Standard Chartered Bank Home Loan Interest Rate, Review, Customer care

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STANDARD CHARTERED BANK HOME LOAN

About Standard Chartered Bank Home Loan :

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.

 Benefits of 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

Fees and Charges of Standard Chartered Bank Home Loan :

TYPE

CHARGES

Processing fee 

0.05% to 1% of the loan amount 

Penal interest

24% per annum

Foreclosure charges 

  • For individuals : NIL

  • For others : 2.5% of the principal outstanding

Part payment charges

  • For individuals : NIL

  • For others : Nil for part pre payment less than 25% of the principal outstanding in a calendar year

  • 2.5% of the entire amount being paid for part pre payment greater than 25% of principal outstanding in a calendar year

CERSAI Fees

Rs.500

Eligibility Criteria for Standard Chartered Bank Home Loan :

ELIGIBLE

Salaried employees, self employed individuals , private firms, partnership firms

AGE

23 years to 70 years

Documents Required for Standard Chartered Bank Home Loan :

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.

 Compare other bank home loan interest rates :

BANKS 

INTEREST RATE

AXIS Bank Asha Home Loan

Starts at 10.05% onwards 

AXIS Bank Shubh Aarambh Home Loans

Starts at 7.75% onwards

AXIS Bank Fast Forward Home Loans

Starts at 7.75% onwards

AXIS Bank Home Loan

7.75% to 9.40%

AXIS Bank Empower Home Loan

Start at 9.55% onwards 

AXIS Bank Super Saver Home Loan

8.15% to 8.30%

AXIS Bank TopUp Loan

8.90% to 9.15%

SBI NRI Home Loan

6.95% onwards

SBI Flexipay Home Loan

7.40% onwards 

SBI Privilege Home Loan

6.95% onwards 

SBI Regular Home Loan

6.95% onwards 

SBI Shaurya Home Loan

6.95% onwards 

SBI Pre-approved loan

6.95% onwards 

SBI Realty Home Loan

7.65% onwards

SBI Home Top Up Loan

7.90% onwards

SBI Bridge Home Loan

9.50% to 10.50%

SBI Tribal plus Home Loan

6.75% onwards

SBI Earnest Money Deposit

10.45% onwards

SBI Reverse Mortgage Loan

8.05% onwards

SBI CRE Home Loans

7.45% onwards 

HDFC Bank Home Loan

6.95% to 7.50%

Kotak Mahindra Bank Home Loan

7.40% to 9.70%

Yes Bank Home Loan

9.60% to 10.55%

Citi Bank Home Loan

7.34% to 8.29%

ICICI Bank Home Loan

6.95% to 8.05%

Standard Chartered Bank Home Loan

Starting at 8.71%

IDBI Bank Home Loan

7.80% to 8.80%

RBL Bank Home Loan

9.75% to 10.05%

HSBC Bank Home Loan

8.55% to 8.655

HSBC Bank Smart Home Loan

11.005 to 11.505

IndusInd Bank Home Loan

8.00% to 15.00%

Bank of Baroda Home Loan

6.85% to 7.75%

Bank of India Home Loan

6.85% to 7.755

Canara Bank Home Loan

6.90% to 8.90%

Indian Bank Home Loan

7.55% to 8.40%

Punjab National Bank Home Loan

Starting at 7.00%

Other products of Standard Chartered Bank :

1. Standard Chartered Bank Home Loan 

2. Standard Chartered Bank Personal Loan

3. Standard Chartered Bank Loan against Securities

How to apply for Standard Chartered Bank Home Loans :

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

How to calculator EMI of Standard Chartered Bank Home Loan :

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 :

BUSINESS LOAN

CAR LOAN

COMMERCIAL LOAN 

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN 

HOME LOAN 

LOAN AGAINST PROPERTIES 

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

Standard Chartered Bank Home Loan Frequently Asked Questions :

1. What is the interest rate on the home loan by Standard Chartered Bank?

Interest rates for Standard Chartered bank home loans start at 8.71% per annum.

2. What is the minimum and maximum home loan amount provided by Standard Chartered Bank?

Standard Chartered Bank provided loan amounts  ranging from Rs.10 lakh to Rs.35 crore for home loan.

3. How much tenure period of Standard Chartered bank home loan?

The tenure period of Standard Chartered Bank home loan is 5 years  to 25 years.

4. How to apply for Standard Chartered Bank Home Loan?

You can apply online and online both for Standard Chartered Bank Home Loan.

5. Is age an important factor to get a home loan from Standard Chartered Bank?

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.

6. Which formula is used to calculate EMI of Standard Chartered Bank for 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.

7. Who is eligible to take a home loan from Standard Chartered Bank?

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/2020

Know More About

Standard Chartered Bank Home Loan

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

Standard Chartered Bank Home Loan Interest Rates

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

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959