Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 Standard Chartered Personal Loan Interest Rates

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 14.49% Fixed
    0
    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 2595 Users

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    About Standard Chartered Personal Loan

    Standard Chartered Bank offers you exciting schemes to take up their Standard Chartered Personal Loans. Standard Chartered Bank is India’s largest international bank, with operations in the country since 1858. They offer you great schemes with friendly repayment options, very competitive rates of interest and ensuring that the loan is processed very smoothly makes it a very good option to choose when applying for a personal loan. With Standard Chartered Bank there’s no need to provide security, collateral or any guarantors when you apply for an unsecured personal loan. Standard Chartered Bank also provides you with an option to take a top-up loan over and above the loan already taken.

    Standard Chartered Bank offers different personal loan under various scheme mentioned below:

    • Personal Loans - These loans are provided to an applicant without security, collateral, or guarantors.
    • Personal Loan top-up for the previous loan taken - You can also check with the bank on the option to top-up a pre-existing loan
    • Personal Loan against Securities - This is an overdraft facility provided against secured investment portfolios made by you. This can be against shares, mutual funds, bonds etc.
    • Personal Loan against Term Deposits -This is an overdraft facility provided against Fixed deposits, designed to give you the liquidity you need without affecting the return on these deposits.

    Standard Chartered Bank Personal Loan Interest Rates

    Standard Chartered Bank provides you with the Standard Chartered Bank Personal Loan whose interest rate for 2015 stands at 12.99% to 16.50%, based on a monthly reducing balance. There is a 3% processing fee charged when you apply for a personal loan, but there’s no requirement to provide security, collateral or any guarantors. This loan can be applied for by salaried and non-salaried employees, and the documentation process is very simple and easy. The maximum amount offered based on your income is Rs. 30 lakhs for salaried applicants and Rs. 10 lakhs for entrepreneurs.

    Standard Chartered Bank Personal Loan Interest Rates 2017

    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
    Apply for Personal Loan

    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:

    YearPrincipal paid (Rs)Interest paid (Rs)Balance amount (Rs)
    Year 120,37911,81479,621
    Year 223,1929,00156,429
    Year 326,3935,80030,036
    Year 430,0362,1570

    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.
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  • Standard Chartered Personal Loan Interest Rates Reviews

