Standard Chartered PLC is a British multinational banking and financial services company headquartered in Hong Kong, China. It operates a network of over 1,700 branches and outlets across more than 70 countries and employs around 87,000 people. It is a universal bank with operations in consumer, corporate and institutional banking, and treasury services. Standard Chartered Home Loan helps you buy your dream home with an easy financing solution featuring low interest rates and unrivalled levels of service. On BankBazaar, you can apply for a Standard Chartered Home Loan and get instant e-approval.
At least 21 years old
Less than 65 years old
Salaried / Self-employed
with regular income
Earn more than the minimum
EMI limited to about 50%
of monthly income
Loan capped @ 80% of property value
EMIs of other loans lower
Make your spouse a co-applicant,
and her income will add
to your eligibility
Choose longer tenure loan of 5 years to 20 years
Alternatively add your parents
- Last 3 months salary-slips
- Form 16 or Income Tax Returns
- Last 2 years Income Tax Returns
- Last 2 years CA Certified Profit & Loss Account
|Interest Rate||8.96% to 9%|
|Processing Fees||0.5% - 1.50% of the Loan Amount|
|Loan Tenure||5 years to 25 years|
|Partial pre-payment Charges||Nil|
Founded in 1969, the Standard Chartered Bank is considered to be one of the leading International banks with a strong presence in a number of countries, particularly in the Asian continent. Originally, the bank was the product of the amalgamation of two entities- the Standard Bank of British South Africa and the Chartered Bank of India, Australia and China. Herein, the Chartered Bank first opened its branches in Mumbai (the erstwhile Bombay), Kolkata and Shanghai in 1858. Today, Standard Chartered Bank has a rich history in the Indian sub-continent, spanning 150 years and inclusive of 99 branches in 42 cities. This makes the Standard Chartered Bank, India’s largest international bank with a staunch local following.
There are quite a few perks associated with the Standard Chartered Bank Home Loan- international standard of service, customer comfort and a hassle free, transparent application process being the expected highlights. The bank assures its prospective customers that their application for the home loan will be processed within the span of 5 days, failing which the customer is liable to receive a refund of Rs.5,000 (terms & conditions apply, of course). The Standard Chartered Home Loan interest rates are very competitive and offer the salaried and self-employed applicants a wide range of repayment tenures, starting at 5 years to 20 years. Listed below are a comprehensive inventory of the various features and benefits of the Standard Chartered Bank home loan.
Applying for a home loan from Standard Chartered Bank, one of the premier banking organizations in the world, is a study in convenience and professionalism. Primarily, a home loan of this nature addresses these fundamental concerns that impact almost all home buyers-
In order to qualify for this loan, the following criteria must be fulfilled-
The applicable Standard Chartered Bank Home Loan interest rate is 9.35% to 9.45%. This interest rate applies for loan tenures ranging from 5 to 25 years.
Frequently asked questions about SCB home loan.
The loan amount ranges from a minimum of Rs.5 lakhs to a maximum of Rs.10 crore.
Depending upon the chosen home loan scheme, the processing fee ranges from 0.5%-1.50% of the sanctioned amount.
The obvious choice would be your spouse, parents or children. You could also choose your siblings as co-applicants if they currently are the co-owners of the property in question. Alternatively, you can also choose partnership firms, private limited companies or proprietorship concerns as co-applicants on the home loan.
If your loan application is rejected, the processing fee (minus Rs.2000) will be refunded to you. However, if your loan is approved, the processing fees will not be refunded.
Your loan will be approved or not, within 5 working days.
This calculation is done on the basis of daily reducing balance and is charged per a monthly cycle.
The Standard Chartered Bank Home Loan offers the convenience, transparency and short turn-around times that can be expected from an internationally acclaimed bank. This loan is highly customizable, scalable and has additional provisions that protect your family against the burden of loan repayment in the unfortunate event of your premature death. All in all, a solid home loan plan for your ideal, dream home.
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