Standard Chartered Bank is a British multinational banking and financial services. It was established in 1969 and headquarters in London, England. It operates a network of more than 1200 branches and outlets across more than 70 countries and employees around 87000 people.
Standard Chartered gives you easy loan solutions to help you finance your dream home. Purchasing a house is the dream of every individual. Make your dream of owning a home a reality with Standard Chartered Bank Home Loan. Here, we talk about all things above that are quite normal but there is change in it, now everyone can buy their dream home with ease. You all think that “how it is possible? To overcome with this issue Standard Chartered came with an exciting opportunity i.e. Standard Chartered Bank Home Loan.
1. Attractive rate of interest starting at 8.71% per annum
2. Easy home loan balance transfer
3. Low processing fees
4. No hidden charges
5. Available for both salaried and self employed
6. Minimal documentation
7. Repayment tenure period upto 25 years
8. Maximum loan amount upto Rs.35 crore
9. Get up to 2% cashback based on your repayment record
|
TYPE |
CHARGES |
|
Processing fee |
0.05% to 1% of the loan amount |
|
Penal interest |
24% per annum |
|
Foreclosure charges |
|
|
Part payment charges |
|
|
CERSAI Fees |
Rs.500 |
|
ELIGIBLE |
Salaried employees, self employed individuals , private firms, partnership firms |
|
AGE |
23 years to 70 years |
1. Fully filled signed application form
2. Passport size photograph
3. ID Proof : Aadhaar Card, PAN Card, Driving License, Passport, Voter identification, Employment id
4. Address Proof : Aadhar Card, Rental agreement, Voter id, Driving license, Passport, Employment id
5. Income Proof : For salaried employees = 3 months salary slip, last 2 years ITR Return or form 16, Bank statement for last 2 months showing that the salary has been credited
6. For Self employed individuals / professionals = 2 years ITR return, Profit & loss account and Balance sheet computation with CA seal and sign, Bank statement for the last 6 months.
Standard Chartered Bank Home Loan Schemes :
1. Regular Having Loan :
This scheme is availed to buy or construct a new home.
2. Cashback Home Loan :
It can be availed for cashback facility on home loan.
3. Home Loan Top up :
This scheme is available for existing home loan customers who need an extra amount to fulfil personal and business needs.
4. Balance Transfer Home Loan :
This is avail for those customers who want to change their home account from any other bank.
5. Home Saver :
It avails the flexibility and freedom to make excess payments so that you can reduce the duration of your loan anytime, without penalties.
|
BANKS |
INTEREST RATE |
|
Starts at 10.05% onwards |
|
|
Starts at 7.75% onwards |
|
|
Starts at 7.75% onwards |
|
|
7.75% to 9.40% |
|
|
Start at 9.55% onwards |
|
|
8.15% to 8.30% |
|
|
8.90% to 9.15% |
|
|
6.95% onwards |
|
|
7.40% onwards |
|
|
6.95% onwards |
|
|
6.95% onwards |
|
|
6.95% onwards |
|
|
6.95% onwards |
|
|
7.65% onwards |
|
|
7.90% onwards |
|
|
9.50% to 10.50% |
|
|
6.75% onwards |
|
|
10.45% onwards |
|
|
8.05% onwards |
|
|
7.45% onwards |
|
|
6.95% to 7.50% |
|
|
7.40% to 9.70% |
|
|
9.60% to 10.55% |
|
|
7.34% to 8.29% |
|
|
6.95% to 8.05% |
|
|
Starting at 8.71% |
|
|
7.80% to 8.80% |
|
|
9.75% to 10.05% |
|
|
8.55% to 8.655 |
|
|
11.005 to 11.505 |
|
|
8.00% to 15.00% |
|
|
6.85% to 7.75% |
|
|
6.85% to 7.755 |
|
|
6.90% to 8.90% |
|
|
7.55% to 8.40% |
|
|
Starting at 7.00% |
1. Standard Chartered Bank Home Loan
2. Standard Chartered Bank Personal Loan
3. Standard Chartered Bank Loan against Securities
There are two ways to apply for home loans from Standard Chartered Bank :
1. Offline Method : By visiting nearest bank branch
2. Online Method :
First of all first visit to official website of Standard Chartered Bank
In retail section go to the “loans”
Now click in home loan
After that go to “Home loan”
Now click on apply now and fill application form
How to contact with Standard Chartered Bank :
1. By customer care contact number : 18003451000
2. By customer care email id : customer.care@sc.com
The following formula is used to calculate EMI of Standard Chartered Bank Home Loan :
EMI = [PXRX(1+R)^N] / [(1+R)^N-1]
Where,
P stands for Loan Amount
R stands for Interest Rate
N stands for tenure in number of months
Financials products offered by Bank :
Interest rates for Standard Chartered bank home loans start at 8.71% per annum.
Standard Chartered Bank provided loan amounts ranging from Rs.10 lakh to Rs.35 crore for home loan.
The tenure period of Standard Chartered Bank home loan is 5 years to 25 years.
You can apply online and online both for Standard Chartered Bank Home Loan.
Yes, the minimum age of the customer is 23 years and the maximum age of the customer is 70 years to get a loan from Standard Chartered Bank Home Loan.
The following formula is used to calculate EMI of Standard Chartered Bank for Home Loan is EMI = [PXRX(1+R)^N] / [(1+R)^N-1], where P stands for Loan Amount, R stands for Interest Rate, N stands for tenure in number of months.
Salaried employed, self employed individuals, private firms and partnership firms are eligible to take a home loan from Standard Chartered Bank.
Last Updated on : 18/Aug/2020Know More About
You're eligible for a Standard Chartered Bank Home Loan if you:
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
Your eligibility depends on:
Earn more than minimum income required
Maximum allowed Home Loans is Rs. 10K to Rs. 45 lakhs
EMIs of other loans loweryour eligibility
Boost your eligibility by:
Pay off your credit card bills
Choose longer tenure loan up to 5 years
Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:
- 1. Photo ID and age proof
- 2. Signed application form with photograph
- 3. Residence proof
- 4. Last 6 months bank statement
- 5. Documentation for salaried applicants:
- Last 3 months salary - slips
- Form 16 or Income Tax Returns
- 6. Documentation for self-employed applicants:
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
Updated on 25 Nov 2017
| Standard Chartered Bank Home Loan Details | |
|---|---|
| Interest Rate (Monthly reducing balance) | 8.71% - 0% |
| Processing Fees | 0.5% - 1.50% of the Loan Amount |
| Loan Tenure | 5 year to 25 years |
| Pre-closure Charges | Varies with bank |
| Guarantor Requirement | Varies with bank |
Home Loans EMI Calculator