Urban Money

Standard Chartered Bank

Standard Chartered Bank
4.5

Being the most significant international bank in India in terms of branches, Standard Chartered Bank has been operating for more than 150 years. Standard Chartered Bank has the banking services and products categorised for different entitled. Both individuals and companies can easily avail these financial products by the bank.

OTP Send

Enter 6 Digit OTP

We have just sent a verificaton code to
Mobile XXXXX

Check Standard Chartered Bank Loan Eligibility

+91
bt svg

Loans offered by Standard Chartered Bank

  • Home Loan
Loan Amount:₹5L - ₹35Cr
Interest Rate:7.25% - 7.7%
Processing Fee:0.5% - 1%
Tenure:25 Years
Know More
  • Personal Loan
Loan Amount:₹1L - ₹6L
Interest Rate:11.49%
Processing Fee:Up to 2.25%
Tenure:5 Years
Know More
  • Loan Against Property
Loan Amount:₹10L - ₹20Cr
Interest Rate:10.1%
Processing Fee:Up to 1%
Tenure:15 Years
Know More
  • Business Loan
Loan Amount:₹10L - ₹75L
Interest Rate:17.25%
Processing Fee:1.5% - 2%
Tenure:5 Years
Know More
ProductsInterest RateProcessing FeeLoan Amount/Tenure
Home Loan

7.25% - 7.7%

0.5% - 1%

₹5L - ₹35Cr

Tenure(Up to 25 Years)

Know More
Personal Loan

11.49%

Up to 2.25%

₹1L - ₹6L

Tenure(1 - 5 Years)

Know More
Loan Against Property

10.1%

Up to 1%

₹10L - ₹20Cr

Tenure(5 - 15 Years)

Know More
Business Loan

17.25%

1.5% - 2%

₹10L - ₹75L

Tenure(Up to 5 Years)

Know More

Feature and Benefits of Standard Chartered Bank

Below are the benefits that the customers get on opting for Standard Chartered Bank services and products:

  • A wide range of products and services for retail, management, wealth, commercial, institutional, corporate, digital, private, and transactional business sectors.
  • Preferential estimation on the deposits and loans.
  • Discounts are offered on routine banking transactions.
  • Global recognition on specially designed priority-based Standard Chartered Bank cards.
  • Benefits of up to ₹1.85 lakhs annually after registering for Priority Banking relationship.
  • Gives the customer complete control over their investments.

Standard Chartered Bank Overview

Being the most significant international bank in India in terms of branches, Standard Chartered Bank has been operating for more than 150 years. Established in the year 1858 in India, the bank has set up around 100 branches in 42 cities of the country. 

The bank has in-depth knowledge about the financial solutions needed by the Indian crowd and has offered a range of services and products via their global capabilities. The international bank provides its customers with the best possible banking solutions and experiences.

International Finance Awards awarded the bank Most Innovative Digital Bank in India in 2018, Best Cash Management Bank Asia Pacific by the Corporate Treasurer (CT) Awards in 2019, and Best International Private Bank by Asiamoney Private Banking Awards.

  • The key client segments of the bank are Commercial and Institutional Banking, Corporate, Retail Banking, and Private Banking. 
  • Best banking and financial solutions for the customers.
  • Standard Chartered Bank is also the sponsor of Liverpool Football Club and CNBC.

Mission, Vision, and Values

Mission: Standard Chartered Bank aims to create an exceptional financial value for the customers, staff, and investors. With their market leadership and innovative Shariah complaisant services and products, the bank aims to assist the customers with their financial needs by staying true to their core values and ethics.

Vision: Standard Chartered Bank is committed to leading the financing market with how they operate. They also foresee their contribution to the country's economy by staying true to their core finance business activities. They are also committed to building a positive impact in the lives of their customers.

Values: The core values of Standard Chartered Bank are customer-centric approach, transparency in the financial services and products provided to the customers, teamwork to make financial services reach the customers around India, integrity, honesty, and respect of the customers, staff, and investors.

Banking Services and Products Based Upon the Entity

There are different types of entities that need financial products and services. Standard Chartered Bank has the banking services and products categorised for different entitled. Both individuals and companies can easily avail these financial products by the bank.

Products and Services For Individuals

Loans

A loan is of great help in meeting the expense of an individual. Standard Chartered Bank offers a range of loan options for their customers. These loan services and products will help the customers quickly influx of funds when required. Also, the bank offers competitive interest rates on the loan amount with fast processing and rapid disbursement of the funds. The loan products and services offered to individuals by the bank are listed below.

Personal Loan

A Standard Chartered Bank personal loan is the best option if consumers have unanticipated financial demands. It is a bank-sponsored unsecured loan. The bank has no restrictions on how the funds can be used. The loan amount can be used to cover personal needs such as family excursions, wedding preparations, unforeseen medical bills, and so on at a low-interest rate.

Loan Against Property

 Both residential and commercial properties can be used to secure a loan from Standard Chartered Bank. It provides a flexible payback period and a low-interest rate on the loan amount. The bank has no restrictions on how it uses its cash. The money can be utilised for both professional and personal reasons. To obtain the loan, the customer must provide the relevant paperwork for the property used as collateral.

