WHY STANDARD CHARTERED BANK
With a strong & steady presence the Standard Chartered Bank has created a niche market.
The organisation has gained a reputation of being consistent despite changes & market upheavals.
The Bank uses its global research and deep local knowledge in India to provide a wide-range of products and services to meet the needs of individual and business customers.
Standard Chartered offers a comprehensive range of home loans, mortgages, credit facilities and overdrafts, tailor made to suit the needs of you and your family: its products & services are designed as per the needs of its customers.
The Personal Loan product of the Standard Chartered Bank has been designed to aid its Salaried & Self Employed Customers fulfil their financial requirement, conveniently without any security or collateral.
Finance achieved from a Personal Loan can be used for a variety of reasons such as family wedding, Home renovation, travel, payment of credit Card bills & refinancing an existing loan.
Eligibility Criteria for Standard Chartered personal loan
Applicant must be above the age of 23 years.
Personal Loans are provided up to the age of 58 years
Applicant must Indian Citizen.
Applicant must be gainfully employed for more than 12 months.
Net Salary Drawn should be over 2500/- net monthly credited to the salary account.
A CIBIL history of more than 12 months is Mandatory.
Personal loan policy of Standard Chartered Bank
Loan amount provided from 1, 00000/- to 30, 00000/-
Person Loans are provided for a tenure ranging from 12 months to 60 months.
Fore closure of the Personal loan is allowed after 12 months.
The Bank allows repayment of the Personal loan through EMI (equated monthly instalments)
The repayment of the loan has to be done on a regular basis in order to avoid late fee charges.
The Rate of Interest is fixed for the entire tenure applicable, the EMI will remain constant.
Processing fees are not charged upfront but deducted from Loan amount.
The Loan will amount when sanctioned will get directly credited to the Salary account.