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Standard Chartered Bank Business Loan

Standard Chartered Bank is British multinational and financial business firm. The bank with its global skills and deep understanding of Indian market allows an extensive range of commercial products and services to meet the financial needs of an individual and people in the business. It provides with world class Business Loans which is necessary for monetary funds. No obligations or responsibility is introduced on the usage of loan amount. The amount can be used either as operating capital or for Business expansion needs. It would help the business take enormous strides by satisfying the business demands.

Apply Business Loan

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Minimum salary of Rs 10,000 is requiredMinimum annual income of Rs. 1.2 Lakh is requiredMinimum turnover of Rs. 1.2 Lakh is required
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WHY CHOOSE STANDARD CHARTERED BANK BUSINESS LOAN?

  • Individual loan amounts and flexible tenure
  • No collateral requirement
  • Attractive interest rates
  • 24/7 customer service
  • Money disbursal in two days
  • Simple to apply online
  • Loan amount up to Rs. 75 lakh
  • Immediate turnaround time
  • No hidden charges
  • Timely repayment options

Standard Chartered Bank Business Loan Interest Rate

Salaried Individual

Loan Amount

Starting From Rs. 50,000 up to Rs. 25 lakhs

Interest Rate

10.99% - 20.00%

Loan Tenure

12 to 60 months

Processing Fee

2.50%, Minimum Rs. 1,000 Maximum Rs. 25,000

Foreclosure Charges

Allowed after 12 EMIs, Prepayment charges vary by year: 2nd year - 4%; 3rd year - 3%, after 3 years - 2%

Age

21 years up to 60 years

STANDARD CHARTERED BANK BUSINESS LOAN FEATURES

ATTRACTIVE RATE OF INTEREST

Standard Chartered Bank offers attractive interest rates for its customers and people, in general. The interest rate starts from 10.99% and goes up to 20% depending on the credit score of applicants.

LOAN AMOUNT

The bank grants a high amount of business loan. A Business Loan can be taken as lowest as 10 Lakh that can go up to 75 Lakh. These Business Loans helps the user with the dreams which they wish to fulfill.

FAST AND SIMPLE ONLINE PROCESS

The method of applying for a Business Loan from Standard Chartered is quick and straightforward. The applicant can fill the loan applicant within 36 seconds without marching down to the bank.

BUSINESS TURNAROUND PERIOD

Standard Chartered supports the loan application on the fulfillment of the procedure and distributes the loan in the loan account within two days of applying the application form.

BUSINESS LOAN TENURE

Standard Chartered Bank grants Business Loan for the flexible mandate that ranges from 12 months to 36 months. In this month time, any applicant can pay the amount loan to the bank they opted for.

NO COLLATERAL REQUIREMENT

The loans which are provided by the Standard Chartered Bank are all collateral free. There is absolutely no need of collateral to opt for Business Installment loan.

24/7 CUSTOMER SERVICE

The bank knows that funds requirement can happen any point of the time; therefore they provide their applicants with a 24/7 helpline service. It can be contacted at any aspect of the time.

SPECIAL OFFERS FOR WOMEN

With its Business Loan offer, Axis Bank offers a particular loan method and plan for women employees. 100+ Diva presents availability for working women to conquer their needs and objects. They can take a pre-approved Business Loan of up to Rs. 3 lakh. The process to avail this offer is straightforward - the user needs to suggest the bank through a call or email.

EMI CALCULATOR

Calculate EMI (Easy monthly Installments) for a particular loan at lower interest rates with the assistant of EMI calculator. Convert loan amount into simple, easy EMIs hassle free. Axis Bank provides this feature for easy access to loan amount to the user.

Standard Chartered Bank Business Loan Fees & Charges

Loan Processing Fees Up to 2.50% of loan amount, Rs 1,000 to 25,000
Pre-payment Charges 4% of principal outstanding - 13 to 24 months,
3% of principal outstanding – 25 to 36 months
2% of principal outstanding - >36 months
Penalty for late EMI payment 24% per year on outstanding amount From default date
Eligibility Criteria

STANDARD CHARTERED BANK BUSINESS LOAN ELIGIBILITY CRITERIA

  • The applicant should have a sole proprietor or should be a part of the proprietorship firms.

  • The applicant opting for Business Loan can also be a part of partnership firms

  • The bank provides loans to only private limited companies or closely-held and public-limited organizations

  • It gives professionals loan to the other sectors like doctors, architects, chartered accountants, business consultants

  • Two-year financials including profit and loss statement balance sheet and income tax returns.

  • Standard Chartered gives Business Loans to people who are at least 21 years old at the point of loan approval and maximum 60 years at the period of loan maturity.

  • For being eligible for a Standard Chartered Business Loan, the applicant minimum in hand income should be Rs. 18,000.

STANDARD CHARTERED BANK BUSINESS LOANS DOCUMENTS REQUIRED

  • The applicant should have bank statements for at least 6 months

  • Two-year financials documents including profit and loss Statement, Balance Sheet and Income Tax returns.

  • Documents related to verification of entity, identity and address proof documents.

  • The sales person would provide specific details.

  • Projected documents that are of profit and loss for the next three years

  • Advanced debtors and creditors aging paper

  • Personal net worth statement

  • Organization chart/management team

  • A brief write-up of company profile/background

  • Projected cash flow for the project.

Documents Required

WHY SHOULD YOU APPLY FOR STANDARD CHARTERED BUSINESS LOANS AT RUPEESTATION?

LOANS PROVIDED AT THE LOW CIBIL SCORE

The loans which are supplied by Rupee Station are protected and secure. If an applicant has a low cibil or credit score then also they can apply for loans. Rupee Station provides a loan to every candidate of its.

PAPERLESS AND PRESENCE-LESS PROCESSES

Rupee Station is converged on applying technology to create presence-less and paperless solutions in the business services aggregation space. Rupee Station is producing solutions where it can process the application form within no time and is completed on the platform without the requirement for customers to either attend banks or do multiple sheets of paperwork.

QUICK APPROVALS

The loans which are provided by Rupee Station are approved within a matter of few hours. The applicant will get immediate support on the Business loan after the applicant fills in a secure online application form.

TIME TRACKER

After the submission of the loan application at Rupee Station, the user can track the application online and moreover, will receive updates of the submitted application form using both email and SMS.

Dedicated Customer Support

Soon after the loan is accepted, the funds are conveyed right into the borrower’s bank account within two working days. Thus, there is no room for delay.

HOW TO APPLY FOR STANDARD CHARTERED BUSINESS LOANS AT RUPEESTATION?

Step 1

Go to the website of Rupee Station and fill the online application form for the loans that the user desire form

Step 2

The application is then accessed, and the approval is somewhat given within no time after the application is reviewed

Step 3

The user then receives the cash within two working days.