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Standard Chartered Bank Home Loans

Standard Chartered Bank home loans are one of the best home loan products in India. When you have made a decision to purchase a home that is suitable for your family, Standard Chartered Bank can help you by means of a home loan that you can manage to afford. With unparalleled levels of service and competitive interest rates, Standard Chartered Bank home loans have become one of the most popular financing options that are offered by foreign banks in India.

About Standard Chartered Bank Home Loans

Standard Chartered Bank home loans are known for the savings they offer and the flexible terms and conditions associated with those loans. Given below are important features and benefits of Standard Chartered Bank home loans:

Considerable Savings

You can save a lot by availing a Standard Chartered Bank home loan because of the following reasons:

  • There are no hidden fees
  • One time processing fees
  • Option of floating and fixed rate loans

Wide Variety of loans

Standard Chartered Bank offers a broad variety of loans which you can use for any of the following purposes:

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

High flexibility

Standard Chartered Bank home loans are recognized for their flexibility in terms of the following features:

  • No necessity of guarantor
  • Both salaried and self employed individuals can qualify for these loans
  • Options of repayment terms ranging from 5 years to 20 years

Refinancing your existing loan

You can switch your current high interest home loan to a Standard Chartered Bank home loan with a lower rate of interest (according to the prevailing rates applicable) and save a significant amount on interest payments. One more advantage is that the prepayment penalties will also be financed by Standard Chartered Bank if the borrower so desires.

Supplementary benefits offered by Standard Chartered Bank home loans

Besides the abovementioned benefits, home loans offered by Standard Chartered Bank also offer the following benefits:

  • Refinancing your loan
  • Insurance coverage (Home Loan Protector, Home Protector and Health Insurance)
  • Top Up Loan
  • Tax Benefits on interest and principal payments
  • Free Services Offered

Free services offered by Standard Chartered Bank home loans can be further categorized into the following:

  • Amortization schedule
  • Letter for change in address
  • Balance certificate
  • Break up of unpaid balances
  • Comprehensive statement for Home Saver on a monthly basis
  • Copies of title & Non-title documents
  • Interest & Principal certificate
  • Modification in interest rate
  • Interim interest certificate
  • Loan closure letter
  • Repayment history
  • Pre-termination reference
  • Switch in mode of repayment

Who are eligible for Standard Chartered Bank home loans?

The following individuals will qualify for home loans offered by Standard Chartered Bank:

  • Proprietors
  • Salaried individuals
  • Owners of private limited companies
  • Owners of partnership companies
  • Non Resident Indians/seamen/sailors

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