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Standard Chartered Bank

With Flexible repayment with tenor up to 60 months Standard chartered Bank brings you Personal Loans of up to ₹ 75 lacs with interest Rates from 10.99%* onwards. We fund customers working with listed and unlisted companies accordingly with Hassle-free documentation process. Need not to say No Security or Guarantor required for personal loans and business loans. Best services offered with part payment and foreclosure facilities

Standard-Chartered-Bank Personal loan Interest Rates

ParticularsDetails
Interest rateSalaried – 10.75% to 20%
Processing ChargesAs low as ₹999/- upto 2.50% of the loan amount subject to profile.
PrepaymentPre-payments allowed after the 1st EMI*.
Pre-closure charges13-24 Months – 4% of Principal Outstanding,
25-36 Months – 3% is applicable on payments,
36-60 Months – 2% is applicable post 36 months.

Standard Charted Personal Loan Eligibility Criteria

The following people are eligible to apply for a Standard Charted Personal Loan:
  • Self Employed Professionals:– Allopathic doctors, chartered accountants, company secretaries and architects who are practicing their profession.
  • Self Employed Non Professionals: – Traders and manufacturers, retailers, Proprietors, and service providers etc.
  • Entities:-Partnerships, Limited Liability Partnership, Private Limited and closely held Limited companies.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

LOAN AMOUNT INTEREST RATE TENURE MONTHLY INSTALMENT TOTAL INTEREST AMOUNT TOTAL AMOUNT
₹ 2,00,000 14% 1 ₹ 17,957 ₹ 15,489 ₹ 2,15,489
₹ 2,00,000 14% 2 ₹ 9603 ₹ 30,462 ₹ 2,30,462
₹ 2,00,000 14% 3 ₹ 6836 ₹ 46,079 ₹ 2,46,079
₹ 2,00,000 14% 4 ₹ 5465 ₹ 62,334 ₹ 2,62,334
₹ 2,00,000 14% 5 ₹ 4654 ₹ 79,219 ₹ 2,79,219

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

LOAN AMOUNT INTEREST RATE TENURE MONTHLY INSTALMENT
₹ 2,00,000 14% 1 ₹ 17,957
₹ 2,00,000 14% 2 ₹ 9603
₹ 2,00,000 14% 3 ₹ 6836
₹ 2,00,000 14% 4 ₹ 5465
₹ 2,00,000 14% 5 ₹ 4654

Documents Required for Standard-Chartered-Bank Personal Loan

HDFC Bank requires a set of documents for authentication purposes for your personal loan:

  • Photo Identity Proof: – (Self-attested copy of any one document) Passport, PAN Card, Voter Identity Card, Driving License, Aadhaar Card
  • Address Proof:- (Self-attested copy of any one document) Ration Card, Passport, Bank Account Statement, Aadhaar Card, Driving License, Electricity Bill, Telephone Bill, Sale Deed/ Property Purchase Agreement (for owned properties)
  • Income Proof – (Self-attested copy of any one document)

For Salaried Individuals:  Last 3 months/6 months bank statement (dependent on scheme) showing salary credits, Latest 3 months Salary Slip

For Self-Employed Individuals: 2 years ITR, P&L and Balance Sheet for the last 2 years, Last 3 Months Bank Statement

  • Ownership Proof
  • Business Proof (Self-attested copy of any one document)

For Self-Employed Individuals: Qualification Certificate/Certificate of Practice (COP), Shop Act License/ MOA & AOA/ Sales Tax/ Vat registration/ Partnership Deed

How to Apply

  • Online Application: – You can apply for a personal loan online by filling a form on the website. By applying for a personal loan online you can get your eligible loan amount instantly.
  • Document Submission: The relationship manager will fix up an appointment to come to your premises and collect the requisite documents for quick personal loans.
  • Verification: After your documents have been collected, your personal loan application will be verified; this may involve a personal discussion with you.
  • Approval & Disbursal: If the reports are satisfactory after verification, your loan will be approved and the money will be deposited in the same bank account for which the statement has been provided.

Check your Eligibility

Check your eligibility

Home Loan Interest Rates October 2020
Axis Bank 7.75% – 8.55%
Bank of Baroda 7.00% – 8.40%
Citibank 8.20%
HDFC 6.90% – 7.65%
ICICI Bank 6.95% – 8.05%
Indiabulls Housing Finance Limited 8.80% – 11.05%
Kotak Bank 7.20% – 9.30%
LIC Housing 6.90% – 7.90%
Piramal Capital & Housing Finance 9.00% – 9.10%
PNB Housing Finance 7.90% – 9.20%
Reliance Home Finance 8.75% – 14.00%
State Bank of India/SBI 6.95% – 7.60%
Tata Capital 9.20% – 9.35%
Minimum annualized percentage rate is 10.5% to 26% with a flexible repayment period of 12 to 60 months. Also full repayment in 30 days or less is not allowed.
 
Consider a salaried customer avails a Personal Loan of ₹1 Lakh at an interest rate of 14%. The lenders also charge a processing fee, that needs to be paid to get the loan processed and is usually 0-3% of the loan amount. Consider the processing fee to be ₹2250 for a tenure of 60 months. Then, the total interest payable is ₹39,609 and total amount payable is ₹1,41,859. The EMI will be ₹2,326 per month.
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