Personal Loans
With an uncomplicated application process, obtain a Personal Loan from Standard Chartered Bank at your convenience.
Eligibility requirements to obtain your Personal / Auto loan
- Applicants should be between 18 - 60 years of age
- Earning a minimum basic salary of Rs. 50,000/- or a gross salary of Rs. 60,000/-
- The monthly salary to be remitted to Standard Chartered Bank for the entire duration of the loan period
- A completed loan application form
- Evidence of income – latest pay slips (within last 2 months)
- Employed company to be boarded with the Bank
Additional requirements for Loans to purchase vehicles
- Vehicle valuation report from the bank’s approved valuer
- The vehicle invoice (if vehicle is brand new)
- A letter from the seller stating the price of the sale (if the vehicle is second hand)
- Three passport size photographs certified by a Justice of Peace / Gramasevaka
Benefits you will receive
- Personal Loans up to Rs. 3 million and the ability to enhance the loan amount every six months
- Loan amounts ranging from Rs. 1 million to Rs. 6 million for vehicle purchases
- Up to 90% of vehicle value could be obtained
- Fixed interest rate for one year (from the time the loan is granted) and variable every year for the remaining duration of the loan period
- A repayment period of up to 60 months
- Competitive interest rates
- No guarantors required
Loan against car (obtain funds to upgrade your car or even for personal expenditure)
- Loan amounts ranging from Rs. 500,000 – Rs. 4 Million
- No early settlement fees for loans settled within the first year
- Interest rates are 1% lower than the applicable Personal Loan rate
Call 2480 444 for more details