If you're looking for a home loan, this page is worth your time. Many lenders offer great deals, and one standout in the financial world is Standard Chartered Bank. With competitive Standard Chartered Bank home loan interest rates, the bank ensures flexible financing options to help individuals own their dream home with ease.
Read on for a detailed overview of their home loan offerings.
Standard Chartered Bank Home loan Interest Rate March 2025
The table below shows the Home Loan interest Rates of Standard Chartered Bank 2025 -
| Particulars | Details |
|---|---|
Interest Rates | Starting at 8.95% p.a. |
Loan Amount | Minimum Rs.10,00,000 up to Rs.35 crores |
Tenure | Up to 25 years |
Processing Fee | From 0.5% upto 1% depending upon the scheme you choose |
Eligibility Criteria For Standard Chartered Bank Home Loan
Below are the eligibility criteria for applicants who want to apply for a Standard Chartered Bank Home Loan -
Eligibility Criteria:
- Salaried individuals, self-employed professionals, and business owners are eligible to apply for home loans from Standard Chartered.
- Self-employed: Turnover > Rs.1 crore
- Self-employed professionals: Gross receipts > Rs.25 lakh
Documentation Requirement for Standard Chartered Bank Home Loan
Here is the list of documents required for salaried / Self – employed applicants -
General Documents (Self-Attested)
- Photo identity proof
- Proof of residence
- Proof of age
For Salaried Individuals
- Last 2 months' salary slips (if variable components are included)
- Latest Form-16
- Bank statements for the last 3 months
For Self-Employed Individuals / Professionals
- Latest 2 years' income tax returns and computation of income (for both firm and individual)
- Profit & Loss statements and balance sheets for the last 2 years (including all schedules), certified by a C.A.
- Capital account statements for the last 2 years, certified by a C.A.
- Audit reports for the last 2 years
- Bank statements of the primary business account for the last 6 months
For Partnership Firms
- Partnership deed
For Private Limited Firms
- Shareholding pattern or Memorandum & Articles of Association, attested by a C.A.
- List of directors
List of Property Documents
- Self-attested copy of property papers
- Details of any existing home loan facility
- Sanction letter of the current loan
- Original list of documents held by the competing bank
- Latest outstanding balance of the loan to be transferred
- Declaration of other existing loan.
Calculate your monthly Standard Chartered Bank Home Loan EMI
Here is an example of a different EMI on the Home Loan EMI Calculator with a loan tenure of up to 25 years with a home loan of Rs. 2,00,00,000 and interest rates ranging from 8.95% onwards and say up to 11.00% p.a. To calculate your monthly EMI, you can get help with the Wishfin Standard Chartered Bank Home Loan EMI Calculator.
You need to put three elements -
- Loan Amount
- Tenure
- Interest Rate
| Tenure (In Years) | EMI (at 8.95% interest rate) | EMI (at 11.00% interest rate) |
|---|---|---|
5 | Rs. 4,14,681.94 | Rs. 4,34,848.46 |
10 | Rs. 2,52,810.67 | Rs. 2,75,500.02 |
15 | Rs. 2,02,258.87 | Rs. 2,27,319.39 |
20 | Rs. 1,79,302.56 | Rs. 2,06,437.68 |
25 | Rs. 1,67,155.02 | Rs. 1,96,022.62 |
Other Fees or Charges of Standard Chartered Bank Home Loan
Undergiven are some of the fees/charges of Standard Chartered Bank Home Loan which will be applied on the loan application -
Pre-closure charges | 2.5% of the outstanding principal amount |
Part pre-payment Fees | NIL for part pre-payments of less than 25% of the outstanding principal amount. For part pre-payments greater than 25% of the outstanding principal amount. |
CERSAI fees | Rs. 500 |
EMI cheque bounce charges | 495/- per instance |
Conversion /Switch Fee | Up to 1% of the principal outstanding |
Penal Interest | 24% p.a |
Standard Chartered Bank Home Loan Balance Transfer Interest Rates
If you want to transfer your existing loan in Standard Chartered Bank home loan, you can easily do the same with the help of a balance transfer facility. With BT, you can enjoy lower interest rates along with affordable EMIs, which will further reduce your loan burden in the future.
Summing Up!
Standard Chartered Bank home loan interest rates start at 8.95% per annum. Eligible borrowers can avail loans up to Rs.35 crore with flexible repayment tenures of up to 25 years. The bank provides both fixed and floating interest rate options, allowing customers to choose based on their financial preferences. The exact interest rate applicable depends on factors such as the loan amount, repayment tenure, and the borrower's credit profile.
FREQUENTY ASKED QUESTIONS
1. What is the latest Standard Chartered Bank Home loan Interest Rate?
The interest rate for Standard Chartered home loans starts at 8.95% p.a.
2. How to apply for a Standard Chartered Bank home loan?
You can apply online, call the Standard Chartered Bank phone banking number, email them at [email protected], or visit the nearest branch for assistance.
3. What is the Standard Chartered Bank Home loan processing fee?
Processing fees range from 0.5% to 1% of the sanctioned loan amount, depending on the chosen scheme.
4. What is the minimum home loan amount offered by Standard Chartered Bank?
The bank provides home loans starting from Rs.10 lakh.
5. Are processing fees refundable if the application is rejected?
No, the processing fee paid with your loan application is non-refundable, regardless of whether your loan is approved or rejected.
