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What Makes Standard Chartered Bank Home loan Interest Rates The Most Competitive?

Interest rates come along as one of the most important things that one should have a look at before opting for a home loan. Huge interest rates on your home loan may cause a delay in your repayment. To save yourself from being a defaulter, you should opt for a home loan at an interest rate suitable to you. Standard Chartered Bank (SCB) is one of the leading Indian private banks that provide home loan facilities to customers. Also, Standard Chartered bank home loan interest rates are one of the lowest in the market.

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What Makes Standard Chartered Bank Home loan Interest Rates The Most Competitive?

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  1. What Makes Standard Chartered Bank Home loan Interest Rates The Most Competitive?

  2. Interest rates come along as one of the most important things that one should have a look at before opting for a home loan. Huge interest rates on your home loan may cause a delay in your repayment. To save yourself from being a defaulter, you should opt for a home loan at an interest rate suitable to you. Standard Chartered Bank (SCB) is one of the leading Indian private banks that provide home loan facilities to customers. Also, Standard Chartered bank home loan interest rates are one of the lowest in the market.

  3. Starting with only a 9.31% per annum rate of interest, a housing loan from Standard Chartered Bank makes you able to own that home that you’ve been dreaming for long. In this article, we will tell you about all the features, interest rates, different fees on it, documents needed, and the application process. You can just read on if you want to know more about it!

  4. A Few Notable Features of Standard Chartered Bank Home Loan: Standard Chartered Bank home loan facility is filled with awesome features like flexible repayment methods to tailor-made home finance solutions for you. Below are a few features that you might want to peek at. • Standard Bank Chartered Bank offers loan amounts ranging from a minimum amount of ₹10,00,000 to a maximum amount of ₹35 crore. Also, this amount depends on various factors like your repayment capability, residing city, credit score, and many others. • Standard Chartered Bank home loan interest rates start from 9.31% per annum onwards.

  5. You can also transfer your existing home loans to the standard chartered bank at a lower rate of interest by availing by the balance transfer facility. • Standard Chartered Bank also rewards your repayment behavior by giving 2% cashback which would credit in your SC savings account. • With the top-up loan on your current home loan facility, you can use this amount to satiate your other financial needs like home renovation, financing education, or any other need. • You also get doorstep services regarding any query related to your home loan facility. • Your immediate family members can be a co-applicant on your home loan.

  6. Processing Fee and other charges: The processing fee on a Standard Chartered Bank home loan may vary from 0.5% to 1% of the sanctioned loan amount. There are no part pre-payment charges or foreclosure charges for the customers who have taken the loan at a floating rate of interest.

  7. How can I apply for a Standard Chartered Bank Home Loan? There are various online and offline methods available by which you can apply for it. You can apply online by visiting the official website of Standard Chartered bank and there, you have to fill a few basic details like desired loan amount, date of birth, residing city, employment type, and others. Besides this, you can also visit one of the nearest branches and apply there manually or get in touch by calling on the phone banking number. You can also write to customer support via e-mail.

  8. What are the documents that I will need to apply for a Standard Chartered Bank Home Loan? Below are the documents that you will need during the application process. • Photo identity • Proof of residence (Passport/ Aadhar Card/ Electricity Bill) • Proof of age (PAN card/ • Salary slip of the last two months, bank statement of the last 3 months for the salaried individuals • Last two-years ITR and latest two-year audit reports if the applicant is self-employed • Copies of your property papers

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