Standard Chartered Personal Loan

Standard Chartered Bank’s Personal Loan offers a range of benefits and features designed to meet your financial needs with convenience and peace of mind.

Standard Chartered Personal Loan Benefits:

• Experience: Enjoy the expertise of Standard Chartered Bank with the fastest processing time in the market.

• Attractive Interest Rates: Benefit from competitive interest rates, making your loan more affordable.

• Feel Secure with Insurance: Avail insurance coverage with 200% coverage, ensuring peace of mind for unforeseeable incidents.

Read: Standard Chartered Home Loan

Standard Chartered Personal Loan Features:

• Any Purpose Loan: Whether it’s for marriage expenses, home or office renovations, vacations, or emergency medical needs, Standard Chartered’s Personal Loan is flexible to meet various financial requirements.

• Convenience: Apply for the loan through multiple channels, including branches or the Client Centre, prioritizing your time and urgency.

• Employee Banking Privilege: Enjoy preferential treatment on personal loans if you have your salary account with Standard Chartered. Transfer your existing Personal Loan from another bank to avail of this privilege.

• Easy Repayment: Repay your loan conveniently without needing Post-Dated Cheques. Instructions can be set up for automatic EMI deduction through Bangladesh Electronic Fund Transfer Network (BEFTN) from your account with another bank.

• Peace of Mind: Opt for insurance coverage for your Personal Loan for added security. Leading insurance providers will ensure repayment in case of unforeseen circumstances.

• Top-up Loans: Access additional funds during your loan tenure with a top-up on your existing loan, provided your repayments have been regular.

Personal Loan Eligibility & Documents:

• Application Eligibility:

1. Age: Minimum 21 years for salaried individuals, minimum 25 years for businessmen.
2. Minimum monthly net income criteria apply based on customer segments.
3. Eligible client segments include salaried executives, business persons, self-employed professionals, and doctors.
4. Must be a Bangladeshi citizen residing in Bangladesh with a National ID card.

• Required Documents:

1. Mandatory documents include National ID Card, passport size photograph, e-TIN Certificate, and personal guarantee for financing over BDT 5 Lacs.
2. Additional documents vary based on employment status, including income documents for salaried clients and business documents for businessmen/self-employed clients.

Terms & Conditions:

• Refer to the Product Terms and Conditions, Schedule of Charges, and Client Terms for detailed information.

Standard Chartered Bank’s Personal Loan offers flexibility, convenience, and security, ensuring that you can fulfill your financial needs without compromise.

Frequently Asked Questions (FAQs) on Standard Chartered Personal Loan

Q: What is the minimum age requirement to apply for a Standard Chartered Personal Loan?
A: The minimum age requirement is 21 years for salaried individuals and 25 years for businessmen.

Q: What are the eligibility criteria regarding monthly income for different client segments?
A: The minimum monthly net income criteria are as follows:

• BDT 26,000 for SC Payroll Clients
• BDT 35,000 for customers with salary accounts with other banks
• BDT 55,000 for businessmen and self-employed customers

Q: Who is eligible to apply for a Standard Chartered Personal Loan?
A: Eligible client segments include salaried executives, business persons, self-employed professionals, and doctors.

Q: How can I apply for a Standard Chartered Personal Loan?
A: You can apply through various channels, including visiting any of our branches or calling our Client Centre.

Q: Is it mandatory to have a salary account with Standard Chartered to apply for a Personal Loan?
A: No, it is not mandatory. However, having a salary account with us may provide preferential treatment.

Q: What documents are required to apply for a Personal Loan?
A: Mandatory documents include National ID Card, passport size photograph, e-TIN Certificate, and personal guarantee for financing over BDT 5 Lacs. Additional documents may vary based on employment status.

Q: How can I repay my Standard Chartered Personal Loan if I don’t have an account with Standard Chartered Bank?
A: You can set up instructions for automatic EMI deduction through Bangladesh Electronic Fund Transfer Network (BEFTN) from your account with another bank.

Q: Can I opt for insurance coverage for my Personal Loan?
A: Yes, you have the option to avail insurance coverage for your Personal Loan for added security.

Q: Can I access additional funds during the tenure of my existing loan?
A: Yes, you can access additional funds through a top-up on your existing loan, provided your repayments have been regular.