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

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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

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      Business Property Loan is a purchase or refinance loan for your property. It can also be an opportunity for you to secure additional working capital

      Get in touch with us Get in touch with us
      Business Property Loan

      Business Property Loan is a purchase or refinance loan for your property. It can also be an opportunity for you to secure additional working capital

      Business Property Loan with attractive features

      Our Business Property Loan offers extensive property coverage, a high financing quantum and a flexible repayment period.

      Features

      Simple and Hassle Free Application Process

      We have simplified the documents you need to produce with your facility application so that you can focus on building your business.

      Complimentary Current Account

      Get a complimentary current account (No initial deposit required for opening of the account).

      Latest Industry update

      Shortening of Business Property Loan Redemption Notice Period  w.e.f. 1st Jul 2021

      Eligibility & Documents

      Eligibility

      • For purchase or refinancing of residential properties and industrial properties
        • Companies, Partnerships, Sole proprietors

      Documents Required

      • Latest 6 months bank statements
      • Latest 2 years audited financials including Profit & Loss statement and Balance Sheet
      • Latest 2 years Income Tax Notice of Assessment of individuals/ sole proprietors / partners or principals of companies
      • Specific details would be provided by the sales officer

      Fees and Charges

      ITEMS
      DETAIL
      Partial Redemption Fee 1.5% partial redemption fee based on the amount of Mortgage Loan redeemed during the Lock-In Period.

      You may redeem your loan partially by serving 1 month’s notice in writing to us or by paying 1 month’s interest in lieu of notice. The minimum partial redemption amount is S$10,000.
      Full Redemption Fee 1.5% full redemption fee based on the amount of the Mortgage Loan redeemed during the Lock-In Period.

      You may redeem your loan in full by serving 2 months’ notice in writing to us or by paying 2 months’ interest in lieu of notice.
      Cancellation Fee 2% cancellation fee based on the amount of Mortgage Loan cancelled or deemed cancelled by the borrower.
      Late payment fee S$40
      Default rate 5% above SGD Prime lending rate* on the overdue instalment amount
      Repricing Fee Administrative fee of S$3,000
      This pricing guide does not cover interest rates on your Mortgage Facilities. If we vary the interest rate, we will do so by giving you at least 30 days’ notice before the variation takes effect and notifying you of the effective date of the revised interest rate. For more details, please refer to your Facility Letter for the respective Mortgage Facilities with us.

      FAQs

      • The maximum tenure of the facility is up to 25 years for new property purchase or up to 30 years for property refinancing.

      • We can finance purchase of completed or under construction properties (Commercial Units, Industrial Units or Residential Units).

      • You can prepay all of your loan if you provide us with at least 2 months written notice. You can prepay part of your loan if you provide us with at least 1 month written notice. In addition, please note that you will incur a charge of 1.5% on the amount prepaid if you make any prepayment within the first 2 years of the loan disbursement.

      • We offer attractive interest rates on the facility depending on loan amount, credit assessment and other parameters. Further details will be provided by our sales officer.

      • Yes. You can apply for a Business Property Loan to tap into the unencumbered value of your property.

      Terms and Conditions

      Deposit Insurance Scheme

      Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

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      Business Working Capital
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