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FOR INDIVIDUAL

FOR BUSINESS

Features

building home

The Loan Against Property allows you to borrow up to 75% of the value of your property.

people cashone personal loan

Standard Chartered offers highly competitive interest rates for the Loan Against Property.

added value fees and charges

Standard Chartered will extend loans up to a maximum value of BDT 3.50 crore.

Eligibility*

  • At least last 3 years continued business experience
  • Minimum yearly sales turnover of BDT 2.40 Crore
  • Minimum 12 months on us or off us repayment track record

Type of entities

  • Proprietorship concerns
  • Registered Partnerships
  • Private Limited Companies
  • Public Limited Companies
  • Professionals having valid trade license
  • Foreign-owned/Joint Venture firms having more than 50% shareholding

Documents Required

  • Application form of Loan Against Property/Commercial Mortgage
  • Valid Current Trade License
  • Trade License of last 3 years
  • Latest 12 month Bank Statement
  • National ID/Passport/Driving License of Business Owners
  • Utility Bill of Business
  • 12 Digit e-TIN Certificate
  • Photograph of the owners
  • Sanction letter of all other bank loans
  • All property related documents
  • Board/Partnership Resolution ( for partnership and private limited companies only)
  • Partnership deed and registration certificate from registrar of firms ( for Partnership businesses only)
  • Memorandum of Article of Association and Certificate of Incorporation (for Private Limited Company only)
  • Borrowing clause needs to be present in Memorandum of Article of Association
  • Updated Form X and XII ( for Private Limited company only)
  • End use of fund declaration ( at the time of disbursement)
  • Personal Guarantee with valid photo ID (National ID/Passport ) from Spouse/immediate family member

Please note that the above requirements are not exhaustive and the bank may require further documentation for credit assessment on a case to case basis.

*Terms & Condition Apply

Visit your nearest Standard Chartered Bank branch
If you are a Liability customers you may also get in touch with your Relationship Managers to know more and apply for a LAP

  • Fast processing of the application
  • Attractive limit
  • Well trained RMs
  • Bundle offer with Business Working Capital product to cater client needs in a customized manner

The maximum tenure for which you can avail the facility is up to 180months.

We accept both residential and commercial property as security. No plot or under construction properties will be allowed.
For Commercial Property 60% of property’s current market value
For Residential Property 75% of property’s current market value

Loan Against Property A property-backed term loan for Business Banking clients to finance business expansion and other business requirements.

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