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
|Interest rate||Salaried - 10.75% to 20%|
|Processing Charges||As low as ₹999/- upto 2.50% of the loan amount subject to profile.|
|Prepayment||Pre-payments allowed after the 1st EMI*.|
|Pre-closure charges||13-24 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
Standard-Chartered-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.