NRI Borrow

Home Loans

While you decide upon a house that suits your family, let us help you with a home loan that suits your pocket. With not just a competitive rate of interest, but also an unmatched level of service.

Special Features
  • Great Savings:
    • One time processing fees
    • No hidden charges
  • Great Variety of loans for:
    • Purchasing a constructed flat / house
    • Purchasing a flat under construction
    • Home extension and renovation
  • Great flexibility:
    • Loans for salaried individuals
    • Each loan will mandatorily require a co-applicant and General Power of Attorney (GPOA) holder
    • GPOA should be located in the city where the loan is being processed
    • Choice of tenure from 5 years to 16 years
  • Refinance your loan:
    • Transfer your existing high interest loan to a lower interest Standard Chartered Bank home loan (as per the applicable current rates) and save on interest. We will also finance the prepayment charges if you so wish.


HomeSaver is a unique home loan that enables you to pay the lowest amount of interest. In fact, with HomeSaver, you can pay off your home loan in 1/2 the time, 1/2 the cost!

Special Features
  • Revolutionary home loan concept designed to help reduce the interest paid, and pay off the loan faster.
  • Deposit and withdraw your money (salary and other income) whenever you need, without any charges
  • Interest calculated on daily balance and applied monthly
  • Access your money whenever you need with free globally valid ATM-cum-Debit card
HomeSaver Operation

The graphic below shows how HomeSaver operates

HomeSaver Benefits

The table and graph below show how you can save on interest costs as well as shorten the tenure on your loan by opting for HomeSaver.

Particulars Normal Home Loan HomeSaver
Loan Amount 1000000 1000000
ROI 14% 14.25%
EMI (Rs.) 12435 12617
Loan Tenure (months) 240 240
Total interest Repaid (Rs.) 19,84,448 12,59,260
Actual repayment period (months) 240 168
Savings on Interest (Rs.) - 725188
Tenure Reduced By (months)) - 72 months

Assumptions: Gross monthly post-tax income of Rs. 33,500; Monthly expenses of Rs. 20,000

The rates assumed above are just for demonstration purposes. The interest rate applicable on your loan would be as mentioned on your Sanction Letter.

Savings compared to normal Home Loan 
Savings on Interest: 36.5% Reduction on Tenure: 30%
Loan Against Property

Now your property can take care of your personal as well as your family’s needs. The Standard Chartered Loan Against Property is a multi-purpose loan which can be taken against your residential or commercial property and is available for personal expenses like holidays, education, marriage, family holiday etc.

The loan can be as high as 70% of the market value of your property and is available to Salaried NRI

Special Features

Here are some of the features of the loan you can get against your property:

  • A multipurpose loan upto 5 Cr at very attractive interest rates
  • "No Income" document scheme available
  • No guarantors required
  • High loan amounts
  • Minimum documents and speedy approval
  • Maximum tenure of 15 years


    • How do I apply for a Standard Chartered Home Loan?

      You can get in touch with us by calling in at our Phonebanking Nos, or write to us at, or visit our Branches.

    • What are the documents that I need to submit when I apply for the loan?

      The primary documents that have to submitted are: Application form with self attested photograph

      • Identity, Age & Residence Proof
      • Bank Statement
      • Income Documents
      • Processing Fee Cheque

    There may be additional documents that are needed, details of which would be given to you at the time of application.

    • What is the maximum loan amount that can be availed?

      The loan amount can go up to Rs. 10 crores, depending on your repayment capacity, and the city where the loan is disbursed.

    • Who all can be co-applicants on the home loan?

      Each loan will mandatorily require a co-applicant and General Power of Attorney (GPOA) holder The co-applicant should fulfill the following conditions:

      • If applicant is married, spouse is compulsory as co-applicant
      • If unmarried, one of the parents / brother (residing in SCB asset locations) is required as co- applicant GPOA
      • GPOA should be located in the city where the loan is being processed
      • GPOA can be the co-applicant or any other close relative or friend.
    • What is the amount of processing fees that I have to pay?

      Processing fee would vary from 0.5 % - 1.50% of the sanctioned loan amount depending upon the scheme you opt for.

    • Will SCB refund my processing fee?

      If we are unable to sanction the loan to you, the processing fees minus Rs. 2000 will be refunded to you. In case your loan has been sanctioned, the processing fees will not be refunded.

    • How long does it take to get a sanction for the loan?

      After you have given us all the relevant documents, you can get a sanction for the loan within 5 working days, under normal circumstances.

    • You can choose among the following options to give repayment instructions:?

      After you have given us all the relevant documents, you can get a sanction for the loan within 5 working days, under normal circumstances.

      • Electronic Clearing System (ECS)
      • Post Dated Cheques (PDCs)
      • Standing Instructions on your Standard Chartered account
    • If the property is under construction, and I have not taken full disbursal, what options do I have regarding payment of EMI?

      You have the option of paying either pre EMI (interest on the amount of loan disbursed thus far) ) for a maximum of 3 years or full EMI during this period.

    • How is the interest on my loan calculated?

      The interest is calculated on a daily reducing balance and is charged with monthly rests.

    • Can I convert from a fixed rate of interest to a variable rate ?

      At the discretion of SCB, you have the option of changing your interest type from Fixed to Variable provided you pay 1.5% of the principal outstanding at the time of exercising the option.

    • Having taken a home loan, can I take a top-up loan without offering any additional security?

      Yes. Once you have completed six months of repayment on your home loan, we offer you the option of applying for a top up loan, over and above your existing home loan.

    • Can I make part prepayments on my home loan account?

      Yes you can make partpayments towards your home loan. The partpayment fees is NIL for part pre-payments less than 25% of the principal outstanding in a calendar year. For part pre-payments greater than 25% of the principal outstanding in a calendar year, the charges will be 2.5% of entire amount being paid.

    • How long do I have to wait after my loan is booked before I can make a part prepayment?

      6 months.

    • What are the charges on preclosure of the loan?

      The applicable charges are 2.5 % on the principal outstanding post adding any part payments made in the same calendar year

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