Get ProtectedOwn the property of your choice today with our attractive financing options
Whether you’re interested in owning residential or commercial properties, we’ll help you get what you want with our Business Property Loan that lets you own your property in no time!How our Business Property Loan can help you:
Flexible repayments
Choose from a range of financing options including term loan, overdraft or a combination of both. With our term loan, you can take advantage of attractive interest rates calculated on a monthly reducing basis, over a maximum repayment tenure of 15 years.
You can start making your monthly repayment (interest plus principal) after the first loan payout is made, or have the option to service only the interest in the first year*, and pay off both interest and principal in subsequent years. The latter will allow you to minimise your cash commitments in the first 12 months.
Quick approval
Because your time is precious, we’ll process your loan within 6 working days upon receiving all the required documents.
Hassle-free services
For your added convenience, we can help arrange for the following:
- Property valuation
- Legal documentations
- Fire Insurance
In addition, the Mortgage Reducing Term Assurance is not mandatory for your application, hence giving you greater flexibility and cost-effectiveness.
Extra support for your growing business
You can also take up a term loan or overdraft against your completed properties and use the cash to give your business an extra boost.
To apply for our Business Property Loan, simply bring the following documents to any Standard Chartered Bank branch:
- Identity Card and / or Passport of Sole Proprietor / Partners / Guarantors
- Identity Card of nominee (for non-Bruneian applicants)
- Latest 12 months company / personal bank statements
- Latest 2 years Management Accounts
- Company Registration – Sections 16 & 17 for Sole Proprietorships and Partnerships
- Copy of Land Title Deed
- Copy of approved house plan with scaled measurements
- Sale & Purchase Agreement for purchase of property
- Lease Agreement for leasehold property
- Contractor agreement for construction of property
- Certificate of balance for takeover loan
- Rental agreement (if available)
- Any other relevant documents
Additional documents for Limited Companies
- Company Registration – Form X, Certificate of Incorporation and Share Certificate
- Memorandum and Articles of Association
- Latest 2 years Audited Accounts
For more information on Standard Chartered Business Property Loan, please visit our Business Banking Centre in Gadong or contact our Business Relationship Managers at 242 6000 or 245 3040 who will be most happy to assist you.
Alternatively, you can call our Business Banking hotline at 265 8008.
Bank’s terms and conditions apply.