Home Loan
Buy your dream home with smart and flexible home finance with unique features and unrivalled level of service
FOR INDIVIDUAL
FOR BUSINESS
Buy your dream home with smart and flexible home finance with unique features and unrivalled level of service
loan amount up to BDT 20 million
enjoy loan amount up to 70% of property value
flexibility to repay the loan in up to 300 monthly instalments
You can avail home loan for purchase of a new home, or for renovation or extension of your existing home.
MortgageOne is a unique home loan linked to a deposit account, with which you can save on interest expense.
Top up your existing home loan at Standard Chartered Bank and avail additional funds for home renovation or extension.
Transfer your home loan from other financial institutions to Standard Chartered Bank at Zero processing fee!
Amount you want to borrow
Please enter an amount between BDT 2,000,000 and BDT 20,000,000
Loan Tenure
Please enter a Tenure less than 20 years.
| Tenure (in Months) | Total Interest 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 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.
(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 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.
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:
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.
This is to inform that by clicking on the hyperlink, you will be leaving www.sc.com/bd and entering a website operated by other parties:
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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