Standard Chartered Bank

Standard Chartered Bank

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

Rate of Interest

  • Floating Rate of Interest : 9.50 % to 10.80 % p.a.

Eligibility Criteria

  • Minimum 21 years of age and maximum 65 years
  • Loan period from 1 years to 15 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  Fee 1.8 %  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 financial and banking service company. It’s headquartered in London. The Standard Chartered Loan against Property is a multipurpose loan. SCB 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.  You can take loan against property against your residential or commercial property and is available for personal expenses like holidays, education, marriage etc.

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

Minimum income required Rs.25,000 per month
EMIs of other loans lower your eligibility
Pay off your credit card bills
Choose longer tenure loan up to 15 years

Rate of Interest and Other Charges for Loan Against Property are following

Rate Of Interest:


Loan Type

Rate Of Interest


Loan Against Property

9.5% to 10.8%

Existing Loan take over or New Loan

Here are some points for this:

  • Fast Approval: The bank follows the practice of fast approval of the loan.
  • Tenure of Standard Chartered property loan is longer which means the duration of your EMI on property loan will also be longer.
  • Interest rate for loan against property is lower and therefore it acts as a good tool for debt consolidation.
  • You can calculate the EMI using a Loan Against Property EMI Calculator to get the exact figure and amount.

Features of Loan

Features and Benefits of Loan Against property:

  • The loan against property from Standard Chartered Bank can be availed up to 70% of the market value of the property, against which the loan is being sought.
  • It is a multi-purpose loan and can be availed by an individual to meet any personal or business need.
  • These loans are available at low rate of interest, thus making it easier for the borrower to pay off.
  • These loans can be availed against residential, commercial or industrial property.

Documents required for Standart Chartered Loan against Property

The following documents are required for HDFC Loan against property:

For Salaried Individuals:

  • Proof of Residence(any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voter’s ID Card
  • Proof Of Identity(any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver’s License
  3. employer’s Card
  • Bank Statement / Passbook of last 6 months
  • Salary slip of last 6 months.
  • Form 16 for previous 2 years.
  • Legal documents of the concerned property.

For Self-employed individuals

  • Certified financial statement of last 3 years.
  • Proof of Residence (any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voters Card
  • Proof of Identity (any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver License
  3. Employer’s Card
  • Latest Bank Statement or Passbook
  • Copies of all property documents which you want to use as collateral.