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Apply for Standard Chartered Bank Personal Loan Online 4.85 stars, based on 33 reviews
| Interest Rate | EMI | Processing Fees | Part Payment | ||
|---|---|---|---|---|---|
| 11.99% - 14.50% (fixed) | 2,224 - 2,353 (per Lakh) | upto 2.5% | |||
Details Details Documents RequiredPAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis. Preclosure Charges
Part-Payment OptionNot available | |||||
Offer
| Interest Rate | EMI | Processing Fees | Apply Now |
|---|---|---|---|
| 11.99% - 14.50% (fixed) | 2,224 - 2,353 (per Lakh) | upto 2.5% | Apply Now |
Standard Chartered Bank Personal Loan Overview
If you are in search of a bank that offers best high-end services to each of its customer, the search ends here- Standard Chartered bank has been in existence ever since 1800s. With more than 1700 branches in 70 countries, this bank has employed 87,000 people. Standard Chartered Bank is considered as a universal bank and it operates for corporates and individuals. This bank has primary listing in London Stock Exchange. Whether small or big, each of its corporate and individual customers is given utmost care and attention at all times. This is one of the best banks to avail for personal loan.
Standard Chartered Bank Personal Loan Details
Institution Type: Bank
Minimum Loan Amount: ₹100,000
Maximum Loan Amount: ₹3,000,000
Minimum Tenure: 12 months
Maximum Tenure: 60 months
APR: 10.50% - 19.00%
Fees & Charges: Up to 3% + GST as applicable
Features of Standard Chartered Bank Personal Loan
- Wide variety of loans for both salaried employees and self-employed individuals.
- Lowest personal loan interest rates starting @10.50%.
- No Securities, Collaterals required
- Easy documentation and quick processing
- Repayment Options varying from ECS, Account Debits or PDCs
Benefits of Standard Chartered Bank Personal Loan
- Loans are offered from ₹100,000 up to ₹3,000,000 depending on eligibility criteria of the individual, per their income as well as repayment capacity.
- Processing fee is up to 3% of loan amounts.
- The loan tenure is between 12 to 60 months.
- Loan amount will be disbursed with-in 7 working days if all relevant documents are submitted on time.
- No security, collateral or guarantors are mandatory for procurement of a personal loan from Standard Chartered.
Why should you choose Standard Chartered Bank Personal Loan?
Though there are more than countable reasons to choose Standard Chartered Bank for a personal loan, a few among them are listed below. Make use of these to avail your personal loan from the best bank.
- It is possible foreclose the entire personal loan any time after paying 12 EMI's along with the prepayment charges
- Standard Chartered Bank is rated as 5.0 by almost all customers for its service quality
- Standard Chartered Bank has over 1700 branches where you can avail service
- Special schemes and attractive discounts are offered for its staffs and employees of all large companies.
How to apply online for Standard Chartered Bank Personal Loan?
Applying for a Standard Chartered Bank Personal Loan is as simple as shopping online. All you need to do is, just visit the Finance Buddha site and check your eligibility and check for the banks that are ready to offer personal loan per your criteria. Once you have the full list, simple choose the bank and apply online. The respective bank will contact you within couple of days to work on your request.
If you want to directly apply for a Standard Chartered personal loan, make use of the below 3 simple steps at Finance Buddha personal loan tab with your details like required loan amount, company name, salary account bank name, salary and any details of existing EMI amount.
- Check eligibility in the site by giving all your credentials. This will not just help you understand if you are eligible for a loan but will also let you know the amount limits up to which the loan can be taken.
- Interest rates vary from bank to bank, but Standard Chartered offers best rate with comparison to the level of service it offer. Each individual should scrutinize the interest rate feature and any hidden charges before applying a loan.
- Use application in Finance Buddha site to apply for a personal loan directly. This site helps in directly reaching the bank representative. Once your request hits their radar, they will contact you within 2 working days to consider the next steps.
Standard Chartered Bank Personal Loan Eligibility Criteria
Eligibility for personal loan depends upon various factors of which few very most important one is the ability to pay back the loan amount. The factors on which Standard Chartered Bank calculates a person’s eligibility are:
Age: Eligibility and repayment capacity is calculated as per the age of the individual. Standard Chartered Bank provides personal loan to self-employed and salaried individuals at the age of 23 to 58 years.
Income: Eligibility for personal loan considerably depends upon the income of an individual. There is minimum limit of income of the individual set by each bank- Standard Chartered Bank looks for net monthly salary of minimum ₹50,000.
Profession and Job Stability: This is an important factor to improve the eligibility for a personal loan. In case of salaried, there should be a full time job at least for 36 months out of which minimum 3 months should be with current company. In case of self-employed, the current profession or business should be in existence for at least 3 years and should if possible own either an office or a place of residence. Minimum net income or minimum turnover criteria should be considered while applying. Apart from job stability, another important factor is profession; this can affect the personal loan eligibility. Working with reputed companies will increase the probability of getting personal loan as the income is more stable.