    • Standard Chartered Bank Personal Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      The Standard charted bank offered me a best rate in regards to my personal loan with the lowest charges. The customer service and the response is average with SCB. They have disbursed the loan within 5 days of time, they made it within the promised time. The required loan amount has been disbursed and I am satisfied with the loan amount.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 25, 2017
    • Standard Chartered Bank Personal Loan
      "Loan rejection"
      0.5 1.5/5 "Bad"
      My personal loan rejected due my resistant address in out of city but i am 7 years customer in SCB bank so pls make loan for out of city customers because this is my salary account so please arrange loan our of city customers otherwise bank is so good and the best think is working time 24*7 this so good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 25, 2017
    • Standard Chartered Bank Personal Loan
      "Smooth Service"
      0.5 5.0/5 "Blown Away!"
      I did not face any kind of challenges during the personal loan process with Standard Chartered Bank. The loan process went smooth and there are no hassles with them. Even I have no issues with the interest rate. The way they provide customer service is also too good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 24, 2017
    • Standard Chartered Bank Personal Loan
      "Better Response"
      0.5 4.0/5 "Great!"
      I had received good response from Standard Chartered Bank on my personal loan application. But due to some reason I had to close the application. I had no issues with SCB in taking the loan and I had received a call from them for the loan application.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 24, 2017
    • Standard Chartered Bank Personal Loan
      "not satisfied"
      0.5 1.0/5 "Really Bad"
      To be frank, I would say that I haven't received a proper response from Standard Chartered bank in concern to my personal loan application. They didn't even give a call to explain about the product. Therefore, I would say both customer service and the response needs to be improved with Standard Chartered Bank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 24, 2017
    • Standard Chartered Bank Personal Loan
      "Uncomfortable with the Terms & conditions"
      0.5 3.0/5 "Satisfactory"
      I did not go ahead with Standard Chartered Bank for the personal loan because I was not comfortable with the terms and conditions. They were high on the processing charges of 2% and they had no part payment option. There was also a preclosure fee. The rate of interest was of 11,99%.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 23, 2017
    • Standard Chartered Bank Personal Loan
      "Overall a good experience "
      0.5 5.0/5 "Blown Away!"
      I had not taken a personal loan from Standard Chartered Bank because I had taken the loan from another source. But absolutely, I had no issues with the bank, the team was on time in contacting me and informing me all the details. The interest rate and processing charges were also reasonable. It was around 11%.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 23, 2017
    • Standard Chartered Bank Personal Loan
      "Below average service"
      0.5 1.0/5 "Really Bad"
      To be frank, I would say that I haven't received a proper response from Standard Chartered bank in concern to my personal loan application. They didn't even give a call to explain about the product. Therefore, customer service and the response need to be improved with Standard Chartered Bank.
      Was this review helpful? 0
      , noida
      Reviewed on Jul 18, 2017
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Market rate for the personal loan is 10.99% interest rate but Standard Charted Bank was offering the loan with an interest of 12.5% , so that was the reason I had taken loan from other banks. The customer service and the response was good with SCB. Plus, it would be great if they bring down their interest rate too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 18, 2017
    • Standard Chartered Bank Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      The rate of interest and the processing fee is nil with Standard charted bank, so that was the reason I opted for scb personal loan but it took too much of time. So that was I have closed my personal loan application. The Customer service and the response was really fast with SCB.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 18, 2017
    • Standard Chartered Bank Personal Loan
      "Not supportive"
      0.5 2.0/5 "Expected more"
      Initially Standard Chartered Bank told me that I am eligible for the personal loan. And they had collected all the documents from me and informed about the interest rate for the loan. Post which there was no response from the bank, I had to followup on my application with them but after that they had closed my application. The bank was not supportive.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 13, 2017
    • Standard Chartered Bank Personal Loan
      "Seamless experience with Standard Chartered"
      0.5 5.0/5 "Blown Away!"
      Standard Chartered is competitor of CITI bank, I am have very good experience with SCB, I got awesome service from them, my personal loan process was seamless, response was very good. The executive are very prompt in service,. Standard Chartered interest rate is also competitive and best.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 13, 2017
    • Standard Chartered Bank Personal Loan
      "Good Process"
      0.5 3.5/5 "Pretty good"
      I had taken the personal loan from Standard Chartered bank. Actually I approached SCB through online source. I had received good response from the bank towards my loan application and the interest rate is good. I had no issues with the bank during the loan process.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 12, 2017
    • Standard Chartered Bank Personal Loan
      "Interest should be similar"
      0.5 3.0/5 "Satisfactory"
      The reason why I had not taken Standard Chartered bank loan is, on the website it was showing the interest rate of 10.99% but when I spoke with them they were offering an interest around 11.99% . I had asked them to reduce the interest rate however they were not ready to lower the rate. Now I have decided to process the loan with AXIS.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 12, 2017
    • Standard Chartered Bank Personal Loan
      "Be Customer Oriented"
      0.5 1.0/5 "Really Bad"
      Standard Chartered Bank quoted very less loan amount for the personal loan. Actually I approached them through online source but since I found that the loan amount is low, I did not continue with SCB and I just cancelled the plan. Even I did not receive good response from the bank.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jul 12, 2017
    • Standard Chartered Bank Personal Loan
      "Be Customer Oriented"
      0.5 5.0/5 "Blown Away!"
      Actually I approached Standard Chartered bank for the personal loan and I am in a need of seven lakhs but the bank said that I am eligible for five lakhs. So I dropped my plan and I did not take the loan from Standard chartered. But I received good response from the bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 12, 2017
    • Standard Chartered Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I have taken loan through other other online channel with same Standard Chartered bank, they have processed my loan on time. SCB approved the loan amount of Rs. 7 lakhs as per industrial standard they offered me good interest rate without any processing fee. I am really happy about it.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Jul 12, 2017
    • Standard Chartered Bank Personal Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      I was expecting money from some where else, I got that money. Hence there is no requirement to take personal loan from Standard Chartered bank. They have responded very well and they have you offered me best interest rate and processing fee.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 12, 2017
    • Standard Chartered Bank Personal Loan
      "Better Service"
      0.5 4.0/5 "Great!"
      I had applied for the personal loan with Standard Chartered bank but my requirement was not fulfilled so I did not take the loan from them. Other than that I had received good response from Standard chartered bank and their responses are really good.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 11, 2017
    • Standard Chartered Bank Personal Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      My earlier experience with Standard Chartered bank for the personal loan was excellent. I had no hassles in getting details from them and processing my details. The interest rate and processing charges were also normal and the services after the loan was also good as the loan was disbursed on time.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 11, 2017
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