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  • Standard Chartered Bank Home Loan

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  • Standard Chartered Bank offers four types of home loans for different purposes. The Home Pack comprises a home loan, credit card, and a savings/current account, a mortgage loan against property, Home Saver that allows you to repay the loan faster, and a Home Loan.

    The processing fees charged are up to 1% of the amount and loan tenures up to 25 years. You can borrow up to Rs.35 crore with interest rates starting from 9.41% p.a.

    Standard Chartered Bank Home Loan Schemes

    Home Loans

    Key Highlights
    • Maximum loan amount of Rs.35 crore.
    • Maximum repayment period of 25 years.
    • Get up to 2% cashback based on your repayment record.
    • Home Saver: A financing option that lets you repay your loan faster.
    Interest Rate Starting from 9.41% p.a.
    Processing Fee Up to 1% of loan amount

    Home Pack

    Key Highlights
    • Comprises a home loan, credit card, and a savings/current account.
    • The credit card offered comes with perpetual annual fee waiver.
    • The pack also contains house holder package/mortgage-reduced term assurance to take care of your insurance needs.
    Interest Rate Contact the bank
    Processing Fee Nil

    Mortgage Loan Against Property

    Key Highlights
    • Maximum loan amount of 70% of property’s market value.
    • Residential and commercial properties are accepted for the loan.
    • Home Saver: A financing option that lets you repay your loan faster.
    • Door step service available for applying for this loan.
    Interest Rate Contact the bank
    Processing Fee Up to 1% of loan amount

    Home Saver

    Key Highlights
    • Interest offset is computed on a day-to-day basis.
    • Balance transfer and top-up loan facility are available.
    • Comes with a complimentary international debit card.
    • Door step service available for applying for this loan.
    Interest Rate Starting from 9.41% p.a.
    Processing Fee Up to 1% of loan amount

    Standard Chartered Bank Home Loan EMI Calculator

    When you calculate your EMIs (equated monthly instalments), you get a better idea of what your payments will look throughout the tenure of your loan. This estimate can help you manage your finances better. You can use the BankBazaar Standard Chartered Bank Home Loan EMI Calculator to help you calculate your home loan EMI.

    On this calculator, you need to enter your loan details including the tenure, amount, interest rate, and the processing fee. Then, click on the ‘Calculate’ on the screen to know your EMI. Apart from this, you will also know the interest you’ll pay on the loan along with an amortisation table. This table will tell you how much of your EMI will go towards the principal and interest components on the loan on a monthly and yearly basis.

    Eligibility Criteria

    Salaried, self-employed professionals, and businessmen are eligible to apply for home loans from Standard Chartered.

    Documents Required for All Home Loan Applicants Under Standard Chartered Bank

    • Photo identity proof documents.
    • Address proof documents.
    • Financial documents such as salary slips, bank statements, IT returns, etc. based on employment type.
    • Property documents.
    FAQs
    1. What is the minimum loan amount to apply for a Home Loan from the bank?

      The minimum loan amount is Rs.10 lakh.

    2. What is the minimum processing fee charged on a home loan?

      The minimum processing fee charged for a home loan is 0.50% of your loan amount. It can go up to 1% depending on the scheme you have chosen.

    3. Are the processing fees refundable in case my loan is not approved?

      No. The processing fees paid along with your loan application will not be refunded irrespective of your loan being approved or rejected.

    4. Can I apply for a home loan with a co-applicant?

      Yes. You can apply for this loan as a sole applicant or along with a co-applicant.

    5. Who can be a co-applicant on my loan?

      Your immediate family members can be co-applicants on your home loan. Family members include your parents, spouse, or children.