Home Loan

Customers may get Standard Chartered Bank's products and services. The bank's house loan makes it simple for people to purchase, develop, or modify homes. Furthermore, it can help you save up to $1 lakh in tax under the Income Tax Act of 1961. Standard Chartered Bank home loans provide financial assistance to consumers who want to buy or build their dream house at a reasonable interest rate.

Other loan solutions offered by the bank for individual borrowers are listed in the table below:

Loan Against Term Deposits Personal Loan Top-Up
Loan Against Securities Loan Against Property
Payroll Overdraft Home Saver
Home Pack

Accounts and Deposits

Standard Chartered Bank offers different types of deposit and other accounts that cater to the needs and wants of customers. These accounts are flexible and offer exclusive packages. With the various accounts and deposits, the customers can be assured as their money is safe and is not going anywhere from the bank. Here are the various types of accounts, deposits products and services offered by Standard Chartered Bank for the individual customers:

Employee Banking Account Prime Savings Account
SuperValue Account aXcessPlus Savings Account
Family Banking Savings Account eSaver Savings Account
2-in-1 Savings Account – FD Plus Current 3-in-1 Account – Savings, Trading & Demat
Basic Banking Account Term (Fixed) Deposit
Multicurrency Forex Card Recurring Deposits
Safe Deposit Lockers

Credit Cards

Standard Chartered Bank credit cards offer an exclusive shopping experience with rewards, cash back, and travel opportunities. These credit cards are designed to match the requirements of the customers. The bank offers various credit cards products and services for their individual customers, which are mentioned in the table below.

Smart Credit Card Platinum Rewards Credit Card
Manhattan Credit Card Priority Visa Infinite Credit Card
DigiSmart Credit Card Bandhan Bank Standard Chartered Credit Cards 

Loan on Credit Card

The bank offers loans on credit cards. Customers who have a credit card can avail this product. Moreover, this product makes it easy for individual customers to manage their credit cards and monthly bills at the same time.

Dial-a-Loan (DAL) Balance on EMI (BOE)
Kuch Bhi on EMI (KBE) Balance Transfer

Debit Cards

With the different range of debit cards by Standard Chartered Bank, the customers can enjoy a cashless experience and get unparalleled benefits, like shopping discounts and more. With these debit cards, customers also get easy access to their money all around the world. The bank offers six kinds of debit cards, which are listed below: 

Platinum Rewards Premium Cashback Debit Card
Priority Infinite Debit Card Business Banking Infinite Debit Card
Platinum Debit Card Private Infinite Debit Card

Investments

Investment is a better way to stay ready for the future. With the various investments products and services offered by the bank, the customers get high returns towards their investments. The solutions also help the customers to build up a financial routine, which can benefit them in the future. Standard Chartered Bank offers a range of investment options as mentioned in the table.

SC Invest SC India Money Insights
Market Insights Systematic Investment Plan
Comprehensive Investment Service Fund Select
Secured Wealth Lending Financial Planning Calculators

Insurance

The bank has a range of insurance solutions designed to meet the needs of the customers. By covering with the insurance plans, the customers can get financial security and can eliminate the tension during unexpected times. The bank offers various insurance services and products for the customers. 

Savings Plan Business Protection Plan
Wealth Creation Plan Term Plan
Retirement plan Personal Accident Plan
Health Plan Car Insurance
Travel Insurance Financial Planning Calculators

Products and Services For Companies

Loans and Working Capital

Standard Chartered Bank provides a range of financial solutions, such as the business loan, the loan against property for business, etc., to maintain the business's cash flow. Moreover, these loans, working capital products, and services are offered for a range of capital needs, such as hiring staff, foreign expansion of business, and more. With the help of loans offered by the bank, the companies and businesses can easily manage the expansion and working costs for a smooth workflow. The various loans and working capital offered by the bank are listed below:

  • Loan Against Property (LAP): Standard Chartered Bank has provided a secured loan. Standard Chartered Bank offers consumers a business loan secured by a mortgaged property in this lending option. The property can be either residential or commercial. The bank gives an appealing and low-interest rate on the business loan secured by the property.
  • Business Loan:A Standard Chartered Bank business loan is a loan that the bank offers to customers with special business needs. Customers may use the business loan to keep their operating money flowing smoothly, purchase the necessary instruments, recruit people, and develop their firm to new heights. Standard Chartered Bank provides business loans with a low- interest rate and a flexible payback period.

Other loan solutions offered by the bank for individual borrowers are listed in the table below:

Overdraft/Loan Against Property Foreign Exchange Hedging
Business Instalment Loan Loan Against Property (LAP) Saver

Accounts and Cash Management

The bank also offers account and cash management solutions to the business. With the various services provided by Standard Chartered Bank, businesses can easily access their accounts and cash from anywhere. The bank also allows businesses to perform transactions via their online banking platform. The solutions for accounts and cash management are listed below.

