Standard Chartered Personal Loan
Availing the SCB Personal Loan in Chennai (Standard Chartered Bank) is the easiest process for those in need of all kinds of financial services in Chennai and across India. The Standard Chartered bank is widely known for their friendly-approach towards the customer and extends their personal loan services for both the self-employed and salaried applicants.
The SCB Personal Loan in Chennai is highly beneficial for the self-employed applicants as they can expand their business or lay a strong foundation for their start-up. Since, there are no limits in the consumption of loan amount for any particular expenses, the applicants can also use it for marriage expenses, children education, vacation, house renovation and other such expenses.
The SCB’s Personal Loan in Chennai comes up with a competitive interest rate that is affordable with easy repayment tenures.
SCB Personal Loan in Chennai - Features
- A minimum amount of Rs 50,000 to a maximum of Rs 30 lakhs is provided by the bank instantly for multiple purposes to the salaried applicants.
- Also, up to Rs 1 crore is provided for the self-employed applicants.
- The loan repayment tenure is flexible and can be chosen between 12 months and 60 months
- The required documents are kept minimal and simple with a quick verification process within 4 days
- The interest rate varies between 19% and 22%
- A 3% of processing fee from the loan amount is charged
- About 5% of the outstanding principal loan amount is taken as the pre-closure charges
SCB Personal Loan in Chennai – Eligibility Criteria
- The age criteria for the loan applicant averages between 21 and 58 years
- The monthly net income of the applicant should be at least Rs 11,000 and is expected to be working currently
- A minimum of 1 year of working history is required for the salaried applicants
- Must hold an active bank account and provide minimum 3 months of bank transaction statement
- No need for any security or collaterals to be provided
SCB Personal Loan in Chennai – Required Documents
- The applicant must provide ID proof such as a driving license, PAN card, and photo identity card issued by the Government of India, Government of Tamil Nadu, passport and voter ID.
- Address proof must be provided such as credit card bills, electricity bill, latest telephone bill, bank statements for 3 months.
- Birth certificate or SSLC/HSLC class passing certificate as age proof.
- Latest salary slips for at least 3 -6 months, Form 16 with current date, employment proof or business continuity proof.
- Any added documents may be required for self-employed applicants such as company deed, income certificate from CA and balance sheet for profit and loss.
About Standard Chartered Bank:
Standard Chartered Bank is the largest International bank in India with over 100 branches in 43 cities. It was founded in 1858, providing an excellent service to the customers by lending loans and other financial services to them. The bank uses their global capacities and an intense regional knowledge in India to provide a wide-range of products and services to meet the needs of every individual. It is also notable that they are ranked 2nd for the best customer experience by Kantar in 2019 and also recognized as the most innovative digital bank in India.
On the whole, SCB Personal Loan in Chennai offers you the best personal loan deals for both salaried and self-employed officials. Applying to these loans through LoansBazaar helps you get it done in the easiest way.
