Multiple banks. Different interest rates. Call it a "conflict of interest".
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
    Rs.2,000 Amazon Voucher
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    Standard Chartered Personal Loan Interest Rates is Rated as "Great!" by 3271 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
      "Disappointed service"
      0.5 2.0/5 "Expected more"
      The Standard charted bank executives did not fulfill their promises. The disbursement took too a lot of time. They told they will disburse the loan amount within 2 days of time but they took more than 15days of time to disburse the loan amount. The customer support needs to be improved with the Standard charated bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2018
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my personal loan with STANDARD CHARTERED bank . The loan amount was 5 lakhs and the Interest rate was 11.49% is average In the market. The tenure Period was 3 years. The loan process was quite easy and smooth. They have provided door step service for collecting documents in all I am very much happy with the service rendered by the said bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2018
    • Standard Chartered Bank Personal Loan
      "Better"
      0.5 4.5/5 "Excellent!"
      I got the personal loan with the Standard chartered bank and the interest is around 10.99% and its competitive too. The loan amount got disbursed to my account within five days of time. Everything is better one with the Standard chartered bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2018
    • Standard Chartered Bank Personal Loan
      "Happy service"
      0.5 4.5/5 "Excellent!"
      I was happy with Standard Chartered Bank on my personal loan. They offered a interest rate around 11.99% which was satisfactory. The documents are collected by the executive at my office. They disbursed the loan on time and I have no issues.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 18, 2018
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Standard Chartered Bank through online portal. The rate of interest was good and it was zero processing fee. I took 2L and have to pay around 9400 rupees monthly. The part payment and pre closure option is okay, because they have some conditions.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      STANDARD CHARTERED BANK has disbursed my personal loan within 10days of time . I am satisfied with the loan amount. The rate of interest and the additional charges were low with the STANDARD CHARTERED BANK personal loan services when compared with others banks.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 17, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      STANDARD CHARTERED BANK has disbursed my personal loan within 10days of time . I am satisfied with the loan amount. The rate of interest and the additional charges were low with the STANDARD CHARTERED BANK personal loan services when compared with others banks.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 17, 2018
    • Standard Chartered Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The documentation process just took a day time and the Standard charted has disbursed the loan amount within 3days of time. The customer support service is good with the Standard charted bank. The required loan amount has been disbursed on time and I am very much satisfied with it.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 17, 2018
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan with STANDARD CHARTER bank. The Interest rate was 12.49% which was satisfactory and the loan amount was 3 lakhs. The tenure period was 5 years. They have sanctioned the loan with the committed time .The loan process was smooth and hassle free. My experience was excellent,.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 17, 2018
    • Standard Chartered Bank Personal Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Standard chartered bank.The loan amount is 2.4 lakhs,rate of interest is low as compared to others.I have no processing fees,They had collected documents door step and processed within the TAT.Net banking is very user friendly to make payments.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 16, 2018
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      It was good with Standard Chartered Bank. The rate of interest was average. They offered around 11% where other bankers are doing it for 10.3% to 10.5%. The documentation process was good and it was collected by the executive at doorstep. I got 4.8L but my expectation was 8L.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 13, 2018
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I had taken my personal loan with Standard Chartered Bank. My first payment was not taken on right time so I had to go to the bank and paid the money which am not completely happy. The rate of interest was 12% which was reasonable. The executive came to place and collected the documents.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 13, 2018
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan with STANDARD CHARTER bank . The loan amount was 6 lakhs and the interest rate was 11.49% which was average in the market. The customer service and responses was up to the mark. The tenure period was 5 years and they have provided door step service for collecting document. I would conclude saying that it was an excellent experience that I had with Standard Chartered bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 12, 2018
    • Standard Chartered Bank Personal Loan
      "Average"
      0.5 1.0/5 "Really Bad"
      The rate of interest was better with Standard Chartered Bank. I am little bit disappointed with the documentation process. I had to do quite bit followup. They took 2 weeks to disburse the loan. I had taken a 3L with duration of 5years. I am paying monthly around 5k - 6k through ECS.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 12, 2018
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      It was a good experience with Standard Chartered Bank. The rate of interest was nominal, they offered around 11% for the personal loan. They are not responding properly to the customer query. There is no processing fee. The executive came to my place and collected the documents at doorstep.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 11, 2018
    • Standard Chartered Bank Personal Loan
      "Recommedable bank"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal Loan from Standard Chartered Bank .The approved loan amount was 2 lakhs . The given rate of interest was13%. The monthly EMI comes around 5365. the total tenure is for48 months. There was no processing fees.The customer service and response is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 10, 2018
    • Standard Chartered Bank Personal Loan
      "Need to improve"
      0.5 3.0/5 "Satisfactory"
      I got the personal loan with the Standard chartered bank and the interest rate is around 11.49% and am happy with them. The loan amount got disbursed after twenty days of time. Everything is fine one for me with the Standard chartered bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 10, 2018
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan with STANDARD CHARTER bank . The customer service and responses was up to the mark. The loan amount was 2 lakhs and the Interest rate was 11.49%which was bit high than other banks in the market. Here the loan process was quick and smooth . There is no processing fee here.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 10, 2018
    • Standard Chartered Bank Personal Loan
      "Very Good"
      0.5 4.0/5 "Great!"
      I got the personal loan with the Standard chartered bank with the comparatively lesser rate of interest. I got the loan amount in required amount of date. Everything is good one with the Standard chartered bank and there is nothing much patches with them.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jan 10, 2018
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      My personal loan was taken with STANDARD CHARTER bank. The loan amount was 2.30 lakhs and the Interest rate was 11.49% which was avergae In the market. The customer service and responses was up to the mark. The loan process was smooth and there is no processing fee here so I would like to recommend to others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 09, 2018
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