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 3367 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 2018

    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
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      I had chosen to go with them since the interest rate has been low with them. The whole process in getting the loan had been very good where it had been simple. There has not been any sort of processing fee or extra charges which they had made. Their customer support and the staff responses had been responsive as well.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 12, 2018
    • Standard Chartered Bank Personal Loan
      "Service is bad"
      0.5 1.5/5 "Bad"
      Bank is good with you until our loan is processed. After that they don't take requests seriously. Closure of loan takes 15days just to initiate the process. Ridiculous. On asking over email, they just delaying the response. Not a very good experience overall.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 04, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The process in getting the loan has been very good and there has not been any issues faced with them so far. The loan amount which they had given has been satisfactory and also the interest rate with them also had been very good as well. There has not been any issues faced with the services of them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 29, 2018
    • Standard Chartered Bank Personal Loan
      "Very convenient"
      0.5 4.5/5 "Excellent!"
      I don't find any difficulties while purchasing the personal loan. They have provided the interest rate of 11.24% which is very comfortable for me. I have applied the loan amount of 9 lakhs. I'm not aware of the processing fee. The documentation process is pretty. I used to make the EMI through ECS
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 28, 2018
    • Standard Chartered Bank Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I have approached STANDARD CHARTER Bank for a personal loAn. I have canceled my application since they said that the process will taken time and they cannot deliver than loan with the committed time . The loan amount was 5 lakhs and the given interest rate as very high .I am not satisfied with the customer service and responses .
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 27, 2018
    • Standard Chartered Bank Personal Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with STANDARD CHARTERED Bank. The amount was 5 lakhs and the given interest rate was satisfactory and the tenure period was 1 year . The customer service and response was good. They haves sanctioned the loan with the committed time and the processing fee was also nominal.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 26, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from the Standard chartered bank for 3.75 lakhs which i have applied through mobile banking which instantly got approved . Am satisfied with the rate of interest which they have provided . They charged nominal charges for processing fees with the tenure period of 2 years . Am overall satisfied with their customer service and response.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 26, 2018
    • Standard Chartered Bank Personal Loan
      "Fine banking with Standard chartered. "
      0.5 4.0/5 "Great!"
      Their are lots of issues in standard chartered phone banking services. It is taking more time to talk that the problem with that. They have offered me a personal loan amount of 3 to 5 lakhs. I have applied for 3 lakhs and after that i have taken a top up of 2 lakhs. They charged me a 12% as interest rate and 1.5% as processing fee. So far i have not come across of any hidden charges and all.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 25, 2018
    • Standard Chartered Bank Personal Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting the loan has been very good and the loan amount which they had given had been good as well. The interest rate with them had been okay and the customer support also had been helpful as well. There has not been any issues faced during the whole process or with their services.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 25, 2018
    • Standard Chartered Bank Personal Loan
      "Very Good Service"
      0.5 4.5/5 "Excellent!"
      The process in getting the loan had been easy and the loan amount which they had provided had been satisfactory as well. They had been having a very good interest rate and there has not been any kind of issues faced with any of the banking services or during the whole process.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 25, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      It had been a very good experience with them and the process in getting loan has been very easy and the loan amount has been satisfactory as well. The interest rate with them has been very good as well. There has not been any issues faced with any of the services which they had provided so far.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 20, 2018
    • Standard Chartered Bank Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      Customer service is good one and the response is on time for the personal loan with the Standard chartered bank. Rate of interest is around 11%. I am happy with them as such, also I dont have any issues with them as such.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 20, 2018
    • Standard Chartered Bank Personal Loan
      "Wonderful"
      0.5 4.0/5 "Great!"
      Rate of interest is around 11.49% for the personal loan with the Standard Chartered bank. Customer service is good too with the Standard Chartered bank. Everything is better one with them till now. All of the aspects are better one with the Standard chartered bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 19, 2018
    • Standard Chartered Bank Personal Loan
      "Okay"
      0.5 3.0/5 "Satisfactory"
      Rate of interest is around 11.9% for the personal loan with the Standard chartered bank. Processing charges were nil and the loan amount got disbursed within twenty to twenty five days of time. Everything is better one with the Standard chartered bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 16, 2018
    • Standard Chartered Bank Personal Loan
      "One of the best "
      0.5 4.0/5 "Great!"
      Customer service is good one and the response is also good too, also its on time. I am happy with the Standard chartered bank and the rate of interest is around 11%. Everything is better one for me with the Standard chartered bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 08, 2018
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with STANDARD CHARTERED bank.The process was very smooth and the loan amount 2 lakhs . The processing fee was nominal. The customer service and responses was up to the mark. They have provided door step service for collecting documents.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 07, 2018
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with STANDARD CHARTER BANK. The loan amount was 2 lakhs and the given interest rate was 11.99% which is average . The process was very good and they have sanctioned the loan with the committed time. The processing fee was nominal .
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 07, 2018
    • Standard Chartered Bank Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      I have taken a Personal Loan from Standard Chartered Bank, the experience was good, the processing was done on time, everything was taken place smoothly. Only issue that I have seen so far is the rate of interest which is high, except that I have no other issues.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 06, 2018
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      Previously I have taken a personal loan from Standard Chartered bank, the experience I had with them was good, the processing of the loan amount was done on time, which I appreciate, even though the rate of interest was bit high, I was satisfied with the over all process that took place.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 05, 2018
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with STANDARD CHARTER BANK. The loan amount was 4.53 lakhs and the interest rate was 11.99% which is satisfactory and the tenure period was 5 years . The customer service and responses was good. The process was very good and they have sanctioned the loan with the committed time,.
      Was this review helpful? 1
      , pune
      Reviewed on Jun 05, 2018
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