Mortgage Loan Fees & 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 |
Avail Loan against property to fulfill your personal needs
With our Loan against property, borrow up to 70% of your residential or commercial property’s market value for personal expenses.
Mortgage Loan Features
Attractive interest rates
Find attractive interest rates to meet your personal financing needs.
Door step service
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Insurance
Feel safe with products that protect your family from the burden of repayment, property and home content.
Mortgage Loan Documents
DOCUMENTS REQUIRED FOR SALARIED / SELF EMPLOYED
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
- 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
