Multiple banks. Different interest rates. Call it a "conflict of interest".
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We found 1 Standard Chartered Personal Loan Interest Rates
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Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
11.50% - 14.50% Fixed
1%
30L Max
1-5 years
Response Time : Within 30 minutes
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Standard Chartered Personal Loan Interest Rates is Rated as "Great!" by 3399 Users

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Standard Chartered Personal Loan Interest Rates

Standard Chartered Bank Personal Loan Interest Rates 2018
Particulars Salaried Self-Employed
Interest rate 11.97% to 22.50% p.a. 11.97% to 22.50% p.a.
Loan Amount Max loan up to Rs 30 lakhs Max loan up to Rs 10 lakh
Loan Tenure Min.: 12 months; Max.: 60 months Min.: 12 months; Max.: 60 months
Lowest EMI Rs 1,102 (calculated at lowest loan amount taken for the maximum loan tenure) Rs 1,102 (calculated at lowest loan amount taken for the maximum loan tenure)
Processing Fee Up to 2.5% per annum of sanctioned loan amount + Applicable GST Up to 2.5% per annum of sanctioned loan amount + Applicable GST
Age Applicants must not be below 21 years of age and not above 58 years of age at the time of applying for the loan. Applicants must not be below 21 years of age and not above 58 years of age at the time of applying for the loan.
Prepayment Charges Up to 5% per annum of principal outstanding loan amount + applicable GST Up to 5% per annum of principal outstanding loan amount + applicable GST
Foreclosure Charges NA NA

How to calculate your Standard Chartered Bank Personal Loan EMI?

Thanks to BankBazaar calculating your EMIs will not be as difficult as they used to be. You can now check your EMIs and plan your repayment accordingly. Login to the website and enter the details of your loan like amount, interest rate, tenure of the loan, processing fees (if any), etc. The BankBazaar website will calculate the EMI and display a result that is simple and easy to understand.

Let’s take an example:

Ms. Michelle takes a personal loan for the amount of Rs. 1, 00, 000 from Standard Chartered Bank, with an interest rate of 13.00%. The tenure of her loan is 4 years resulting in a monthly EMI of Rs.2,683. In the table below you can see the payments on a yearly basis which Ms. Michelle pays back to Standard Chartered Bank.

Loan amortization table:

Year Principal paid (Rs.) Interest paid (Rs.) Balance amount (Rs.)
Year 1 20,379 11,814 79,621
Year 2 23,192 9,001 56,429
Year 3 26,393 5,800 30,036
Year 4 30,036 2,157 0

Factors that affect your Standard Chartered Bank Personal Loan rates

There are many factors that affect your Standard Chartered Bank Personal Loan rates, some of which are mentioned below:

  • Employment details: The details of your employment, like if you’re a full time or part time employee of an organization, or if you’re a pensioner and are not currently working in any organization but drawing a pension could have a bearing on interest rates. The interest rates will vary for each borrower depending on the employment or profession.
  • Relationship with the bank: It is possible for Standard Chartered Bank to offer borrowers a lower interest rate based on its relationship with them, based on their relationship with them. This consideration may be due to past actions like their loan repayments. Banks may also offer values customers a lower rate of interest.
  • Age: Owing to the way younger applicants live their lives and follow the lifestyles the way they do, banks generally charge a potential borrower a higher rate of interest.
  • Period of loan: Loan tenure with the bank also influences the rate of interest they offer. If loan tenure is for a shorter duration, the rate of interest is generally higher in comparison to a loan taken for more number of years.

Please note: Banks offer a varying interest rate at their sole discretion and are subject to change.

How your CIBIL score can affect your Standard Chartered Bank Personal Loan rate?

Your CIBIL score is very important and should never be neglected, as CIBIL report shows your credit history or repayment capabilities and of course your credit score. Standard Chartered Bank may offer you a lower rate of interest depending on your score in comparison to other borrowers with a lower score. Any scores of 750 and above are considered very good scores, and it is possible to improve your score by paying your bills on time.

Key things you should know about Standard Chartered Bank Personal Loan interest rates

  • The personal loan interest rate charged by Standard Chartered Bank is subject to the repo rate of the Reserve Bank of India, and may come down further, but not immediately.
  • Standard Chartered Bank personal loans do not require any security, guarantor, or collateral of any kind. Providing the bank with any kind of security will not affect the rate of interest offered to you.
  • It is possible for two borrowers to have different interest rates for the same amount, thanks to different CIBIL scores.

