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
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    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 2980 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
      "Communciation and coordination should be there"
      0.5 2.0/5 "Expected more"
      No body got back on my personal loan request from Standard Chartered bank. Very first I got a call from online channel to confirm my requirement. But from the bank, they responded, I would like to suggest they should give quick response and communication part should be improved with the bank.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Oct 17, 2017
    • Standard Chartered Bank Personal Loan
      "Good overall"
      0.5 3.5/5 "Pretty good"
      Since there are plans of switching my account to Standard Chartered Bank I decided to take the personal loan once I start using the bank services. The services and response was good as they were on time to contact me and informed me the details.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 17, 2017
    • Standard Chartered Bank Personal Loan
      "Lack of response"
      0.5 1.0/5 "Really Bad"
      I received a call initially from Standard Chartered bank after I applied for a personal loan and later I got no response from them. It has not been a professional experience as the customer care did not get back to inform me the status. No information on the interest rate and charges.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 17, 2017
    • Standard Chartered Bank Personal Loan
      "Better"
      0.5 4.0/5 "Great!"
      Customer service was good one with the Standard chartered bank bank and the response was also good one with them for the personal loan, which I have applied. After 1.5 months of time, I have got the loan amount from the Standard chartered bank bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 17, 2017
    • Standard Chartered Bank Personal Loan
      "Good experience "
      0.5 4.0/5 "Great!"
      I had taken a personal loan form standard chartered bank for an amount of 5.62lakhs T the interest rate of 12.5% feel its nominal as compared to other banks.They took almost 10 days ot complete my loan request.had responded to my request on time as promised.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • Standard Chartered Bank Personal Loan
      "Good service "
      0.5 2.0/5 "Expected more"
      I had applied for a personal loan from standard chartered bank for an amount of 8 lakhs at the interest rate of 10.99% for a tenure of 5 years.Rate of interest is low as compared to other banks .customer service is poor they took almost a month to process my application my suggestion to the bank to speed up the work and keep up the promised turn around time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 16, 2017
    • Standard Chartered Bank Personal Loan
      "Good overall"
      0.5 3.0/5 "Satisfactory"
      Since I cancelled my plans, I did not take the personal loan with Standard Chartered Bank. The customer services are good and they been very responsive. The interest rate was around 11.5% and the processing charges was normal too. Good overall.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 16, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent service "
      0.5 5.0/5 "Blown Away!"
      I had applied for a personal loan for an amount of 5 lakhs at the interest rate of 11.9% feel its nominal as compared to other banks.They processed it within 10 days ,had a quick response from the bank. overall I am satisfied and happy to bank with them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 16, 2017
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      The Standard charted bank gave good response but they are slow in their response part. They have disbursed my loan amount within a week time. The customer was helpful was in regards to my personal application. The rate of interest is average with Standard Charted Bank when compared with others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 15, 2017
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan from SCB, i am happy that my loan application was approved and the required amount was disbursed. The customer service was good and responsive but the process was quite slow, it took 15 days for the approval. They provided a door step service for collecting the documents. The rate of interest is very less when compared to all other banks.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Oct 15, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan from SCB, i am happy that my loan application was approved and the required amount was sanctioned. The customer service was good, they responded very well. They provided door step service to collect the documents. I am also satisfied with the rate of interest.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 15, 2017
    • Standard Chartered Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I initially applied for the personal loan through an online channel and later since I did not have the aadhar card I could go through that channel. So SCB contacted me directly and processed the loan but I felt I was among the many who needed the loan as every time the bank contacted me they did not know who they were talking too. I had to introduce myself time and time again and then they would get my details on their systems and they would recognize. I was also not happy with the interest rate and processing charges. Because my colleagues who took a lesser amount of loan got a lesser rate and it was vice versa for me.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 15, 2017
    • Standard Chartered Bank Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      I have approached Standard Chartered Bank on my personal loan. I am satisfied with the customer service and the response was fast. The documents collected by the executive at door step. They have disbursed the expected loan amount. I felt the rate of interest was high. The preclosure and part payment option is average.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 15, 2017
    • Standard Chartered Bank Personal Loan
      "average service"
      0.5 2.5/5 "Just OK"
      I applied for a personal from STANDARD CHARTERED only once I got a call from them as I discussed with them the rate of interest they offered was little high it was the main reason I dropped my plan with STANDARD CHARTERED and I have not proceed further with them and it was long back so I forget about their service overall service is average from STANDARD CHARTERED.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 15, 2017
    • Standard Chartered Bank Personal Loan
      "Best"
      0.5 5.0/5 "Blown Away!"
      My experience was good one with the Standard chartered bank and I dont have any issues for my personal loan, which I have applied. I been with them from the last two years of time.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 15, 2017
    • Standard Chartered Bank Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      The standard charted bank was good in their explanation part, they have explained the product in a very good way , The transparency is seen in the process. Customer support was helpful. The rate of interest which they have offered was nominal when compared with others.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 15, 2017
    • Standard Chartered Bank Personal Loan
      "Not bad not good either "
      0.5 2.0/5 "Expected more"
      Customer service was not up to the mark i will say from the STANDERD CHARTERD BANK . The rate of interest provided to me was to high something around 11.99% there was no processing fee they were charged from the bank end . The loan got disbursed within seven working days . Once i had a query regarding the loan process so i called customer care but they did not have any detail of my loan process . Not happy with the process .
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 14, 2017
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      The first Loan EMI itself got bounced and I am disappointed with it and I have spoke to Standard charted executive they told in the ECS mode it went wrong. The process need to be standardized. The customer support and the personal loan process need to be prompt. The rate of interest is higher than other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 14, 2017
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The personal loan experience is average with Standard Charted Bank. The time they have taken to disburse is longer than normal. The rate of interest is high when compared with other banks. I would say the service which was given by standard charted was average.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 14, 2017
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      Customer service is real good from the Standard Chartered bank i would say . The rate of interest given from the bank was 11.99% and they charged zero processing fee that was the best thing i would say and the loan got disbursed within 20 working days . It was a good experience i would say . The bank did not provide me any kind of Pre-closure option on the loan .
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 14, 2017
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