Business Accounts Channels Access Cash Management Services

Global Banking

The extensive global network of Standard Chartered Bank helps businesses to expand at the global level. The bank also provides SME trade solutions as well as cross border services to the companies for expansion at a greater level. The global banking solutions by Standard Chartered Bank are as follows: 

Foreign Exchange Hedging Import and Export Services

Business Protection

Standard Chartered Bank helps companies to expand their business by minimising the risks. With the help of these business protections, the companies do not need to worry about the risks and can take the necessary steps to expand the business and earn higher incomes. The bank offers various products and services for business protection. 

Foreign Exchange Services Online Treasury
Forex Sales Advisory  Insurance Services

Yield Enhancing

The products and services for business yield-enhancing helps the businesses and companies to grow their surplus cash. At the same time, it also offers smart investment services for maximising the potential returns of the business. The two yield-enhancing services and products offered by the Standard Chartered Bank are as follows:

Wealth Specialist Investment Services

Standard Chartered Bank Head Office Details

The customers can contact Standard Chartered Bank with their queries via the contact details mentioned below.

Global Head Office Address Standard Chartered Bank,  1 Basinghall Avenue,  London, EC2V 5DD
Indian Head Office Address  30 Central Market West Ground floor,  Punjabi Bagh, New Delhi,  Delhi – 110026
E-mail ID [email protected]

Standard Chartered Bank Contact Number

Global Contact Number +44 (0)20 7885 8888
Allahabad, Amritsar, Bhopal, Bhubaneshwar, Chandigarh, Cochin/Ernakulam, Coimbatore, Indore, Jaipur, Jalandhar, Kanpur, Lucknow, Ludhiana, Nagpur, Patna, Rajkot, Surat 39401616 / 66011616 
Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, Pune 39401616 / 66011616
Gurgaon, Noida 011–39401616 / 011 – 66011616 
Jalgaon, Guwahati, Mysore, Thiruvananthpuram, Vishakhapatnam, Proddatur, Dehradun, Saharanpur, Siliguri 1800-425-0109, 1800-3000-1616 

FAQs

From refinancing to reducing your interest, we have the answers right here.

Is Standard Chartered an Indian bank?

No, Standard Chartered is a British multinational bank with over 1,200 branches across 70 countries worldwide. Operating since 1858, it is the largest international bank in India, having over 100 branches across 42 cities.

Is Standard Chartered a good bank?

Yes. Being one of the oldest and the largest international banks in India, it offers not only flexible savings, recurring and fixed deposits but also affordable personal and home loan options along with insurance opportunities.

How do I close my Standard Chartered Bank account online?

You cannot close your Standard Chartered Bank account online. You have to download the Account Closure Form from the bank’s official website. Take a print of the form, fill it with the required details, sign it and attach your KYC documents. Submit the form to the nearest branch and surrender your debit card, passbook and Balance Cheque Leaves (if any). After verification, the bank will initiate your account closure process. Be mindful of transferring your account balance to another account before closing the account.

What are some advantages of Standard Chartered Bank?

The Standard Chartered Bank offers multiple advantages to its customers, including zero balance account, lifetime free platinum or manhattan card, free demand draft and NEFT/RTGS services.

Who owns Standard Chartered Bank?

The Standard Chartered Bank was formed by merging two British banks in 1969: Chartered Bank (started in 1853 by James Wilson) and Standard Bank (established by John Peterson in 1862). Currently, Bill Wilson is the Group Chief Executive, and Jose Vinals is the Group Chairman of the Standard Chartered Bank.

Can I open a zero balance account in Standard Chartered Bank?

Yes, you can open a zero balance account in Standard Chartered Bank.

What is the minimum deposit for Standard Chartered Bank?

While you can open a zero balance savings account in Standard Chartered Bank, you can open a term (fixed) deposit with a minimum deposit amount of Rs. 10,000.

Which country is the owner of Standard Chartered Bank?

The Standard Chartered Bank is a British multinational bank headquartered in London.

Get your latest Credit Score, FREE

Related Articles

Get in-depth knowledge about all things related to loans and your finances

How to Take Business Loan under CGTMSE Scheme?
Shiv Kumar GuptaJul 01, 2022

How to Take Business Loan under CGTMSE Scheme?

The Credit Guarantee Fund Trust for Micro and Small Enterprises was incorporated in 2000 by the Government of India under the Small Industries Development Bank of India and the Ministry of Micro, Small, and Medium Ent

Read More
Personal Loan for NRIs : Types, Features, Eligibility, and Interest Rates
Shiv Kumar GuptaJun 29, 2022

Personal Loan for NRIs : Types, Features, Eligibility, and Interest Rates

Most people in the country consider relocating abroad for higher education, better economic opportunities, or the desire to start a new life. Adapting to an entirely new living environment in a new country has i

Read More
Unsecured Business Loan - Eligibility, Documents & Interest Rates
Satish PrajapatiJun 28, 2022

Unsecured Business Loan - Eligibility, Documents & Interest Rates

What is an Unsecured Business Loan?

An unsecured Business loan is the type of loan granted to an applicant from a bank or financial institution without any pledged collateral. These business loans are

Read More