Standard Chartered Personal Loan Interest Rates Reviews

  • 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
  • Standard Chartered Bank Personal Loan
    "Average Banking Services"
    0.5 4.0/5 "Great!"
    The Standard Chartered bank personal loan was good. Before taken the personal loan, they have given a committed like a lower tenure period but after the loan approval they have increased the tenure period for 3 years or else they will reduced the loan amount for the tenure period. I have purchased the loan amount of Rs. 8 lakhs. I have canceled the loan because of this issue.
    Was this review helpful? 0
    , chennai
    Reviewed on Nov 15, 2018
  • Standard Chartered Bank Personal Loan
    "Good service"
    0.5 4.0/5 "Great!"
    I have been holding my personal loan Standard chartered bank,the loan amount they have given me up to 3,20,000 but i have expected up to 5,00,000 and there rate of interest they have charged me is nominal it is up to 10.25% they have been charging, they have charged processing fee up to 3000-4000 which is nominal.
    Was this review helpful? 0
    , bangalore
    Reviewed on Nov 15, 2018
  • Standard Chartered Bank Personal Loan
    "Very Good Service"
    0.5 4.5/5 "Excellent!"
    It has been a good experience i had with them and the loan amount which they had provided has been satisfactory. 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.
    Was this review helpful? 1
    , chennai
    Reviewed on Nov 13, 2018
  • Standard Chartered Bank Personal Loan
    "Process should be improved"
    0.5 5.0/5 "Blown Away!"
    I took personal loan from Standard Chartered for the amount of Rs. 3.50 lakhs, total tenure period is five years. The interest rate is very high in Standard Chartered bank and also documentation process is hard, they were keep getting different documents from me.
    Was this review helpful? 0
    , mumbai
    Reviewed on Nov 12, 2018
  • Standard Chartered Bank Personal Loan
    "Good service"
    0.5 5.0/5 "Blown Away!"
    My personal loan was approved with SCB and the experience was good, the process was smooth and i received my loan amount within 1 week. The loan amount was for Rs 3 lacs with nominal interest rate when compared to others. Customer service was good and they followed up on time.
    Was this review helpful? 3
    , mumbai
    Reviewed on Nov 09, 2018
  • Standard Chartered Bank Personal Loan
    "Needs to be Quick."
    0.5 4.0/5 "Great!"
    I had a personal loan going with Standard charted Bank. At the time of applying it happened to be a bit delay. I had to wait for 15-20 days to get the approved amount. The interest rates i find it little higher , it can be lowered. But as Standard charted has taken care of my need i am happy , only thing they have to work on is their timing and quick response.
    Was this review helpful? 1
    , mumbai
    Reviewed on Nov 04, 2018
  • Standard Chartered Bank Personal Loan
    "Unhappy with the services"
    0.5 2.0/5 "Expected more"
    The process at Standard Chartered Bank is not up to the mark for the personal loan. The process took so much of time for me to get the loan. The rate of interest is around 11% and the processing charges are normal. They need to work on the services.
    Was this review helpful? 0
    , bangalore
    Reviewed on Nov 01, 2018
  • Standard Chartered Bank Personal Loan
    "Excellent Service"
    0.5 5.0/5 "Blown Away!"
    I had taken a very minimal loan amount from them and the experience had been good. Since i had my salary account with them there has not been any documentation required and the process has been simple. The loan amount whcih they had provided has been satisfactory as well.
    Was this review helpful? 0
    , chennai
    Reviewed on Oct 31, 2018
  • Standard Chartered Bank Personal Loan
    "Very Good Service"
    0.5 4.0/5 "Great!"
    It has been a good experience i had with this loan and the interest rate with them has been good as well. The loan amount which they had provided has been good and the process has been fast in getting the loan as well. There has not been any sort of charges which they had made and the process had been fast as well.
    Was this review helpful? 1
    , bangalore
    Reviewed on Oct 31, 2018
  • Standard Chartered Bank Personal Loan
    "Good service"
    0.5 4.0/5 "Great!"
    My experience was good with SCB for personal loan, the process was smooth and i received my loan amount within 1 week. Customer service was good and they followed up on time. The loan amount i requested for was Rs 6.1 lacs but they gave only Rs 4.2 lacs with nominal interest rate and the tenure period is 5 years.
    Was this review helpful? 3
    , bangalore
    Reviewed on Oct 24, 2018
  • Standard Chartered Bank Personal Loan
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have taken a personal loan with STANDARD CHARTERED bank and my experience with this bank was good,the loan which i expected i got even rate of interest and processing fee is nominal compared to other banks.customer support team is good and they response to me very well.
    Was this review helpful? 3
    , mumbai
    Reviewed on Oct 20, 2018
  • Standard Chartered Bank Personal Loan
    "BEST"
    0.5 5.0/5 "Blown Away!"
    My personal loan was taken with the STANDARD CHARTERED BANK and the process of getting the loan is very good and the rate of interest is very lower when compare to the others it is 11.9% also the service is very quick. There is no processing fee for loan.
    Was this review helpful? 5
    , chennai
    Reviewed on Oct 20, 2018
  • Standard Chartered Bank Personal Loan
    "More than satisfactory"
    0.5 5.0/5 "Blown Away!"
    Standard Chartered Bank is good in the personal loan process. The customer support is fine and they were responsive too. The process is very fast and i got the loan within five days. The rate of interest is around 12.49% and the processing charges is zero. I thought it will take time since the loan amount was huge of five lakhs. But I got it very quickly.
    Was this review helpful? 0
    , new delhi
    Reviewed on Oct 18, 2018
  • Standard Chartered Bank Personal Loan
    "Excellent"
    0.5 4.0/5 "Great!"
    I have taken a personal loan from Standard Chartered Bank. The process is good but the verification was done at a random by a third party and I was not at my place when it happened. I was not informed about it. The rate of interest is of 11.99% and the processing fees is zero.
    Was this review helpful? 0
    , pune
    Reviewed on Oct 18, 2018
  • Standard Chartered Bank Personal Loan
    "Good in all"
    0.5 5.0/5 "Blown Away!"
    Standard Chartered Bank is also good in the process for the personal loan. The customer support and response is good and there are no hassles to get the loan. The rate of interest and processing charges is normal. The after loan services is good.
    Was this review helpful? 4
    , chennai
    Reviewed on Oct 13, 2018
  • Standard Chartered Bank Personal Loan
    "GOOD SERVICE"
    0.5 4.0/5 "Great!"
    My personal loan was taken with STANDARD CHARTED BANK , the rate of interest is 12% it is slightly high but fine . The process of getting loan is too fast only it took 4 days to get loan . There is no processing fee with this bank and preclosere is chargeable . So far it has been good experience .
    Was this review helpful? 2
    , new delhi
    Reviewed on Sep 14, 2018
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