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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 3339 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
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The standard chartered Bank offered me the personal loan with the high interest rate. The information which I got from them was wrong. The customer support service and the response is average with the Standard charted. The rate of interest is getting fixed as per the customers requirement.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 11, 2018
    • Standard Chartered Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The experience was good in taking a personal loan from them. I have taken this almost two years back. But the interest rate was pretty high during the time took the loan which was almost 14%. Other than that they had provided me a good service overall.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 02, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan experience with SCB was very good, the loan amount was based on my requirements and the rate of interest was nominal when compared to other banks. The process took more than 2 weeks to complete as document verification took long time. The tenure period of this loan is 5 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 26, 2018
    • Standard Chartered Bank Personal Loan
      "Personal loan with Standard Chartered Bank"
      0.5 4.0/5 "Great!"
      I have taken personal loan from Standard Chartered Bank and the approved loan amount was 4 lakhs. The rate of interest for the loan amount is 13.75 % and the monthly EMI is 12750 for 5 years. There was no processing fee or charges. They dont have any charges for pre closure and part payments.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 25, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The STANDARD CHARTERED BANK has offered me the personal loan and I have got it within a week time. The rate of interest and the charges are average with the STANDARD CHARTERED BANK personal loan process, I would say I am satisfied with the service I got.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 23, 2018
    • Standard Chartered Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I had a wonderful experience with Standard Chartered bank for personal loan, the process was quite long and it took more than 15 days to disburse the loan amount. I have taken loan for Rs 2.5 lakhs for 2 years with nominal interest rate when compared to other banks. Documents were collected on time and the customer service was good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 16, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The personal loan service took around 2weeks time by the standard charted bank. The customer support service is good with the Standard Charted Bank, The rate of interest and the charges are average. The required loan amount has been given and I am satisfied with it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 16, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      Standard Chartered bank provided a good service on personal loan, the process was smooth and i received my loan amount within 10 days. The loan amount was based on my requirement with nominal interest when compared to other banks. The tenure period of this loan is 5 years and the customer service was very good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 14, 2018
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The STANDARD CHARTERED BANK has disbursed my personal loan quickly but after the disbursement the response was quite low with the STANDARD CHARTERED BANK , they have approved and disbursed the required loan amount.The rate of interest is average when compared with other loan providers.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 12, 2018
    • Standard Chartered Bank Personal Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      The service which I got from the STANDARD CHARTERED BANK was good and they were prompt in their response part. I have got the loan amount within 15 days of time. The customer support service is good with the Standard charted bank . Their executives came to my place to collect the documents on right time.
      Was this review helpful? 0
      , pune
      Reviewed on Mar 26, 2018
    • Standard Chartered Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The personal loan service was good from the STANDARD CHARTERED BANK, they were up to the mark and whatever they have promised they have fulfilled the promises, The customer support service is good with the STANDARD CHARTERED BANK, the rate of interest and the charges are lowest what I got via online financial portal.
      Was this review helpful? 0
      , new delhi
      Reviewed on Mar 24, 2018
    • Standard Chartered Bank Personal Loan
      "Nice Experience"
      0.5 4.0/5 "Great!"
      It was a good experience with Standard Chartered Bank for the personal loan and they were on time to contact me and collect my documents. The process was smooth. The rate of interest is around 11.49% and the processing charges is 1885. The after loan services are good too.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 24, 2018
    • Standard Chartered Bank Personal Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from SCB and the process is good and it was on time. The paper work process was also timely and it was a smooth experience. The rate of interest was of 11.25% and processing charges zero. It was the same to what was informed to me initially.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 24, 2018
    • Standard Chartered Bank Personal Loan
      "Good, can do better"
      0.5 4.0/5 "Great!"
      Overall I would say it was a good experience with SCB for the personal loan as I got the loan as per my requirement. The rate of interest was around 12% and the processing fees was around 1800. But there was a delay in the loan as it took 20days. When the executive came over to collect the documents from my door step. I was not available. I had to visit the branches thrice to submit the documents.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Mar 24, 2018
    • Standard Chartered Bank Personal Loan
      "Overall good"
      0.5 4.5/5 "Excellent!"
      Standard Chartered Bank provided the personal loan and I got it on time. But there were issues with the documents. I had to submit it twice. After which I got the loan in 12 days. The rate of interest and processing charges is normal. There are no hassles in that.
      Was this review helpful? 0
      , pune
      Reviewed on Mar 23, 2018
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the personal loan with Standard Chartered bank, my loan application was approved and it was a very good experience. The loan amount was for Rs 2.5 lakhs with rate of interest of 12% which is high when compared to other banks. Customer service was good and the tenure of this loan is 3 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 23, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan application was approved with Standard Chartered Bank and my experience was good. The process was smooth and i received my loan amount within 10 days. Customer service was good and they collected documents on time. The loan amount was for Rs 5 lakhs with nominal interest rate and the tenure period of 5 years.
      Was this review helpful? 0
      , pune
      Reviewed on Mar 23, 2018
    • Standard Chartered Bank Personal Loan
      "Not bad"
      0.5 3.5/5 "Pretty good"
      I got the personal loan from the STANDARD CHARTERED BANK around 2 years ago. The requested loan amount was approved but I have got lesser amount than my expectation. The rate of interest and the charges are average with the STANDARD CHARTERED BANK personal loan service.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 21, 2018
    • Standard Chartered Bank Personal Loan
      "Process is good"
      0.5 4.0/5 "Great!"
      My personal loan is with Standard Chartered Bank. I was told that the loan will be disbursed in seven days. But it took 15 days for me to get the loan. The document collection was on time but the processing has taken time. The rate of interest was of 11.99% and the processing charges is zero. I got the loan amount as needed.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 21, 2018
    • Standard Chartered Bank Personal Loan
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      The process for the personal loan is good at Standard Chartered Bank as it happened on time and there were no issues to get the loan through. The rate of interest and processing charges are normal. The after loan services are good and hassle free.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 15, 2018
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