Here are a few factors
|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:
TAT: 2 Days to 3 Days
|Foreclosure Charges||AFTER 12 MONTH|
|Part Payment Allowed||Yes, after 1st EMI 25% of loan amount|
|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 %||11 %|
|Emi (monthly)||₹ 8,838|
|Total Interest||₹ 6,058|
|Loan Amount + Interest||₹ 106,058|
|Year||Total Principal |
( A )
|Total Interest |
( B )
( 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
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
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 calculatedFor 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.
(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.