Q. What are the minimum and maximum loan amounts?
You can avail of loans ranging from Rs50,000/- to Rs 30,00,000/- depending on your eligibility,
income and repayment capacity.
Q. What are the loan tenure options?
The loan can be repaid over a period of 12 to 60 months tenors are only available for select profile of
customers.
Q. Are there any additional charges?
A processing fee of a maximum of 2% of the loan amounts and requisite documentation charges is
payable upfront. This fee will be deducted from the Loan amount at the time of disbursal.
Q. How much time will it take for my loan to be approved?
Your loan will be disbursed within 4-7 working days post receipt of the required documents.
Q. Do I have to provide any security, collateral or guarantors?
No security, collateral or guarantors are required for obtaining a Personal Loan.
Q. What is EMI?
EMI stands for Equated Monthly Installments. This installment comprises both principal and interest
components.
Q. How do I repay the loan?
You can repay the loan in Equated Monthly Installments (EMI's) using the ECS facility, post-dated
cheques favouring Standard Chartered Bank or a direct account debit (only for Standard Chartered
Bank Account holders)
Q. Can I prepay my loan?
You can pre-pay your loan with preclosure charges of 5% anytime after completion of six EMIs by giving
the bank a 21 day notice.
Q. Do I need to open an account with Standard Chartered Bank for availing and/or servicing the
loan?
We will encourage you to start a banking relationship with us so that we will be able to offer a host of
other value added services, which are complementary to the loan, however opening an account with us
is not mandatory.
Q. Do I get special privileges as a Standard Chartered Customer?
As a Standard Chartered Customer, you will be offered special interest rates, asked for minimal
documentation and your application will be processed on priority.