      

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    Standard Chartered Bank Home Loan Reviews

    • Standard Chartered Bank Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I have been using the STANDARD CHARTERED BANK home loan since from last 10 years. The documentation process was simple and also it was quick and i got the loan amount which is sufficient, the rate of interest was 9% with the loan. The duration for repaying was good.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 29, 2019
    • Standard Chartered Bank
      Standard Chartered Bank Home Loan
      "Best in the market"
      0.5 5.0/5 "Blown Away!"
      I am very happy customer of Standard Chartered, because my home loan interest rate is very less and attractive. At the time of availing the loan the documentation went well. I got 7.5% of interest for 20 years its really appreciated, even the bank as balance transfer and part payment option.
      Was this review helpful? 1
      , mumbai
      Reviewed on Mar 22, 2019
    • Standard Chartered Bank Home Loan
      "Till date no hassles"
      0.5 4.5/5 "Excellent!"
      I have taken my home loan with Standard Chartered Bank. The customer services are good. I got a good response as well. The rate of interest and processing charges are normal. In all it has been a good experience and the after loan services are also hassle free.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 16, 2019
    • Standard Chartered Bank Home Loan
      "Easy process"
      0.5 5.0/5 "Blown Away!"
      My home loan is with Standard Chartered Bank. There were no hassles in the process. The documentation process is good. The rate of interest and processing charges is also fine. It is a floating rate. It has been a good process and I got the loan on time.
      Was this review helpful? 3
      , ahmedabad
      Reviewed on Feb 14, 2019
    • Standard Chartered Bank Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      My home loan was taken with STANDARD CHARTERED BANK , and my experience with this bank is average i did not face any issues at the time of documentation, even the customer service and their response is up to the mark with this bank . The processing fee is average and tenure period is 20years.
      Was this review helpful? 3
      , bangalore
      Reviewed on Dec 09, 2018
    • Standard Chartered Bank Home Loan
      "Average"
      0.5 4.0/5 "Great!"
      The loan process was good in Standard Chartered Bank. I have taken a home loan in the year of 2003. It was taken for 20 years. I am paying monthly EMI as 4,850 rupees through cash. I have purchased a residential property. The part payment and pre closure option is available. The rate of interest was high compared to other banks.
      Was this review helpful? 0
      , kolkata
      Reviewed on Mar 13, 2018
    • Standard Chartered Bank Home Loan
      "Fine"
      0.5 2.5/5 "Just OK"
      i am using standard chartered salary account. it is ok but i am not able to deposit or contact bank immediately. because the branches are very less in chennai. compare between other banks they have to increase branches in chennai. but good customer service.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 14, 2017
    • Standard Chartered Bank Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan is with STANDARD CHARTER bank.The loan amount was 2 lakhs and the rate of interest was 11% which is average in the market . The EMI period was 3 years . The customer service and responsiveness was satisfactory. The pre closure is allowed only after 1 year here.They have sanctioned the loan with the committed time.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 20, 2017
    • Standard Chartered Bank Home Loan
      "Home Loan BAD SERVICE AFTER LOAN CLOSER"
      0.5 0.5/5 "Unacceptable"
      Home taken for 15 year's , closed loan in12 year's with full arears. Loan Amount 18,20,000/- bank collected 43,00,000/- Document not released, for emergency to contact local person bank need. Same person with bitter realationship she does'nt want to come to bank but she signed on appliction no-objectin for collect document proof of Adhar card. Bank want third person to present in bank, otherwise Home document not release in life time banks staff said.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Oct 06, 2017
    • Standard Chartered Bank Home Loan
      "Very Good service"
      0.5 4.0/5 "Great!"
      Initially I have asked for Rs.1lakh personal loan from Standard charted bank and they told they can give 2lakhs with the best offer and Finally they have suggested me to with 1.18lakh with the same interest then I felt OK and I got the loan from SCB. The process was good with SCB they have disbursed my loan on time. The whole process took 10 days time until the disbursement has done . The rate of interest is nominal. I am happy about the loan amount and the service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 14, 2017
