While you decide upon a house that suits your family, let us help you with a home loan that suits your pocket. With not just a low rate of interest, but also an unmatched level of service.

Standard Chartered India Home Loans is one of the best home loan available in India and from all aspects this home loan is sure to suite you well. Th service is quick and friendly both to you and to your pocket. The Standard Chartered India Home Loans come in a wide variety to choose from and th interest rate of the loan is also very less.

With Standard Chartered India Home Loans you are sure to make some good savings. It offers on time processing fees and there are no hidden cost or charges. Standard Chartered India Home Loans facilities include fixed and variable rate loans. Depending on your financial position you can choose from fixed or variable rates of interest.

Unique Features:

Great Savings:

• One time processing fees
• No hidden charges
• Choice of variable and fixed rate loans

Great Variety of loans for:

• Purchasing a land
• Purchasing a constructed flat / house
• Purchasing a flat under construction
• Home extension and renovation

Great flexibility:

• Loans for salaried and self employed individuals
• No Guarantor required
• Choice of tenure from 5 years to 20 years Standard Chartered offers Insurance as well

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.

Frequently Asked Qusetions:

Q. How do I apply for a Standard Chartered Home Loan?
You can get in touch with us by calling in at our Phonebanking Nos, or write to us at India.Mortgage@standardchartered.com, or visit our Branches

Q. What are the documents that I need to submit when I apply for the loan?
The primary documents that have to submitted are:

• Application form with self attested photograph
• Identity, Age & Residence Proof
• Bank Statement
• Income Documents
• Processing Fee Cheque

There may be additional documents that are needed, details of which would be given to you at the time of application.

Q. What is the maximum loan amounts that can be availed?
The loan amount can go up to Rs. 10 crores, depending on your repayment capacity, and the city where the loan is disbursed.

Q. Who all can be co-applicants 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.

Q. What is the amount of processing fees that I have to pay?
Processing fee would vary from 0.5 % - 1.50% of the sanctioned loan amount depending upon the scheme you opt for.

Q. Will SCB refund my processing fee?
If we are unable to sanction the loan to you, the processing fees minus Rs. 2000 will be refunded to you. In case your loan has been sanctioned, the processing fees will not be refunded.

Q. How long does it take to get a sanction for the loan?
After you have given us all the relevant documents, you can get a sanction for the loan within 4 working days, under normal circumstances.

Q. What are my options for repayment?
You can choose among the following options to give repayment instructions:

• Post Dated Cheques (PDCs)
• Electronic Clearing System (ECS)
• Standing Instructions on your Standard Chartered account

Q. If the property is under construction, and I have not taken full disbursal, what options do I have regarding payment of EMI?
You have the option of paying either pre EMI (interest on the amount of loan disbursed thus far) or full EMI during this period.

Q. How is the interest on my loan calculated?
The interest is calculated on a daily reducing balance and is charged with monthly rests. 1 | 2 | 3 | 4

Q. If I opt for a fixed rate loan, does the interest rate remain fixed for the tenure of the loan?
Yes.

Q. Can I convert from a fixed rate of interest to a variable rate or vice versa?
At the discretion of SCB, you have the option of changing your interest type from Fixed to Variable or vice-versa provided you pay 1.5% of the principal outstanding at the time of exercising the option.

Q. Having taken a home loan, can I take a top-up loan without offering any additional security?
Yes. Once you have completed six months of repayment on your home loan, we offer you the option of applying for a top up loan, over and above your existing home loan.

Q. Can I make part prepayments on my home loan account?
Yes. You can make part prepayments by paying a fee of only Rs. 600 per payment.

Q. How long do I have to wait after my loan is booked before I can make a part prepayment?
6 months.

Q. What are the charges on preclosure of the loan?
The applicable charges are 2.5 % on the principal outstanding post adding any part payments made in the last 180 days.

MRTA - Mortgage Redemption Term Assurance, Insurance premium funding at your Home loan rate.

HHP - HHP plan is a combination of Insurance for the Property, Home Contents, and Personal Accident. You can choose to take insurance for combinations of these components or for a single component. Your home loan entitles you to substantial Tax Benefits. You can also transfer your existing loan to Standard Chartered Bank today and save on interest.