
Here are a few factors
Location | PAN INDIA |
CIBIL Score | 740+ |
Minimum Salary Per Month | 25000/- Per Month |
Salary Mode | NEFT,RTGS,COMPANY TRANSFER |
Applicant Age | 21 Year to 55 Year |
Loan Amount & Tenure | 1
Lac to 1 Cr (12 Month to 60 Month) |
Rate of Interest (Type) | 11.49% to 20% (Reducing) |
Processing Fees | 1% - 3% |
Processing Mode & TAT | Processing:
Online TAT: 2 Days to 3 Days |
Foreclosure Charges | AFTER 12 MONTH |
Part Payment Allowed | Yes, after 1st EMI 25% of loan amount |
OD Product | No |
BT+TopUp | No |
Minimum Job Experience | 3 month |
Current Employer Business Vintage | 2 Year |
FOIR | 65% of Net Salary |
Whether Co-Applicant Mandatory | No |
USP | Loan for Higher Period |
Negative Profile | 1. Employee whose Salary receive
in Cash & UPI 2. NGO Employee, Taxi Driver, Real Estate Employee, Barteneders, Security Gaurds, SPA & Salon Employee, 4th Grade Employee, Defence Employee, Police,Travelling Industry 3. Employee working in Proprietorship Firm/Partnership Firm 4. NRI Employee |
standard chartered bank personal loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
Loan Amount | ₹100,000 |
Interest % | 11 % |
Tenure (months) | 12 |
Emi (monthly) | ₹ 8,838 |
Total Interest | ₹ 6,058 |
Loan Amount + Interest | ₹ 106,058 |
Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
₹ 23,982 | ₹ 2,532 | ₹ 26,514 | ₹ 76,018 | 23.98 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
₹ 76,015 | ₹ 3,527 | ₹ 79,542 | ₹ 3 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Required Documents to Apply for Standard Chartered Bank Personal Loan
-
KYC of Applicant (Adhar Card+Pan Card+Passport Size Photo)
-
Last 3 month Salary Slip
-
Last 6 month Bank Statement in PDF
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Form 16 of last 2 year
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Rent Agreement if rented or Utility Bill if residence is owned
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Sanction Letter of all current running loan if any
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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
Your funding should reflect the individuality of your ambitions. Standard Chartered Personal loans include adjustable terms and methods for repayment, making sure that your financial path fits your unique demands and capacity.
Standard Chartered, one of the most well-known banks in the nation, provides personal loans with competitive interest rates and minimal processing costs. Standard Chartered offers personal loans with interest rates starting at 11.49%; the processing charge that applies to the loan is up to 2.25% of the sum of money taken out.
TGet Started With Standard Chartered Personal Loan in a Few Steps

Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.

Let us take an example, How EMI is being calculated
For instance, if "Shubham" applies for a Personal loan of INR 1 Lacs and get the loan sanctioned at the rate of 15 % with a tenure range of 36 Months , in such a case his EMI would be INR 3,467 and complete repayment amount till the end of 36 Months tenure would be INR 1,24,795 (i.e 3,467 EMI * 36 Months), wherein the total interest amount is INR 24,795 along with principal repayment of INR ₹1,24,795 . Few additional charges like those of minimal one-time processing fee upto 2-3% of loan amount may apply. T&C apply.Year | Principal (A) |
Interest (B) |
Total Payment (A + B) |
Balance | Loan Paid To Date |
---|---|---|---|---|---|
2022 | ₹ 11,363 | ₹ 5,969 | ₹ 17,333 | ₹ 88,637 | 11.36% |
Aug | ₹ 2,217 | ₹ 1,250 | ₹ 3,467 | ₹ 97,783 | 2.22% |
Sep | ₹ 2,244 | ₹ 1,222 | ₹ 3,467 | ₹ 95,539 | 4.46% |
Oct | ₹ 2,272 | ₹ 1,194 | ₹ 3,467 | ₹ 93,267 | 6.73% |
