Standard Chartered Bank Home Loan

About Standard Chartered Bank Home Loan

A British Multinational banking and Financial Services Company, headquartered in London, it would not be wrong to say that Standard Chartered Bank is name to reckon with. Yes, this renowned bank with a network of over 1200 branches across more than 70 countries is worldwide known for offering a diverse range of financial products and services to all its customers. By offering you a wide range of services including savings and current accounts, credit cards, loans, equity solutions and insurance, this lender ensures to meet all your varied needs in the best possible way.

Home Loan

Eligibility & Quotes from top PSU & Pvt. Banks | Lowest Interest Rates | Comfortable Tenure

    Almost done, few more details required.

    However, if we talk about offering the home loan, there is no denying the fact that this leading bank makes sure that your dream of owning a beautiful home can easily be fulfilled. The bank offers the loan for ready/under construction home/flat, home extension and renovation with flexible tenures to salaried and self-employed individuals. With just one-time processing fee and no hidden charges involved, the bank offers this credit facility tailored to your needs. In case you are looking more details about Standard Chartered Bank Home Loan, just go to the page below.

    Standard Chartered Home Loan Interest Rate

    ParticularsDetails
    Interest Rates8.51% - 8.60%
    Loan AmountUp to ₹35 crores
    TenureFor salaried- Up to 25 Years
    For Self-employed- Up to 20 Years
    Processing Fee₹10,000/- + GST

    Eligibility Criteria

    Eligibility CriteriaSalariedSelf-employed
    Minimum age23 Years23 Years
    Maximum age63 Years70 Years
    Loan AmountUp to ₹35 CroresUp to ₹35 Crores
    Minimum Income Required₹6,00,000 (p.a)₹6,00,000 (p.a)
    Current Experience3 years of current job stability3 years of current business stability

    You can also check your eligibility for home loans with the help of an eligibility calculator in just a few minutes.

    Standard Chartered Home Loan Calculator

    With the help of an EMI calculator you can easily know the exact values of your monthly installments that you need to give away to the respective bank each month. This smart and time-saving device saves a lot of time and with its quick process it lets you know the results in the most hassle-free manner. All you need to do is just enter few credential such as: Loan Amount, Tenure and Interest Rates into the device so as to get to know the EMIs, Interest Outgo and Total Amount Payable on your loan.

    Let’s just have a more clarity on the same with the help of an example below.

    Table Showing EMI, Interest Outgo, and Total Repayment Amount

    Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 25,00,0008.51%1₹ 2,18,061₹ 1,16,732₹ 26,16,732
    ₹ 25,00,0008.51%2₹ 1,13,651₹ 2,27,615₹ 27,27,615
    ₹ 25,00,0008.51%3₹ 78,930₹ 3,41,495₹ 28,41,495
    ₹ 25,00,0008.51%4₹ 61,633₹ 4,58,363₹ 29,58,363
    ₹ 25,00,0008.51%5₹ 51,303₹ 5,78,203₹ 30,78,203
    ₹ 25,00,0008.51%6₹ 44,458₹ 7,00,995₹ 32,00,995
    ₹ 25,00,0008.51%7₹ 39,604₹ 8,26,718₹ 33,26,718
    ₹ 25,00,0008.51%8₹ 35,993₹ 9,55,343₹ 34,55,343
    ₹ 25,00,0008.51%9₹ 33,211₹ 10,86,841₹ 35,86,841
    ₹ 25,00,0008.51%10₹ 31,010₹ 12,21,175₹ 37,21,175
    ₹ 25,00,0008.51%11₹ 29,230₹ 13,58,309₹ 38,58,309
    ₹ 25,00,0008.51%12₹ 27,765₹ 14,98,201₹ 39,98,201
    ₹ 25,00,0008.51%13₹ 26,544₹ 16,40,807₹ 41,40,807
    ₹ 25,00,0008.51%14₹ 25,512₹ 17,86,078₹ 42,86,078
    ₹ 25,00,0008.51%15₹ 24,633₹ 19,33,966₹ 44,33,966
    ₹ 25,00,0008.51%16₹ 23,877₹ 20,84,418₹ 45,84,418
    ₹ 25,00,0008.51%17₹ 23,222₹ 22,37,378₹ 47,37,378
    ₹ 25,00,0008.51%18₹ 22,652₹ 23,92,791₹ 48,92,791
    ₹ 25,00,0008.51%19₹ 22,152₹ 25,50,597₹ 50,50,597
    ₹ 25,00,0008.51%20₹ 21,711₹ 27,10,738₹ 52,10,738

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

    YearPrincipalInterestBalance Amount
    1₹ 49,695₹ 2,10,841₹ 24,50,304
    2₹ 54,093₹ 2,06,443₹ 23,96,210
    3₹ 58,880₹ 2,01,656₹ 23,37,330
    4₹ 64,091₹ 1,96,445₹ 22,73,238
    5₹ 69,763₹ 1,90,773₹ 22,03,474
    6₹ 75,937₹ 1,84,599₹ 21,27,537
    7₹ 82,658₹ 1,77,879₹ 20,44,879
    8₹ 89,973₹ 1,70,564₹ 19,54,905
    9₹ 97,935₹ 1,62,601₹ 18,56,969
    10₹ 1,06,603₹ 1,53,934₹ 17,50,366
    11₹ 1,16,037₹ 1,44,500₹ 16,34,329
    12₹ 1,26,306₹ 1,34,230₹ 15,08,023
    13₹ 1,37,484₹ 1,23,052₹ 13,70,538
    14₹ 1,49,651₹ 1,10,885₹ 12,20,886
    15₹ 1,62,895₹ 97,641₹ 10,57,991
    16₹ 1,77,311₹ 83,225₹ 8,80,679
    17₹ 1,93,003₹ 67,533₹ 6,87,675
    18₹ 2,10,084₹ 50,452₹ 4,77,591
    19₹ 2,28,676₹ 31,860₹ 2,48,914
    20₹ 2,49,067₹ 11,623₹ 0

    Documents Required to Apply

    For Salaried:

    1) Application form with photograph
    2) Identity & residence proof
    3) Last 3 months salary slip
    4) Form 16
    5) Last 6 months bank salaried credit statements
    6) Processing fee cheque

    For Self-employed:

    1) Application form with photograph
    2) Identity & residence proof
    3) Education qualifications certificate & proof of business existence
    4) Business profile,
    5) Last 3 years profit/loss & balance sheet
    6) Last 6 months bank statements
    7) Processing fee cheque

    Features & Benefits

    • Flexible Tenures
    • Low-interest rates
    • Refinancing Options
    • Tailoring to Your Needs
    • Attractive Interest Rates
    • Doorstep Services

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    EMI Calculator