am happy with the overall services and
      Was this review helpful? 2
      , new delhi
      Reviewed on Feb 07, 2019
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      STANDARD CHARTERED BANK has also offered me a personal loan. The process was quick and I got the loan on time. The rate of interest is and there were processing charges as well both are very nominal compare to others in the market . The tenure period is 20 year and it is sufficient .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 07, 2019
    • Standard Chartered Bank Personal Loan
      "Interest rate should be standard"
      0.5 5.0/5 "Blown Away!"
      Before three years I took personal loan from Standard with the interest rate of 10.49% for the tenure period of 12 months, the representative visited to my place and collected the documents. The interest rate is huge, any way I prefer only HDFC and ICICI bank. Because Standard Chartered has the processing fee.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Feb 01, 2019
    • Standard Chartered Bank Personal Loan
      "Good in all"
      0.5 4.0/5 "Great!"
      I have a personal loan with Standard Chartered Bank and the process for the loan was done on time. I had no hassles to get the loan and the rate of interest and processing charges was nominal too. The documents was collected on time and in all no hassles.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 31, 2019
    • Standard Chartered Bank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan earlier with Standard Chartered Bank. The customer support and response is good and I also received the loan on time and as per my requirement. The rate of interest and processing charges was nominal and the after loan services are good too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 29, 2019
    • Standard Chartered Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The experience with this loan was quite good and the loan amount which they had provided has been sufficient as well. The interest rate with them has been nominal with the market rate and there was no extra charges which they had made so far and their customer support response has also been quite good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 28, 2019
    • Standard Chartered Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I took my personal loan with standard chartered bank. The loan amount they have given me was sufficient,and the rate of interest, they have charged me was up to 10% ,which is nominal compare to market value , and the processing fee which they have given me was nominal, still this loan is running,and they have not charged me any hidden charges.
      Was this review helpful? 3
      , pune
      Reviewed on Jan 27, 2019
    • Standard Chartered Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience was good with SCB, the loan amount was sufficient and the rate of interest was nominal when compared to other banks. Customer service was good and they followed up on time. Tenure period for this loan is for 5 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 26, 2019
    • Standard Chartered Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It was quite a good experience i had with this personal loan where the process in getting this loan was simple. The loan amount was fine and the interest rate with them was also nominal. There was no additional charges which they had made so far.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jan 22, 2019
    • Standard Chartered Bank Personal Loan
      "Quick processing and Good services"
      0.5 4.0/5 "Great!"
      Standard Charted bank service is really fine. The interest rates are little bit higher part. They have sanctioned the loan on time. They are providing a pre-closure and partial payment with some charges. I can able to pay the partial payment upto certain limitation. They do have a top up facility.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 21, 2019
    • Standard Chartered Bank Personal Loan
      "Services are good"
      0.5 5.0/5 "Blown Away!"
      I had taken a personal loan from Standard Chartered Bank. The process is good and it is also fast. They immediately approved the loan. The rate of interest is of 14% and the processing charges was around 6k. The customer services and response is fine.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 12, 2019
    • Standard Chartered Bank Personal Loan
      "Unhappy with the services"
      0.5 2.0/5 "Expected more"
      It has not been a up to the mark experience with Standard Chartered bank for the personal loan. I would suggest that they should work on their services to retain long term customers. If there is a delay in payment there are charges being taken though the delay happens on a seldom basis.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 10, 2019
    • Standard Chartered Bank Personal Loan
      "Its satisfactory on the loan and disbursement"
      0.5 5.0/5 "Blown Away!"
      I have other personal loan with Standard Chartered, I am having salary account with them. Therefore the bank gave me lower interest, even the customer care is very prompt they work for 24/7 days. The loan amount got disbursed within three days of time without any documents.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jan 05, 2019
    • Standard Chartered Bank Personal Loan
      "BETTER"
      0.5 4.0/5 "Great!"
      I am taken the personal loan with the STANDARD CHARTED BANK since from past 2012 where the service is very good also the rate of interest is very lower so i am continuing with this bank and i have been taking the top up loans. The rate of interest is 11.49%.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 12, 2018
    • Standard Chartered Bank Personal Loan
      "Good credit card"
      0.5 4.0/5 "Great!"
      I can easily convert the purchasing amount into emi options through online, I am holding life time free credit ca rd, the limit of the card is fine, the accessibility is good and easy to use across the India. The customer support will give reminder call before the due date.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 10, 2018
    • Standard Chartered Bank Personal Loan
      "Its Excellent"
      0.5 5.0/5 "Blown Away!"
      I am an existing customer, they gave me the interest rate around 12% its very fine for me, they gave me flexible tenure period, the process was convenient within 2 to 3 days they have sanctioned the amount, they have part and pre closure options.
      Was this review helpful? 2
      , chennai
      Reviewed on Dec 10, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with STANDARD CHARTED BANK , the tenure period is 3year . The interest rate with them has been nominal and was quite good. Their customer support has also been good and they had been helpful at times. They gave the option of preclosere with this .
      Was this review helpful? 1
      , gurgaon
      Reviewed on Nov 26, 2018
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