Standard Chartered Bank Business Loan

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About Standard Chartered Bank

Standard Chartered is one of India's largest international bank that initiated its operations in the year 1858. SCB has over 150 years of international experience that makes it the most reliable and customer friendly bank. The bank with its global capabilities and deep knowledge of Indian market offers an extensive range of financial products and services to meet the financial needs of an individual and businessmen.

Standard Chartered Business Loan Features and Benefits

Standard Chartered offers a Business Loan with several benefits that are mentioned below:

  • Attractive rate of interest: Standard Chartered offers a Business Loan at the attractive rate of interest starting from 16%.
  • Loan Amount: The bank offers a high amount of business loan. A Business Loan can be taken as lowest as 10 Lakhs that can go up to 75 Lakhs.
  • Quick and easy process: The process of applying for a business loan from Standard Chartered is quick and easy.
  • Business Turnaround Period: Standard Chartered approves the loan application on the fulfilment of the process and disburses the loan in the loan account within two weeks of filing the application.
  • Business Loan tenure: Standard Chartered Bank offers Business Loan for the flexible tenure that ranges from 12 months to 36 months.
  • Security Required: The borrower does not require any security or collateral for applying for a business loan from Standard Chartered Bank.

Apply for a Business Loan

Standard Chartered Bank Eligibility Criteria

There are several eligibility factors that affect the loan amount. The eligibility criteria for Standard Chartered Business Loan are mentioned below:

Eligibility Criteria

 

  Who can Apply?

  • Sole Proprietor
  • Partnership Firms
  • Private Limited Companies
  • Public Limited Companies
  • Professionals including Doctors, Architects, CAs and Business Consultants

Standard Chartered Bank Business Loan Documentation

The following documents are required for applying for a Business Loan from Standard Chartered Bank:

Document Type

 

  Bank Statements

  Bank Statement for last 6 months

  Financials

  • Income Tax Statements of last 2 years
  • Balance Sheet of last 2 years
  • GST Statement of last 1 year
  • Profit and Loss Statement of last 2 years

  Identity Proof (Anyone)

  • Aadhar Card or the letter issued by the UDAI
  • Valid Passport
  • Valid Driving License
  • Voter's ID

 

  Address Proof (Anyone)

  • Aadhar Card or the letter issued by the UDAI Valid Passport
  • Photo PAN Card
  • Voter?s ID
  • Valid Driving License

  Other Documents

  • Application Form
  • Passport Size Photo signed across

  • Interest Rate 14% - 17%
  • Loan Amount 10L - 75L
  • Processing Fee 1.5% - 2%
  • Tenure3 Years

  • Quick Apply

Other Type of Business Loan Offered by Standard Chartered

The bank offers other types of a business loan that is mentioned below:

Business Working Capital:

  • Overdraft
  • Short-term Loan

Business Expansion and Loans:

  • Lease Rental Discounting

Standard Chartered Business Loan Fees & Charges

Type

Features

  Processing Fee

 Up to 2.0% of the loan amount

  Pre-Closure Charges

 Up to 3% of the Outstanding loan amount

Other Available products from Standard Chartered

EMI CALCULATOR

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EMI Calculator

Loan EMI

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