Hi dear readers, hope you are doing well, today we will know about How to get Standard Chartered Bank Home Loan, Eligibility, Interest Rate, EMI Calculator, Minimum Salary, Civil Score and more details that we read in this article please read till the last.
If you want to take advantage of Standard Chartered Bank Home Loan then this article is for you. home loan comes under the category of secured loan. You can take home loan to fulfill your dream of home. Like other banks, Standard Chartered Bank also provides to customers Home Loan.
You can apply for this loan both online and offline. In this article, we will know in detail what is Standard Chartered Bank Home Loan, what is the interest rate, documents, eligibility of this loan and how can we apply for this loan etc., so you can complete this article at the end. read till
Standard Chartered Bank Home loan
If you are thinking of building a house or buying a house and you are short of money then you can join Standard Chartered Bank Home Loan. You can take a home loan to buy a house, build a house or renovate the house. Standard Chartered Bank offers a variety of home loan schemes.
SCB home loan interest rate starts from 7.90% per annum. Flexible repayment tenure and zero prepayment charges on this home loan. You can get maximum loan amount up to Rs 35 crore under this home loan. The maximum loan tenure of the loan is 25 years.
The bank checks the credit history of the customer before giving the home loan. for this your CIBIL Score should be high. If your CIBIL score and income is high, then you can take advantage of Standard Chartered Bank home loan up to a higher loan amount with attractive interest rates of the bank.
If you want to take advantage of Standard Chartered Bank personal loan then you can click on this link You can apply for a personal loan by clicking on Standard Chartered Personal loan .
Key Features of Standard Chartered Bank Home Loan Loan
- Loan Name: Standard Chartered Bank Home Loan 2024
- Lender Name: Standard Chartered Bank
- Loan amount : Up to Rs 35 crore
- Interest Rate: Starting from 7.90% pa
- Processing Fee: Up to 1% of the loan amount sanctioned
- Prepayment Charges : Nil
- Loan Tenure: 25 Years
- Official Website : https://www.sc.com/in/
Standard Chartered Home Loan Interest Rate 2024
Standard Chartered Bank home loan interest rate starts from 7.90% p.a. If you are an existing customer of the bank and your CIBIL score and income is high, then you can take advantage of the attractive interest rates of the bank.
Just like before taking a personal loan, we Personal Loan Interest Rate Similarly, before taking a home loan, we need to know about Home Loan Interest Rate It is necessary to have information about If you apply for that loan without knowing the interest rate of the home loan properly, then you may have to face difficulties at the time of repayment of the loan.
Standard Chartered Bank Home Loan Types
Standard Chartered Bank offers mainly two types of home loan customers which are as follows:
- Standard Chartered Home Loan
- Standard Chartered Home Saver
Standard Chartered Home Loan
Features of Standard Chartered Home Loan:
- Maximum loan of up to Rs 35 crore.
- The maximum loan tenure of the loan is 25 years.
- Cashback facilities are availed on Home Loans and get up to 2% cashback depending on your repayment track.
- Home Saver: This facility allows you to pay off your home loan faster with less interest burden.
- Insurance benefits are provided by the bank on the home loan.
- For any information related to Standard Chartered Bank home loan, you can contact 24*7 phone banking helpline number or by visiting the nearest branch of the bank.
- Facility to transfer your existing Home Loan.
- With simple balance transfer solutions, you can make managing your EMIs even easier.
- Top-up loan facility against home loan.
- Home Loan Program: Under this facility, you can take advantage of refinance on payment within 6 months of the purchase of the property.
- Tax Benefits on Home Loan: Tax benefits are provided as per Section 24 ( B), 80C of the Income Tax Act, 1961.
Standard Chartered Home Saver
Features of Standard Chartered Home Saver:
- The interest offset under this home loan scheme is calculated on the daily balance.
- You can transfer your existing home loan.
- With top-up facility, you can further ease your EMI with simple balance transfer solutions at low rates.
- With the bank’s door step services, you can get home loan faster.
- Section 24 ( B) and 80 C of the Income Tax Act, 1961.
- your requirement According to this, you can deposit and withdraw your money at any time.
- Home Saver Statement Guide Facility with which you can understand many things related to loan.
- Benefit of insurance cover with home loan.
- You can contact 24×7 by visiting the banking helpline number of the bank or the nearest bank branch.
Standard Chartered Home Loan Eligibility
Only those people who are eligible can apply for Standard Chartered Bank Home Loan. To apply for Standard Chartered Bank Home Loan, you need to fulfill the following eligibility :
- For salaried and self-employed person the minimum age should be 23 years.
- The maximum age for the salaried is 60 years.
- The maximum age for self-employment is 70 years.
Factors that decide home loan eligibility:
Given below are the factors that determine your eligibility:
- Age
- Income and Expenditure Pattern
- Employment Status
- credit score
- Property Type
- loan amount
Standard Chartered Bank Home Loan Documents Required
Before applying for a home loan, you should keep all your documents together so that whenever the bank asks you for documents, you can show them all the documents immediately. To apply for Standard Chartered Bank Home Loan, you must have the following documents.