Credit History: The past CIBIL history as well as repayment record of outstanding loans or credit cards will directly impact on the personal loan eligibility. Poor repayment record will cause to the drop of CIBIL score and a continuous good record helps in increasing the CIBIL score. This is a must factor that is considered by all banks irrespective of what type of loan is requested by the individual. Though Standard Chartered Bank does not specify any particular CIBIL score, a score of 750 and above is desirable.
Loan Amount: Standard Chartered Bank gives personal loan based on the income level. This bank gives loan amount ranging from ₹100,000 to ₹30,000,000.
Standard Chartered Bank Personal Loan Documents Required
- Filled up loan application form
- 1 Passport Size Photo
- Copy of Income Tax PAN
- Identity Proof - Passport/ Driving License/ Voter ID/ PAN
- Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport.
- Income Documents – 3 months’ pay slip, 1 years Form 16, 3 months bank statement showing salary credit and any EMI debit.
Standard Chartered Bank Personal Loan Interest Rates, Fees & Charges (updated 16th January, 2019)
| Salaried Employees | |
| Interest Rate | 10.50% - 19.00% |
| Loan Tenure | 12 months to 60 months |
| Processing Fee | Up to 3% + GST as applicable |
| Prepayment Charges | Not allowed |
| Foreclosure Charges | Allowed after 12 EMIs, prepayment charges may apply |
| Loan Amount | Min ₹100,000 and Max ₹1,500,000 |
| Age | Min 23 years and Max 58 years |
Frequently Asked Questions
What are personal loan repayment tenures?
The loan can be repaid over a period of 12 to 60 months.
What are the maximum and minimum loan amounts?
Personal loans are offered ranging from Rs 1lakh to 30lakhs depending on your eligibility, income and repayment capacity.
How do I repay the loan?
You can repay the loan in Equated Monthly Installments (EMI's) using the ECS facility, post-dated cheques favoring Standard Chartered Bank or a direct account debit (only for Standard Chartered Bank Account holders).
Do I have to provide any security, collateral or guarantors?
No security, guarantors or collateral are required for gaining a Personal Loan with Standard Chartered Bank.
Can I repay my loan prior to the tenure?
You can repay the loan amount any time after 12 EMIs with pre-closure charges of 5% by giving the bank a 21 day notice.
I am an existing Standard Chartered Personal Loan customer. Can I get an additional loan amount?
Yes, there is possibility for additional amount if it has been 6 months or more from the date when the loan was approved. In order to find out the eligible, apply online and let our advisor call you.
Who can apply for Standard Chartered Personal Loan?
All resident individuals meeting our criteria can apply for a personal loan with Standard Chartered Bank.
How much would I need to repay each month?
At the time of booking of your loan, the EMI is calculated based on loan amount sanctioned, interest rate and tenure.
How can I apply for Standard Chartered Personal Loan?
It’s simple! Fill in your details in the form and let our advisors call you and help you with your needs.
Reviews
I am having my personal loan with SCB. They provided very good service regarding my personal loan. The approval took only 5 working days and the process was completed in a hassle free and smooth way. The rates and charges were also satisfactory.
Jyoti shah 5/5I faced no problem regarding my personal loan with Standard Chartered bank. Within 6 days of applying my loan was sanctioned. I am very happy with the fast processing. Because of the fast processing only my work was completed on time. Thank you SCB for the help and support.
Shudarshna 5/5I am a Bangalore based middle class man. Last week I was in a medical emergency and for that I needed money. Then I applied for a personal loan through Finance Buddha with Standard Chartered bank. The processing of my loan application was very fast. Within 3 days I was having the credit in my account.
Krishna Hegde 5/5I am a customer of Standard Chartered bank from many years. And when it came for my personal loan I decided to go with SCB again as being a customer I have experienced very good service from them. And in terms of my personal loan also they didn’t let me down. The processing was fast and I got the loan approved in only 4 working days. I will recommend SCB to others also.
Pranjali Kumari 5/5One of my friend suggested to go with Finance Buddha when I was looking for personal loan. I went to the Finance Buddha portal and applied for my personal loan with Standard chartered bank. The response from the bank was very good. I am happy with their rates and charges as well.
Amithesh 4/5Standard Chartered bank is the best among all the banks which I have experienced. I am having my personal loan with them. And I am very happy with my decision for going with SCB. Their priority is their customers. They deal with their customers in a friendly way and their processing doesn’t take much time. My personal loan was approved in 3 working days.
Prashanthi 5/5Easy and simple to get!! Finance Buddha is the best approach to get you a loan. I used Finance Buddha for applying for my personal loan. And there was a response from them within an hour. The processing steps were simple and easily I got the loan.
Aravind Jeganathan 5/5I chose Standard Chartered bank for my personal loan. I applied for the loan through Finance Buddha website. The application form was filled online and after that the documentation process was done in a stress free manner. The executives from Finance Buddha was a great support in the entire process. I will specially thank those 2 executives who were handling my case.
