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 2526 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
     Standard Chartered Personal Loan Offers

    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
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Experience was good with the Standard chartered bank to get the personal loan. Service aspects are really good. The loan amount got disbursed to my account within a week of time. Services are really fine one for me but the branches are lesser one with them. Rate of interest was not at all the constraint, also I can say it was good one.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 22, 2017
    • Standard Chartered Bank Personal Loan
      "Be more clear in details"
      0.5 4.0/5 "Great!"
      The overall experience was good and quick. But there was a lacking of clarity as I did not know the loan account number for a long time and there was no point of contact as well. The rate of interest was of 11.99% with a zero processing fees. SCB needs to be more transparent in the personal loan details.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Jun 22, 2017
    • Standard Chartered Bank Personal Loan
      "High on ROI & charges"
      0.5 3.0/5 "Satisfactory"
      The response was on time from Standard Chartered Bank after I applied for a personal loan. The team informed me about the details and the process. I did not go ahead because they offered me a higher rate of interest and the other charges was high too. I was offered a rate of 12%.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 22, 2017
    • Standard Chartered Bank Personal Loan
      "Lock period should be avoided"
      0.5 4.0/5 "Great!"
      There was two issues with Standard Chartered, they have a locking period of one year and they taking some charges for the preclosure. I am not fine with that process. Hence I refused to process my personal loan with them but their response is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Standard Chartered Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      When compared with Standard Charted Bank, I got a better offer with other bank with the better terms and conditions, so that was the reason I haven't proceed with SCB personal loan. The customer service with Standard Charted bank is average, when compared with others. The SCB need to work on the terms like pre-payment and the loan conditions in futures. I would say, it was average service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Standard Chartered Bank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      The whole process of Standard chartered bank was smooth. From the beginning till the end of the disbursement, I had no issues. The documents were collected on time. I got a rate of interest of around 12% and the processing charges was a zero fee on my personal loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Standard Chartered Bank Personal Loan
      "Loan policy should be changed"
      0.5 1.0/5 "Really Bad"
      I am holding salary account with Standard Chartered, Every month Rs.70,000 gets credited in my account. But they have not consider my transaction, they simply rejected my loan application. I recently I joined in new office, they offered me SCB salary account. But they were six months of bank statement, I am unable to provide hence they rejected it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 21, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      Rate of interest was around 11.5% with the Standard chartered bank for the personal loan. Within ten days of time, the loan amount got disbursed and the customer service is an excellent one and I have not faced any hiccups with them till now. Processing charges were nil with them.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 21, 2017
    • Standard Chartered Bank Personal Loan
      "Average "
      0.5 2.0/5 "Expected more"
      Standard chartered bank confirmed, that they cant process the application because of their terms and conditions. They took their own time to provide the response for my personal loan application. I would like to suggest that they could be more responsive too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 21, 2017
    • Standard Chartered Bank Personal Loan
      "It is good"
      0.5 4.0/5 "Great!"
      I had received a very good response from Standard Chartered Bank with regards to my personal loan application. But due to location constrains, they were unable to provide the loan. Otherwise, I had no issues with the bank. Later, I had to close my loan application.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Jun 21, 2017
    • Standard Chartered Bank Personal Loan
      "Its excellent"
      0.5 5.0/5 "Blown Away!"
      I was out of city when I applied for the personal loan in Standard Chartered because of that reason my loan got closed. But they have called me and informed about the process,they are providing the interest rate based on the corporate norms, I am fine with that.
      Was this review helpful? 0
      , surat
      Reviewed on Jun 20, 2017
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      Experience was good one with the Standard chartered bank for the personal loan. I took around two weeks of time to get the disbursal , also the processing charges were nil one with them. Rate of interest was good one with them and I don't have any issues with them till now.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2017
    • Standard Chartered Bank Personal Loan
      "High Interest Rate"
      0.5 4.0/5 "Great!"
      Standard Chartered bank was good in response when I approached them for the personal loan. But at that time I had received lower rate of interest with some other bank, hence I did not take the loan from SCB. Interest rate is little higher with SCB.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 20, 2017
    • Standard Chartered Bank Personal Loan
      "Should maintain proper communication"
      0.5 3.0/5 "Satisfactory"
      I am really worried about their customer service response, whatever they committed not fulfilled. There was no direct no to reach them on loan process. My first loan EMI suppose to be deducted on 10th june, still EMI not deducted. I already raised a complain regarding this but there was no revert.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 19, 2017
    • Standard Chartered Bank Personal Loan
      "Good Process"
      0.5 5.0/5 "Blown Away!"
      I got good response from Standard Chartered Bank for the personal loan. I had no issues with them throughout the loan process. They provided a very good response and handled in a proper way. Actually I directly approached the bank and got good offers from them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 19, 2017
    • Standard Chartered Bank Personal Loan
      "Not Satisfactory"
      0.5 1.0/5 "Really Bad"
      It was not a good process with Standard Chartered bank for the personal loan. There was a lot of delay and I have not received the loan letter as well. There was no soft copy too. After the loan was approved, I was told that I would get the funds in two days, but it took ten days. I had also referred few of my friends and they received no response too. The rate of interest was of 10.99% and the processing charges waived off.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 19, 2017
    • Standard Chartered Bank Personal Loan
      "Okay"
      0.5 4.0/5 "Great!"
      The experience was okay for me and the interest rate was around 11.5% for the personal loan ,also the loan amount got disbursed after as week of time with the Standard chartered bank. Rest of time consumption everything was fine with the Standard chartered bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 19, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The standard charted bank had given a very good response with regards to my personal loan application. Within a week time they have disbursed my personal loan. The rate of interest is 11.99% nominal with SCB. I am happy with the loan amount two lakhs. The SCB has approved the required loan amount.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 18, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Standard Chartered Bank has been really good for the personal loan. The services and response was good and the whole process was on time. The were no hassles in submitting my documentation too. The interest rate was around 11.99% and the processing charges was zero.Loan amount I have applied for 3 lakhs.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 18, 2017
    • Standard Chartered Bank Personal Loan
      "Extremely good"
      0.5 5.0/5 "Blown Away!"
      Standard Chartered Bank has been really good for the personal loan. The services and response was good and the whole process was on time. The were no hassles in submitting my documentation too. The interest rate was around 12% and the processing charges was zero.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 17, 2017
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