Standard Chartered Bank Personal Loan Review
-
4 Comments
Standard Chartered Bank is an UK based bank which traces its history in India back to the year 1858.
Loan amount
The loan amount ranges from 50,000 to 30 lacs. No other bank in the market provides such a wide range of loan amounts.
Interest rate
The interest rate can go upto 25% depending on the borrower’s profile and loan amount. This is substantially higher than what many competitors offer.
Charges
The processing fees are 2% of the loan amount which is more or less the industry standard. The prepayment charges are 5% of the outstanding amount. These are quite high and are a deterrent for people looking to repay their loans ahead of schedule.
Tenure
The loan tenure ranges from 1 year to 5 years which is more or less the industry standard.
Ratings
Reputation: 3/5
Loan amount: 4/5
Interest rate: 2/5
Charges: 2.5/5
Tenure: 2.5/5
Overall: 2.75/5
Published on August 6, 2010 · Filed under: Standard Chartered Bank Personal Loan;
4 Responses to “Standard Chartered Bank Personal Loan Review”
-
Narayana D said on May 20th, 2011 at 4:27 pm
It is submit that, I have taken personal loan in your bank last 6 years back and loan amout also paid. ( the amount paid within one years)
I need Rs. 300000 as personal loan for 5 years period. If you will ready to give the personal loan kindly inform required statements
Yours faithfully,
sd/- Narayana D
984857xxxx -
eashwarji said on June 11th, 2011 at 1:49 am
plz call me
-
charu said on June 11th, 2011 at 9:11 am
To avail personal loan in Standard Chartered, the bank may ask for the following documents:
Salaried Individuals
* Application form with recent photograph
* Latest salary slip and Form 16
* Bank statement for last 3 months
* Proof of Identity (any one): Passport/Driving licence/Photo credit card/Employee licence/Voter’s ID/PAN card
* Proof of Residence (any one): Driving licence/Any utility bill/Govt. or authority billSelf Employed
* Application form with recent photograph
* IT returns for last 2 years
* Bank statement for last 6 months
* Proof of Identity (any one): Passport/Driving licence/Photo credit card/Employee licence/Voter’s ID/PAN card
* Proof of Residence (any one): Driving licence/Any utility bill/Govt. or authority bill
* P&L and Balance Sheet for last 2 years certified/audited by CAApart from this, the bank may ask for other documents as well.
-
haider said on May 12th, 2012 at 5:20 pm
hii i am NRE working in qatar for last 4 yrs. now i want a personal loan around 25 lakhs net amount. what and all docuemnts you require for this and within how many working days loan will be sanctioned ? please email me every details and contact persons details also. Thanks
Leave a Reply
|
||