    • Standard Chartered Bank Home Loan
      "SCB housing loan process "
      0.5 3.0/5 "Satisfactory"
      Interest rate charged by SCB is a little higher when compared with other banks like ICICI bank and PNB. It is a bit higher when compared with others . Interest rate is 9.65% . Processing fee charged by SCB is a bit high when compared with others. It was quite some time now since I had approached them for the same housing loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 07, 2017
    • Standard Chartered Bank Home Loan
      "Too quick"
      0.5 5.0/5 "Blown Away!"
      SCB was too quick and they hardly took 3 weeks of time. The only disadvantage is they were charging me high rate of interest and they did not revise the rate when there was a fall in the rate. Also they are not responding and they are not paying attention when it comes to reducing the rate therefore I had switched over to an other bank
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 30, 2016
    • Standard Chartered Bank Home Loan
      "Be more fast in services and transparent in details"
      0.5 3.0/5 "Satisfactory"
      SCB really needs to change on customer services for the home loan. They might be very process oriented but there should be some kind of transparency in details and most of all they need to be fast as they keep slowing down in giving a response, where as a customer cannot wait for long to get updates in financial matters.
      Was this review helpful? 1
      , mumbai
      Reviewed on Oct 03, 2016
    • Standard Chartered Bank Home Loan
      "Satisfactory"
      0.5 3.0/5 "Satisfactory"
      First of all , I want to start by saying, my home loan was processed by SCB. I would comment my experience as good. They have contacted me and provided me all the details which is requried for the loan on time. The process was good and smooth. The documents were collected on time too. I did not have a problem with the rate of interest and processing charges.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 26, 2016
    • Standard Chartered Bank Home Loan
      "Not satisfactory"
      0.5 1.0/5 "Really Bad"
      I have taken my home loan from Standard chartered Bank. The services and response has not been satisfactory. They do not have in house staff for the bank. And there is a lot of miscommunication between the bank and the agencies. The disbursement for the loan took around 1.5 year. The rate of interest was average. The processing charges was average too.
      Was this review helpful? 2
      , pune
      Reviewed on Mar 15, 2016
    • Standard Chartered Bank Home Loan
      "Not satisfactory"
      0.5 1.0/5 "Really Bad"
      I have taken my home loan from Standard chartered Bank. The services and response has not been satisfactory. They do not have in house staff for the bank. And there is a lot of miscommunication between the bank and the agencies. The disbursement for the loan took around 1.5 year. The rate of interest was average. The processing charges was average too.
      Was this review helpful? 1
      , pune
      Reviewed on Mar 15, 2016
    • Standard Chartered Bank Home Loan
      "Simply Superb"
      0.5 4.5/5 "Excellent!"
      The home loan products from Standard Chartered Bank are excellent and their response to the customer is good and timely. I have relationship with Standard Chartered Bank since 9 years and I am quite happy with their service and products. Their fee are nominal and attractive
      Was this review helpful? 0
      , pune
      Reviewed on Mar 09, 2016
    • Standard Chartered Bank Home Loan
      "Easy approval!"
      0.5 4.0/5 "Great!"
      Standard Chartered Bank processed me the loan amount in a weekâ??s time. Since I took the loan amount through my builder, the entire loan process was taken care by him. The whole tenure for the home loan is of 15 years and I successfully completed 10 years with them.
      Was this review helpful? 1
      , pune
      Reviewed on Feb 02, 2016
    • Standard Chartered Bank Home Loan
      "Very supportive"
      0.5 5.0/5 "Blown Away!"
      My home loan is from Standard chartered bank. I am happy with the process for the loan. The services was good. They were very responsive. They know their customers very well. The rate of interest was reasonable. The processing charges was good too. Overall it was a very good experience with the bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 26, 2016
    • Standard Chartered Bank Home Loan
      "Above Average"
      0.5 3.5/5 "Pretty good"
      I did not interact with Standard chartered bank much as it was a transferred home loan from another banks. So the process was good. They done things quickly. The rate of interest was average. The charges was normal too.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 26, 2015
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