Monday, November 26, 2018

Turn Your Wishes into Reality with Standard Chartered Personal Loan


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.

Author: verified_user