Benefits

Features of Standard Chartered Home Loan

building home

You can avail home loan for purchase of a new home, or for renovation or extension of your existing home.

money dollar

MortgageOne is a unique home loan linked to a deposit account, with which you can save on interest expense.

money capital appreciation

Top up your existing home loan at Standard Chartered Bank and avail additional funds for home renovation or extension.

money fund transfer

Transfer your home loan from other financial institutions to Standard Chartered Bank at Zero processing fee!

money loan service

Enjoy competitive variable interest rate. Processing fee up to BDT 20,000, without any hidden charges.

misc protection

You can choose your property from our list of approved projects, developed by some of the most renowned developers.

Age of applicant

  • Minimum age at the time of loan application: 25 years
  • Maximum age at end of loan tenure: 70 years (depends on client segment)

Eligible client segments

  • Salaried executives
  • Business persons
  • Self-employed professionals
  • Doctors

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 Employee Banking clients, 1 year experience will suffice if customer has proven loan / credit card repayment track of at least 12 months, and applies for the loan along with a co-borrower who has an independent income source.

Customer location

  • Dhaka (including Narayanganj)
  • Chattogram
  • Other areas with Standard Chartered Branch coverage may be considered

Property location

  • Dhaka (including Narayanganj)
  • Chattogram
  • Sylhet (Home renovation / extension loan only)

(Adjacent areas included)

Minimum net monthly net income: BDT 78,000

Mandatory documents for all clients

  • National ID Card
  • Passport size photograph
  • e-TIN Certificate

Income documents for salaried clients

  • Original Letter of Introduction (salary certificate)
  • Latest 6 months’ bank statement with salary reflections.

Documents for Businessman / Self employed clients

  • Updated Trade License with proof of last 3 years business experience
  • Partnership Deed /RJF certified with form1
  • RJSC certified certificate of incorporation, MOA / AOA, form X / XII / 117 (as applicable)
  • Business supporting documents like work orders

* Bank may ask for additional supporting documents if deemed necessary.

Maximum loan tenure

  • Businesspersons: 120 months
  • All other segments: 300 months

Age of applicant

  • Minimum age at the time of loan application: 25 years
  • Maximum age at end of loan tenure: 70 years (depends on client segment)

Eligible client segments

  • Salaried executives with a valid work permit.

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.

Customer location

  • UAE, India, Bahrain, Qatar, Jordan, Oman, Singapore, Malaysia, Indonesia, Hong Kong, Vietnam & South Korea

Property location

  • Dhaka (including Narayanganj)
  • Chattogram

(Adjacent areas included)

The property must be in the name of the non-resident or in joint name with the non-resident applicant.

Minimum net monthly net income: USD 3,500 (or equivalent)

Mandatory documents

  • National ID Card
  • Passport size photograph
  • e-TIN Certificate
  • Valid work permit
  • Letter of Introduction (Salary certificate)
  • 6 months bank statement as proof of salary relationship.

The following documents will need to be collected for providing the loan. 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.

Maximum loan tenure

  • Salaried segment: 180 months

No. You can only purchase residential properties with Home Loan.

Co-borrowers for the home loan can only be from your family i.e. spouse, father, mother and son only.

Co-Applicant is mandatory for all home loan 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.

Variable interest rate is a type of pricing where the interest rate is revised at pre-determined intervals based on movement of a market benchmark rate till the end of the loan tenure. During disbursement, the Home Loan interest rate is linked to the average rate of 182-Day Government Treasury Bill. The Home Loan interest rate will be reviewed (i.e. decreased or increased) every 6-months from the date of disbursement, based on the movement of the average rate of 182-Day Government Treasury Bills. During re-pricing, the new interest rate will be within the minimum and maximum interest rate range applicable for mortgage finance that is published in the bank’s interest rate matrix and also reported to Bangladesh Bank.

To apply for a home loan, 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 Loan Sales Team Managers at the following numbers:

Home Loan Buy your dream home with smart and flexible home finance with unique features and unrivalled level of service.

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