Standard Chartered Personal Loan
One of the most popular banks in the country, Standard Chartered offers personal loans at attractive interest rates and relatively low processing fees. The interest rates offered on Standard Chartered personal loans start from 11.49%, and the processing fee applicable to the loan is up to 2.25% of the amount borrowed. The maximum amount you can borrow is Rs.1 lakh, and the repayment tenure is quite flexible, ranging from 1 year to 5 years.
Standard Chartered offers personal loans interest rates starting from 11.49% onwards The processing fee applicable to the loan is 2.25% of the amount borrowed. The maximum amount you can borrow is Rs.50 lakh, and the repayment tenure is quite flexible, ranging from 1 year to 5 years.
Standard Chartered Personal Loan Details
Category | Details |
Interest Rate | 11.49% p.a. onwards |
Loan Amount | Rs.1 lakh - Rs.50 lakh |
Pre-Payment Charges | 1% - 5% |
Loan Tenure | 1 year to 5 years |
Late payment fee | Rs.495 + GST |
Swap charges | Rs.500 + GST |
Guarantor Requirement | No guarantor required |
Standard Chartered Personal Loan Features
- Standard Chartered Personal Loan is available for both salaried and non-salaried individuals.
- The bank does not ask for security or guarantor.
- Documentation processes are easy and simple.
- You can apply online and get instant approval.
- The loan will get disbursed within 4-7 days post the verification of the application form.
Documents Required for Standard Chartered Personal Loan
Given below are the list of documents you will have to submit in order to avail a personal loan from Standard Chartered Bank:
- Proof of identity : Aadhaar, Passport, Voter ID, Driving License, Photo PAN Card, Photo Ration Card, etc.
- Proof of Address : Passport, Utility Bills, Rental Agreement letter, Driving License, Insurance Policy, Ration Card, etc.
Eligibility criteria for Standard Chartered personal loan
Given below are the eligibility criteria you will have to fulfil to apply for a personal loan from Standard Chartered Bank:
- The minimum monthly salary should be more than Rs.22,000.
- The minimum and maximum age of eligibility are 22 years and 58 years respectively.
- The applicant must either be self-employed or salaried.
Why choose Standard Chartered Personal Loan?
There are many reasons why Standard Chartered personal loans has become the preferred choice for many to fulfil their requirements. Standard Chartered offers:
- Attractive schemes
- Flexible and long repayment tenures
- Competitive interest rates
- Smooth application processing
- Security, collateral, or guarantors are not required.
- Loan top-up facility available.
How to check Standard Chartered personal Loan status?
You can simply go to the official website of the bank and enter vital details regarding your loan to track the status of your loan. You can monitor the status of your personal loan application through a reference number or without a reference number. While entering your loan application reference number, you will have to enter the '#' symbol. You will also be required to key in your mobile number. For tracking without a reference number, enter your registered email ID and mobile number.
Customer Care for Standard Chartered Personal Loan
Do you have any doubt about your personal loan borrowed from the international bank, Standard Chartered Bank? You can call the bank's customer care helpline number and get answers to all your questions. The bank has exclusive customer care numbers for different cities. You may also send an email to the bank with full details about your query or complaint. You may also send an SMS to the bank that offers 24-hour customer care to its personal loan customers and customers of other products. In case you are not happy with the bank's solution, you can get in touch with the bank's Principal Nodal Officer.
FAQs on Standard Chartered Personal Loan
- How can I apply to Standard Chartered for a personal loan?
Applying for a personal loan can be done in person at a Standard Chartered branch or online via the bank's official website. Usually, the application process requires financial and personal data to be provided.
- Is VKYC facility available?
Yes, the bank offers the VKYC facility.
- What is VKYC facility?
During your application process for personal loan, you will have to get your Know your Customer (KYC) process done. Instead of going to the bank, you can get your KYC done through video from the comfort of your home.
- For what purposes can I avail a personal loan from Standard Chartered Bank?
You can avail a personal loan to meet the cost of education, marriage, vacation, etc.
- Do I need a guarantor to apply for a personal loan from Standard Chartered Bank?
Since personal loans are unsecured loans, you will not need a guarantor or any form of security for it.
- How can I put a personal loan from Standard Chartered to use?
A personal loan can be used for any personal financial need, including home improvements, education, travel, medical costs, and other expenses.
- How is the Equated Monthly Installment, or EMI, determined?
The loan amount, interest rate, and tenure are taken into account while calculating the EMI. On its website, Standard Chartered Bank might offer an EMI calculator to assist you in estimating your monthly repayments.
- If I work for myself, can I still obtain a personal loan?
Yes, both paid and self-employed people can apply for personal loans from Standard Chartered Bank frequently. Verify the requirements for applicants who are self-employed.
- What occurs if an EMI payment is missed?
Your credit score may be impacted, and late payment fees may result from missing an EMI payment. Making timely EMI payments is crucial. For specific information on fees, consult the loan agreement.
- How can I figure out my personal loan EMI?
To find out if you qualify for a personal loan, use the Standard Chartered Personal Loan EMI Calculator. Prior to applying, you will be better equipped to make an informed selection thanks to the display of your interest rate, monthly EMI, and principal amount. For further information, visit the personal loan EMI calculator section on the bank’s official website.
- I have a bad credit score. Is Standard Chartered Bank able to provide me with a personal loan?
Like other lenders, Standard Chartered Bank often takes credit scores into account when making decisions. If your credit score is low, you will not be eligible, or your interest rate might go up.
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