Monika Reddy 5/5Excellent!! The processing of my personal loan application with standard chartered bank was very fast. The process ended in only 2-3 days and on the 4th day I was having the credit amount in my account. The process was completely hassle free and smooth.
Faisal Akhtar 5/5I received good response from Standard Chartered bank. The service for the personal loan was really good. They were really helpful and provided the required information for the personal loan process. I did not face any kind of issues or challenges with them during the loan process.
Sagar Abhishek 5/5Finance Buddha helped me when no one was there to help me. It was my daughter’s marriage and I was facing some kind of shortage of money. Then I applied for my personal loan with Standard chartered. My loan was approved by the standard chartered bank within 4 days.
Naresh 5/5I am satisfied with the service provided by the Standard Chartered bank. I am having my personal loan with them. They provided me the loan at 11.49% p.a. and the processing charge was 2.5% and there were no other hidden charges. The processing was also fast.
Zoya Hassan 5/5I took personal loan from Standard Chartered with the help of Finance Buddha. The Finance Buddha executives helped me in completing the documentation process, they themselves came to me and collected the required documents. The process was completed in a smooth and hassle free manner.
Jai Prakash 5/5I approached Standard Chartered bank for the personal loan. I applied for the loan with them and they had responded properly towards my loan application. I am an existing customer of Standard chartered. I applied for 2 lakhs loan. The loan got approved in 4 days.
Kanwaljeet Sinha 5/5I applied for my personal loan with Finance Buddha. I used this portal to compare different banks and to check my eligibility for the personal loan. I went with Standard chartered for my loan and I found it satisfactory. The rates were good and processing was on time.
Sagarika Mehra 4/5Finance Buddha website was there to help me all through the individual advance application. The Finance Buddha executives recommended me to Standard Chartered personal loan as it is most appropriate as per my prerequisites. Unquestionably Finance Buddha is best for any kind of loan whether it is personal loan or any business loan.
Akansha Dubey 5/5Fast processing and amazing service!! I took my personal loan with Standard chartered bank. My loan was for 10 lakh and for that they charged me 12% P.A and the processing fees was 2.5%P.A. the processing was fast and I got the credit in only 4 working days.
Rajnish 4/5Recently I applied for my personal loan through Finance Buddha portal. I used this portal to compare all the banks for their interest rates and processing steps. I found that Standard chartered was the best suited bank for me so I went with them and applied for the personal loan. My loan was approved only in 5 working days.
Nivedita 4/5I got my personal loan with Standard Chartered bank. I am very happy with the service they provided. The processing was really very fast. The rates and charges offered are also affordable. I will recommend it to my friends and family members.
Sandeep Gupta 5/5This is my first personal loan experience, though Standard Chartered Bank was very strick about the procedures and eligibility. I was happy with the same as it is to offer the best service to all of its customers.
Saloni Newatia 5/5Very helpful staffs and the personal loan representative were very co-operative. I have given a good feedback to the officials as well about the loan advisor. This bank has got staffs with good culture and attitude
Sheela D 5/5I had taken a personal loan when I was an employee in a well reputed bank, have repaid the outstanding amount for about 3 years and still have another year to go. Now I resigned the job due to medical reason but the bank is still offering the best of best services and gave a clear instruction to etheir continue as a savings account instead of personal loan account or to get a ECS option to some other bank where I have an account.
Rohit Sam 5/5This bank is my first priority at all times not just for personal loan but for all services. Though the minimum balance to have a saving account is 25,000; I don’t mind blocking that amount with this bank for the level of service offered at all times.
Richa Jain 5/5I wish if there was an option to rate more than 5. Today I just pre-closed my personal loan. Though the services offered for the past 3 years were extremely appreciable, today’s service is the highlight. The whole process was so quick and communicated. I barely had any questions to them regarding the same.
Vinit Sahay 5/5Go for this bank for hassle free services. I would recommend this for my friends and colleague. Feeling proud to be a part of this bank.
Brinda Padmanabhan 5/5For good response on all queries and easily navigable online platform this bank is recognized. The quality of service is always appreciated by me and my family. I opened a saving bank account post finding their service on personal loans so loans.
Divya Raghavachar 5/5Low interest rates, fast and easy approval, flexible repayments option, no extra or hidden charges. I feel this is the best bank for personal loan. Have been paying my EMI from past 4 years and never till date I have had any issues or concerns.
Arjun Mehra 5/5The service is excellent; I would highly recommend everyone to try this bank
Ayesha Alam 5/5Being a self-employed individual, getting a personal loan was such an easy task. The bank is very flexible with the repayment options and offers lot of option to repay through EMI.
George John 5/5Dealing with this bank for a personal loan was like a cake walk for me. It’s true I have a salary account, But even then personal loans are offered so fast if all documents are accurate.
Simran Sagar 5/5