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standard chartered bank personal loan

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Product Rating

4.4 /5

Total - 543 ratings

5
338
4
140
3
45
2
8
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12

Mode of Process

Online

Location

As per the list

Lending Size and Tenure

1 Lac- 50Lac (12M-60M)

ROI

10.75%-20%

ROI (Fixed/Reducing)

Reducing

Processing Fees

2.5%

Foreclosure

After 12 Month

Partial Payment Allowance

After 1st EMI 25%

Dealing in Unsecured OD

No

USP

SCB Takes Gross Salary

When you need a personal loan, it's important to find a lender who offers attractive interest rates and reasonable processing fees. When you need a personal loan, it's important to find a lender who offers attractive interest rates and reasonable processing fees. One of the most popular banks in the country, Standard Chartered offers personal loans at attractive interest rates and relatively low processing fees. When you need money fast, it's important to find a lender who will work with you and offer terms you can afford. Standard Chartered Bank will help you compare rates, terms, and fees so you'll know exactly how much it will cost to borrow the money you need.

Here are a few factors about Standard Chartered Bank Personal Loan

Mode of Process

Online

Location

As per the list

Lending Size and Tenure

1 Lac- 50Lac (12M-60M)

ROI

10.75%-20%

ROI (Fixed/Reducing)

Reducing

Processing Fees

2.5%

Foreclosure

After 12 Month

Partial Payment Allowance

After 1st EMI 25%

Dealing in Unsecured OD

No

USP

SCB Takes Gross Salary

Negative Profile for Standard Chartered Bank Personal Loan

A negative list or negative profile is a list of areas of the city where residents would not qualify for credit approval. In India, this has been a relatively new development.

Defence

MCD 4th Grade

Police

Mall Employee

SPA & Salon

Security Guard

Gym

Delivery & Courier Services

Tour & Travel

Bartender 

Taxi Driver

Mandir/

Masjid

/Gurudwara/Church

Real Estate

NGO

Minus 1 CIBIL 

Proprietorship Employee

Partnership Employee

Delivery & Courier Services

Eligibility

Documents Required

  • The age of the applicant should be between 22 to 58
  • The min. salary of the applicant should be 25K for CAT A/B/C & SCB Existing User & 50K for Other
  • The min. Employment should be 3 months of continuous salary
  • Minimum CIBIL score has to be 740

  • KYC of Applicant (PAN+Passport Size Photo+Adhar Card)
  • Last 6 Month Salary Bank Statement in PDF
  • Last 3 Month Salary Slip if Salary is received by Cheque
  • Ownership Proof Latest Utility Bill (If rented then rent agreement)
  • Copy of Cancel Cheque of Salary Account or Passbook front page
  • Last 2 Year Form 16
  • Last 2 Year ITR if Filled
  • Company ID (If not available then Office Mail ID & Land Line Number)
  • Copy of Appointment Letter
  • All Running Loan Sanction letter with repayment schedule

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%

Standard Chartered Bank Customer Care

You can contact the customer care helpline numbers of Standard Chartered Bank to register any issue or concerns pertaining to your credit card. Here are the credit card phone banking hotline numbers that you can call for any credit card-related queries:

  • 6601 4444/3940 4444 (Available between 7:00 a.m. - 11:00 p.m.)
  • 66011500/39401500/1800 425 1000/1800 345 5000 (Available 24x7)
  • 66012424/39402424/6601242/3940242/1800 525 8390 (Available 24x7)

Check More Details to Contact Standard Chartered Bank

FREQUENTLY ASKED QUESTIONS

Have a question? We've got answers!

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.

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