Standard Chartered Bank Chennai

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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 NameComplete AddressIFSCMICRContact Number
Anna Salai Branch187, Anna Salai, Chennai 600 001.
SCBL0036088600036009044-28564014
AdyarNo. 6, Lattice Bridge Road, Adyar, Chennai - 600 020SCBL0036080600036006044-42027272
Haddows RoadGrindlays Gardens, 1-haddows Road, Chennai - 600 006SCBL0036079 600036007044-282 19666
Rajaji SalaiGrindlays Centre, 19, Rajaji Salai, Chennai - 600 001SCBL0036078 600036002044-25349200
RRT MylaporeMylapore-raja Rajeshwari Towers29 30, Dr.radhakrishnan Salai, Chennai - 600 004SCBL0036072600036003044-42107373
T NagarSagas Amar Court, 59,g.n. Chetty Road, T.nagar, Chennai - 600 017SCBL0036083 600036008044-28158707

Products Offered by Standard Chartered Bank Chennai

ProductEligibilityLoan Amount Interest RateProcessing FeeTenure
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 crores8.51% - 8.60%


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
10.99% - 14.49%


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 LoanStarting from ₹ 10 lakhs and Upto ₹ 75 lakhs, depending on the financial eligibility conditions being met17.25% p.a. for Business Instalment Loan & 13.5% p.a. for Guaranteed Instalment Loan2% of the amount disbursedUpto 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 expenses2% of the amount disbursedUpto 15 years
Fixed DepositIndividuals, 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 companiesNIL4.25% - 7.25%NIL7 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 LoanStatement 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 DepositAn 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)

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