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With Home Saver, your loan against property can be much lighter on your pocket.

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With Home Saver, your loan against property can be much lighter on your pocket.

Grab business opportunities with both hands

Achieve your company’s aspirations with competitive loans and credit facilities.

Features

Straight2Bank

Straight2Bank (S2B) is a fully-integrated internet banking platform that allows you to perform all your transaction and view all banking information.

Reach us

You can contact us via 24×7 phone banking helpline, wide network of branches.

Service centers

Call, write or SMS us to reach our SME banking service centres.

Fees and rates

 

Processing fee: for details refer to the schedule of charges.

The above rates are subject to revision from time to time and at the discretion of Standard Chartered.

 

Loan Against Property (LAP) saver illustration:

The table below shows how you can save on interest costs as well as shorten the tenure on your loan by opting for LAP saver:

 

Normal LAP
LAP Saver
Loan Amount 20,000,000 20,000,000
ROI 11.50% 11.75%
Loan Tenure (months) 180 180
EMI (INR) 233,638 233,638
Initial Deposit NA 1,000,000
 Average deposited in HS a/c  NA  2000000
 Total interest repaid (INR)  22,054,833  15,137,728
 Savings on interest (INR)  6,917,105
 Actual repayment period (months)  180  140
Tenure reduced by (months) 40

 

Savings compared to normal Loan against Property

Savings on interest: 32%

Reduction in tenure: 22%

Eligibility and documents

Documents required

  • Bank statements for the last 6 months.
  • 2-year financials including Profit and Loss (P&L) statement, balance sheet and income tax returns.
  • Documents related to establishment of entity, identity and address proof documents.
  • Specific details would be provided by the sales officer.

FAQs

Terms and conditions