Standard Chartered bank offers home loans at competitive interest rates starting from 7.99%. There are various home loan schemes offered by the bank and each can be used for exclusive purposes depending on the borrower’s needs.

What is the interest rate on a Standard Chartered Bank home loan?

Standard Chartered Bank Home Loan 2021

Interest Rate

7.99% onwards

Loan tenure

Up to 25 years

Processing fees

Up to 1% of the sanctioned loan amount

 

What are the features and benefits of a Standard Chartered Bank home loan?

Here are some of the key features and benefits of Standard Chartered Bank home loan:

  • A loan repayment period of up to 25 years.
  • A Larger loan amount of up to Rs.35 crores.
  • Low processing charges.
  • Add-on insurance benefits.
  • Offered to both salaried and self-employed individuals.

What are the home loan processing fees and charges of Standard Chartered Bank?

The table below reflects details of processing fees and other charges applicable to Standard Chartered bank home loans:

Particulars

Charges/Fees

Processing fees

Up to 1% of the loan amount

Part-Prepayment charges

For individuals: NIL
For others:
● NIL for part pre-payments below 25% of the principal outstanding in a financial year.
● 2.5% of the total loan amount paid for part pre-payments above 25% of principal outstanding in a financial year

Foreclosure charges

For Individuals: NIL on floating rate loans offered to individuals
For others: 2.5% of the principal amount outstanding

Penal interest

24% per annum

 

What are the benefits of using the Standard Chartered Bank home loan EMI calculator?

Standard Chartered Bank home loan EMI calculator allows users to know the approximate loan instalment value that they will have to pay every month towards repayment of a home loan. This online tool is also available at creditmantri.com. It is easy to use and offers quick results for better financial planning.