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Standard Chartered Bank Personal Loan

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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

FAQ

A personal loan is an unsecured loan that you can get from a bank or financial organization to help you meet your financial obligations.

A personal loan can be used for any personal need or purpose. Whether it’s your wedding, traveling Home decor shop, or anything else, a personal loan 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 it 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 be needing any guarantor as a personal loan is a form of an unsecured loan.

No, the bank doesn’t accept a loan application with minus CIBIL scores.

Standard Chartered Bank Personal Loan by Banks

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