Standard Chartered Bank Chennai
Last Updated : Aug. 30, 2018, 5:53 p.m.
About Standard Chartered Bank
The Standard Chartered bank came into existence in the year 1969 as a result of the merger between the two different banks, the Standard Bank of British South Africa and the Chartered Bank of India. The bank hosts a number of products and services to its customers such as home loans, mortgages, credit facilities and overdrafts apart from priority sector lending, the bank transcends into corporate and business banking, private banking and NRI banking.
Standard Chartered Bank acknowledges its presence in the region of Chennai through the existence of its branches there. Chennai which is popularly known as the “Industrial hub of South India” reckon 45% of India's auto components and 27 % of the vehicle industry. The city also shelters several manufacturing units of various automobile giants across the globe like Mitsubishi, Ford, Hyundai, Ashok Leyland, Royal Enfield, TAFE, MRF, Dunlop as well as TI Cycles to name a few. The railway coaches and other rolling stock for Indian Railways are manufactured by the Integral Coach Factory. The city has achieved a special status of calling as the “Detroit of Southern Asia”, thanks to the financial infusion made by the banking sector including the Standard Chartered Bank which is responsible for expanding an industrial base.
Moreover, Chennai is a leading exporter of India which exports more than 50% of India's leather. A special economic zone(SEZ) set up in the city manufactures apparels and footwear, adding to the glory of Chennai's prosperity as it is known to be a major electronics manufacturing hub. The major reason behind the opulence of the city is the presence of prominent financial institutions, including the World Bank, HSBC, Citi Bank as well as Standard Chartered Bank. Chennai shelters three large national level commercial banks and many state level co-operative banks, finance and insurance companies. The time-to-time financial assistance obtained from the banking sector including Standard Chartered Bank has made the prosperity of Chennai still alive.
Branch Addresses of Standard Chartered Bank Chennai
| Branch Name | Complete Address | IFSC | MICR | Contact Number |
|---|---|---|---|---|
| Anna Salai Branch | 187, Anna Salai, Chennai 600 001. | SCBL0036088 | 600036009 | 044-28564014 |
| Adyar | No. 6, Lattice Bridge Road, Adyar, Chennai - 600 020 | SCBL0036080 | 600036006 | 044-42027272 |
| Haddows Road | Grindlays Gardens, 1-haddows Road, Chennai - 600 006 | SCBL0036079 | 600036007 | 044-282 19666 |
| Rajaji Salai | Grindlays Centre, 19, Rajaji Salai, Chennai - 600 001 | SCBL0036078 | 600036002 | 044-25349200 |
| RRT Mylapore | Mylapore-raja Rajeshwari Towers29 30, Dr.radhakrishnan Salai, Chennai - 600 004 | SCBL0036072 | 600036003 | 044-42107373 |
| T Nagar | Sagas Amar Court, 59,g.n. Chetty Road, T.nagar, Chennai - 600 017 | SCBL0036083 | 600036008 | 044-28158707 |
Products Offered by Standard Chartered Bank Chennai
| Product | Eligibility | Loan Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| Home Loan | (i) Salaried and Self-employed Individuals are eligible to apply (ii) Co-applicants can also be included | Starting from ₹ 10 lakhs upto ₹ 15 crores | Starting at 8.65%* | 0.5% to 1.50% of the sanctioned loan amount depending on the scheme you choose. | 5 to 25 years |
| Personal Loan | (i) Salaried and Self-employed individuals are eligible to apply. | (i) Starting from ₹ 1,00,000 to ₹ 30,00,000 (ii) Loans upto ₹ 30 lakhs for salaried employees, and upto ₹ 10 lakhs for entrepreneurs | 11.49% Onwards | 3% of the loan amounts and requisite documentation charges is payable upfront. | 1 to 5 years |
| Business Loan | Micro & Small Enterprises(MSEs) are eligible to apply for Business Instalment Loan & Guaranteed Instalment Loan | Starting from ₹ 10 lakhs and Upto ₹ 75 lakhs, depending on the financial eligibility conditions being met | 17.25% p.a. for Business Instalment Loan & 13.5% p.a. for Guaranteed Instalment Loan | 2% of the amount disbursed | Upto 5 years |
| Loan Against Property | (i) Salaried, Self-employed individuals, Partnership firms, Private limited and Closely-held – companies are eligible to apply. | Loans upto ₹ 10 crores | Borrow up to 70% of the market value of your residential or commercial property, then use the money for personal expenses | 2% of the amount disbursed | Upto 15 years |
