Benefits you will receive
- Personal Loans up to Rs. 5 million and the ability to enhance the loan amount every six months.
- Auto Loan amounts ranging from Rs. 1 million to Rs. 10 million.
- 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. Salary transfer customers up to 84 months.
- Special interest rates for Priority Banking customers.
- No guarantors required
*84 month tenor is only for Personal loan customers (not applicable for vehicle purchases)
Personal Loans
Eligibility requirements to obtain your Personal Loan
- Applicants should be between 18 - 60 years of age.
- Earning a minimum basic salary of Rs. 50,000/- and 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.
- Copy of your National Identity Card (NIC).
- Evidence of income - latest pay slips (within last 2 months).
- Most recent utility bill.
Auto Loan
Additional documents for Vehicle Purchase
- 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.
Loan against car
(obtain funds to upgrade your car or even for personal expenditure)
- Loan amounts ranging from Rs. 500,000/- to Rs. 4 million.
- No early settlement fees for loans settled within the first year.
Applicable Interest Rates (Rates are valid till 31st December 2013)
- Priority Banking Customer 14.75%
- Preferred Banking Customer 15.25%
- Personal Banking Customer 15.9%
Terms and conditions apply
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