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  • In Schedule of Charges June 17 GST

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    manihar veeramallu
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    Effective August 1st, 2021, Standard Chartered Bank has updated its schedule of service charges for personal loans. Key charges include: 1) Loan processing charges of up to 2.25% of the loan amount for new loans. 2) Prepayment charges following a grid where the fee decreases the longer the loan has been outstanding, from 5% if prepaid within 12 months to 2.5% if prepaid after 36 months. 3) Late payment fees of Rs. 495 and interest on arrears of 2% per month. All charges are subject to applicable taxes and fees/charges may change at the bank's discretion.

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    Effective August 1st, 2021, Standard Chartered Bank has updated its schedule of service charges for personal loans. Key charges include: 1) Loan processing charges of up to 2.25% of the loan amount for new loans. 2) Prepayment charges following a grid where the fee decreases the longer the loan has been outstanding, from 5% if prepaid within 12 months to 2.5% if prepaid after 36 months. 3) Late payment fees of Rs. 495 and interest on arrears of 2% per month. All charges are subject to applicable taxes and fees/charges may change at the bank's discretion.

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    © All Rights Reserved
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    11 views1 page

    In Schedule of Charges June 17 GST

    Uploaded by

    manihar veeramallu
    Effective August 1st, 2021, Standard Chartered Bank has updated its schedule of service charges for personal loans. Key charges include: 1) Loan processing charges of up to 2.25% of the loan amount for new loans. 2) Prepayment charges following a grid where the fee decreases the longer the loan has been outstanding, from 5% if prepaid within 12 months to 2.5% if prepaid after 36 months. 3) Late payment fees of Rs. 495 and interest on arrears of 2% per month. All charges are subject to applicable taxes and fees/charges may change at the bank's discretion.

    Copyright:

    © All Rights Reserved
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    SCHEDULE OF SERVICE CHARGES PERSONAL LOANS

    Effective 1st August 2021

    Personal Loan Charges - Standard Chartered Bank


    Retail Loan Charges
    Loan Processing Charges up to 2.25% of
    (For new loans only, Not applicable for top up loans) loan amount

    Prepayment Charges As per the Grid*


    Late Payment Fees `495
    Interest on arrears 2% per month
    Swap Charges* `500

    PS:
    All charges exclusive of applicable taxes

    GST will be levied at the applicable rates in force on all taxable supplies with effect from1 July 2017

    Documentation and administration charges (applicable for top up loans) upto 2.25% of net loan
    amount

    *Swap Charges : These are charges for replacement of current payment instrument like ECS/Standing
    Instruction with a new ECS/Standing Instruction

    Pre closure Grid is


    Pre Closure Fee Principal Outstanding Of Loan

    0 to 12 5.0%

    12 to 24 4.0%

    25 to 36 3.5%

    >36 2.5%

    Loans booked prior to 1st August 2021, pre-closure charge will be as communicated at the time of loan booking.
    Part Payment Fee is same as Pre closure
    For Staff the pre-closure fee is Nil post completion of 12 EMI.
    Please note : Fees and charges are subject to change from time to time as communicated by the bank

    sc.com/in

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