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 2658 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

    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
      "Prompt service"
      0.5 4.0/5 "Great!"
      My profile was not eligible to get the personal loan from Standard Charted Bank so that was the reason I haven't processed with Standard Charted Bank personal loan . The rate of interest was low when compared with others. I would say prompt service from SCB .
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 16, 2017
    • Standard Chartered Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I got an immediate response in concern to my personal loan with Standard Charted bank. They have disbursed my personal loan aftre 3 weeks of time there a delay in the documentation part. The rate of interest offered by them was 11%, when compared with the others tis is fine. The expected loan amount I have got a tenure of 5 years and EMI is around 6000 rupees approximately.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 16, 2017
    • Standard Chartered Bank Personal Loan
      "Simple Process"
      0.5 4.0/5 "Great!"
      The entire loan process was very simple and went good with Standard Chartered Bank. Especially they provided a very good customer service and they are very responsive. I had not received any problem or challenges from the bank for my loan process.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 16, 2017
    • Standard Chartered Bank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I am not fine with foreclosure charges for personal loan in Standard Chartered bank it was not suitable for me. Because my requirements for short term I may close the loan at any time hence I thought not to process with Standard Chartered. But service wise they are good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with Standard Chartered bank, I got my personal loan through without any hassles. The customer services was prompt as I was contacted on time and the team was responsive when ever I reached out to them. The interest rate was around 11% and the processing charges was waived off.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 16, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      It was extremely a good process and it was well managed as well. Standard Chartered bank has done a good job and it was a on time process as well. I have taken a personal loan and the bank responded immediately to me. I am also okay with the interest rate and processing charges.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 16, 2017
    • Standard Chartered Bank Personal Loan
      "Simple one and very best way to avail the loan"
      0.5 5.0/5 "Blown Away!"
      The first and the best part about SCB personal loan is, they processed the loan quickly, the only drawback here is they are charging zero processing fee which is lower loan other banks. But, tom morrow, if other banks are ready to offer a better processing fee definitely their customers will switch over to another bank. I will recommend this bank if the interest rate is lower. Service wise they are doing good rest is fine the main issue is the interest rate nothing much.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 16, 2017
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I was channelized in other way to get the loan so that was the reason I haven't proceed with Standard Charted Bank personal loan. The response which was given Standard Charted was good and I would say they are prompt in their service. The rate of interest is nominal with SCB.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
    • Standard Chartered Bank Personal Loan
      "Supportive "
      0.5 5.0/5 "Blown Away!"
      It would be more convenient if Standard Chartered Bank provides the required documents for the loan process at the earliest. Apart from that, their services are good and I had received a very good customer support from the bank for my personal loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 16, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      Standard Chartered bank is quite approachable for the loans and other kind of financial services. I recently took personal loan from SCB. All went good with the bank. And I do not have any suggestions for the bank as they are good in providing a financial service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 16, 2017
    • Standard Chartered Bank Personal Loan
      "Fair service"
      0.5 5.0/5 "Blown Away!"
      There is nothing to say wrong about Standard Chartered Bank. Because they are the one sanctioned my personal loan without any hassles. Overall service is excellent. Especially they provided a good customer service and supported a lot for the loan process.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 16, 2017
    • Standard Chartered Bank Personal Loan
      "Good deal and quick process"
      0.5 5.0/5 "Blown Away!"
      It was a good process and it was on time and well communication is really good when it comes to SCB. The documents was collected at one shot. The rate of interest was around 10.9% and there was no processing charges. The overall experience was fine.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
    • Standard Chartered Bank Personal Loan
      "Its Better"
      0.5 2.0/5 "Expected more"
      I got only one call from Standard Chartered, then there was no response from the bank end for the personal loan. Finally I got better offer from HDFC and meanwhile there was no coordination from Standard Chartered. Hence I didn't process with SCB.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 16, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan from Standard Chartered Bank and it was a very good experience. It was a on time process and the disbursement was also as needed. I received a rate of interest of around 11.5% and the processing charges was waived off.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 14, 2017
    • Standard Chartered Bank Personal Loan
      "Can reduce the rate"
      0.5 5.0/5 "Blown Away!"
      Followups were more appropriate when it comes to SCB. The only hiccup here is the, rate of interest as other banks are offering a lower rate of 11.49% however this bank offered me 11.99% so there is a slight difference when it comes to the rate of interest however processing fee is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 14, 2017
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      All things went good with Standard Chartered bank. I had taken the personal loan from Standard chartered bank, all the process from the beginning till disbursement, it went quite good and I have no issues from the bank at any point of time. Good service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 14, 2017
    • Standard Chartered Bank Personal Loan
      "Good in Response"
      0.5 3.0/5 "Satisfactory"
      The reason for I had closed my loan application with Standard Chartered bank is only because I had taken the loan from other banks. I had no issues with SCB in processing the loan. The bank provided a good response when I had applied for the loan.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 14, 2017
    • Standard Chartered Bank Personal Loan
      "Can do better"
      0.5 1.0/5 "Really Bad"
      No message, no calls, no mails from the Standard chartered bank side for the loan when I applied. Then I felt there is no point in holding the loan application with the bank. In the beginning they said very clearly that they will arrange an executive to collect my documents and there is no need to visit the bank for any reason. So I though that the loan process will be very simply. Finally I came to know that the things are not happening as per their commitment. Hence I had to close the personal loan.
      Was this review helpful? 0
      , bhopal
      Reviewed on Aug 12, 2017
    • Standard Chartered Bank Personal Loan
      "Looking for better offers and interest rate"
      0.5 4.0/5 "Great!"
      I was looking for the interest rate of 11.5%, but I was getting the salary of Rs.22,000 hence they didn't process the loan with that interest. They offered me 12.13%, of interest but I am not fine with the rate of interest. It would be great, if they gives better interest rate.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 12, 2017
    • Standard Chartered Bank Personal Loan
      "Services are good But not the terms and conditions"
      0.5 5.0/5 "Blown Away!"
      I got a call from Standard Chartered Bank for the personal loan. The reason why I did not take the loan is because of the terms and conditions. The prepayment had charges and most of all I wanted to do it after a month. But the bank had an option only after a year.
      Was this review helpful? 0
      , jaipur
      Reviewed on Aug 12, 2017
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