Standard Chartered Loan Against Property

About Standard Chartered Bank Loan Against Property

Standard Chartered Bank provides low-interest rate on loan against property. The maximum loan amount you can get under this loan is ₹20 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 Rate9.25%
Loan AmountUp to ₹20 Crores

Tenure20 years

Processing Fees0.4% of Loan amount plus GST
LTV

LTV up to 70% Residential property, 60% Commercial Property, LAP+ Overdraft facility up to 90% LTV

Features & Benefits:

  • Low processing fees of 0.4% of the loan amount
  • Longer tenure period of 20 years
  • Low-interest rates
  • 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

Standard Chartered Bank LAP 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
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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.

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

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 1,00,00,0009.25%1₹ 8,75,675₹ 5,08,094₹ 1,05,08,094
₹ 1,00,00,0009.25%2₹ 4,57,995₹ 9,91,888₹ 1,09,91,888
₹ 1,00,00,0009.25%3₹ 3,19,162₹ 14,89,837₹ 1,14,89,837
₹ 1,00,00,0009.25%4₹ 2,50,039₹ 20,01,882₹ 1,20,01,882
₹ 1,00,00,0009.25%5₹ 2,08,799₹ 25,27,939₹ 1,25,27,939
₹ 1,00,00,0009.25%6₹ 1,81,499₹ 30,67,902₹ 1,30,67,902
₹ 1,00,00,0009.25%7₹ 1,62,162₹ 36,21,643₹ 1,36,21,643
₹ 1,00,00,0009.25%8₹ 1,47,802₹ 41,89,011₹ 1,41,89,011
₹ 1,00,00,0009.25%9₹ 1,36,758₹ 47,69,836₹ 1,47,69,836
₹ 1,00,00,0009.25%10₹ 1,28,033₹ 53,63,927₹ 1,53,63,927
₹ 1,00,00,0009.25%11₹ 1,20,993₹ 59,71,074₹ 1,59,71,074
₹ 1,00,00,0009.25%12₹ 1,15,216₹ 65,91,051₹ 1,65,91,051
₹ 1,00,00,0009.25%13₹ 1,10,408₹ 72,23,616₹ 1,72,23,616
₹ 1,00,00,0009.25%14₹ 1,06,360₹ 78,68,510₹ 1,78,68,510
₹ 1,00,00,0009.25%15₹ 1,02,919₹ 85,25,461₹ 1,85,25,461
₹ 1,00,00,0009.25%16₹ 99,970₹ 91,94,187₹ 1,91,94,187
₹ 1,00,00,0009.25%17₹ 97,423₹ 98,74,392₹ 1,98,74,392
₹ 1,00,00,0009.25%18₹ 95,212₹ 1,05,65,772₹ 2,05,65,772
₹ 1,00,00,0009.25%19₹ 93,281₹ 1,12,68,016₹ 2,12,68,016
₹ 1,00,00,0009.25%20₹ 91,587₹ 1,19,80,804₹ 2,19,80,804

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

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YearPrincipalInterestBalance Amount
1₹ 1,81,611₹ 9,17,429₹ 98,18,388
2₹ 1,99,141₹ 8,99,899₹ 96,19,246
3₹ 2,18,363₹ 8,80,677₹ 94,00,883
4₹ 2,39,440₹ 8,59,599₹ 91,61,442
5₹ 2,62,552₹ 8,36,487₹ 88,98,889
6₹ 2,87,895₹ 8,11,145₹ 86,10,993
7₹ 3,15,684₹ 7,83,356₹ 82,95,309
8₹ 3,46,155₹ 7,52,885₹ 79,49,154
9₹ 3,79,567₹ 7,19,472₹ 75,69,586
10₹ 4,16,205₹ 6,82,835₹ 71,53,380
11₹ 4,56,379₹ 6,42,661₹ 66,97,001
12₹ 5,00,430₹ 5,98,609₹ 61,96,570
13₹ 5,48,734₹ 5,50,306₹ 56,47,836
14₹ 6,01,700₹ 4,97,340₹ 50,46,135
15₹ 6,59,779₹ 4,39,261₹ 43,86,356
16₹ 7,23,463₹ 3,75,576₹ 36,62,892
17₹ 7,93,295₹ 3,05,745₹ 28,69,597
18₹ 8,69,867₹ 2,29,172₹ 19,99,729
19₹ 9,53,830₹ 1,45,209₹ 10,45,898
20₹ 10,46,599₹ 53,142₹ 0

Loan Against Property Interest Rates

Standard Chartered Bank offers loan against the property at variable interest rates starting from 9.25% p.a.

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.

Personal Loan Interest Rates November 2018
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank11.25% - 21.50%
ICICI Bank10.99% - 18.40%
IndusInd Bank10.99% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
Standard Chartered Bank12.00% - 17.00%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates November 2018
State Bank of India/SBI8.70% - 9.25%
HDFC8.80% - 9.70%
Bank of Baroda8.65% - 9.65%
LIC Housing8.70% - 9.05%
PNB Housing Finance9.00% - 13.00%
ICICI Bank9.00% - 9.25%
Axis Bank8.80% - 9.05%
Citibank9.00% - 9.85%
Indiabulls Housing Finance Limited8.80% - 11.05%
Kotak Bank8.90% - 8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 14.00%