Standard Chartered - 8.95% for Home Loan - New Purchase Home Loan

Standard Chartered Home Loan:

Standard Chartered Bank is a large Foreign Bank with the lowest home loan percent rate in India.

Currently the bank offers home loans starting from the 8.95% p.a. onwards* with the quick approval and easy process.

Home Loan in standard Chartered Bank is quite popular with its special features and attractive rates under the various Standard Chartered bank home loan schemes for different income and occupation groups.

 

Below the mentioned are the details of home loan Standard Chartered Housing Finance.

Age	Min 21 and Max 60 years for salaried Min 21 and max 60 years for self employed
Repayment Tenure	Up to 25 years
Interest Rate	8.95% p.a. onwards*
Interest rate linked to	MCLR
Processing Fee	0.5% to 1% of the sanctioned loan amount (based on the scheme chosen)

 

Standard Chartered Home Loan:

Standard Chartered Bank is a large Foreign Bank with the lowest home loan percent rate in India.

Currently the bank offers home loans starting from the 8.40% p.a. onwards * with the quick approval and easy process.

Home Loan in standard Chartered Bank is quite popular with its special features and attractive rates under the various Standard Chartered bank home loan schemes for different income and occupation groups.

 

Some of the Benefits of Standard Chartered Home Loan are:

Loan available for both salaried and self employed

Special rates for women borrowers.

Borrowers within the age group of 21 and 60 years.

Security: Mortgage of property you are planning to purchase, renovate or construct.

Loan to Value Ratio of 80%

Loan tenure can be range from 5 to 20 year

Interest rate in the range of 8.75% p.a. onwards

 

Standard Chartered Home Loan:

Apply:

If you want to get a home loan from standard chartered, the process to get the loan is fairly easy.

All you need to do is to apply for a home loan at Apnarupee.com.

We are a channel partner of all top banks in India including HDFC, SBI, Axis Bank, Citibank.

Your loan application will be processed online and standard chartered representatives will get in touch to begin the process of getting a home loan.

You will also be assisted by Apnarupee.com housing loan advisor to ensure that all the lending process is smooth, quick and you get the best house loan from standard chartered.

You can also do a comparison of standard chartered Home Loan Interest rates and other charges using Apnarupee.com comparison tool.

 

Standard Chartered Home Loan Documents:

For Salaried employees:

1. Filled up loan application form.

2. Two 2 Passport Size Photo.

3. ITR of last 2 years.

4. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

5. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport.

6. Income Documents – 6 months’ payslip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit.

7. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for

Construction/ extension.

 

For Self-Employed:

1. Filled up loan application form.

2. Two Passport Size Photo.

3. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

4. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport

5.Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA,

Copy of partnership deed and proof of business existence and business profile

6. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

Schemes of Standard Chartered Housing Loan:

1. Standard Chartered Home Loan :

Features: This loan is for all those who want to buy or build a new house or renovate an existing one. The loan also comes with balance transfer and top up facilities.

Interest Rate: 8.40% p.a. onwards

Loan Amount: Rs. 10 lakh – Rs. 35 crore

Tenure: Up to 30 years

 

2. Home Saver Home Loan:

With the HomeSaver Home Loan, a borrower gets the option of paying back his loan at half the cost and within half repayment tenure.

Moreover, the salaried as well as self employed borrowers can either deposit or withdraw money without paying an additional charge.

For that, a Transaction Account is linked to the home loan account wherein funds from the transaction account can be used to pay off the EMI of the home loan account.

The monthly interest on this loan is charged on the daily reducing balance method.

Features: This is an overdraft facility wherein your interest offset is calculated on daily balances. This loan scheme allows you to deposit and withdraw money whenever you need it.

Interest Rate: 8.40% p.a. onwards

Loan Amount: Up to Rs. 35 crore

Tenure: Up to 30 years

 

3. NRI Home Loan

NRIs can also avail attractive home loans offered by Standard Chartered at a onetime processing fee.

The loan can be used to not only purchase a new house but also to cover expenses such as construction, renovation, or extension of the existing house.

 

4. Top up Loan

In addition to the regular home loans, Standard Chartered also provides a highly unique feature of enabling a borrower to add to their existing home loan through

additional funds from a top up loan.

The amount of the top up can be up to 100% of the original home loan amount and with equal or even longer tenure as well.

Getting a top up for additional housing expenses is a smarter choice as the interest levied here is lower.

 

Frequently Asked Questions:

Q. Is the repayment tenure the same for both salaried and self-employed customers?
Ans. The maximum loan tenure available for salaried and self-employed customers is 25 years and 20 years respectively.

 

Q. Who can join me as a co-applicant of the home loan?
Ans. You can include your immediate relatives (spouse, parents, or children) as co-applicants in the loan.

Siblings can be co-applicants only if they are co-owners of the property. Moreover, proprietor concerns, partnership firms, private limited companies, and closely-held

limited companies can also join as co-applicants.

 

Q. Can I transfer my home loan balance from another account to Standard Chartered?

Ans. standard-chartered, Standard Chartered offers a balance transfer facility wherein you can easily transfer your existing home loan from another bank to this bank

and save up on your EMIs with reduced rates of interest and additional top up facility as well.

 

Q. What is the minimum and maximum loan amount I can apply for?

Ans. You can apply for a loan amount ranging from Rs 5 lakhs to Rs 35 crore based on your repayment capacity.