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standard chartered bank business loan
Standard Chartered Bank provides business loans to Micro and Small Enterprises (MSEs) to establish or expand trade, service, or manufacturing business.Powered By
standard chartered bank business loan
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Here are a few factors
Loan amount |
Upto 1 crore |
Repayment tenure |
4 years |
Processing fee |
2% of disbursed loan amount |
Prepayment penalty |
5% of principal outstanding |
Location |
PAN India |
Mode |
Offline |
Start with Standard chartered bank business loan in few steps
If you are planning to apply for a business loan at Standard chartered bank business loan there are certain details that you should be aware of, Let’s discuss
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, you will receive your loan amount shortly.
Documents and Eligibility Required for Standard Chartered Bank Business Loan
Let’s look into the eligibilities and required Documentation to make your application process even smoother:
Documents Required
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
About standard chartered bank business loan
Standard Chartered plc is a British multinational banking and financial services company. It is a universal bank with operations in consumer, corporate and institutional banking and treasury services. In December 2010, Standard Chartered was recognized as the Global Bank of the Year in The Banker's Bank of the Year 2010 awards. They are offering the best business loan in the market for rising businessmen.
Their business loan is probably the best way to grow your per capita income by incorporating more business ideas. For your information, Standard Chartered Bank provides business loans to Micro and Small Enterprises (MSEs). The loan amount can be used to establish or expand trade, service, or manufacturing business. They have two provisions for business loans, one is a business installment loan, and the second one is a guaranteed installment loan. Moving ahead, we will put more focus on the Business Loan provided by Standard Chartered Bank.
FREQUENTLY ASKED QUESTIONS
There is an option for incremental funding post 10 months of clean repayment.
You have the option to fill out the online form on the website of Referloan. You just need to fill your phone number and generate OTP to move ahead with your application.
Yes, a processing fee of 2% is levied on the business loan.
The maximum loan amount for Standard Chartered Business Loan is worth 1 crore. However, your loan will be approved after assessing your eligibility.
The repayment tenure for the Standard Chartered Business Loan is 4 years. However, you can prepay your loan if you desire.
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