Standard Chartered Bank Mumbai

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About Standard Chartered Bank

Standard Chartered bank is a British MNC bank and financially oriented company. It is also the oldest international bank available in India for over 150 years. Being the largest international bank in India transcending its boundaries throughout 99 branches in 42 cities. The bank offers a multitude of products and services in two broad categories: The Consumer Bank and the Wholesale Bank.

Moreover, the bank provides an entire range of home loans, mortgages, credit facilities and overdrafts, tailor made solutions which suit the need of the customers within Mumbai and outside.

Standard Chartered Bank transcends its horizons in Mumbai with the establishment of its branches.

No doubt, Mumbai has carved a distinctive place for itself in relative fields in commerce, fashion, and movie industry. It also stands to be one of the world's top 10 centres of commerce in terms of global financial flow.

Due to the plethora of financial and trade services that happens in Mumbai, the capital city of Maharashtra on the western flank of India is capable of giving a high standard of living to the rich and mighty. Also, the city spaces the slums and ghettoes and provide them relief by undertaking their needs through relative financial infusion secured from the banking sector including Standard Chartered Bank as per governmental norms. The bank offers financial aids and grants through extending SME loans and Mico & Small Enterprise (MSE) financing which have replaced many traditional mills and SSI units as the former recruits skilled labour with the induction of modern technologies. This entire financial architecture has given a boost to diverse sectors in Mumbai including high-tech engineering, gems and diamond- polishing, healthcare, software and real estate industry, thanks to the cooperative efforts of the banking sector including Standard Chartered Bank.

Branch Addresses of Standard Chartered Bank Mumbai

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Products Offered by Standard Chartered Bank Mumbai

ProductEligibilityLoan Amount Interest RateProcessing FeeTenure
Home Loan(i) Salaried and Self-employed Individuals are eligible to apply
(ii) Co-applicants can also be included
Starting from ₹ 10 lakhs upto ₹ 15 crores8.51%


0.5% to 1.50% of the sanctioned loan amount depending on the scheme you choose.5 to 25 years
Personal Loan (i) Salaried and Self-employed individuals are eligible to apply.

(i) Starting from ₹ 1,00,000 to ₹ 30,00,000

(ii) Loans upto ₹ 30 lakhs for salaried employees, and upto ₹ 10 lakhs for entrepreneurs
10.99% - 14.49%


3% of the loan amounts and requisite documentation charges is payable upfront. 1 to 5 years
Business Loan
Micro & Small Enterprises(MSEs) are eligible to apply for Business Instalment Loan & Guaranteed Instalment LoanStarting from ₹ 10 lakhs and Upto ₹ 75 lakhs, depending on the financial eligibility conditions being met17.25% p.a. for Business Instalment Loan & 13.5% p.a. for Guaranteed Instalment Loan2% of the amount disbursedUpto 5 years
Loan Against Property(i) Salaried, Self-employed individuals, Partnership firms, Private limited and Closely-held – companies are eligible to apply.Loans upto ₹ 10 crores Borrow up to 70% of the market value of your residential or commercial property, then use the money for personal expenses2% of the amount disbursedUpto 15 years
Fixed DepositIndividuals, Hindu Undivided Families (HUFs), Minor represented by parents/guardian,Guardian on behalf of societies, clubs, trusts and associations, associations, clubs, trusts, sole proprietorship firms, partnership firms and limited companiesNIL4.25% - 7.25%NIL7 days to 5 years

Documents Required at Standard Chartered Bank Mumbai


Products
Documents
Home Loan Identity Proof-PAN Card/Passport/Voter ID/Driving License/Aadhaar Card

Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID

Income Proof-Latest Salary Slips & Form 16 for Salaried
- Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years

Bank Account Statement for the Last 6 Months

Track record of existing loans, if any

Details of property you look to buy & construct
Personal Loan Identity Proof- PAN Card/Voter ID/Driving License/Aadhar Card/Passport
Address Proof- Utility bill/Passport/Aadhar card/Voter ID
Income Proof- Latest Salary Slip/ ITR/Form-16
Other Income Proof for Salaried Individual
Letter of Authority from Employee authorizing the employer to deduct monthly installment out of salary for remitting to bank and Letter of Undertaking from the employer for check off facility OR Letter of Authority from employee/ applicant authorsing the Bank to deduct the loan instalment out of the salary routed through branch.
Other Income Proof for self-employed professionals
IT returns for the last two financial years. Proof of professional qualification (Copy of highest professional degree held). Proof of office/commercial address.

Bank Statement- Last 3-6 Month Bank Statement
Car LoanStatement of Bank account for last 6 months of the borrower.
Two passport sized photographs of borrower/guarantor(s)
Signature identification from Banker of borrower/guarantor.
A copy of passport/voter ID card/PAN ID card.
Proof of residence.
Latest salary slip showing all deductions and TDS certificate – form 16 in case of salaried persons.
Copy of income tax return for last two financial years duly acknowledged by ITO for professionals, self employed and others.
Proof of official address for non- salaried individuals
Business Loan
Identity Proof-PAN Card/Passport/Voter ID/Driving License/Aadhaar Card

Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID

Income Proof-Latest Salary Slips & Form 16 for Salaried
- Profit & Loss A/C Statement & Audited Balance Sheet for the Last 2Years for self-employed

Bank Account Statement for the Last 6 Months

Track record of existing loans, if any

Trade License applicable to a proprietor/partnership firm

Ownership documents, if any, of the security

Copy of Partnership deed/Memorandum of Association (MOA and Articles of Association (AOA) or other documents. These documents apply in the case of partnership firm or a company
Loan Against Property

Identity Proof-PAN Card/Passport/Voter ID/Driving License/Aadhaar Card

Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID

Income Proof-Latest Salary Slips & Form 16 for Salaried
- Employment details for the last 3 years, in case the applicant has not been earlier in the present organization.

Bank Account Statement for the Last 6 Months
copy of income tax return for last 2 financial years duly acknowledged by ITO, for other than salaried persons.

Track record of existing loans, if any

Details of property to be mortgaged
Fixed DepositAn Individual, Hindu Undivided Family, Sole Proprietorship Concern

ID Proof – Passport, PAN Card, Driving Licence, Voter ID, Government ID Card, Senior Citizen ID Card
Address Proof - Telephone Bill, Electricity Bill, ID Card Issued by Post Office, Bank Statement with Cheque
A photograph
Trusts

Copy of the Trust Deed
Copy of the registration certificate
Copy of the Resolution of the Trustees authorizing the members concerned to open and operate the account
Photographs of the members operating the account
Associations/Clubs

By-laws of the Association
Copy of the Resolution by the board authorizing the members concerned to open and operate the account
Photographs of the members operating the account

Partnership Firm
Partnership Deed
Letter from partners approving the persons concerned to open and operate the account
Photographs of the persons operating the account


Public or Private Limited Companies
Board Resolution / Authority Letter
Memorandum & Articles of Association
Certificate of Incorporation
Certificate of Commencement of Business (Public Limited Company)
Form 32 in case list of directors are not original subscribers to Memorandum & Articles of Association (in case of Private Limited Cos) Duly acknowledged by ROC
Governing Act / Rules and Regulations(PSUs) (certified true copy)

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