Particulars | Salaried | Self-employed |
---|---|---|
Rate of Interest | 11.97%-22.5% yearly | 11.97%-22.5% yearly |
Loan
Amount |
Max: Rs.30 lakhs | Max: Rs.10 lakhs |
Loan term |
Min: 1 year
Max: 5 years |
Min: 1 year
Max: 5 years |
EMI (Lowest) | Rs.1102/- (applicable for the maximum tenure of the lowest loan amount) | Rs.1102/- (applicable for the maximum tenure of the lowest loan amount) |
Processing charges | Applicable GST + 2.5% of the loan amount | Applicable GST + 2.5% of the loan amount |
Age |
Minimum age at the time of applying: 21 years
Maximum age at the time of applying: 58 years |
Minimum age at the time of applying: 21 years
Maximum age at the time of applying: 58 years |
Prepayment Charges | GST on outstanding principal amount + 5% of gross annual outstanding loan amount | GST on outstanding principal amount + 5% of gross annual outstanding loan amount |
Foreclosure Charges | None | None |
Standard Chartered Personal Loans can be availed by any salaried individual as well as pensioners. Standard Chartered Bank is one of the oldest banking institutions in the country operating since 1858. Those availing personal loan from Standard Chartered Bank doesn't need to provide any guarantors, security or collateral.