Every person has a wish – be it going for a
vacation abroad, having a destination wedding, buying a gadget or electronic
item, renovating a home, starting a small business, and so on. However, to
realize these wishes, we need money.
It is during such times that a Personal Loan
comes to our aid. We can get the much-needed funds to fulfil our wishes and
repay the loan amount in flexible repayment tenure without pledging a security
as collateral.
We can apply for a Personal Loan from a trusted
financial institution to make our wishes come true. And, one such trustworthy
loan partner is the Standard Chartered Personal Loan.
The Standard Chartered Bank offers you
convenient repayment options, competitive Personal Loan interest rates, and
smooth loan processing to meet your financial requirements.
Features of Standard
Chartered Personal Loan
· You
can take a loan amount of anywhere between Rs. 1 Lakh to Rs. 30 Lakhs based on
your requirement, income, and repayment capacity.
· You
can repay your loan within 1 to 5 years of tenure, depending on your repayment
capacity.
· You
get waivers on last equated monthly instalment (EMI) of loans if you have opted
for tenure of 36/ 48/ 60 months or cashback of 2% on the EMI paid. This offer
can only be availed if there is no
single instance of EMI bounce/ default/ delay during the entire loan tenure.
·
No
processing fee for loan amount up to Rs. 30 Lakhs.
·
You
do not need any security or collateral or even a guarantor for this loan.
·
Instant
online application, approval and disbursal.
Documents Required for Personal Loan
Identity Proof (any of the following):
·
Aadhaar
Card
·
Photo
PAN Card
·
Passport
·
Voter’s
ID Card,
·
Photo
Ration Card
·
Driving
License
Address Proof (any of the
following):
·
Passport
·
Telephone
Bill
·
Ration
Card
·
Electricity
Bill
·
Driving
License
·
Life or
Medical Insurance Policy
·
Rental
Agreement/
·
Apartment
Allotment Letter.
Now
get Personal Loan on Aadhar Card by showing it to the lender as your Aadhaar Card as identity proof as
well as address proof.
Repayment of Standard Chartered Personal Loan
You can repay the loan amount during the tenure (up to 5 years) through
Equated Monthly Instalments (EMIs). It is important to review your monthly
expenditure and any impending financial obligations before you go for a loan.
You can Calculate Loan EMI to
check the EMI amount, you will need to pay
You just have to enter the loan
amount, tenure, and interest rate to calculate the EMI.
For the payment of EMIs you can opt for:
·
PDC
or Post Dated Cheques: For this you need to issue blank, undated security cheques to be drawn in favors of
the bank.
·
ECS
or Electronic Clearing System: This is an electronic mode of funds transfer
from one bank account to another. You need to authorise the bank to withdraw
the money directly from the account mentioned by you at a given date each
month. You will have to maintain substantial balance in this account so that
the EMI payments do not bounce.
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