Try Applying for a higher Loan Amount as most bank reduce interest rates as loan amount increases
Try Adding the income of a co-applicant like a working spouse
Financebuddha can help you consolidate all your loans into one to increase your eligibility
Standard Chartered Bank is a UK based renowned banking and lending company. The bank provides affordable home loans to salaried professionals and self-employed individuals and firms. The bank has numerous branches in more than 70 countries where it has a long list of satisfied customers. On Finance Buddha, you can compare the home loans of different banks with Standard Chartered Bank and apply for a home loan online.
Another feature of Standard Chartered Home Loan is the HomeSaver . You can pay the loan in half the time and at half the cost.
One can connect the linked transaction account to the Home Loan account. The principal amount in your home loan can be cleared by the extra money on the linked account.
The applicable loan will be the difference in the surplus transaction account balance and the outstanding loan balance.
You should go for the Standard Chartered Bank Home Loan if you want a one stop solution for your home loan needs.
The home loan protector gives your family the relief from the burden of paying the loan amount in case of your unexpected death. The home protector gives security cover to the property and things inside the house. Tax benefits and top up loans are the features that will attract a customer.
HomeSaver gives you an option to pay the loan amount easily and swiftly. One-time processing fees are levied and variable interests can be adopted.
You can apply for Standard Chartered Bank Home Loan in a quick, burden-free way and directly through Finance Buddha. On Finance Buddha, we will ask you the fundamental points to evaluate your loan eligibility. Finance Buddha is an assessment site where you can discover your eligibility, loan amount you can avail, just by mentioning about your present organization, take home salary, existing EMI sum, salary account bank, preferable loan tenure and interest and residency.
You can discover, compare and apply for the loan directly through our website.
Through Finance Buddha, you also get rid of any kind of probability of getting your loan rejected due to low CIBIL score. Rather than going into the botheration of going to the bank just to check the qualification and going out personally, you can directly examine the best choice for yourself. Leave your queries to Finance Buddha and you will get a swifter and easier way to apply for your home loan.
Salaried professionals must be getting salary in salary account on regular basis.
Professionals like doctors, engineers, etc must be drawing regular income from their professions. They must be filing income tax returns.
Businessmen must have their firms registered with government agencies, own a bank account. They must be drawing a regular income from their professions and filing income tax returns.
Interest Rates, Fees and Charges |
|
Interest Rate |
9.35% to 9.45% - Depends on your loan type, amount and tenure etc. |
Pre-closure fees |
2.5% of the principal outstanding balance of loan at the time of closure |
Part pre-payment Fees |
Nil (if payment is lower than 25% of the principal outstanding balance |
Processing Fees |
Less than or equal to 1 % of the sanctioned amount |
CERSAI cost |
INR 500 |
Switching or conversion cost |
1 % of the sanctioned amount |
Cheque return charges (issued by customer) |
INR 500 per return |
Cheque return charges (deposited by customer) |
INR 200 per return |
No objection certificate (NOC) |
Nil |
Penal Interest |
Yearly 24% |
EMI cheque bounce rate |
INR 495 per bounce |
Document Retrieval charges |
INR 300 |
Another feature of Standard Chartered Home Loan is the HomeSaver. You can pay the loan in half the time and at half the cost.
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