With affordable interest rates and adjustable repayment terms, Standard Chartered Bank offers personal loans. There is little to no paperwork required in order to obtain a loan. Standard Chartered Bank with interest rates starting at 11.49%. A maximum loan of Rs 1lacs to 50 lacs with a maximum 1 to 5 year repayment period is available to you.
The personal loans offered by Standard Chartered Bankhave low interest rates and flexible payback schedules. A loan can be obtained with little to no paperwork. Interest rates on personal loans from Standard Chartered Bank start at 10.49%, making them a great option for any of your urgent financial requirements. You may be eligible for a loan with a maximum amount of Rs 20,000 to Rs 1 crore and a maximum payback term of 6 months to 5 years.
|Maximum Loan||Rs 1lacs to 50 lacs|
|Maximum Loan Tenure||1 to 5 year|
During the application process for Standard Chartered Bank Personal Loan documents must be presented.
A fully filled out loan application
Three pictures in passport size
Account Statement and Passbook for the Previous Six Months
Evidence of residency (photocopies of recent phone bills or electricity bills)
Photocopies of the voter ID card, passport, driver's licence, or IT PAN card are acceptable forms of identification.
Self-employed IT professionals' three-year returns
For salaried personnel, Form 16/IT returns for the last two fiscal years
Interest rates on personal loans from Standard Chartered begin at 11.49% annually. According to the lender, the interest rates it charges for personal loans are determined by the borrower's credit history, the loan's size, the length of the loan, their income situation, the employer profile, and their experience of banking with Standard Chartered Bank. Take note that when determining the Standard Chartered Bank personal loan interest rates, many lenders additionally look at the applicants' credit scores.
Both people who make a salary and those who don't can apply for a Standard Chartered Personal Loan.
No collateral or guarantors are required by the bank.
The techniques for documenting are straightforward and easy.
Applications are instantly approved when submitted online.
Following the verification of the application form, the loan will be disbursed in 4–7 days.
Currently, you have the option to apply for a personal loan in Standard Chartered Bank online or in person at the nearby Standard Chartered Bank location.
Online method: All banks have an online portal, much like Standard Chartered Bank does. Users who want to apply for a personal loan can do so by going to the bank's official website and entering information such as their name, income, work status, and property documentation. The bank will review your application when it has been submitted, and it will then authorize your personal loan. The applicants can follow easy steps to follow up on their offline and online personal loan applications.
Offline Method : You can fill out the application in person at the bank and deliver it there with the necessary paperwork. Your application may be evaluated, approved, or refused, generally, within up to 30 days. For assistance in applying for a personal loan, call the customer service number.
ANS. Either online or offline, you may keep track of the progress of your application for a house loan. To check the status of your home loan application, you might need to supply the information for your Application ID and date of birth.
ANS. Customers of Standard Chartered Bank may have an advantage when negotiating the terms of a personal loan, although this benefit is not exclusive to current clients. Those who meet the loan requirements are eligible to apply.
ANS. In equal monthly payments (EMIs), you repay the loan. Cheques post dated to the loan's due date will be used to repay it. Additionally, you have the option to pay using the Electronic Clearing System (ECS) or by setting up a standing order to automatically deduct the EMI payment from your Standard Chartered Bank account.
Anyone can apply for the loan since the qualifying requirements for the Standard Chartered Personal Loan are relatively simple. Verify your eligibility using the following criteria for a Standard Chartered Personal Loan:
The lowest age requirement and the maximum age requirement to qualify for a Standard Chartered Personal Loan are both 22.
Either you should work for yourself or receive a salary.
An ongoing monthly revenue stream is necessary for you.
You should make more money each month than the bank's minimal demand, which is Rs. 60,000 per month.
Types of Charges
Finance charges (retail interest rate)
3.75% for all cards
Minimum amount due each month
5% of the total amount due or Rs.250, whichever is higher
Interest fee period
18 to 25 days
Finance charge on cash advance
Withdrawal at ATMs - 3% of the amount withdrawn or Rs.300, whichever is higher
Cash advance limit
At bank's discretion
Late payment fee
Cash repayment fee
Late fee charges
Rs.100 over and above late payment fee if you don't pay the minimum amount due for 2 or more consecutive months
2.5% of the amount over the limit (Min. Rs.500)
Reward handling charges
3.50% over overseas transaction amount
1.00% processing along with applicable taxes on transaction amount
Rs.99 per month
Cash pick up charges
Cheque book bounce charges
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