Standard Chartered Bank (SCB) Home Loan, Interest rates, EMI Calculator July 2017

 

(Updated on 12.07.17) Standard Chartered Bank (SCB) Home Loan July 2017Get Instant Quick & Easy Approval on Standard Chartered Home Loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of✓Interest Rate✓Loan Tenure✓Processing Fee✓Eligibility✓Best Offers & more.

Standard Chartered Bank Home Loan Interest Rate

Interest Rate 9.35% to 9.45%
Processing fee range 0.5% – 1.50% of the Loan Amount
Loan Amount Rs.5 lakhs to Rs.10 crore
Tenure 5 years to 25 years

Standard Chartered Bank Home Loan – Instant Quotes Online

Professional Details
Loan Amount
Occupation
Yearly Income
City
Disclaimer: We do not provide Home Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

Standard Chartered Bank Home Loan

Catering to needs of individual consumers and corporate, Standard Chartered pledged itself to offer premium range of products and services to its customer in India.

Standard Chartered Bank one of the oldest banks in India has tempting home loan features to offer you. SCB Home Loan can be availed to purchase plot for construction of House, construction /renovation/ repair/alteration/addition to house/flat and also to buy a fully constructed home. Standard Chartered Bank Home Loan offers home loan at variable and semi-fixed rate housing loans with just a one-time processing fee, calculation of interest on daily balance basis, Home Insurance coverage for home loan borrowers, and varied Home Loan EMI options and much more. Know your home loan eligibility and get the best deal with SCB Home Loan Eligibility Calcualtor.

Also avail Standard Chartered Bank Star Personal Loan at the best profitable rates of interest and fund your financial crisis.

Standard Chartered Bank Home Loan Under CLSS-MIG Scheme 2017

If You opted for a home loan amount of Rs. 20 lakhs at the interest rate of 9.35% from Standard Chartered Bank for 20 years. Now, on this loan amount of Rs. 20 lakhs, you will get an interest subsidy of 4% on the loan amount of Rs. 9 lakhs out of the 20 lakhs loan amount. For the rest amount, you will get an interest subvention of 3% for next loan amount of 3 lakhs out of the 20 lakhs loan amount. The remaining 8 lakhs loan amount will be calculated at normal interest rate of 9.35%.

Under the CLSS-MIG Scheme the total monthly EMI and total interest amount are reduced see below the tables

Loan Amount Loan Tenure Monthly EMI Total Interest
Rs. 20,00,000 (CLSS-MIG) 20 Rs. 14,875 Rs. 15,69,965
Rs. 20,00,000 (Without CLSS-MIG) 20 Rs. 18,447 Rs.24,27,318

Monthly EMI and Total Interest Rates are Reduced By Rs.3572 and Rs.8,57,353

Standard Chartered Bank Home Loan Benefits

  • Speedy and easy processing of application and disbursement of home loan
  • Loan offered to both categories is Rs. 5, 00,000 to Rs. 1, 00, 00000
  • Repayment option between 5 years to 20 years
  • No hidden charges
  • Option to transfer existing home loan at higher rates to lower interest rate
  •  Highly competitive interest rate starting from 9.35%

Standard Chartered Bank Home Loan EMI Calculator

Standard Chartered Bank EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

YEARLY CALCULATED VALUES FOR HOME LOAN AMOUNT OF RS. 20,00,000 @ INTEREST RATE OF 9.35% FOR 20 YEARS

Year

Principal

Interest

Balance Amount

1

64,152

1,84,296

19,35,848

2

70,412

1,78,036

18,65,436

3

77, 285

1,71,163

17, 88,151

4

84, 829

1,63, 619

17,03,322

5

93,110

1,55,338

16,10,212

6

1,02,199

1,46,249

15,08,013

7

1,12,175

1,36,273

13,95,838

8

1,23,126

1,25,322

12,72,712

9

1, 35,145

1,13,303

11,37,567

10

1,48,336

1,00,112

9,89,231

11

1,62,817

85,631

8,26,414

12

1,78,708

69,740

6,47,706

13

1,96,151

52,297

4,51,555

14

2,15,300

33,148

2,36,255

15

2,36,415

12,133

0

Standard Chartered Bank Home Loan Eligibility

✓ All resident individuals can apply for home loan.

✓ Should be between 21 years to 60 years

✓ For salaried people an income of Rs. 1, 80,000 PA and for self-employed Rs. 2, 50,000 PA is required

✓ One needs to establish his identity at the time of application. Supporting document/s that are required for this purpose include:

✓ Application with a latest photograph

✓ Identity and residence proof

✓ Last 3 months salary slip & form 16 for salaried people and last 3 years profit/loss account

✓ Bank statement of last six months with credit of salary (for salaried people)

✓ Bank statement of last six months (for self-employed)

✓ Educational qualification certificate along with proof of business existence

Standard Chartered Bank Home Loan Documents

  • Application form with self attested photograph

  • Identity, Age & Residence Proof

  • Bank Statement

  • Income Documents

  • Processing Fee Cheque

  • Property Papers

  • Additional documents are also necessary as per Bank’s norms.

Standard Chartered Bank Home Loan Prepayments

  • Partial pre-payment charges: NIL

  • Pre-closure Charges: NIL

Standard Chartered Bank Home Loan MCLR July 2017(w.e.f 7th July)

Loan Tenure MCLR 
Overnight 8.20%
1 month 8.50%
3 months 8.50%
6 months 8.60%
1 year 8.90%
2 years 9.00%
3 years 9.45%

Standard Chartered Bank Customer Care

  • 24-hour service SMS service to 9980033333 (except National Holidays)

Phone banking numbers

Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, Pune

6601 4444 / 3940 4444

Allahabad, Amritsar, Bhopal, Bhubaneswar, Chandigarh, Cochin / Ernakulam, Coimbatore, Indore, Jaipur, Jalandhar, Kanpur, Lucknow, Ludhiana, Nagpur, Patna, Rajkot, Surat, Vadodara

6601 444 / 3940 444

Gurgaon, Noida

011 – 39404444 / 011 – 66014444

Jalgaon, Guwahati, Cuttack, Mysore, Thiruvananthapuran, Vishakhapatnam, Mathura, Proddatur, Dehradun, Saharanpur

1800 345 1000
(For domestic dialing within India only)

Siliguri

1800 345 5000
(For domestic dialing within India only)