One of the most popular banks in the country, Standard Chartered offers personal loans at attractive interest rates and relatively low processing fees. The interest rates offered on Standard Chartered personal loans start from 11.49%, and the processing fee applicable to the loan is up to 2.25% of the amount borrowed. The maximum amount you can borrow is Rs.1 lakh, and the repayment tenure is quite flexible, ranging from 1 year to 5 years.
Standard Chartered offers personal loans with interest rates starting from 11.49% onwards The processing fee applicable to the loan is 2.25% of the amount borrowed. The maximum amount you can borrow is Rs.50 lakh, and the repayment tenure is quite flexible, ranging from 1 year to 5 years.
Interest Rate | 11.49% p.a. onwards |
Loan Amount | Rs.1 lakh – Rs.50 lakh |
Pre-Payment Charges | 1% – 5% |
Loan Tenure | 1 year to 5 years |
Late payment fee | Rs.495 + GST |
Swap charges | Rs.500 + GST |
Guarantor Requirement | No guarantor required |
• Standard Chartered Personal Loan is available for both salaried and non-salaried individuals.
• The bank does not ask for security or guarantor.
• Documentation processes are easy and simple.
• You can apply online and get instant approval.
• The loan will get disbursed within 4-7 days post the verification of the application form.
Given below are the list of documents you will have to submit in order to avail a personal loan from Standard Chartered Bank:
• Proof of identityAadhaar, Passport, Voter ID, Driving License, Photo PAN Card, Photo Ration Card, etc.
• Proof of AddressPassport, Utility Bills, Rental Agreement letter, Driving License, Insurance Policy, Ration Card, etc.
Given below are the eligibility criteria you will have to fulfil to apply for a personal loan from Standard Chartered Bank:
• The minimum monthly salary should be more than Rs.22,000.
• The minimum and maximum age of eligibility are 22 years and 58 years respectively.
• The applicant must either be self-employed or salaried.
There are many reasons why Standard Chartered personal loans has become the preferred choice for many to fulfil their requirements. Standard Chartered offers:
• Attractive schemes
• Flexible and long repayment tenures
• Competitive interest rates
• Smooth application processing
• Security, collateral, or guarantors are not required.
• Loan top-up facility available.
You can simply go to the official website of the bank and enter vital details regarding your loan to track the status of your loan. You can monitor the status of your personal loan application through a reference number or without a reference number. While entering your loan application reference number, you will have to enter the ‘#’ symbol. You will also be required to key in your mobile number. For tracking without a reference number, enter your registered email ID and mobile number.
Do you have any doubt about your personal loan borrowed from the international bank, Standard Chartered Bank? You can call the bank’s customer care helpline number and get answers to all your questions. The bank has exclusive customer care numbers for different cities. You may also send an email to the bank with full details about your query or complaint. You may also send an SMS to the bank that offers 24-hour customer care to its personal loan customers and customers of other products. In case you are not happy with the bank’s solution, you can get in touch with the bank’s Principal Nodal Officer.
1. How can I apply for a Standard Chartered Bank personal loan online?
You can apply for a personal loan from Standard Chartered Bank online by clicking on the link https://www.sc.com/in/loans/personal-loans/ where you will have to click on the ‘Apply Now’ button. Under ‘Get Instant Decisions’, enter the details as asked and submit it along with all the necessary documents. The bank will verify all the documents and will disburse the loan amount to your bank account.
2. Is VKYC facility available?
Yes, the bank offers the VKYC facility.
3. What is VKYC facility?
During your application process for personal loan, you will have to get your Know your Customer (KYC) process done. Instead of going to the bank, you can get your KYC done through video from the comfort of your home.
4. For what purposes can I avail a personal loan from Standard Chartered Bank?
You can avail a personal loan to meet the cost of education, marriage, vacation, etc.
5. Do I need a guarantor to apply for a personal loan from Standard Chartered Bank?
Since personal loans are unsecured loans, you will not need a guarantor or any form of security for it.
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