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 3173 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
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with STANDARD CHARTERED bank. They collected the documents immediately and within 10 business days my personal loan got approved and disbursed my funds after my documents submission. They offered me the loan with 12.99% as rate of interest and there is no processing fees.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 18, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with STANDARD CHARTERED bank. They collected the documents in the very next day and within a week my personal loan got disbursed after my documents submission. They offered me the loan with 11.99% as rate of interest and there are no processing fees as such.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 18, 2017
    • Standard Chartered Bank Personal Loan
      "Good bank"
      0.5 4.0/5 "Great!"
      As i had some pending from my end , i could not able to proceed the loan from STANDARD CHARTERED BANK.The bank and the approach from the executives are satisfied. I dont have any other issue with STANDARD CHARTERED BANK. I am planning to reapply for the same bank some time later.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 18, 2017
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      It was a good experience with STANDARD CHARTERED for my personal loan service,the customer service was prompt they offered me a average interest rate of 11.99 the documents have been collected from my door step it was a cool service from STANDARD CHARTERED for my personal loan service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 17, 2017
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 3.5/5 "Pretty good"
      I feel the process was little slow with STANDARD CHARTERED for my personal loan service they took a long time to verify my documents but the interest rate they quoted me was fine when compared to others. To conclude , I would say it was an average experience that I had with STANDARD CHARTERED on my personal loan service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 17, 2017
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 3.5/5 "Pretty good"
      I feel the process was little slow with STANDARD CHARTERED for my personal loan service they took a long time to verify my documents but the interest rate they quoted me was fine compare to others it was a average experience with STANDARD CHARTERED for my personal loan service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 17, 2017
    • Standard Chartered Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      STANDARD CHARTERED bank provides me a very good service regarding my personal loan service but their executives rejected my loan process as because my salary account was not under banks criteria they quoted me interest rate of 14.49 which is fine compare to others also the customer service was fine it was a average service from STANDARD CHARTERED for my personal loan service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 17, 2017
    • Standard Chartered Bank Personal Loan
      "Good customer service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan from SCB, my loan application was closed because i have postponed the plan to get the personal loan. I have planned to get the loan in the month of January. The customer service was good and their response was also good. The rate of interest was high when compared to others in the market.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 16, 2017
    • Standard Chartered Bank Personal Loan
      "Good customer service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan from SCB, my loan application was closed because i did not have the salary payslip for 3 months. Customer service part was fine, they responded on time and their service was also good. The rate of interest was very high when compared to all other banks.
      Was this review helpful? 0
      , surat
      Reviewed on Nov 16, 2017
    • Standard Chartered Bank Personal Loan
      "NOT HAPPY"
      0.5 1.0/5 "Really Bad"
      I am not at all happy with the customer service STANDARD CHARTERED BANK it could have been more better actually . The bank never made a contact i never got a call from the bank side . The one part i liked was i uploaded the documents online need not run around for any documentation process . The process could have been even more easier.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 14, 2017
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I applied for a personal loan with STANDARD CHARTERED they said my credit score was not eligible and i was not under bank criteria so they where not able to process further with my loan process but the customer service was good with STANDARD CHARTERED it was a average service from STANDARD CHARTERED for my personal loan service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 14, 2017
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I applied for a personal loan with STANDARD CHARTERED bank but I am not happy with the service of STANDARD CHARTERED the interest rate was very high compare to other banks in the market I feel there approach was not good it was totally a average service from STANDARD CHARTERED for my personal loan service.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 14, 2017
    • Standard Chartered Bank Personal Loan
      "My first experience with SCB"
      0.5 5.0/5 "Blown Away!"
      Much delighted with the service rendered by SCB with regards to personal loan. I got a better rate of interest from them also, I am convincied with the way they dealt with me. There is nothing negative to comment about them its totally a very good experience that I had with SCB with regards to personal loan. I am very much happy with the features of the loan but it would great if they reduce the number of months when it comes to foreclosure as of now we are allowed to foreclose the loan before 12 months.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2017
    • Standard Chartered Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      STANDARD CHARTERED personal loan service was good the interest rate they quoted me was 12.5 which is fine but I have some personal queries I was unable to process further with my loan process with STANDARD CHARTERED it was average service from STANDARD CHARTERED for my personal loan service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 14, 2017
    • Standard Chartered Bank Personal Loan
      "Best banking"
      0.5 3.0/5 "Satisfactory"
      I had applied for a personal loam with Standard chartered bank.The loan amount is 2.5 lakhs,rate of interest is 9% higher as compared to others.Bank has got too much of hidden charges charged on the account otherwise the banks service is best.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Nov 11, 2017
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I had applied for the personal loan from SCB, my loan application was approved and the requested amount was disbursed. The loan amount was for 7 lakhs with the good rate of interest. The service was good, they provided door step service for the collection of documents. I did not have interaction with the customer service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 11, 2017
    • Standard Chartered Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      It was a good experience with Standard Chartered Bank and the banking services are good. I have taken a personal loan. My paper work was on time and there was no delay in the disbursement. There are options for the part payment facility and foreclosure.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 11, 2017
    • Standard Chartered Bank Personal Loan
      "Need Improvement "
      0.5 4.0/5 "Great!"
      The SCB personal loan process was good. The customer support gave me bitter experience in regards to my personal loan application. My loan Emi has to be deducted in every month first week but they haven't deducted the amount and they told there was some issue foe the customers and there was no response from the customer support. The customer support need to be improved with SCB bank.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 10, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      It was a great service from STANDARD CHARTERED for my personal loan service the interest rate they offered was 11.99 which is fine compare to others customer service is good with STANDARD CHARTERD and the documents have been collected from my door step it was a awesome experience from STANDARD CHARTERED for my personal loan service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 10, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      It was a great service from STANDARD CHARTERED for my personal loan service the interest rate they offered was 11.99 which is fine compare to others customer service is good with STANDARD CHARTERD and the documents have been collected from my door step it was a awesome experience from STANDARD CHARTERED for my personal loan service.
      Was this review helpful? 0
      , gandhinagar
      Reviewed on Nov 10, 2017
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