Documents Required for Salaried / Self-Employed:
- Photo identification
- Residence proof
- proof of age
Required financial documents (self-attested):
- Salaried Person –
- 2 months salary slip (if variable components are present in the pay structure)
- Latest Year Form- 16
- last 3 months
- Self Employed Individual/Professional –
- Latest 2 Years IT Returns and Computation of Income (Firms and Individuals)
- Latest 2 year P&L Statement, Balance Sheet ( with all schedules) and Capital Account Statement attested by CA
- Latest 2 Years Audit Report
- For partnership firms: Partnership deed is required.
- For Self Employed : Turnover > 1,00,00,000
- For Self Employed Professionals : Gross Receipt > 25,00,000
- Bank details of primary bank account for latest 6 months.
- For Private Limited Firms –
- Shareholding Pattern or Memorandum and Articles of Association, attested by ca
- list of directors
Documents related to your property:
- Existing Home Loan Facility Details (Note: B&C can be provided before disbursement).
- letter of acceptance
- Original list of documents held by Competition Bank.
- The latest dues of the loan sought are to be acquired.
- Other Existing Loan Declaration |
Standard Chartered Bank Home Loan Apply
If you fulfill all the conditions of the bank, then you can apply online and offline for this. Information about the process of applying is given here.
Standard Chartered Bank Home Loan Apply Online
- To apply online, you must first visit the official website of the bank. Must visit https://www.sc.com/in/ .
- website home page Mortgages option will appear, click on it.
- On the next page, all the information related to home loan will come in front of you.
- You have to read this information correctly.
- To apply, you have to visit this page Apply Now Click on this option will appear.
- A form will open in front of you on the next page.
- Enter the requested information in this form and submit the form.
- submitting the form, the bank will contact you and the loan process will be issued further.
How to apply offline ?
- To apply offline, you have to first go to your nearest Standard Chartered Bank branch.
- You have to contact the bank employee by going to the bank branch.
- The bank employee will provide you all the information related to the home loan.
- After that your documents will be verified.
- Then you have to fill a form.
- Attach the documents with the form and submit it to the bank.
- After that the loan process will be continued further.
- If you fulfill all the conditions of this home loan then the loan amount will be transferred to your bank account.
Standard Chartered Bank Home Loan EMI Calculator
Before applying for Standard Chartered Bank Home Loan, you should calculate the EMI ( Equated Monthly Installment) of the loan. By doing the EMI of the loan, you can find out how much you will have to pay at the time of loan repayment. You can go to the official website of the bank Home Loan EMI Calculator With the help of this you can calculate the EMI of your loan. Loan EMI depends on three main factors – loan amount, interest rate and loan tenure.
Home Loan Fees and Charges
Processing Fees: Up to 1% of the sanctioned loan amount
Part Pre-payment Fee:
- Zero prepayment charges on floating rate loans
- For other categories of loans –
- Home Saver:
- Nil for partial prepayment of less than 25% of the outstanding principal in a calendar year
- For partial prepayment in excess of 25% of the outstanding principal in a calendar year – 2.5% of the entire amount being paid
- Loan Against Property:
- Nil for prepayment of less than 25% of the outstanding principal in a calendar year
- 4% of the entire amount being paid for partial prepayment in excess of 25% of the outstanding principal in a calendar year
Pre-closure Fees:
- Nil foreclosure charges on floating rate loans
- Following are the types for home saver loan:
- 2.5% of the principal outstanding
- Property For loans on the following:
- 4% of principal outstanding
Standard Chartered Home Loan Customer Care Number
For more details you can call on Standard Chartered Home Loan Customer Care Number.
Email ID: [email protected]
| Ludhiana, Bhopal, Surat, Jaipur, Kanpur, Jalandhar, Chandigarh, Allahabad, Cochin/Ernakulam, Indore, Lucknow, Coimbatore, Nagpur, Patna, Bhubaneswar, Rajkot, Amritsar, Vadodara | 6601 444 / 3940 444 |
| Siliguri | 1800 345 5000 (For domestic dialing within India only) |
| Noida, Gurgaon | 011 – 39404444 / 011 – 66014444 |
| Bangalore Ahmedabad, Mumbai Chennai, Hyderabad, Delhi, Kolkata, Pune | 6601 4444 / 3940 4444 |
| Jalgaon, Saharanpur, Dehradun, Guwahati, Mysore, Vishakhapatnam, Cuttack, Mathura, Proddatur, Thiruvananthapuram, | 1800 345 1000 (For domestic dialing within India only) |
My Final Word:
In this article we have you provided complete information about Standard Chartered Bank Home loan. If you want to take advantage of Standard Chartered Bank home loan, then you can get complete information about this home loan by reading this article.
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FAQs on Standard Chartered Bank Home Loan
Q. What is the home loan interest rate in Standard Chartered Bank?
Ans. The interest rate of this loan starts from 7.90% per annum.
Q. How much home loan can I take from Standard Chartered Bank?
Ans. Loan up to Rs 35 crore can be taken.
Q. What is the processing fee on Standard Chartered Bank Home Loan?
Ans. Up to 1% of the loan amount.
Q. How to apply for Standard Chartered Bank Home Loan?
Ans. Complete information to apply for this home loan is given in this article.