Interest Rates 2018553 views
- Grab the lowest personal loan interest rates starting at 11.50%
- With attractive interest rates enjoy the pocket-friendly EMIs
Are you looking for the best lender that can offer you a personal loan at an interest rate as low as 10.99%? If yes, you are at the right place. Standard Chartered Bank comes with the lowest personal loan interest rates that will make you enjoy a hassle-free journey while reducing your loan burden. Wanna know more? Read the page below.
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Table of Contents
- 1 About Standard Chartered Bank Personal Loan Interest Rates
- 2 Standard Chartered Personal Loan Balance Transfer Rates
About Standard Chartered Bank Personal Loan Interest Rates
Standard Chartered is a British multinational banking and financial services company, headquartered in London, England. With a wide network of more than 1,200 branches and outlets across more than 70 countries, this bank with its best of financial products such as Personal Loan has been catering the diverse needs of one and all. Talking about Standard Chartered Bank Personal Loan Interest Rates, currently, the bank offers the loan at an attarctive interest rate. Let’s just give you the better understanding of the interest rates below.
|Salary||Interest Rate (in p.a.)||Processing Fee (of the loan amount)||Pre Closure Charges (of the principal outstanding)|
|< 50,000 - Cat A,B,C,D,Unlisted||14.5%||1%||Up to 5%|
|50,000 - 75,000 - Cat A,B,C,D,Unlisted||13.5%||1%||Up to 5%|
|> 75,000 - Cat A,B,C,D,Unlisted||12.5%||Nil||Up to 5%|
|> 125,000 – 200000||12.0%||Nil||Up to 5%|
|>200,000||11.5%||Nil||Up to 5%|
Marginal Cost of Funds Based Lending Rate (MCLR)
Effective MCLR as of 7th August,2017
|Tenure||Tenure Wise MCLR|
|1 year (12 month)||8.60%|
|2 year (24 month)||8.90%|
|3 year (36 month||9.00%|
The Base Rate Effective June 29,2017 is 8.70%p.a.
Those customers whose personal loan interest rates are linked to the Base Rate of the bank will experience a change based on the changes to the Base Rate. Some important parameters that go into the determination of Base Rate are Cost of Funds,Operating Expenses and a Minimum Margin to cover Regulatory Requirement of provisioning, Capital Charge.
Standard Chartered Personal Loan Balance Transfer Rates
If your existing personal loan is at a higher interest rate, all you need to do is switch to Standard Chartered PL. Yes, transferring your existing personal loan to Standard Bank allows you to enjoy an interest rate as low as 10.99% per annum with a one-time processing fee of 2% of the loan amount. Refer the below table for further details.
|Loan Amount||Interest Rate (in p.a.)||Processing Fee||Pre Closure Charges|
|<= 500000||11.99%||0% of the loan amount||2% of the principal outstanding|
|500000 – 1000000||11.99%||0% of the loan amount||2% of the principal outstanding|
|1000000-2000000||11.25%||0% of the loan amount||2% of the principal outstanding|
|>2000000||10.99%||0% of the loan amount||2% of the principal outstanding|
*Part Prepayment option available for salary above ₹50,000, subject to max 25% in one calendar year
*No pre-closure allowed till 12 MOB
Standard Chartered Personal Loan Contact Number
In case you have any concern, query or complaint, you can get in touch with the customer care executives of Standard Chartered Bank. All you need to do is just dial 9873678914 either from your mobile or landline. These experts with their required experience and expertise are there to solve all your problems by giving you the best solutions. No matter what problem you have, these executives are always there to give you the proper help and assistance.
Standard Chartered Personal Loan Payment
If you want to make the payment of your personal loan in Standard Chartered, there are various online and offline modes to do the same. You can either visit the bank branch to make the payment via cash or cheque. However, if we talk about one of the easiest ways, it is none other than opting for an online mode. Yes, an individual can either do the payment online via NetBanking, which is fast and convenient OR ECS is another option that will automatically debit the required amount from an individual’s account.
Standard Chartered Personal Loan EMI Calculator
Want to know whether your monthly installments are going to be pocket-friendly or not? Well, all you need to do is just use a personal loan EMI calculator that gives you the exact and accurate calculations of not only your EMIs but Interest Outgo as well. This magical device after taking into account-Loan Amount, Tenure and Interest Rate fetches the values for you in just a few seconds, thus helps you in taking a calculative and smart decision.
Standard Chartered Bank Personal Loan Status
If you want to know the real-time status of your personal loan in Standard Chartered Bank, nothing to worry at all. Yes, you simply need to login to your account with all the required credentials and can instantly know the status of your loan. This online facility allows you to know the status in no time so that you can further take the step smartly. Whether its approved, pending or rejected, no matter what is the case, you can anytime check the status of your personal loan online.