Range of Interest Rate
8.90 % Onwards
Processing Fee Range
1 % Onwards
Loan Amount
10 lakh – 10 crore
Range of Loan Tenure
1-15 years
Key Salient Features
- Balance Transfer
- Loan Top-Up
- Lowest Interest Rates
Documentation
- KYC– Aadhar Card and PAN Cardd
- Financial– Bank statement, Salary slips, latest form 16
- Property– Allotment Letter and Registered Sale Deed
Trivia
- The total number of branches of Standard Chartered Bank in India is 100
- Average loan approval time is about 4-7 working days
USP’s
Doorstep Service
Dedicated Relationship Manager
Minimum Documentation
Fastest Sanction Process
Fee and Charges Details
- 4% of the outstanding principal. For part-prepayment less than 25% outstanding- Nil. For part-prepayment greater than 25% of outstanding principal- 4% of total amount
Disclaimer
- All intellectual property including trademarks, logos belong to the owner
| Particulars | Salaried | Self-Employed |
|---|---|---|
| Key | 18 to 70 Years | 18 to 70 Years |
| Prepayment Charges/Foreclosure | 4% of the outstanding principal. For part-prepayment less than 25% outstanding- Nil. For part-prepayment greater than 25% of outstanding principal- 4% of total amount | 4% of the outstanding principal. For part-prepayment less than 25% outstanding- Nil. For part-prepayment greater than 25% of outstanding principal- 4% of total amount |
FAQs
A few following steps given below you need to take while applying for a Standard Chartered Mortgage Loan:
- The Standard Chartered digital application form for a mortgage loan at lowest interest rate available
- Complete the form and submit a few important documents. These include KYC, Financial, and Property
- The Standard Chartered initiates mortgage loan process that includes legal and technical verification
- The bank then determines your Mortgage Loan eligibility. Following which Standard Chartered provides you with a sanction letter. It includes the following details sanctioned loan amount, interest rate, loan tenure, type of interest rate applicable, EMI payable, validity of sanction letter, special conditions (if any), and other terms and conditions
- Once the documents are verified and a mortgage loan disbursement raised, Standard Chartered Bank will issue a disbursement cheque.
A few documents that you need to submit while applying for a Standard Chartered Bank Mortgage Loan. They are given in tabular form below:
KYC Documents
KYC Documents
- The previous three months’ salary slips and
the Latest Form-16 - Latest 2 years Form 16
- IT Returns for the last three years
- Business Profile of the Applicant
Latest 3 years ITR with Computation of Income - Balance Sheet, Profit, and Loss Account, and respective schedules
- GST Registration Certificate, GSTR-3B Returns of
latest 1 Year, and GSTR-3B Returns of latest 1 Year
Company Udhyam certificate
Property Documents
A major reason why you must opt for a Standard Chartered Bank Mortgage Loan is that this banking institution provides for attractive lowest minimum interest rates. Besides, they ask for minimum documentation and provide a mortgage loan processing which is ‘Digital’ and 100% hassle free.
Once you submit all the required documents and the verification is done, Standard Chartered Bank will take about 7 – 15 working days to sanction a mortgage loan.
For you to secure a HSBC Mortgage Loan you need to have a minimum CIBIL score in the range of 720-750.
Standard Chartered Bank will provide a minimum 10 Lakh and maximum of up to 10 crore as mortgage loan amount.
It is not necessary that you need to have a co-applicant while applying for a Standard Chartered Mortgage Loan . Moreover, having one helps you in significantly improving your mortgage loan eligibility, which in turn shows your ‘Creditworthiness’ to your lender.
The rate of interest for Standard Chartered Mortgage Loan is floating interest rate which is linked to RLLR ( REPO LINKED LANDING RATE )
Therefore it will reused by the change every time the repo rates gets reused by the regulator
When you possess IT returns for three financial years to show then, then the chances of you being eligible for a Standard Chartered Mortgage Loan improves significantly. Moreover, it is possible for you to secure it even if you do not have IT returns. Provided you are seeking a small mortgage loan amount and you have a good CIBIL score to prove you are ‘Creditworthy’.
After applying and submitting all the necessary documents the Standard Chartered Bank will take about 4-7 working days to get it disbursed after getting it sanctioned.
There are a few important details you need to know about the Standard Chartered Mortgage Loan are as follows:
-
Features of a Standard Chartered Mortgage Loan:
There are several features of a Standard Chartered Mortgage Loan. They are as follows:
- Flexible repayment options
- Customized mortgage loan offer
- Transparent loan processing
- Availability of overdraft facility
- Mortgage Loan amount of 70% of property
EMI Calculator
Loan Amount
₹
Rate of Interest
%
Loan Tenure (Years)
Years
Monthly EMI
₹ 21,617
Principal Amount
₹ 25,000,000
Interest Amount
₹ 23,000,000
Total Amount Payble
₹ 47,000,000
Interest Amount
Principal Amount
Apply for Mortgage Loan
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