Nov | ₹ 2,301 | ₹ 1,166 | ₹ 3,467 | ₹ 90,966 | 9.03% |
Dec | ₹ 2,329 | ₹ 1,137 | ₹ 3,467 | ₹ 88,637 | 11.36% |
2023 | ₹ 30,332 | ₹ 11,266 | ₹ 41,598 | ₹ 58,305 | 41.70% |
Jan | ₹ 2,359 | ₹ 1,108 | ₹ 3,467 | ₹ 86,278 | 13.72% |
Feb | ₹ 2,388 | ₹ 1,078 | ₹ 3,467 | ₹ 83,890 | 16.11% |
Mar | ₹ 2,418 | ₹ 1,049 | ₹ 3,467 | ₹ 81,472 | 18.53% |
Apr | ₹ 2,448 | ₹ 1,018 | ₹ 3,467 | ₹ 79,024 | 20.98% |
May | ₹ 2,479 | ₹ 988 | ₹ 3,467 | ₹ 76,545 | 23.45% |
Jun | ₹ 2,510 | ₹ 957 | ₹ 3,467 | ₹ 74,036 | 25.96% |
Jul | ₹ 2,541 | ₹ 925 | ₹ 3,467 | ₹ 71,495 | 28.51% |
Aug | ₹ 2,573 | ₹ 894 | ₹ 3,467 | ₹ 68,922 | 31.08% |
Sep | ₹ 2,605 | ₹ 862 | ₹ 3,467 | ₹ 66,317 | 33.68% |
Oct | ₹ 2,638 | ₹ 829 | ₹ 3,467 | ₹ 63,679 | 36.32% |
Nov | ₹ 2,671 | ₹ 796 | ₹ 3,467 | ₹ 61,009 | 38.99% |
Dec | ₹ 2,704 | ₹ 763 | ₹ 3,467 | ₹ 58,305 | 41.70% |
2024 | ₹ 35,208 | ₹ 6,390 | ₹ 41,598 | ₹ 23,097 | 76.90% |
Jan | ₹ 2,738 | ₹ 729 | ₹ 3,467 | ₹ 55,567 | 44.43% |
Feb | ₹ 2,772 | ₹ 695 | ₹ 3,467 | ₹ 52,795 | 47.20% |
Mar | ₹ 2,807 | ₹ 660 | ₹ 3,467 | ₹ 49,988 | 50.01% |
Apr | ₹ 2,842 | ₹ 625 | ₹ 3,467 | ₹ 47,147 | 52.85% |
May | ₹ 2,877 | ₹ 589 | ₹ 3,467 | ₹ 44,270 | 55.73% |
Jun | ₹ 2,913 | ₹ 553 | ₹ 3,467 | ₹ 41,356 | 58.64% |
Jul | ₹ 2,950 | ₹ 517 | ₹ 3,467 | ₹ 38,407 | 61.59% |
Aug | ₹ 2,986 | ₹ 480 | ₹ 3,467 | ₹ 35,420 | 64.58% |
Sep | ₹ 3,024 | ₹ 443 | ₹ 3,467 | ₹ 32,397 | 67.60% |
Oct | ₹ 3,062 | ₹ 405 | ₹ 3,467 | ₹ 29,335 | 70.67% |
Nov | ₹ 3,100 | ₹ 367 | ₹ 3,467 | ₹ 26,235 | 73.76% |
Dec | ₹ 3,139 | ₹ 328 | ₹ 3,467 | ₹ 23,097 | 76.90% |
2025 | ₹ 23,097 | ₹ 1,169 | ₹ 24,266 | ₹ 0 | 100.00% |
Jan | ₹ 3,178 | ₹ 289 | ₹ 3,467 | ₹ 19,919 | 80.08% |
Feb | ₹ 3,218 | ₹ 249 | ₹ 3,467 | ₹ 16,701 | 83.30% |
Mar | ₹ 3,258 | ₹ 209 | ₹ 3,467 | ₹ 13,443 | 86.56% |
Apr | ₹ 3,298 | ₹ 168 | ₹ 3,467 | ₹ 10,145 | 89.86% |
May | ₹ 3,340 | ₹ 127 | ₹ 3,467 | ₹ 6,805 | 93.19% |
Jun | ₹ 3,381 | ₹ 85 | ₹ 3,467 | ₹ 3,424 | 96.58% |
Jul | ₹ 3,424 | ₹ 43 | ₹ 3,467 | ₹ 0 | 100.00% |
FREQUENTLY ASKED QUESTIONS
A personal loan from Standard Chartered bank is an unsecured loan that you can get from this bank to help you meet your financial obligations.
A Standard Chartered personal loan can be used for individual needs or purposes. Whether it’s your wedding, traveling Home decor shop, or anything else, a personal loan from Standard Chartered can cover all these.
When you apply for a personal loan from Standard Chartered Bank online by clicking on the link https://www.sc.com/in/loans/personal-loans, you will have to click on the ‘Apply Now button. Under ‘Get Instant Decisions,’ enter your name and contact details as asked and submit them along with all necessary documents. The bank will verify all submitted documents and disburse the loan amount to your bank account within two working days.
No, you won’t need any guarantor while applying for the Standard Chartered personal loan, as a personal loan is a form of an unsecured loan.
The Standard Chartered bank doesn’t accept a loan application with minus CIBIL scores.
Yes, personal loan
interest rates can vary based on several factors such as your credit history, repayment
ability, age, and more. At Standard Chartered Bank, the current interest rate
starts at 11.49% per annum, but the exact rate you receive will depend on your
individual circumstances.
The current interest
rate for personal loans at Standard Chartered Bank starts at 11.49% per annum.
Standard Chartered Bank
considers several factors when determining the interest rate for a personal
loan. These include your credit history, monthly income, loan amount, and loan
tenure. This helps them assess your ability to repay the loan and determine the
suitable interest rate for you.
