Standard Chartered Bank Personal Loan
Standard Chartered provides personal loans with competitive interest rates and minimal processing fees, ensuring affordable borrowing options. The bank offers transparency in loan terms, helping you easily compare rates, repayment periods, and additional fees. This clarity allows you to make informed decisions about the total cost of your loan, whether you’re looking to finance personal projects, consolidate debt, or cover unforeseen expenses. With flexible loan amounts and quick approvals, Standard Chartered ensures a smooth borrowing experience tailored to your financial needs.
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Required documents to Apply for Standard Chartered Bank
- KYC of Applicant (Adhar Card+Pan Card+Passport Size Photo)
- Last 3 month Salary Slip
- Last 6 month Bank Statement in PDF
- Form 16 of last 2 year
- Rent Agreement if rented or Utility Bill if residence is owned
- Sanction Letter of all current running loan if any
- Office ID Card or Official EMAIL ID if any
*Note : Standard Chartered Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
About Standard Chartered Personal Loan
Standard Chartered Personal Loans truly reflect the uniqueness of your ambitions, and that’s exactly what they strive to offer. Understanding that every individual has distinct financial goals, Standard Chartered has designed their personal loan products with flexibility at the forefront. With adjustable terms and repayment methods, you can tailor your loan to fit seamlessly into your financial landscape, accommodating both your aspirations and your capacity to repay.
As one of the most trusted banks in the country, Standard Chartered stands out for its commitment to providing competitive interest rates. Starting at an attractive 11.49%, these rates allow you to borrow with confidence, knowing you’re getting a great deal. Moreover, the bank is transparent about its fees, with processing charges capped at up to 2.25% of the total loan amount.
This clarity and straightforwardness in the lending process mean you can plan your finances without any hidden surprises. Whether you’re looking to fund a home renovation, consolidate existing debt, or simply cover unexpected expenses, Standard Chartered’s personal loans are designed to support a variety of needs. With swift approval processes and a customer-centric approach, securing the funds you need has never been easier. Trust Standard Chartered to help you turn your dreams into reality while maintaining peace of mind through a structured and transparent borrowing experience.
Let us take an example, How EMI is being calculated
For instance, if “Rohan” applies for a personal loan of INR 1.5 Lacs and gets the loan sanctioned at a rate of 14% with a tenure of 36 months, his EMI would be INR 5,000. The total repayment amount over the 36-month period would be INR 1,80,000 (i.e., 5,000 EMI * 36 months), where the total interest amount is INR 30,000 and the principal repayment is INR 1,50,000. Additionally, a one-time processing fee of 2% of the disbursed amount + GST of the loan amount may apply. T&C apply.
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FAQ
A Standard Chartered personal loan is an unsecured loan offered by the bank that provides financial support for various personal needs, such as home renovations, travel, or debt consolidation, without requiring any collateral.
You can use a Standard Chartered personal loan for various purposes, including funding weddings, medical expenses, education, vacations, home improvements, or consolidating existing debts.
To apply for a Standard Chartered personal loan online, visit the bank’s official website, fill out the application form with the required information, and submit the necessary documents digitally.
No, you do not need a guarantor to secure a personal loan from Standard Chartered, as it is an unsecured loan that relies on your creditworthiness and income.
While a negative CIBIL score may affect your eligibility, you can still apply for a personal loan. However, the approval will depend on various factors, including your income and repayment capacity.
The maximum loan amount you can borrow with a Standard Chartered personal loan is typically up to Rs 50 lakh, subject to eligibility criteria.
The repayment tenure for a Standard Chartered personal loan ranges from 12 months to 60 months, allowing you to choose a term that fits your financial situation.
Yes, Standard Chartered may charge a prepayment fee if you choose to pay off your loan early. It’s advisable to check the specific terms and conditions for details.
You typically need to provide proof of identity, address, income, and employment, along with a filled application form and passport-sized photographs.
Once your personal loan application is approved, the funds can be disbursed within 24 to 48 hours, depending on the verification process and documentation.
