Business Instalment Loan (BIL)

Plan the next stage of your business growth with collateral free business loans.

• Collateral-free loans^# of up to INR 1 Cr for upto 4 years 
• Credit assessment based on latest banking statements and GST statements
• Top-up facility based on existing loan track record
• Faster decisioning of loans

^#Credit at the sole discretion of Standard Chartered Bank

Guaranteed Instalment Loan (GIL)

Put your business on an upward graph with business loans backed with credit guarantee.

• Loans^# of up to INR 1.25 Cr
• Attractive interest rate of 14% p.a.
• Loans with tenure up to 5 years
• Backed with credit guarantee by Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

^#Credit at the sole discretion of Standard Chartered Bank

Loan Against Property (LAP)

Support your business needs by making the most of your residential or commercial property.

• Secured loans^# of up to INR 20 Crores for up to 20 years
• Loans against residential and commercial properties
• Lease Rental Discounting facility with only rental-based eligibility assessment for up to INR 10 Crores
• LAP Saver facility to save on interest
• Loan for purchase of commercial property

^#Credit at the sole discretion of Standard Chartered Bank

Current Account (CA)

Enjoy a range of current account variants customized to suit your business needs. 

• Account tailor-made for domestic, international trade and foreign exchange transactions with more convenience and preferential pricing as throughput routed through the account increases
• Dynamic pricing based on monthly usage across current account variants
• International Business Debit Card: A world class banking experience on the Visa Infinite platform with customized offers, including access to over 1 million ATMs worldwide
• Straight2Bank - a fully-integrated digital banking platform to help you transact 24x7
• Comprehensive range of cash management solutions for SMEs

Business Working Capital (BWC)

Scale up your business with flexible overdrafts, short-term loans, trade finances and foreign exchange hedging with our one-stop solution.

• Facility limits of up to INR 20 Crores across overdraft
• Overdraft of up to 90% of property value, overall Loan to Value of 130% across all fund-based and non-fund based facilities
• Simplified rule-based assessment approach basis GST statements and property value
• Offering facility against residential / commercial properties and FD

Trade/Fx

Trade internationally with the best-in-class real-time Forex rates, easy issuance of Letters of Credit, Bank Guarantees and much more.

• Best-in-class real-time Forex rates
• Multi-currency Forex card and International Visa Infinite business debit card
• Pre and post shipment credit in INR and FCY
• Dedicated treasury specialist and trade advisor
• Ease in handling export and import bills (advance/collection/direct)
• Easy issuance of Letters of Credit and Bank Guarantees

Investment & Insurance

Get expert investment insights that will help you take the right decisions for your business growth. Find a single, easy-to-manage insurance that protects against the key risks that businesses face and offers the right kind of business security.

Features:

Investments:

• Mutual funds from over 15 fund-houses to help you grow your wealth
• Benefit from our in-house research with exhaustive insights on market,asset classes and currencies
• Expertise recognised by the industry – winner of CNBC Financial Advisor Awards for 7 years in a row (Best Foreign Bank)

Insurance:

• Plans that protect your business against fire and allied perils, burglary, fidelity and public liability
• Employee protection with options like Group Health and Group Personal Accident plans, Employer-Employee insurance

S2B (Straight2Bank)

Managing your business is now effortless with our fully-integrated digital Business Banking platform. Focus on your business growth while one platform takes care of your key business functions.

Features:

• Issue cheques and online DD anywhere
• Multi-user access for business partners
• Comprehensive set of customizable reports
• Process multiple RTGS transactions in a single click
• Best-in-class security
• Seamlessly integrated across client ERPs

