Standard Chartered Bank Personal Loan

Interest Rate starts from 12.99%
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Personal Loan From Standard Chartered Bank

A personal loan can come in help for any kind of situation like marriage, vacation, festivals, medical emergency etc. ApnaLoanBazaar provides you the customized and personalized quote for Personal Loan at lowest interest rates from various banks.
Interest Rate starts from 12.99%
Processing Fee
1.00%
Loan Tenure
Upto 5 Years
Guarantor Requirement
No
Part-Payment
Not Allowed
Pre-Closure Charges
3%

About Standard Chartered Bank

Standard Chartered PLC is a British multinational banking and financial services company headquartered in London. It operates a network of more than 1,700 branches and outlets (including subsidiaries, associates and joint ventures) across more than 70 countries and employs around 87,000 people. It is a universal bank with operations in consumer, corporate and institutional banking, and treasury services. Despite its UK base, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa and the Middle East.

Highlights

Best Foreign Bank 2012 - Bloomberg Financial Leadership Awards
Financial Advisor of the Year Award 2012 - UTI CNBC
Best Private Bank in India by the Asian Private Banker at the Awards for Distinction 2012.
Asia Cup - official partner of the bi-annual cricket tournament
The Economic Times Awards for Corporate Excellence - title sponsor from 2012 to 2016
Liverpool Football Club - our four year sponsorship started in June 2012.

FAQs About Standard Chartered Bank Personal Loan

What are the minimum and maximum loan amounts?
  • You can avail of loans ranging from Rs 1,00,000 to 30,00,000 depending on your eligibility, income and repayment capacity.
What are the loan tenure options?
  • The loan can be repaid over a period of 12 to 60 months tenors are only available for select profile of customers.
Are there any additional charges?
  • A processing fee of a maximum of 3% of the loan amounts and requisite documentation charges is payable upfront. This fee will be deducted from the Loan amount at the time of disbursal.
How much time will it take for my loan to be approved?
  • Your loan will be disbursed within 4-7 working days post receipt of the required documents.
Do I have to provide any security, collateral or guarantors?
  • No security, collateral or guarantors are required for obtaining a personal loan.
Do I have to provide any security, collateral or guarantors?
  • No security, collateral or guarantors are required for obtaining a personal loan.
What is EMI?
  • EMI stands for Equated Monthly Installments. This installment comprises both principal and interest components. Please use the EMI Calculator to find out the EMI you need to repay.
How do I repay the loan?
  • You can repay the loan in Equated Monthly Installments (EMI's) using the ECS facility, or a direct account debit (only for Standard Chartered Bank Account holders).
Can I prepay my loan?
  • You can pre-pay your loan with preclosure charges of 5% anytime after completion of 12 EMIs by giving the bank a 21 day notice.
Do I need to open an account with Standard Chartered Bank for availing and/or servicing the loan?
  • We will encourage you to start a banking relationship with us so that we will be able to offer a host of other value added services, which are complementary to the loan, however opening an account with us is not mandatory.
Do I get special privileges as a Standard Chartered Customer?
  • As a Standard Chartered Customer, you will be offered special interest rates, asked for minimal documentation and your application will be processed on priority.
Do I get special privileges as a Standard Chartered Customer?
  • As a Standard Chartered Customer, you will be offered special interest rates, asked for minimal documentation and your application will be processed on priority.

Required Documentation For Salaried Persons

  • Filled Application Form
  • Identity Proof (PAN CARD)
  • Address Proof
  • Latest 3 months Payslips
  • Job Continuity Proof
  • 2 Passport Size colour Photographs
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate

Required Documentation For Self Employed

  • Filled Application Form
  • Identity Proof (PAN CARD)
  • Address Proof
  • Last 2 years Income Tax Returns
  • Professional/Self employed existence proof for more than 3 years
  • 2 Passport Size colour Photographs
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate

Identity Proof For Personal Loan

  • Passport
  • Driving License
  • PAN card
  • Photo credit card (with embossed Signature and last two months statement)
  • Banker's sign verification

Age Proof For Personal Loan

  • PAN Card
  • Passport
  • License
  • School leaving certificate
  • Voter card
  • Birth Certificate
  • LIC policy (only for age Proof)

Income Proof For Personal Loan

  • Latest salary slip
  • Current dated salary Certificate with latest form 16.
  • Latest year IT Returns with Tax Audit reports(For Self Employed applicants)

Job Continuity Proof For Personal Loan

  • Form 16
  • Relieving letter
  • Appointment Letter (for last two months)
  • Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)

Banking History For Personal Loan

  • Bank statements of latest 2 months
  • 3 months bank passbook

Personal Loan Can Be Used For Many Purposes Like Below

Higher Education

Marriage

Vacations

Festivals

Medical Emergency

Home Renovation

Consumer Goods

School Fees

Why To Avail SCB Personal Loans?
Expert Advice
Factors That Affect Interest Rates
Advantages And Disadvantages
10 Things To Keep In Mind
SCB Personal Loan Precautions