(Updated on 12.07.17) Standard Chartered Bank (SCB) Home Loan July 2017 – Get 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
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 |
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| Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds. |
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
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Application form with self attested photograph
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Identity, Age & Residence Proof
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Bank Statement
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Income Documents
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Processing Fee Cheque
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Property Papers
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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 |
|
Siliguri |
1800 345 5000 |