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Apply for Standard Chartered Bank Personal Loan Online

Interest Rate EMI
11.99% - 14.50%

(fixed)

 2,224 - 2,353

(per Lakh)
Details Details

Documents Required

PAN 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

  • 1 year lock in
  • 0% thereafter

Part-Payment Option

Not available

Max Eligibility: 40,00,000

yrs

Increase tenure to reduce EMI/maximize Eligibility.

Offer
Interest Rate EMI Processing Fees
11.99% - 14.50%

(fixed)

 2,224 - 2,353

(per Lakh)

Standard Chartered Bank Personal Loan

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 an 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.

Features of Standard Chartered Bank Personal Loan

  • Wide variety of loans for both Salaried and Self Employed Individuals
  • Competitive Interest Rates
  • 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 INR 100,000 up to INR 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.

Citibank Personal Loan Eligibility Criteria Overview

Factor

Criteria

Age

23-58 years

Minimum Income

INR 50,000

Employment

For Salaried Employees: Minimum 3 years of employment with 3 months in the current company
For Self Employed: Current business should be minimum 3 years old.

CIBIL Score

More than 750

Loan Amount

INR 100,000 to INR 3,000,000

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 INR 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 INR 100,000 to INR 30,000,000.

Documents Required for Standard Chartered Bank Personal Loan

  1. Filled up loan application form
  2. 1 Passport Size Photo
  3. Copy of Income Tax PAN
  4. Identity Proof - Passport/ Driving License/ Voter ID/ PAN
  5. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
  6. Income Documents – 3 months’ pay slip, 1 years Form 16, 3 months bank statement showing salary credit and any EMI debit

Interest Rates, Fees & Charges on Standard Chartered Bank Personal Loan

Salaried Employees

Interest Rate

11.99% - 15.50%

Loan Tenure

From 12 months to 60 months

Processing Fee

0.50% to 1.00%

Prepayment Charges

Not allowed

Foreclosure Charges

Allowed after 12 EMI's, prepayment charges may apply

Lowest EMI

INR 2,224 per lakh

Loan Amount

Min INR 100,000 and Max INR 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   4.93 stars, based on 14 reviews

This 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.

 5/5

Very 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

 5/5

I 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.

 5/5

This 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.

 5/5

I 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.

 5/5

Go 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.

 5/5

For 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.

 5/5

Low 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.

 5/5

The service is excellent; I would highly recommend everyone to try this bank

 5/5

Being 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.

 5/5

Dealing 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.

 5/5

Has a great experience with their excellent service, they have highly dedicated staffs and I love Standard Chartered Bank.

 4/5

This bank one of the best online banking system and has paper-less transaction. It gives a true touch of what is meant by Go Green.

 5/5

I was amused by the level of attention and service offered to me at Standard Chartered Bank. If you are looking for professional service, there is no other bank that can beat this as per my experience.

 5/5