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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    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 Interest Rates is Rated as "Great!" by 2863 Users

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    Standard Chartered Personal Loan Interest Rates

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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

    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
      "Hassle free"
      0.5 4.5/5 "Excellent!"
      It was a prompt response from Standard Chartered Bank after I had applied for a personal loan. It was a quick process as well as I got the loan within four days. The rate of interest was around 11.99% and the processing fees was waived off. Overall a hassle free process.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 25, 2017
    • Standard Chartered Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I have not taken the personal loan with the Standard chartered bank because I have dropped the plan. Response is good and the customer service is working in good way. In future, I would like to go ahead with them.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 25, 2017
    • Standard Chartered Bank Personal Loan
      "Response needs improvement"
      0.5 2.5/5 "Just OK"
      Standard Chartered Bank contacted me for the personal loan. After which they did not follow up with me for the loan. It was not a very good experience overall. Though the rate of interest was around 12.99% , I do not want to rate them on it as I have not taken the loan finally.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 25, 2017
    • Standard Chartered Bank Personal Loan
      "Good process"
      0.5 5.0/5 "Blown Away!"
      I have requested for a personal loan from Standard charted bank via a channel partner , but I never got any kind of response from SCB , It was an emergency so I have met the SCB executive personally and I got the loan within a day time. The rate of interest is low when compared with others, They gave a option to waive off my last EMI., The processing fee and the charges were zero with SCB.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 24, 2017
    • Standard Chartered Bank Personal Loan
      "Lack of response"
      0.5 4.0/5 "Great!"
      After me applying for a personal loan with Standard chartered, the executive came over and collected my documentation and I also received a call once from them stating that they could get back to me. But I got no response after that. The rate of interest and charges is average.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 24, 2017
    • Standard Chartered Bank Personal Loan
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      There was a proper response from Standard Chartered Bank after I had applied for a personal loan. I finally did not go ahead with it because I changed my plans. The interest rate and processing charges is normal. The process was also swift and easy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 24, 2017
    • Standard Chartered Bank Personal Loan
      "Good bank"
      0.5 4.0/5 "Great!"
      I have requested for a personal loan application with STANDARD CHARTERED BANK. Later i had no requirement for a personal loan. But the overall experience with the bank is totally satisfying and good.The executive contacted me was very polite and helpful.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Sep 24, 2017
    • Standard Chartered Bank Personal Loan
      "Not satisfactory"
      0.5 2.0/5 "Expected more"
      I had applied for a personal loan with SCB and the bank contacted me and collected my paper work. After the collection of documents, I had to follow up twice and then I was told that the loan could not be processed because I was not eligible for the same.
      Was this review helpful? 0
      , pune
      Reviewed on Sep 24, 2017
    • Standard Chartered Bank Personal Loan
      "Zero response"
      0.5 1.0/5 "Really Bad"
      It was a complete zero response from Standard Chartered Bank. I had applied for a personal loan and there was no communication at all from the bank to check on my requirement. It has not been a good experience and I would not wish to recommend the bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 24, 2017
    • Standard Chartered Bank Personal Loan
      "DISSATISFIED"
      0.5 2.0/5 "Expected more"
      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 to submit the documents I did that after executive came and collect it, no reply from them after a week they are calling and asking the documents again so I said please cancel the application not interested anymore.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 24, 2017
    • Standard Chartered Bank Personal Loan
      "SATISFACTORY"
      0.5 3.0/5 "Satisfactory"
      My experience with the Standard chartered bank was okay and the customer service is fine one for me but they have not processed my personal loan the reason they have given is i have a credit card and it is over duw so that is why they are not offering me personal loan and iam a holding salaried account with the same bank.
      Was this review helpful? 0
      , noida
      Reviewed on Sep 24, 2017
    • Standard Chartered Bank Personal Loan
      "Good overall"
      0.5 4.5/5 "Excellent!"
      The process was very fast with Standard Chartered bank for the personal loan and the only one thing is that there was a slight gap in communication after the documents was collected. The interest rate was around 11% and the processing charges was waived off.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 24, 2017
    • Standard Chartered Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      My loan requested was acknowledged by standard charted bank executives on time. The way they approach the customers is really good. They have taken around 1 week to disburse my personal loan. The rate of interest is nominal 10.85%. There is no processing fee in my personal loan process. I am happy with the loan amount.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 24, 2017
    • Standard Chartered Bank Personal Loan
      "Overall no hassles"
      0.5 4.0/5 "Great!"
      The overall process was good at Standard chartered Bank and the personal loan was processed at the right time. I got a rate of interest of 11.5% which was on the higher side and the processing charges was waived off. The customer services are good overall.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 24, 2017
    • Standard Chartered Bank Personal Loan
      "Satisfied"
      0.5 4.0/5 "Great!"
      The loan amount got disbursed within a week of time from the date , when I have applied for the personal loan. Rate of interest was really a reasonable one with the Standard chartered bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 23, 2017
    • Standard Chartered Bank Personal Loan
      "Very satisfied"
      0.5 4.0/5 "Great!"
      Standard chartered bank have provided the personal loan with the lesser rate of interest as compared to other sources. Customer service and other things are really good and the deliverables were bang on time and as per requirement. It was a pleasure to be served as per the expectation.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 23, 2017
    • Standard Chartered Bank Personal Loan
      "Unhappy with the services "
      0.5 3.0/5 "Satisfactory"
      After I had applied for a personal loan with Standard Chartered Bank. There was just one call asking me about my requirement and I was told that I would get a call back. After which no one contacted me and I could not go ahead for that loan. It is not a good experience.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 23, 2017
    • Standard Chartered Bank Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      It was a nice and cooperative with SCB as the executive came over and collected all the documents and in one week I got the personal loan through. There is a preclosure option after a lock in period of one year. The interest rate was of 11.99% and the processing charges was waived off.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Sep 23, 2017
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      There is No loan requirement at present,so that was the reason I haven't got the personal loan from Standard charted bank. The rate of interest is high when compared with HDFC bank.The Customer Support is quite good with SCB. The service which was given by SCB was good with SCB.
      Was this review helpful? 0
      , pune
      Reviewed on Sep 23, 2017
    • Standard Chartered Bank Personal Loan
      "ROI and charge perfect"
      0.5 4.5/5 "Excellent!"
      The documents are taken on time from Standard chartered bank and they done a good job overall. The process is on time and the disbursement is perfect and it is as expected. The interest rate and processing charges are normal when compared to the other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 23, 2017
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