Frequently Asked Questions

• What is Loan against Property (LAP)?
  A multi-purpose loan at very attractive rates. A loan which can be taken against your owned residential or commercial property, or to purchase commercial property.
• How much loan can I avail and in which locations?
  • Standard Chartered Bank offers you a loan of up to
  • 70% of the market value of your property capped at a maximum ticket size of 20 Crore for 20 years tenure.
  • It is available in 18 locations pan India.
• Who is eligible for a Loan against Property (LAP)?
  • Positive net worth customers across entity type: Proprietorship, partnership and private ltd.
  • Minimum turnover of INR 1 Crore
• What are the basic documents required for applying for the facility?
  • Bank statements for the last 6 months
  • 2 years financials
  • Loan tracks
  • Entity related documents
  • Collateral related documents
  • More specific details would be provided by our sales representative
• What are the benefits for an existing customer?
  • You can top up a loan after 6 months
  • You can avail a host of other trade and working capital, liability and forex offerings at discounted rates
  • You can refer customers and win rewards up to INR 1 lakh
• What are the variants available under Loan against Property (LAP)?
  • Pure term loan facility
  • Home saver facility
  • Bundled with Current account with attractive interest refund of INR 1,50,000
• What is Business Instalment Loan (BIL)?
  • A multi-purpose collateral free loan at attractive rates
  • A loan which can be taken for any of your business purposes
• How much Business Instalment loan can I avail and in which locations?
  • Standard Chartered Bank offers you a loan of up to
  • 1 Crore for 4 years tenure
  • It is available in 18 locations pan India
• Who is eligible for a Business Instalment loan (BIL)?
  • Positive net worth customers across entity type: Proprietorship, Partnership and Private Ltd.
  • Minimum turnover of 1 Crore
• What are the basic documents required for applying for the facility?
  • Bank statements for the last 6 months
  • 2 years financials
  • Loan tracks
  • Entity related documents
  • More specific details would be provided by our sales representative
• What are the benefits for an existing customer?
  • You can top up a Business Instalment loan (BIL) after 8 months
  • You can avail a host of other trade and working capital, liability and forex offerings at discounted rates
  • You can refer customers and win rewards up to INR 50,000
• What are the variants available under Business Instalment loan (BIL)?
  • Pure term loan facility
  • Guarantee instalment loans(CGTMSE)
  • Bundled with Current account
• For whom is the loan / overdraft against property useful?
  • Sole proprietors / proprietorship firms
  • Partnership firms
  • Public/Pvt. Ltd. companies (including closely-held limited companies)
• What is the minimum and maximum annual turnover eligibility for Business Working Capital Loan?
  Minimum turnover of INR 3 Crores, maximum turnover of INR 105 Crores
• What is the maximum loan amount offered on a loan / overdraft against property?
  Standard Chartered Bank offers you a loan of up to INR 20 Crore in Business and Trading Working Capital
• Do I need to have an account with the Bank?
  Our Business Working Capital facility requires you to maintain an operating account with us. Your account with us must have business inflows of at least 50% of the facility limit every quarter to qualify as an operating account
• What are the variants available under Business working capital (BWC)?
  • Property backed overdraft facility (up to 90% of the property value)
  • Unsecured overdraft facility (CGTMSE)
  • Trade facilities : LCM BG, PCFC, CBN
• What is a Business Essential Account?
  Our Business Essential Account is a current account that helps you focus on what you do best - managing your business. It is an account offering enhanced transnational convenience like Straight2Bank, cheque pick-up and debit card offering
• What are the key features of a Business Essential Account?
  • Single product variant and dynamic pricing
  • Straight2Bank (corporate internet banking platform): a web-based platform (via internet) for conducting payments, trade and Forex transactions online
  • Cash management services: A receivable management solution aimed at providing speedy realization of outstation cheques with enhanced logistics support for management cheque collections
  • e-Alert service: Provides the automated delivery of ITT / OTT and RTGS advice by email to the customer, as and when a remittance / RTGS transaction takes place in the customers account
  • Online tax payment facility
• How does the Business Essential Account (BEA) work?
  • Our Business Essential Account (BEA) is simple and innovative without the rigidity of the variant system
  • We offer flexibility in variants and pricing on a dynamic basis
  • This account requires you to maintain an average balance of INR 1 Lakh every month
  • A fee for non-maintenance of balance is charged only if the average monthly balance is below the above-mentioned threshold
• What is dynamic pricing?
  • Based on the average monthly balance, your account will be classified in one of the three balance tiers of Business Essential Account. The tiers are defined as follows:
  • Up to INR 1 Lakh
  • INR 1 Lakh to INR 5 Lakh
  • Above INR 5 Lakh The transaction pricing will depend on the tier the account falls into. So, each month the charges can vary depending on the balance tier maintained - thus being dynamic in nature
• Which entities are eligible for a Business Essential Account offering?
  • Sole proprietors / proprietorship firms
  • Partnership firms
  • Public Limited and PVT. Ltd. companies (including closely-held limited companies)
• What is a Smart Business Account?
  Smart Business Account is an innovative new current account wherein there is no need to maintain an average balance. It provides convenience and flexibility by freeing up precious funds in your current account to be used for your growing business. The account requires you to use the account for a minimum of INR 10 lakh for collections of business credits every month. A monthly fee is charged only if the business credits in a month fall below this threshold.
• What are the key features of a Smart Business Account?
  • Freedom from minimum balances
  • Provides progressively lower charges for various transaction fees, as you route more of your business credits through this account
  • Three tiers of pricing based on the amount of business credits every month
  • Consolidated monthly billing advice
  • Comprehensive range of cash management solutions for SMEs
  • Doorstep banking facility with cheque pick-up
  • Convenience of e-alert services for all NEFT, RTGS and remittance transactions
  • Online tax payment (Excise, Service, VAT and Direct Taxes) facility
  • Business clients Mastercard debit card is especially suited to your business needs with customised limits and available even for joint operating mandate
• What are the variants under a Smart Business Account?
  • The rigidity of variants does not apply to this account. Our account provides progressively lower charges for various transaction fees, as you route more of your business credits through this account. There are three tiers of pricing based on the amount of business credits every month
  • Up to INR 10 lakh
  • INR 10 lakh to INR 40 lakh
  • Above INR 40 lakh
• What accounts for Business Credit Transactions?
  • Inward local bank e-transfers (NEFT and RTGS transfers)
  • Inward local cheques
  • Inward foreign cheques
  • Book transfers
  • Cash deposits
  • Inward telegraphic transfers (covering SWIFT and transfers between Standard Chartered accounts)
• How will I know my Pricing Tier?
  Based on the total business credits in a month, the pricing tier would be arrived at the beginning of next month. Transactional charges as applicable would be levied thereon For your ease of book - keeping, your transaction charges are conveniently consolidated and reflected in the billing advice, which will be sent to you via email every month
• What is an International trade Account (ITA)?
  An account tailor made for international trade and foreign exchange transactions, for more convenience and preferential pricing on forex deals, trade and remittances as the quarterly throughput routed through the account increases.
• What are the key features of an ITA?
  • Dynamic Tiers based on throughput
  • Fungibility on pricing tiers based on either of Throughput or Average Balance maintained
  • Provides progressively lower charges for various transaction fees, as you route more of your business credits through this account
  • Preferential pricing on Trade and FX
• What are the variants under an ITA?
  There are three variants of ITA account basis minimum Quarterly Trade throughput maintained (ITA – 25 lakh, ITA - 50 lakh and ITA - 100 lakh)
• What does fungibility option mean?
  ITA - 50 and ITA - 100 accounts have a throughput and AQB (Average Quarterly Balance) fungibility which means that you will not be charged the Quarterly Trade non maintenance charges, if the accounts have maintained an average quarterly balance of INR 5 lakh and INR 10 lakh respectively
• Which entities are suited for a ITA offering?
  Established Importer / Exporter clients with a considerable foreign trade business