Home Loan By Standard Chartered Bank

Features For Standard Chartered Bank

  • Great savings

    We offer variable and semi-fixed rate housing loans with just a one-time processing fee. No hidden charges.

  • Tailored to your needs

    You have a requirement, we have a product! Loans available for ready/under construction flat or house, home extension and renovation.

  • Flexible tenures

    Standard Chartered offers home loans for salaried and self-employed customers with a wide range of tenure

  • Refinancing options

    Stuck with a High Interest home loan? Transfer your existing loan to a lower interest Standard Chartered Bank Home Loan and save money

Details  For Standard Chartered Bank

  • We guarantee we’ll provide you with a decision about your mortgage application in 5 days or less, or you will receive a Rs. 5,000 refund*
  • Standard Chartered offers loans for salaried and self-employed individuals with a wide range of tenure, from 5 years to 20 years

* Terms and Conditions apply.

Additional Benefits  Of Standard Chartered Bank

Insurance Products

  • Home Loan Protector

    Home Loan Protector is a product, which protects your family from the burden of repayment of the home loan in the unfortunate event of your death.

  • Home Protector

    HHP plan combines property and home content insurance in one policy. You can choose to take insurance for combinations of these components or for a single component. Home contents offers insurance for the belongings of the customer inside the house. Home Protector covers the property from damage due to natural calamities.

Refinance your loan

  • Transfer your existing high interest loan to a lower interest Standard Chartered Bank home loan (as per the applicable current rates) and save on interest. We will also finance the prepayment charges if you so wish.

Tax Benefits

  • Interest paid on the Home Loan,

    As per Sec 24(b) of the Income Tax Act, 1961 a deduction up to Rs. 200,000/- towards the total interest payable on the home loan towards purchase / construction of house property can be claimed while computing the income from house property. (The deduction amount is Rs 30,000/- in case of loans taken prior to March 1, 1999). The interest payable for the pre-acquisition or pre-construction period would be deductible in five equal annual instalments commencing from the year in which the house has been acquired or constructed.

    In case of self-occupied property, this deduction is allowed only for one such self-occupied property. The interest towards home loan taken for purchase, construction, repairs, renewal or reconstruction of house property is eligible for deduction under section 24(b).

  • Principal repayment of the Home Loan

    As per Section 80C read with section 80CCE of the Income Tax Act, 1961 the principal repayment up to Rs. 150,000 on your home loan will be allowed as a deduction from the gross total income subject to fulfilment of prescribed conditions.

Top Up Loan

A Home Loan with Standard Chartered Bank lets you do more than just buy a home. We also offer our existing Home Loan customers a Top Up Loan, which is a loan facility over and above their existing loan. So, if you have taken a Home Loan with us and are now in need of additional funding, a Top Up Loan is the answer for you. Whether you want to buy a new home theatre system, renovate your home, or finance your child’s education, a top up on your Home Loan allows you to meet your needs at attractive interest rates.

Features

  • A Home Loan customer who has been making repayments for more than 6 months is eligible to apply for a top up
  • You can apply for a top up of up to 100% of the original loan amount disbursed*
  • The top up tenure can be up to the outstanding tenure on your existing home loan

Advantages

  • Lower Costs: Compared to other alternatives such as personal loans, a top up gives you a better deal when it comes to interest rates and processing fees, so you can leverage your existing home loan to help you save costs
  • Convenient Repayment Plan: A Top Up Loan allows you to repay over a longer tenure compared to a personal loan, helping you to keep your monthly outflow low.
  • You also have the option of transferring your existing loan to Standard Chartered Bank and availing a Top Up Loan along with the transfer. Call our phone banking lines now to learn more.
    * Other restrictions also apply
     

FAQs Of  Standard Chartered Bank

    • How do I apply for a Standard Chartered Home Loan? 
      You can apply online https://apply.standardchartered.co.in/home-loanor get in touch with us by calling in at our phone banking number, write to us at Customer.Care@in.standardchartered.com, or visit our Branches
    • What are the maximum and minimum loan amounts that can be availed?
      The loan amount can go up to Rs. 10 crore, depending on your repayment capacity, and the city where the loan is disbursed. The minimum loan amount that can be availed is Rs. 5 lakhs.
    • What is the amount of processing fees that I have to pay?
      Processing fees vary from 0.5 % - 1.50% of the sanctioned loan amount depending on the scheme you choose.
    • Who can be a co-applicant on the home loan?
      You can include your immediate relatives (spouse, parents, or children) as co-applicants on the loan. Siblings can be co-applicants if they are co-owners to the property. You also have the option of including proprietor concerns, partnership firms, private limited companies, and closely held limited companies as co-applicants.
    • Will Standard Chartered Bank refund my processing fee?
      If we are unable to sanction the loan to you, the processing fees minus Rs. 2,000 will be refunded to you. If your loan is approved, the processing fees will not be refunded.
    • How long does it take to get approval for the loan?
      Once you have provided all relevant documentation, you will receive a decision form the bank within 5 working days.
    •  

We've been in India for over 150 years

We're India's largest international bank with 99 branches in 42 cities, and we've been operating here since 1858.

Our Customers and Clients Come First

We use our global capabilities and deep local knowledge in India to provide a wide-range of products and services to meet the needs of our individual and business customers.

We build our products and services around you and have a number of commitments to help ensure that our customer have the best possible experience with us. View our service commitments.

Our Sponsorships

We're proud sponsors of:

  • The Standard Chartered Mumbai Marathon - title sponsor for the last ten years
  • Asia Cup - official partner of the bi-annual cricket tournament
  • The Economic Times Awards for Corporate Excellence - title sponsor from 2012 to 2016
  • Liverpool Football Club - our four year sponsorship started in June 2012.

Our Awards

Our products and services are often recognised by industry leaders. Here are a few of our recent awards:

  • Best Foreign Bank 2012 - Bloomberg Financial Leadership Awards
  • Financial Advisor of the Year Award 2012 - UTI CNBC
  • Best Private Bank in India by the Asian Private Banker at the Awards for Distinction 2012.

Our Listings and Subsidiaries

Standard Chartered PLC, our UK based parent, became the first foreign company to list in India through the issuance of Indian Depository Receipts in June 2010.

We also have a number of subsidiaries operating in India:

  • Standard Chartered Securities (India) Ltd, the vehicle for the equities business
  • Standard Chartered Private Equity Advisory (India) Private Limited
  • Standard Chartered Investments and Loans (India) Limited
  • Standard Chartered Finance limited and SCOPE International.

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