A credit rating is a
score that banks use to assess the risk of lending money to an individual. The
score is based on various factors such as the information provided on a loan
application, your employment history, and how you manage other accounts with
the bank. Information from credit information agencies, such as your borrowing
and payment history, is also used. All of these factors can impact your credit
rating and, in turn, the interest rate that you receive for a personal loan.
Yes, there is a
processing fee that is charged for personal loans at Standard Chartered Bank.
This fee can be up to 3% of the loan amount, but Standard Chartered Bank
offers a 50% discount on this fee for customers who apply online. For more
information, you can check the schedule of charges on the Standard Chartered
Bank personal loan page
The interest rate for a
personal loan is determined based on various factors such as your credit score,
repayment history, monthly income, relationship with the bank, and the
reputation of your employer. The bank assesses your financial profile and loan
details to determine the interest rate for your personal loan.
APR stands for Annual
Percentage Rate and it represents the interest rate charged by the bank for a
loan over a one-year period. It is an annual rate that takes into account the
total amount of the loan borrowed by the loanee.
Video KYC is a feature
offered by Standard Chartered Bank that allows you to complete your Know Your
Customer (KYC) process through a video call from the comfort of your home. You
can use Video KYC while applying online for a Standard Chartered credit card,
personal loan, or savings account.
GST is not applied to
the loan amount or the interest charged on it by any bank, including Standard
Chartered Bank. However, GST may be charged on fees such as processing fees,
commission, brokerage, service charges, cheque return fees, documentation fees,
etc.
Yes, it is possible to
transfer your personal loan from HDFC Bank to Standard Chartered Bank after
completing 12 EMIs. However, there will be some charges involved. Both banks
charge a fee, with HDFC Bank having a pre-closing charge of 2-4% of the
principal outstanding and Standard Chartered Bank having a processing fee of 3%
of the loan amount. To successfully transfer your loan, make sure to get a NOC
from HDFC Bank and have all the necessary documents ready for submission to
Standard Chartered Bank.
It usually takes 4-7
days for the bank to approve your loan and credit the amount to your account.
This is likely due to
your friend's credit score, which may be higher than yours. A credit score of
740 or higher may result in a lower interest rate.
Yes, you can
pre-pay your loan after you have completed 12 EMIs. However, there will be a 5%
pre-closure charge and you must give the bank 21 days' notice before
pre-paying.
Yes, if you have
been a customer of Standard Chartered Bank for at least 6 months and have taken
out a personal loan in the past, you may be eligible to apply for an additional
loan. You can check your eligibility online and then receive a call from a bank
advisor.
Yes, being a
Standard Chartered Bank customer means you will receive special privileges such
as better interest rates, less documentation required, and faster loan processing.
The bank can also auto-debit your EMIs from your account.
The interest rate
for personal loans from Standard Chartered Bank is between 11.49% p.a. and 20%
p.a.
Yes, you can
pre-close your personal loan after completing one year of paying EMIs. You must
give the bank 21 days' notice before pre-closing.
No, you must visit
a Standard Chartered Bank branch to pre-close your personal loan.
To pre-close your
loan before one year, you must send a request to the bank.
Yes, if you meet the
eligibility criteria and have a good relationship with the bank, you may be
able to negotiate the interest rate.
You will need to bring
proof of identity (e.g. Aadhaar card, passport), proof of address (e.g. ration
card, Aadhaar card), proof of income (e.g. Form 16, salary slips, bank
statements), PAN card, and passport-sized photos.
Yes, it's possible for
individuals who are not customers of Standard Chartered Bank to apply for a
personal loan with the bank.
You can request the
bank's customer service to provide you with a repayment schedule, which will
show your current personal loan balance.
Standard Chartered Bank
customers can pay their personal loan EMIs through the Electronic Clearing
Service (ECS) or set up automatic debit payments through Standing Instructions
with the bank.
To make your personal
loan EMI payments through online banking, you'll need to link your loan account
with your online banking account and then choose the auto-debit payment option.
If you have an online
banking account with Standard Chartered Bank, you can download a statement for
your personal loan, which will show a record of your past EMI payments. You can
also request a personal loan repayment schedule from the bank to check your
balance.
Yes, you can. All you
need to do is link your personal loan account with your online banking account
at another bank and then schedule your EMI payments through that account.
When you apply for a
personal loan with Standard Chartered Bank, make sure to provide the bank with
your mobile number so you can receive updates about your loan through text
messages.
You can track the status
of your personal loan application by using your application reference number
and your mobile number on the Standard Chartered Bank website or by visiting a
bank branch.
Standard Chartered Bank
aims to disburse personal loans within 4 to 7 days of receiving all necessary
documents.
Yes, Standard Chartered
Bank is a legitimate international bank that was formed in 1969 through the
merger of two separate banks: Standard Bank of British South Africa and the
Chartered Bank of India, Australia, and China. Today, it operates in over 60
countries across Asia, Africa, and the Middle East.
A basic bank account
with Standard Chartered Bank may not offer an overdraft, rewards, or interest
on your balance.
Being a customer of
Standard Chartered Bank offers core banking funding for retirement and
insurance, and flexible working options.