Under the category of loans and mortgages, Standard chartered bank offers numerous types of loans and one of them is the standard loan against security. The standard loan against securities is your security in case of emergencies, offered by the bank against your securities like shares, debentures, insurance policies etc. So this means your assets can get you liquidity in the form of standard loan against securities, even without selling them. There are many noticeable and vital features of the standard loan against security that one must know before applying for the loan and we are going to present some of the important ones in this page of Money Super Bazaar.

Standard Chartered claims that to process the application for Standard loan against security they do not ask any questions and do not even need an income proof. But of course, there are certain minimum pre-requisites and documents that have to be provided to the bank to get the approval for standard loan against securities. With standard loan against security, you also get facilities similar to any other bank account. For example ATM card, phone banking and a cheque book. This is the account where your loan is credit upon disbursement.

Talking of charges and fees, there are few charges like pre-payment and processing charges. The bank claims that the interest rates on their standard loan against securities are low and competitive. However, for interest rates and other charges, one should thoroughly check with the nearest bank branch and must read all terms and conditions carefully. One nice feature about the standard loan against securities is that you pay interest only on the money you withdraw and use, even if the loan disbursed and credited to your account is more. So as you withdraw more amounts, the interest payable increases. The withdrawal limit could be up to a maximum of 50% of the value of the pledged securities.

As far as availability is concerned, as of now, the standard loan against security is available in selected cities only. For each zone in the country, they have selected cities offering this type of loan. The process of loan application is simple and quick though.