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
People Also Look For  Magma Housing Finance Loan Against Property

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 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 9.25% 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 December 2017
Bajaj Finserv 10.99% - 16.00%
Fullerton India 14.00% - 33.00%
HDFC Bank 10.99% - 20.70%
ICICI Bank 10.99% - 18.40%
IndusInd Bank 12.99% - 20.00%
Kotak Bank 10.99% - 17.99%
RBL 14.00% - 18.00%
Standard Chartered Bank 10.99% - 14.49%
Tata Capital 11.49% - 18.00%
Home Loan Interest Rates December 2017
State Bank of India/SBI 8.30% - 8.60%
HDFC 8.35% - 8.95%
Bank of Baroda 8.30% - 9.30%
LIC Housing 8.35% - 8.70%
PNB Housing Finance 8.35% - 8.70%
ICICI Bank 8.35% - 8.85%
Axis Bank 8.35% - 8.75%
Citibank 8.60% - 9.35%
Indiabulls Housing Finance Limited 8.35% - 8.55%
Kotak Bank 8.35%
EMI Calculator