Do you want to apply for the SC bank personal loan online? Established in 1858, Standard Chartered Bank is a British multinational financial services and banking company. Headquartered in London, England, Standard Chartered has widespread operations in India as well. With branches in 42 cities across the country, it is one of India’s largest international banks. The company offers various services including SME and corporate banking, private banking, NRI banking, priority banking, and personal banking. Because of the rising popularity of its personal loans, Standard Chartered has also introduced loans against securities, home loans and much more.
If you are planning to apply for the SC bank personal loan online, you should find out if it is the right option for your needs. Loan Sumo, a reputed online lending platform, is here to provide you with all the details of the loan product. Our goal is to help you select the best personal loan and get the best interest rates and loan terms.
A financial crisis can not only rob you of your mental peace, but it can also disrupt your day to day life. Sometimes we are just one emergency away from experiencing a total financial breakdown. If you are in a similar situation, an instant personal loan will come in handy. However, understanding the various aspects of a loan product is key to determining whether it can serve your requirements correctly. The Standard Chartered personal loans are famous for their competitive interest rates, easy application, minimal documentation, and quick approval. If you need money fast, these loans can provide you with the money fast. Here, we are going to take a look at some of the best features and benefits of the SC bank personal loan online applications.
When going through a financial turmoil, you may be desperate to get the loan approval no matter what. However, before sending out your application, you should consider how much the loan will cost you and if you can afford it. The interest rates, charges, loan tenure, and many other factors can determine the cost. Your credit history, on the other hand, may have a significant impact on the rates you will get. Having excellent credit score will make you eligible for the best rates. However, if your scores are low, you may have trouble getting the approval. If you do not know your credit score, try the free CIBIL score checkers. Here is a quick overview of the charges that should help you in performing a rough calculation:
|Loan amount||Rs. 1 Lakh to Rs. 30 Lakh|
|Tenure||1 to 5 years|
|Interest rate||11.50% – 14.50%|
|Pre-closure charges||None (allowed after 12 EMIs)|
|Part prepayment charges||Not allowed|
Once you figure out the cost, it would be easier for you to determine whether you can repay the loan on time. That is why it is wise to check eligibility & interest rates online before deciding to apply for the SC bank personal loan online. To obtain the loan, you would need to fulfil some criteria set forth by the bank. Some of these basic requirements are:
If you do not meet any of these requirements or if you have bad or no credit, you may try your luck in bad credit personal loans. Loan Sumo will help you find the funds you need. Simply fill out and submit our quick application form and get started!