Standard Chartered Bank

Standard Chartered Bank

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
Action

Rate of Interest

  • Floating rate of Interest : 9.30% p.a. to 11% p.a.

Eligibility Criteria

  • Minimum 21 years of age and maximum 65 years
  • Loan period from 3 years to 25 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing Fees 0.00% to 1.00% depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about Standard Chartered Bank

Standard Chartered Bank is a British multinational banking and financial  services Company. It’s headquartered in Hong Kong, China. It operates a netword of over 1,700 branches and outlets across more than 70 countries and employs around 87,000 people. It’s 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.

Your Eligibility depends on following


You should be minimum 21 years old

You should be maximum 65 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Make your spouse as co applicant , her/his income will also be added in eligibility
Choose longer tenure of loan period maximum upto 25 years
Add more than one co applicant if required to enhance your eligibility
Close short term loans, this will also increase your eligibility

Rate of Interest and Other Charges for Home Loan are following

Interest rate for home loan:

Sno.

Loan Schemes

Interest Rates

1

Standard Chartered Bank

9.35%(Salaried)- 9.45%(Self Employed)

 

Marginal Cost of funds based Lending Rate (MCLR)

Sno.

Tenure

Tenure wise MCLR

1

Overnight

8.30%

2

1 month

8.75%

3

3 month

8.85%

4

6 month

8.95%

5

1 year (12 month)

8.95%

6

2 year (24 month)

9.30%

7

3 year (36 month)

9.45%

Existing Loan take over or New Loan

Here are Some featured for Existing Loan take over or new loan, it is additional benefits :-

  • Give you the facility to save your tax.
  • It allows the top up on your home loan at attractive rate of interest if you repaying more than 6 months.
  • These home loans come in variable and semi-fixed rate formats that include a one-time processing fee and absolutely no hidden charges.
  • salaried and self-employed customers can enjoy a range of repayment tenures, starting from 3 years to 30 years.
  • Save time, money and effort, while getting an instant response when you apply online for the Standard Chartered Bank home loan.

Features of Loan

Features Of Loan:

  • Loan is available for both salaried and self-employed.
  • Only one time processing fees and no hidden charges is there.
  • You can choose tenure from 3 years to 30 years.
  • You can transfer your existing high interest loan to lower interest and save on interest.
  • This option combines the dual benefits of property and home content insurance into one unbeatable policy.

Documents Required for applying  Home Loan  with Standard Chartered Bank

  • Signed application form with photograph
  • Pan Card for all applicant and co applicants
  • ID proof and residence proof for all applicant and co applicant
  • ITRs with computation for latest 3 years
  • Copies of Sanction letter/ Statement of account of all existing loans
  • Other Documents required for Salaried person
    1. Salary Slip for last 6 months
    2. Bank Statement for last 6 Months
    3. Form 16 for last 2 years
    4. Relationship proof with co applicant
  • Other Documents required for Self Employed – Proprietorship
    1. Business profile
    2. CA certified profit and loss account along with balance sheet for last 3 years
    3. Business registration certificate
    4. Office address proof
    5. Bank Statement for last 12 months
    6. Relationship proof with co applicant
  • Other Documents required for Self Employed – Partnership Firm
    1. Business profile
    2. CA certified profit and loss account along with balance sheet for last 3 years
    3. Partnership deed
    4. Office address proof
    5. Business registration certificate
    6. Bank Statement for last 12 months
  • Other Documents required for Company
    1. Business profile
    2. CA certified profit and loss account along with balance sheet for last 3 years
    3. MOA/AOA/COI
    4. Office address proof
    5. Business registration certificate
    6. Bank Statement for last 12 months
  • Additional Documents required for Balance Transfer case
    1. Statement of account of existing loan
    2. List of Documents given to existing bank
    3. Foreclosure letter
  • Property papers
    1. Complete chain of property papers along with sanctioned plan