Standard Chartered Bank

Standard Chartered offers personal loans with attractive interest rates starting from 11.49% and a processing fee of up to 2.25% of the loan amount. You can borrow up to Rs.50 lakh, with flexible repayment options ranging from 1 to 5 years.

Standard Chartered Bank
No Income Docs Required
100% Paperless Approval
✖
Loan Amount
₹1L -₹50L
Interest Rate
10.60% - 18.00%
Tenure
5 Years
Processing Fee
2.25%
Apply Now
Share:
Fees & Eligibility
Fees & Charges

Pre-Closure Charges Depend on Loan Duration

  • 5% fee if the loan is closed within the first year.
  • 4% fee if closed within 2 years.
  • 2% fee if closed within 3 years.
  • 1% fee if closed after 3 years.
Eligibility Criteria
  •  Your age should be 21 years or above and below 62 years.
Documents
  • You need to submit KYC documents such as your PAN card, address proof, identity proof, and a recent photograph.
Features
What you'll love
  • No Income Proof Needed – If you have a pre-approved offer, you don’t need to submit income documents.
  • Flexible Repayment Options – You can choose to pre-close the loan or make part-payments.
  • No Guarantor Required – You don’t need anyone to stand as a guarantor.
Loan Benefits
– Apply digitally with quick approval and minimal steps.
– No security or guarantor is needed to get the loan.
– Loan amount is usually credited within 4–7 days after successful verification.
– Simple and hassle-free paperwork process.
– Open to both salaried and self-employed individuals.
Proof of identity
Aadhaar, Passport, Voter ID, Driving License, Photo PAN Card, or Ration Card.
Proof of address
Passport, Utility Bills, Rental Agreement, Driving License, Insurance Policy, or Ration Card.
Fees and Charges for this Personal Loan
ChargesDetails
Interest Rate11.49% p.a. onwards
Loan AmountRs.1 lakh - Rs.50 lakh
Pre-Payment Charges1% - 5%
Loan Tenure1 year to 5 years
Late Payment FeeRs.495 + GST
Swap ChargesRs.500 + GST
Guarantor RequirementNo guarantor required

Standard Chartered Personal Loan Eligibility Criteria

To apply for a personal loan from Standard Chartered Bank, you must meet the following eligibility requirements:

  • A minimum monthly salary of Rs. 22,000
  • Age between 22 and 58 years
  • You can be either salaried or self-employed

Why Choose Standard Chartered Personal Loan?

Standard Chartered Personal Loans offer several benefits, making them a popular choice:

  • Attractive loan options
  • Flexible repayment terms
  • Competitive interest rates
  • Simple and fast application process
  • No collateral, security, or guarantor needed
  • Top-up loan facility available

How to Check the Status of Your Standard Chartered Personal Loan?

To check your personal loan status, go to the Standard Chartered website and enter your loan reference number (include the ‘#’ symbol) and your mobile number. Alternatively, you can track your loan status using your registered email ID and mobile number.

Standard Chartered Personal Loan Customer Care

For any questions or concerns about your personal loan, you can contact Standard Chartered's customer care. The bank provides specific numbers for different cities. You can also email or SMS the bank for assistance. For 24/7 support, customer care is available to help. If you’re not happy with the response, you can contact the Principal Nodal Officer for more help.

Frequently Asked Questions

What is the process to apply for a personal loan?

You can apply online through the bank’s official website or by visiting a branch. During the process, you need to provide your basic personal and financial information.

How is EMI calculated and how can I check it?

Your monthly EMI is calculated based on how much you borrow, the interest rate, and the loan tenure. You can use the RatingOK’s online EMI calculator to estimate your monthly installment before applying.

Do I need a guarantor or collateral?

No, personal loans are unsecured, so you do not need to provide any guarantor or security.

What is VKYC and is it available?

Yes, VKYC is available. It allows you to complete your KYC verification through a video call without visiting the branch.

Who can apply for the loan?

Both salaried and self-employed individuals can apply, provided they meet the eligibility criteria set by the bank.

What can I use the loan for?

You can use the personal loan for education, marriage, travel, medical bills, home renovation, or any other personal financial need.

What happens if I miss an EMI?

Missing an EMI may result in late payment charges and can negatively impact your credit score. It is important to make payments on time.

Can I still get a loan if my credit score is low?

Your credit score is checked before approval. If it is low, your application may be rejected or you may be offered a higher interest rate. Maintaining a good credit score improves approval chances.