FOR INDIVIDUAL
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Avail 8.49% Rent Rate if you transfer your existing Home finance from another Bank / Financial institute to us. You can further reduce the rent expense if you avail our Saadiq MortgageOne Variant. Get a new lease of life.
financing amount
of property value
flexibility to repay the facility
You can avail Saadiq home finance for renovation or extension of your existing home
Saadiq MortgageOne is a unique home finance linked to a deposit account, with which you can save on rental expense.
Top up your existing home finance at Standard Chartered Bank and avail additional funds for home renovation or extension.
Transfer your home finance from other financial institutions to Standard Chartered Bank at Zero processing fee!
Amount of Financing
Please enter an amount between BDT 2,000,000 and BDT 20,000,000
Finance Tenure
Please enter a Tenure less than 20 years.
| Tenure (in Months) | Total Rent Paid | Outstanding Mortgage |
|---|
The Approximate Monthly Repayment figure for mortgage is indicative and is not meant to be final or binding on the Bank. The Bank reserves the right to determine the final interest rate in accordance with applicable laws and amount that can be borrowed.
Applicants must have a steady source of income from employment / business / self-employment activity.
Applicants must have aggregate 3 years of experience.
However, only for or Employee Banking clients, 1 year experience will suffice if customer has proven finance / credit card repayment track of at least 12 months, and applies for the finance along with a co-borrower who has an independent income source.
(Adjacent areas included)
* Bank may ask for additional supporting documents if deemed necessary.
Applicants must have aggregate 3 years of experience.
Co-applicant is mandatory for financing Non-Resident Bangladeshis (NRB). Where co-applicant is also a NRB, a local guarantor will be required for managing any post disbursement activities including collection, insurance renewal, security documentation, etc. The guarantor must be an immediate family member (father, mother, brother, son, daughter, spouse). The guarantor/local co-applicant must be located in Dhaka or Chattogram.
(Adjacent areas included)
The property must be in the name of the non-resident or in joint name with the non-resident applicant.
The following documents will need to be collected for providing the finance. The documents will need to be verified by concerned Embassy/High Commission of Bangladesh in the country of the non resident, and duly attested by foreign Embassy.
Co-borrowers for the home finance can only be from your family i.e. spouse, father, mother and son only.
Co-Applicant is mandatory for all home finance applications.
However, if Primary applicant is both the “Property owner” & “Financially eligible person”, and there is no co-applicant, then primary applicant needs to provide 2 personal guarantors (1 immediate family member and another from anyone meeting guarantor criteria). However, if client is an Employee Banking Client / Doctor, then 1 personal guarantor from immediate family member is required.
The rent rate is computed on a monthly basis (360 days). Rent rate applicable for this facility is variable. The rate is linked to the average rate of 182-Day Government Treasury Bill and Bank’s current rate matrix applicable for Saadiq Home Finance and is published in line with Bangladesh Bank guidelines.Your Saadiq Home Finance rental rate will be reviewed every 6 months from the date of disbursement, based on the movement of the average rate of 182-day Government Treasury Bill rates. However, in order to protect from rate volatility arising from fluctuation in Government Treasury Bill rates, and in line with BRPD Circular No. 3 dated 24 February 2020, the rate will be aligned to that published by the bank in the rate matrix and also reported to Bangladesh Bank for the month of re-pricing.
To apply for a Saadiq Home Finance, please contact your nearest branch of Standard Chartered Bank, or call our 24 hour client care centre at +8802 8332272, or 16233 (from mobile).
You can also speak directly to any of our Home Finance Sales Team Managers at the following numbers:
This information is neither an offer to sell, purchase or subscribe nor a solicitation of such an offer. This information is general and does not take into account a person’s individual circumstances, objectives or needs. Please visit any of our branches or contact your relationship manager to make an appointment.
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Such links are only provided on our website for the convenience of the Client and Standard Chartered Bank does not control or endorse such websites, and is not responsible for their contents.
The use of such website is also subject to the terms of use and other terms and guidelines, if any, contained within each such website. In the event that any of the terms contained herein conflict with the terms of use or other terms and guidelines contained within any such website, then the terms of use and other terms and guidelines for such website shall prevail.
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