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 to ₹1,180
    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 3213 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.

    Standard Chartered Personal Loan Interest Rates Reviews

    • Standard Chartered Bank Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      The interest rate and processing fee was good with Standard chartered personal loan department ,the documents have been collected from my door step ,the staffs was very good they made the processing time fast it was a excellent service from Standard chartered personal loan service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 11, 2017
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my personal loan with STANDARD CHARTERED Bank . The loan amount was 2 lakhs and the rate of interest was 11.49% which was bit high than other banks in the market.They have sanctioned the loan with the committed time and satisfied with the customer service here so I would like to recommend to others.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 09, 2017
    • Standard Chartered Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The verification process was very fast and on time with Standard chartered personal loan service ,the customer support was good . They completed the process in 15 days and the rate of interest was good it was a good experience with Standard chartered personal loan service.
      Was this review helpful? 1
      , noida
      Reviewed on Dec 08, 2017
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Standard Chartered Bank.The loan amount is 4 lakhs,rate of interest is nominal 11.99% compared to others banks.They have deducted processing fees of 20,000.The total tenure is for 48 months.Net banking is convenient use.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 08, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Standard Chartered Bank.The loan amount is 4.35 lakhs,rate of interest is low as compared to other banks.I submitted documents,the executives sounded very informative.I have no processing to take this loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 08, 2017
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      It took a week and half to disburse my personal loan amount. The customer support was prompt with the Standard Charted Bank. The required loan amount has been approved and I am satisfied with it. The rate of Interest which I got from Standard Charted Bank is nominal when compared with other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 08, 2017
    • Standard Chartered Bank Personal Loan
      "Best service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Standard Charted bank.The loan amount is f4 lakhs,rate of interest is 12.5% low compared to others,they have processed the request within one week.I had submitted documents to process the loan request.The executives are prompt.
      Was this review helpful? 0
      , noida
      Reviewed on Dec 08, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 3.5/5 "Pretty good"
      I have my personal loan with STANDARD CHARTERED bank . Here I am satisfied with the hassle free loan process. The customer service and responses was up to the mark. I have taken 2.5 lakhs and the interest rate was 11.49% which was satisfactory but they have taken 10 days of time for disbursing the loan and there is no processing fee and all.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 08, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The rate of interest offered by Standard chartered for my personal loan service was comfortable for me ,the documents part was very smooth and the customer support was prompt compare to others in the market it was a good experience with standard chartered personal loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 08, 2017
    • Standard Chartered Bank Personal Loan
      "Great service & faster approval"
      0.5 5.0/5 "Blown Away!"
      I had taken personal loan with SCB. They were co-operative and provided proper information. The rate of interest was good. My documents are collected by the executive at doorstep. They were quick and enough, there was no delay in the process. The disbursement was on promised date.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 08, 2017
    • Standard Chartered Bank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      I have my personal loan with STANDARD CHARTER bank . The loan amount was 2 lakhs and their interest rate was 11.5% and the tenure period was 5 years . The process was hassle free and they have provided door step service for collecting documents also.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 07, 2017
    • Standard Chartered Bank Personal Loan
      "Best service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan from Standard Chartered Bank, my loan application was approved and the requested amount was disbursed. The customer service from SCB was fine and they responded on time, they provided door step service to collect the documents. The process was smooth and my loan amount was approved within 10-12 days. The rate of interest was nominal when compared to other banks.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Dec 07, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      My personal loan was taken with STANDARD CHARTERED bank . The interest rate was 11.95% for 1 lakh loan amount . The EMI period was 2 years. They have provided door step service for collecting documents and sanctioned the loan within the committed time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 07, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      I have taken my personal loan with STANDARD CHARTERED bank .The loan amount was 7 lakhs and the interest rate was 11.55% which was average . The EMI period was 5 years . The loan process was very good and they have sanctioned the loan with the committed time. Here there is no processing fee so I would like to recommend the bank to others.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 07, 2017
    • Standard Chartered Bank Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan from Standard Chartered Bank, my loan application was approved and the requested amount was disbursed. It was a good loan experience. The process was quite long, it took 2 weeks for the loan amount to get approved. Documents were collected door step, bank statement verification took long time. Customer service was good and they followed up correctly. The rate of interest was nominal when compared to other banks.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 06, 2017
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan experience with Standard Chartered Bank was good, it took 8-10 days for the loan amount to get approved. The process was quite smooth and easy. Customer service was good and they followed up correctly. Documents were collected door step. The rate of interest of 11% is nominal when compared to other banks. Charges are applicable for pre closure and part payment.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 06, 2017
    • Standard Chartered Bank Personal Loan
      "Need to improve verification procedure"
      0.5 2.0/5 "Expected more"
      I had applied for a personal loan with standard chartered bank.The loan amount is seven lakhs.They had come to place for verification,the executive has verified my details with the security guard that was not required instead should verified my details with Hr or other officials.The loan got approved only after third verification am totally dissatisfied with the service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 06, 2017
    • Standard Chartered Bank Personal Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      My personal loan was taken with STANDARD CARTER bank . The loan amount was 8 lakhs and the interest rate was 11.49% which was satisfactory . The customer service and responses was up to the mark. They have sanctioned the loan with the committed time and they have offered door step service for collecting documents.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 06, 2017
    • Standard Chartered Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with STANDARD CHARTER bank . The loan amount was 3 lakhs and the interest rate was 11.49% which was average in the market and the tenure period was 5 years. The customer service and responses was up to the mark so I would like to recommend to others.
      Was this review helpful? 1
      , thane
      Reviewed on Dec 06, 2017
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      Customer service was good one with the Standard chartered bank for the personal loan. Within a week of time, the loan amount got disbursed . I am happy with the Standard chartered bank. I have not faced any hiccups with them.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 06, 2017
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