standard-chartered-personal-loan

Standard Chartered Personal Loan Benefits

Get More Cash with Standard Chartered Personal Loan

Need some extra cash for your personal needs? Apply for a Standard Chartered personal loan today and enjoy attractive interest rates, flexible repayment options, and a hassle-free application process. Whether you need to pay for your education, home renovation, wedding, or medical expenses, Standard Chartered has the right loan for you.

  • Borrow up to 4 times your monthly income.
  • Repay in 12 to 60 months with low monthly instalments.
  • Enjoy interest rates from as low as 3.88% p.a.
  • Get instant approval and cash disbursal within 15 minutes.

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Examine the approved loan and request changes where necessary.

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Receive your money on the next working day.

A Complete Guide For Standard Chartered Personal Loan 2023

If you are considering taking out a personal loan in 2023, it is essential that you choose a lender that is credible and offers competitive interest rates and profit rate. One such lender is Standard Chartered bank, which is known for its reliable financial services and impeccable customer service. In this articles, our loan specialist will give you complete guides for Standard Chartered Personal Loan 2023.

What is Standard Chartered bank?

Standard Chartered bank is a multinational banking and financial services company that operates in various countries worldwide. Its headquarters are in London, UK. The bank offers a wide range of financing products and services to its clients, pembiayaan yang offered including personal loans, insurans including travel insurance, car insurance and personal insurance.

Founded in 1853, Standard Chartered bank has a long history of providing financial services to customers all around the world. With over 1,200 branches and outlets in more than 70 countries including Malaysia and Singapore, the bank has a truly global presence. It is known for its expertise in emerging markets, particularly in Asia, Africa, and the Middle East, and is popular among them.

Standard Chartered bank offers a variety of services to its clients, including personal banking, business banking, and corporate banking. Personal banking services include savings accounts, current accounts, credit cards, and personal loans. Business banking services include trade finance, cash management, and international banking. Corporate banking services include project finance, structured finance, and debt capital markets.

The bank is committed to sustainability and has implemented various initiatives to support its commitment to environmental and social responsibility. These initiatives include reducing the bank’s carbon footprint, supporting renewable energy projects, and investing in education and community development programs.

Standard Chartered bank has received numerous accolades for its financial services and sustainability initiatives. In 2021, it was named the Best Bank in the World by Global Finance magazine. It has also been recognized for its commitment to diversity and inclusion, with a focus on gender equality in the workplace.

In conclusion, Standard Chartered bank is a leading multinational bank that offers a wide range of financial products and services to its clients. With a global presence and a commitment to sustainability, the bank is well-positioned to continue its success in the future.

Features of Standard Chartered Personal Loan

Standard Chartered Personal Loan is a type of unsecured loan which means borrowers do not need to provide any collateral to apply for a loan. Here are some of the features of this loan:

  • The loan amount ranges from HKD 5,000 to HKD 2,000,000, depending on the borrower’s income and credit rating.
  • The interest rates are competitive and vary according to the borrower’s credit history and the loan amount.
  • The loan repayment period ranges from 12 to 60 months.
  • Borrowers can enjoy instant approval and disbursement of their loan.
  • There are no hidden annual fee or charges, and borrowers can choose to repay the loan through various methods, including autopay, online banking, and ATM.

Pros and Cons of Standard Chartered’s Personal Loan

As with any financial product, there are both advantages and disadvantages of taking out a personal loan with Standard Chartered bank. Here are some of the pros and cons:

Pros:

  • Competitive interest rates
  • Flexible repayment options
  • Instant approval and disbursement
  • No collateral required

Cons:

  • Strict eligibility criteria
  • Unsecured loans may have higher interest rates
  • Early repayment may incur additional fees

Requirements of Applying for Standard Chartered’s Personal Loan

Before applying for a personal loan with Standard Chartered bank, it is essential to ensure that you meet the eligibility criteria. The requirements are:

  • You must be a local resident.
  • You must be aged 18 years old or above.
  • You must have a stable source of income.
  • A good credit rating is required.

Fees & Charges of Standard Chartered’s Personal Loan

While Standard Chartered Personal Loan has no hidden fees or charges, there are still some fees that borrowers need to be aware of. These include:

  • One-time handling fee- up to 2.5% rate of the loan amount
  • Late payment fee- 1.5% rate of the overdue amount
  • Early repayment fee- 1% rate of the outstanding principal amount

Latest Promotions of Standard Chartered Personal Loan

Standard Chartered bank regularly offers promotions for its personal loans, which can include discounted interest rates or cash back offers. Be sure to check the bank’s website to view the latest promotions or consult with a representative.

Installment Table of Standard Chartered Personal Loan

Before applying for a Standard Chartered personal loan, borrowers may want to calculate their monthly repayments. Here is an example installment table for a RM 100,000 loan with a 24-month repayment period and an interest rate of 4.5% p.a.

Month Monthly Repayment Outstanding Principal
1
RM 4,391
RM 91,960
2
RM 4,391
RM 83,974
3
RM 4,391
RM 75,934
24
RM 4,391
RM 0

Standard Chartered Personal Loan Terms and Conditions

Before applying for a personal loan, it is important to read and understand the terms and conditions. The terms and conditions for Peribadi Pinjaman Standard Chartered can be found on the bank’s website ‘Terms and Condition’ page or by consulting with a representative.

Conclusion

Standard Chartered Personal Loans is an ideal choice for those who are looking for a reliable and trustworthy lender. By considering the features, pros and cons, requirements, fees and charges, promotions, installment tables, and terms and conditions, potential borrowers can make an informed decision about whether this loan is right for them after finishing this guide.

FAQs

How long does it take for Standard Chartered to approve a loan?

The average number of working days needed for Standard Chartered’s personal loan is 5-7.

What is the minimum loan amount for Standard Chartered?

The minimum loan amount of Standard Chartered’s personal loan is RM2,000.

What is the interest rate for Standard Chartered installment?

The interest rate of Standard Chartered’s personal loan is around 2.1% rate per annual.

How do I check my Standard Chartered loan status?

The applicants of Standard Chartered’s personal loan will receive a text message or phone call from the bank, or click daftar masuk with your ID into the online official website.