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I am NOT an existing Standard Chartered Current/Checking/Savings Account holder

*SingPass holders with a MyInfo profile can use MyInfo to automatically fill up the form. By clicking “Next”, you will be re-directed to the MyInfo portal, which is not owned or controlled by Standard Chartered Bank (Singapore) Limited or any member of the Standard Chartered Group (the “Bank”). The Bank bears no liability or responsibility over your usage of the MyInfo portal.

*Please note that MyInfo is temporarily unavailable at the stipulated downtimes:

Mon, Tues, Thurs, Fri, Sat:  5:00AM to 5:30AM. Wed: 2:00AM to 6:00AM. Sun: 2:00AM to 8:30AM

I am an existing Standard Chartered Current/Checking/Savings Account holder

    How would you like to apply?

    I am NOT an existing Standard Chartered Current/Checking/Savings Account holder

    *SingPass holders with a MyInfo profile can use MyInfo to automatically fill up the form. By clicking “Next”, you will be re-directed to the MyInfo portal, which is not owned or controlled by Standard Chartered Bank (Singapore) Limited or any member of the Standard Chartered Group (the “Bank”). The Bank bears no liability or responsibility over your usage of the MyInfo portal.

    *Please note that MyInfo is temporarily unavailable at the stipulated downtimes:

    Mon, Tues, Thurs, Fri, Sat:  5:00AM to 5:30AM. Wed: 2:00AM to 6:00AM. Sun: 2:00AM to 8:30AM

    I am an existing Standard Chartered Current/Checking/Savings Account holder

      Build your home with a bundle of perks

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      Build your home with a bundle of perks

      Features

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      Pricing and Eligibility

      Mortgage facility terms and conditions apply. Pricing and mortgage facility terms are subject to change without prior notice.

      PRICING AND FEATURES

      Interest Rate 36M Fixed Deposit Rate plus a margin for the Bank.
      The 36M Fixed Deposit Rate means the Bank’s prevailing interest rate per annum for a 36-month Singapore Dollar time deposit of (i) an amount below S$20,000, or (ii) such other amount as the Bank may specify.
      The current 36M Fixed Deposit Rate is 0.72% per annum.

            
      The reference rate for Fixed Deposit Rate may vary and the actual rate will be presented in the Facility Letter. The Fixed Deposit Rate offered to you may be different from other clients based on different pricing packages.

         

      The Fixed Deposit Rate is a floating rate and is subject to change from time to time. This rate may be revised due to changes in, including but not limited to our macroeconomic outlook or any other global or local market conditions which may or may not impact our cost of funds. We will provide you with at least 30 days’ notice for any revision of the Fixed Deposit Rate if you maintain any existing loan with us.

      Loan Size Minimum SGD100,000
      Fees No processing fee
      Type of Property For both completed and building under construction properties
      Historical FDR Rates

      Below are the historical rates for 36M Fixed Deposit Rate for the past 2 years for reference:

      EFFECTIVE DATE
      36M FIXED DEPOSIT RATE
      From 10 June 2019 to 17 May 2020 1.37% per annum
      From 18 May 2020 to 20 August 2020 1.02% per annum
      From 21 August 2020 to date 0.72% per annum
      Note: These past trends may not reflect how high or low future interest rates may be.

      Terms and Conditions

      Important Information for Mortgage Facility

      Mortgage Facility

      A financing accorded for the purchase of property or refinancing of existing mortgage loan. We offer Mortgage Facility for both Residential and Commercial Properties.

      Interest

      Generally, interest rate type offered for Mortgage Facility covers 2 broad categories, which is Fixed or Floating/Variable Rate. The type of interest rate offered may differ from time to time. You should contact us to discuss which interest rate type suits your personal banking needs.

      Some of the interest rate type that we offer are:

      1. 3-month Compounded Singapore Overnight Rate Average (SORA)
        1. The 3-month Compounded SORA for a given business day is published by 9am on the next business day on the Monetary Authority of Singapore website.
      2. Fixed Deposit Rate (FDR)
        1. The tenure of the FDR offered may differ from time to time. The actual tenure of the FDR and corresponding interest rate will be reflected in the Facility Letter for your acceptance.
        2. The FDR offered to you may be different for other borrowers with different interest rate packages or FDR tenure.
        3. FDR is a floating/variable rate and is subject to change from time to time at the bank’s sole discretion, depending on market conditions and/or any other factors impacting the benchmarked of FDR by giving you at least 30 days’ notice period.

      Fees and Charges

      You are liable for the fees and charges relating to the Mortgage Facility. Below are some of the fees and charges that may be applicable, but not limited to:

      1. Legal fee, valuation fee and fire insurance premium relating to the purchase/mortgage of the property and/or discharge of mortgage with the bank.
      2. Cancellation fee shall be payable on the amount of the Mortgage Facility cancelled or deemed cancelled by you after acceptance of our Facility Letter.
      3. Partial or full redemption fee on the amount of the Mortgage Facility during lock-in period. The lock-in period will be stipulated in the Facility Letter.
      4. Repricing/Restructuring fee may be applicable for any change in the existing Mortgage Facility for example revision of interest rate package or loan tenure.
      5. Request for copies of loan related documents or statement of accounts. You may wish to refer to our Pricing Guide on the applicable fee.
      6. An annual administrative fee for taking up the insurance policy with your own insurer.
      7. Late fee and default fee is applicable on any late payments.

      Repayments

      After the Mortgage Facility has been disbursed, the bank will notify you on the actual instalment payable and the effective date. The bank will also notify you when there is a revision of the monthly instalment for the Mortgage Facility.

      Any overdue instalment incurs interest at the default rate set out in the Facility Letter and applicable late payment fee.

      For the full Mortgage Facility Terms, you may refer to https://av.sc.com/sg/content/docs/scb-mortgage-facility-tc.pdf.

      Let’s get in touch and let us discuss with you the best financing that suits your personal banking needs. After the discussion, we will provide you with a copy of the Residential Property Loan Sheet which contains key features of the Mortgage Facility, loan tenure, interest rate, monthly instalment and information on the impact to the payment in the event of rising interest rate. This information will help you with the financing needs.

      You are also encouraged to refer to the The Association of Banks in Singapore’s (ABS) Consumer Guide on Home Loans which is available on the MONEYSENSE and ABS websites before committing to a loan.

      Deposit Insurance Scheme

      Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.