Standard Chartered Personal Loan

Standard Chartered Bank offers personal loans to the neediest persona for both self-employed and salaried. These Lendings for self-employed will be very beneficial to expand the business especially. There is no limit in using the loan amount for any particular expenses, therefore you can use for marriage expenses, children education, vacation, house renovation and for many other expenses. SCB offers personal loan in chennai a competitive interest rate that is affordable for anyone with easy repayment tenures.

Features of Standard Chartered Personal Loan:

  • SCB offers minimum Rs.50,000/- to maximum 30 lacs for salaried and up to 1 Crore for self-employed
  • The repayment period can be chosen from 12 months to 60 months
  • The interest rate varies between 19% and 22%
  • The time taken for processing the documents and get approval is up to 4 days since applied
  • SCB charges about 3% of processing fee
  • About 5% is taken as pre-payment charges from the outstanding loan amount

Eligibility for Standard Chartered Personal Loan:

  • Minimum monthly income for salaried must be Rs.11,000/- per month
  • The applicant must be minimum 21 years and maximum 58 years of age
  • Must be working in a company currently and have at least 1 year experience
  • 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

Documents Required for Personal loan from SCB

  • Any of ID proof of voters ID, driving license, PAN card must be provided
  • Any of address proof of passport, ration card, driving license bank passbook, current telephone bills, rental agreement needs to be provided
  • Employment status proof includes Form 16, appointment letter must be provided
  • For self-employed, IT returns, profit loss balance sheet, company deed must be provided to become eligible for Standard chartered personal loan.

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