What is the minimum loan amount to apply for a Home Loan from the bank?

The minimum loan amount Standard Chartered Bank Home Loan is Rs.10 lakh.

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.

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.

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.

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

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 8.95% p.a.

Compare: Home Loan Interest Rate all Banks

Standard Chartered Bank Home Loan Offers

Standard Chartered Bank Home Loans
1. Maximum loan amount of Rs.35 crore.
2. Maximum repayment period of 25 years.
3. Get up to 2% cashback based on your repayment record.
4. Home Saver: A financing option that lets you repay your loan faster.

Interest Rate	Starting from 8.95% p.a.
Processing Fee	Up to 1% of loan amount

Standard Chartered Home Pack Loan
1. Comprises a home loan, credit card, and a savings/current account.
2. The credit card offered comes with perpetual annual fee waiver.
3. 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

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Standard Chartered Mortgage Loan Against Property
1. Maximum loan amount of 70% of property's market value.
2. Residential and commercial properties are accepted for the loan.
3. Home Saver: A financing option that lets you repay your loan faster.
4. Door step service available for applying for this loan.

Interest Rate	Contact the bank
Processing Fee	Up to 1% of loan amount

Standard Chartered Home SaverInterest RateStarting from 8.60% p.a.Processing FeeUp to 1% of loan amount
1. Interest offset is computed on a day-to-day basis.
2. Balance transfer and top-up loan facility are available.
3. Comes with a complimentary international debit card.
4. Door step service available for applying for this loan.

Interest Rate	Starting from 10.10% p.a.
Processing Fee	Up to 1% of loan amount

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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 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.

Standard Chartered Bank Home Loan Documents Required

Photo identity proof documents.
Address proof documents.
Financial documents such as salary slips, bank statements, IT returns, etc. based on employment type.
Property documents.

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A good credit score can help you secure lower interest rates on loans and credit cards.

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FAQs on Standard Chartered Bank Home Loan

What is the minimum loan amount to apply for a Home Loan from the bank?
The minimum loan amount Standard Chartered Bank Home Loan is Rs.10 lakh.
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.
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.
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.
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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