Standard Chartered Loan Against Property

Loan Against Property 166 views

About Standard Chartered Bank Loan Against Property

Standard Chartered Bank provides loan against property starting from 9.65% to 9.85% annual rate of interest. The maximum loan amount you can get for a loan against the property at Standard Chartered Bank is 10 Crores or up to 70% of the market value of your property. Here you will know more about the loan against property in detail.

Standard Chartered Loan Against Property Details

ParticularsDetails
Interest Rate9.65% - 9.85% p.a
Loan AmountUp to ₹ 10 Crores

Tenure15 years

Processing Fees1% of the loan amount
Repayment Mode

EMI
Prepayment Charges


4% of the principal outstanding
MarginUp to 70% of the market value of the property

Features & Benefits:

  • Low processing fees of 1%
  • Longer tenure period of 15 years
  • Low-interest rates starting from 9.65% to 9.85% p.a
  • Multi-purpose loan
  • Multiple property loans against residential property, commercial property
  • Opportunity to avail Business banking products, Trade & Working Capital solutions, Forex and Cash management offerings
  • Take loan up to 70% of the market value of the property
  • Minimal documentation
  • Quick approval

Eligibility Criteria

Here is the list of the eligible individual/s who can apply for the loan against property at Standard Chartered Bank:

  • Sole proprietors/proprietorship firms
  • Private limited companies
  • Closely-held and public limited companies
  • Partnership firms
  • For salaried individuals – Minimum age of 21 years and maximum of 60 years
  • For self-employed individuals – Minimum age of 21 years and maximum of 65 years
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Standard Chartered Loan Against Property documents required

The list of documents that you need to submit while applying for a loan against property are as follows:

  • Last 6-month bank statements
  • Last 2 years financials including Profit & Loss (P&L) statement
  • Last 2 years balance sheet and ITR
  • Identity proof
  • Address proof

How to Apply

Submit the filled up application form along with the self-attested copies of all the KYCs and the property documents at your nearest bank branch.

Standard Chartered Loan Against Property EMI Calculator

With EMI calculator, you get to know the equated monthly installments you will have to pay every month for your selected tenure period at the rate of interest of your choice and selected loan amount. For eg. If you have taken a loan of ₹ 20,00,000 at the interest rate of 9.65% for a tenure period of 15 years, the monthly EMI you will have to pay is  21,066.

To know each EMI, total interest outgo and the total amount with variable rate of interest, refer to the table given below:

Table for EMI per month, Total Interest Outgo and Total Amount

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan Amount Interest Rate Tenure Monthly Instalment Total Interest Amount Total Amount

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

Year Principal Interest Balance Amount

Loan Against Property Interest Rates

Standard Chartered Bank offers loan against the property at variable interest rates starting from 9.65% to 9.85% p.a.

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Standard Chartered Customer Care

For any further details on loan against property, you can contact your nearest bank branch or call on customer care number at –  394-01-616 / 660-11-616.