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

    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
    Rs.1000 Amazon voucher free Ad
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    Standard Chartered Personal Loan Interest Rates is Rated as "Great!" by 2448 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 Service Tax Up to 2.5% per annum of sanctioned loan amount + Applicable Service Tax
    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 Service Tax Up to 5% per annum of principal outstanding loan amount + applicable Service Tax
    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
      "Good services"
      0.5 4.0/5 "Great!"
      Since I had to travel out of the country, I did not proceed ahead for the personal loan with Standard Chartered Bank. They did contact me a couple of time for the loan. The rate of interest was low but not the lowest, it was around 11.49% and the processing charges were normal.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 27, 2017
    • Standard Chartered Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Standard chartered bank has approached me for the loan. The interest rate is of 12.5% which is very nominal and the processing fee is around 900 rupees. The services are very quick and it is recommendable. They promptly processed the loan and they had completed the process on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 27, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      Before two to three years of time, I got the personal loan with the Standard chartered bank and the charges are nominal one with them, also the rate of interest was around 14% to 15%. The loan amount got disbursed within ten days of time and the foreclosure, partial payment charges are nil with them.
      Was this review helpful? 0
      , chennai
      Reviewed on May 26, 2017
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am having the personal loan with the Standard cahrtered bank and the rate of interest rate is fine one with them and I got the loan amount within twelve days of time, also I do have the pre approved loan with them always because I am using their credit card.
      Was this review helpful? 0
      , jaipur
      Reviewed on May 26, 2017
    • Standard Chartered Bank Personal Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      Past two to three months, my salary wasn't credited in my account, my company gave by cash. Hence Standard Chartered bank have rejected my loan application. I am happy about their rate of interest is good and they gave me very good service on loan part.
      Was this review helpful? 0
      , chennai
      Reviewed on May 26, 2017
    • Standard Chartered Bank Personal Loan
      "Average"
      0.5 2.0/5 "Expected more"
      I had applied for a personal loan with Standard Chartered Bank and it has not been a very good experience.The bank did not respond to me on time and there has been a complete zero response from the bank.Initially I received call once from them.
      Was this review helpful? 0
      , jaipur
      Reviewed on May 26, 2017
    • Standard Chartered Bank Personal Loan
      "Need to Improve"
      0.5 2.0/5 "Expected more"
      I was very much disappointed with the process followed by STANDARD CHARTERED BANK I applied personal loan for 8 lakhs they have not given proper response to me regarding my loan application The Interest rates and charges are high with Standard CHARTERED comparatively. The basic customer service needs to be improved and the follow up has to be focused properly.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 26, 2017
    • Standard Chartered Bank Personal Loan
      "Nice experience"
      0.5 4.0/5 "Great!"
      Standard Chartered bank was good and on time to give me details on the personal loan. I also like the turn around time. It was a nice experience. I could not go ahead because of the changes in my personal requirement. The overall experience was good and the deal was decent on the interest rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • Standard Chartered Bank Personal Loan
      "Good service and prompt service"
      0.5 5.0/5 "Blown Away!"
      From the first day I applied for the personal loan with Standard Charted bank, I got very good response and they have made a good follow up. I have informed SCB executive, that I don't require a loan right away that was the reason I have got the loan with Standard charted bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • Standard Chartered Bank Personal Loan
      "Proactive services"
      0.5 5.0/5 "Blown Away!"
      Only because my requirement had changed that I did not go ahead with Standard Chartered Bank for the personal loan, else the bank was perfect in the services and response. The team was proactive in contacting me an giving me the details and the bank was comparatively good on the interest rate and charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 2.0/5 "Expected more"
      I haven't received any calls from standard charted bank regarding my personal loan application. The rate of interest is low, when compared with other banks. Overall I would suggest standard charted to help the customers to get the product.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • Standard Chartered Bank Personal Loan
      "Interest rate can be lowered"
      0.5 3.0/5 "Satisfactory"
      For the personal loan, Standard Chartered Bank quoted 11.99% of interest rate. The process went good with them without any hassles, I had taken the loan within seven days of time. I got proper response from SCB on my loan application. Later I came to know that CITI bank is very low in interest rate than SCB.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 25, 2017
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan application went smooth with the standard charted bank. The documentation process also went smooth. They just took around 2 to 3 days to disburse my personal loan. The rate of interest is nominal with them. Overall the service is better with Standard Charted Bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • Standard Chartered Bank Personal Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      I got good response on my personal loan from Standard Chartered bank, they have reached me and shared the loan updates. But due to my personal reason I have closed my application, I am fine with their loan process and their interest rate is nominal.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • Standard Chartered Bank Personal Loan
      "High on ROI"
      0.5 4.0/5 "Great!"
      Since I did not require the funds, I went ahead and cancelled my personal loan request at Standard Chartered bank. The bank was on time in contacting me and giving me details. The rate of interest was high, it was around 12.99% where as there are banks offering me 10.99%.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 23, 2017
    • Standard Chartered Bank Personal Loan
      "Up to the mark"
      0.5 3.5/5 "Pretty good"
      I did not got the personal loan with the Standard chartered bank due to the personal reason. Rate of interest was huge with the Standard chartered bank and the response was good one with them and I don't have any suggestion to them.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 23, 2017
    • Standard Chartered Bank Personal Loan
      "Need to be customer centric"
      0.5 1.0/5 "Really Bad"
      I did not receive any calls from the standard charted bank in regards to my personal loan application, later on I came to know that the application got canceled due to some reason, so tat was the reason I haven't got the loan with SCB, They need to be prompt and very attentive about their customers. They have to take action on the customer request in future.
      Was this review helpful? 1
      , mumbai
      Reviewed on May 23, 2017
    • Standard Chartered Bank Personal Loan
      "Have to give proper reason to customer, also need response"
      0.5 1.0/5 "Really Bad"
      I have interacted with the Standard chartered bank to get the personal loan for so many times and there were no response with them till now. At least, they can intimate me, whether it can be processed or not. I would like to suggest that they can provide the reason for not processing the loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 23, 2017
    • Standard Chartered Bank Personal Loan
      "Average experience"
      0.5 3.0/5 "Satisfactory"
      It took some time for the loan amount to be get credited to my account from Standard chartered bank . The loan amount , which I had applied was something different and finally, I got the loan amount got 2.8 lakh Rupees. There were some delay to get the loan amount and the interest rate was around 11%. Customer service and the response was an average one with the Standard chartered bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2017
    • Standard Chartered Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      It was with SCB my personal loan account was closed. They did not contact me till now and the rate of interest offered was around 14.99% and I request them to contact the customers with immediate effect especially those who are looking out for a loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 22, 2017
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