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Allow your property to fulfill your dreams.

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Allow your property to fulfill your dreams.

Use your property to avail loans for personal needs

Borrow up to 70% of your residential or commercial property’s market value for personal expenses.

Features

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You can contact us via 24x7 phone banking helpline, wide network of branches.

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Service centers

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

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Fee and rates

 

 Details
Charges
Processing fees

Up to 1% of the sanctioned amount

Part pre-payment Fees

NIL fees on floating rate loans to individuals. For other* categories of loans:

Home Loans

• NIL for part pre-payments less than 25% of the principal outstanding in a calendar year.

• For part pre-payments greater than 25% of principal outstanding in a calendar year - 2.5% of the entire amount being paid.

Loan Against Property

• NIL for part pre-payments less than 25% of the principal outstanding in a calendar year.

• For part pre-payments greater than 25% of principal outstanding in a calendar year - 4% of the entire amount being paid.

Includes fixed/ semi fixed rate loans, and loans to non-individuals also.

Here Principal outstanding refers to the principal outstanding at the time of closure, as well as the amount part pre-paid in the same calendar year which has not been charged.

Pre-closure Fees

NIL fees on floating rate loans to individuals

For other categories of loans:

Home loan - 2.5% of the principal outstanding.

Loan Against Property - 4% of the principal outstanding.

Includes fixed/ semi fixed rate loans, and loans to non-individuals also.

Here, Principal outstanding refers to the principal outstanding at the time of closure, as well as the amount part.

Others

Service charges

Documents

Documents Required for Salaried / Self Employed

  • Photo Identity
  • Proof of Residence
  • Proof of Age
  • Financial documents required (Self-attested)
    • Salaried Individuals – 2 months salary slip (If variable components present in Salary Structure) and Latest year Form-16 and Bank statements for the last 3 months.

    • Self-employed Individuals / Professionals .

    • Latest 2 years IT returns and computation of Income (firm & individuals)

      AND

    • Latest 2 years P&L statements, Balance sheets (along with all the schedules) and Capital Account Statements, certified by a C.A.

      AND

    • Latest 2 years Audit Reports. [For Self Employed : Turnover > 1 Crore ; For Self Employed Proffesionals : Gross Receipts > 25 Lakh ]

      AND

    • Bank statements of the Primary Bank Account for latest 6 months.

    • For Partnership firms:

      • Partnership Deed is required.
    •  For Private Limited firms:
      • Shareholding pattern or Memorandum and Articles of Association, attested by a C.A.
      • List of Directors.

Documents Pertaining to your Property

  • Documents pertaining to your property / others (Self-attested)
    • Property paper copies ( First and Last page to be self attested).
    • Existing home loan facility details.
      • Sanction Letter.
      • Original List of Documents held by Competition Bank.
      • Latest Outstanding of the loan sought to be Bought over.
      • Note: B&C can be provided prior to disbursal.
    • Other Existing loans declaration.

    The above list of documents is an indicative list and is acceptable based on Standard Chartered Bank’s existing policy, as applicable at the time of loan application. For more details you can speak to your Relationship Manager (RM) or visit the nearest branch

Terms and Conditions