Standard Chartered Bank Personal Loan

 

About Standard Chartered Bank Personal Loan

Standard Chartered Bank is the largest international bank that’s been operating in India since the year 1858. Its branches are spread over 42 Indian cities and it offers a wide range of services to Indian customers, including personal banking, NRI banking, priority banking, private banking and more. Standard Chartered Bank offers personal loans, home loans etc. under its personal banking services in India.

Standard Chartered personal loan can be used for any personal requirement like purchase of consumer durables, a two wheeler, family vacation, wedding, higher education or just about making any type of personal payment. Details on Standard Chartered Bank personal loan eligibility criteria, features and fees for both salaried and self-employed individuals are provided below.

Personal Loan Eligibility Criteria for Salaried / Self-Employed

Standard Chartered personal loan can be availed by both salaried as well as self-employed individuals. In order to be eligible for this personal loan you must be at least 21 years old at the time of sanctioning of the loan application. Your age shouldn’t exceed 58 years. In addition, your monthly take-home income should be a minimum INR 22,000. Furthermore, you should also be able to provide all the requested documentation to support your eligibility for the loan. Following are the exact and up-to-date eligibility criteria for Standard Chartered Bank personal loan.

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

4k – 65k

Minimum Income (Doctors/ Chartered Accountants)

4k – 65k

Minimum Income (Company Secretary / Architect)

4k – 65k

Minimum Income Self Employed (Businessman)

Standard Chartered Bank Personal Loan Features / Details

Standard Chartered Bank personal loan comes with some unique features that make it stand out from other similar products in the marketplace. You can get a waiver on your last EMI if your personal loan has a tenure of 36, 48 or 60 months. Else, you can even get a 2% cash back on the EMI paid. They have comprehensive online banking and mobile banking solutions making transactions a very smooth affair. The availed Standard Chartered Bank personal loan amount can range from INR 1 lakh to INR 30 lakh depending upon your profile and repayment capacity. The repayment tenure can vary from 12 to 60 months. Standard Chartered bank ensures that all approved personal loans are disbursed in a maximum of 4 to 7 working days after the receipt of the documents. There is no need of a guarantor, collateral or security to avail their personal loan. Exact and latest details on Standard Chartered Bank personal loan features can be found below.

18.25%

Interest Rate (Min)

Upto XX Years.

Loan Tenure

25k – 50Lacs

Loan Amount (Min – Max)

Standard Chartered Bank Personal Loan Fees / Charges

Standard Chartered Bank personal loan involves a one-time processing fee of up to 3% of the loan amount, which is deducted at the time of disbursal. Online applications get a 50% discount on the processing fee. Other than the processing fee, charges like late payment fee, loan cancellation charges, amortization schedule charges, fee for duplicate copy of no objection certificate, foreclosure charges etc. might also come into application depending upon the circumstances and requirements. You can find more details on the precise and updated Standard Chartered personal loan charges below.

2.4% of Loan Amount.

Processing Fees

2.4% – 5.2% of amount prepaid.

Pre-payment Charges

Yes / No

Part Payment Facility

2000

Part Payment Processing Fees