| Fixed Deposit | Individuals, Hindu Undivided Families (HUFs), Minor represented by parents/guardian,Guardian on behalf of societies, clubs, trusts and associations, associations, clubs, trusts, sole proprietorship firms, partnership firms and limited companies | NIL | 1.50% - 6.10% | NIL | 7 days to 5 years |
Documents Required at Standard Chartered Bank Chennai
Products | Documents |
|---|---|
| Home Loan | Identity Proof-PAN Card/Passport/Voter ID/Driving License/Aadhaar Card Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID Income Proof-Latest Salary Slips & Form 16 for Salaried - Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years Bank Account Statement for the Last 6 Months Track record of existing loans, if any Details of property you look to buy & construct |
| Personal Loan | Identity Proof- PAN Card/Voter ID/Driving License/Aadhar Card/Passport Address Proof- Utility bill/Passport/Aadhar card/Voter ID Income Proof- Latest Salary Slip/ ITR/Form-16 Other Income Proof for Salaried Individual Letter of Authority from Employee authorizing the employer to deduct monthly installment out of salary for remitting to bank and Letter of Undertaking from the employer for check off facility OR Letter of Authority from employee/ applicant authorsing the Bank to deduct the loan instalment out of the salary routed through branch. Other Income Proof for self-employed professionals IT returns for the last two financial years. Proof of professional qualification (Copy of highest professional degree held). Proof of office/commercial address. Bank Statement- Last 3-6 Month Bank Statement |
| Car Loan | Statement of Bank account for last 6 months of the borrower. Two passport sized photographs of borrower/guarantor(s) Signature identification from Banker of borrower/guarantor. A copy of passport/voter ID card/PAN ID card. Proof of residence. Latest salary slip showing all deductions and TDS certificate – form 16 in case of salaried persons. Copy of income tax return for last two financial years duly acknowledged by ITO for professionals, self employed and others. Proof of official address for non- salaried individuals |
| Business Loan | Identity Proof-PAN Card/Passport/Voter ID/Driving License/Aadhaar Card Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID Income Proof-Latest Salary Slips & Form 16 for Salaried - Profit & Loss A/C Statement & Audited Balance Sheet for the Last 2Years for self-employed Bank Account Statement for the Last 6 Months Track record of existing loans, if any Trade License applicable to a proprietor/partnership firm Ownership documents, if any, of the security Copy of Partnership deed/Memorandum of Association (MOA and Articles of Association (AOA) or other documents. These documents apply in the case of partnership firm or a company |
| Loan Against Property | Identity Proof-PAN Card/Passport/Voter ID/Driving License/Aadhaar Card Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID Income Proof-Latest Salary Slips & Form 16 for Salaried - Employment details for the last 3 years, in case the applicant has not been earlier in the present organization. Bank Account Statement for the Last 6 Months copy of income tax return for last 2 financial years duly acknowledged by ITO, for other than salaried persons. Track record of existing loans, if any Details of property to be mortgaged |
| Fixed Deposit | An Individual, Hindu Undivided Family, Sole Proprietorship Concern ID Proof – Passport, PAN Card, Driving Licence, Voter ID, Government ID Card, Senior Citizen ID Card Address Proof - Telephone Bill, Electricity Bill, ID Card Issued by Post Office, Bank Statement with Cheque A photograph Trusts Copy of the Trust Deed Copy of the registration certificate Copy of the Resolution of the Trustees authorizing the members concerned to open and operate the account Photographs of the members operating the account Associations/Clubs By-laws of the Association Copy of the Resolution by the board authorizing the members concerned to open and operate the account Photographs of the members operating the account Partnership Firm Partnership Deed Letter from partners approving the persons concerned to open and operate the account Photographs of the persons operating the account Public or Private Limited Companies Board Resolution / Authority Letter Memorandum & Articles of Association Certificate of Incorporation Certificate of Commencement of Business (Public Limited Company) Form 32 in case list of directors are not original subscribers to Memorandum & Articles of Association (in case of Private Limited Cos) Duly acknowledged by ROC Governing Act / Rules and Regulations(PSUs) (certified true copy) |