You can avail of personal loans ranging from Rs 1 Lakh to 50 Lakhs depending on your eligibility, income and repayment capacity.
The loan can be repaid over a period of 12 to 60 months.
A processing fee and requisite documentation charges are payable upfront. This fee will be deducted from the Loan amount at the time of disbursal.
Your loan will be disbursed within 4-7 working days post receipt of the required documents. Loan sanction and disbursal is at the sole discretion of the bank.
No security, collateral or guarantors are required for obtaining a Personal Loan with Standard Chartered Bank.
EMI stands for Equated Monthly Installments. This installment comprises both principal and interest components.
You can repay the loan in Equated Monthly Installments (EMI's) using the ECS facility, post-dated cheques favouring Standard Chartered Bank or a direct account debit (only for Standard Chartered Bank Account holders).
You can repay your loan with preclosure charges of 5% anytime after completion of 12 EMIs by giving the bank a 21 day notice.
We will encourage you to start a banking relationship with us so that we will be able to offer a host of other value added services, which are complementary to the loan, however opening an account with us is not mandatory.
As a Standard Chartered Customer, you will be offered special interest rates, asked for minimal documentation and your application will be processed on priority. You can also pay your EMI through standing instruction to debit your account.
Standard Chartered offers a Personal Loan for any of your personal requirements. You can use it for your child's higher education, purchasing consumer durables or a personal computer, a car or a two wheeler, to meet the expenses of family functions, to go on a vacation, to consolidate your expensive debt into a cheaper debt - or just about any personal payment requirement!
All resident individuals meeting our criteria can apply for a personal loan with Standard Chartered Bank.
Yes, you might be eligible for an additional amount if it has been 6 months or more since you have availed of your loan. To find out if you are eligible, please apply online and let our advisor call you.
It's simple! Fill in your details in the form and let our advisors call you and help you with your needs.
At the time of booking of your loan, the EMI (Equated Monthly Installments) is calculated based on the loan amount sanctioned, interest rate and tenure.