Standard Chartered Bank Home Loan

Disclaimer: Standard Chartered Bank is not a Paisabazaar partner and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to Standard Chartered Bank for home loans. No offers/services from Standard Chartered Bank are being provided by Paisabazaar for home loans. For further information about Standard Chartered Bank for home loans, users are required to reach out directly to Standard Chartered Bank.

Note: Interest rates as of 1 September 2025

Standard Chartered Bank Home Loan Interest Rate

The interest rates offered by Standard Chartered Bank for its home loan schemes start from 7.99% p.a. The final home loan interest rates offered by the lender would depend on the loan applicant’s credit profile.

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Fee and Charges for Standard Chartered Bank Home Loan 

Processing fees

Standard Chartered Bank charges a processing fee of up to 1% of the sanctioned loan amount, based on the home loan scheme chosen.

Foreclosure/Part-prepayment charges

Other fees and charges

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Types of Standard Chartered Bank Home Loans

Home Loan

• Purpose: Standard Chartered Bank offers its regular home loan facility to prospective borrowers for purchase/construction of a new house or for home renovation/extension of their existing homes.
• Minimum Loan Amount: Rs 10 lakh
• Maximum Loan Amount: Rs 35 crore
• Loan Tenure: Up to 25 years

Also Check: Home Loan Interest Rates

Home Saver

• Purpose: Standard Chartered Bank Home Saver is a home loan variant with overdraft facility, wherein an overdraft account is opened along with the home loan account. The borrower can deposit excess savings into the overdraft account and the bank will deduct that amount from the outstanding principal for calculating the interest amount on the loan.
• Minimum Loan Amount: Rs 10 lakh
• Maximum Loan Amount: Rs 35 crore

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Interest Only Home Loan

• Purpose: Standard Chartered Bank offers Interest Only Home Loans wherein borrowers have the facility to pay only the interest amount during the ‘interest only period’ of up to 12, 24 or 36 months and full EMI amounts thereafter. This facility is only available for ready to move residential properties.
• Minimum Loan Amount: Rs 35 lakh
• Maximum Loan Amount: Rs 3.5 crore
• Repayment tenure: Up to 25 years (for self-employed) and 30 years (for salaried)

Eligibility Criteria for Standard Chartered Home Loan 

The eligibility criteria for prospective applicants availing home loans from Standard Chartered Bank are as follows:

• Indian residents, both salaried and self-employed, are eligible for availing this home loan facility.
• Both partnership and private limited firms can avail the home loan schemes offered by Standard Chartered Bank.
• The Interest Only Home Loan is offered only to salaried clients of Standard Chartered Bank in Bengaluru.

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Documents Required for Availing Standard Chartered Bank Home Loan

Prospective borrowers availing home loans from Standard Chartered Bank should submit the below mentioned documents:

List of common documents required for all individuals:

• Duly filled and signed application form with photographs
• KYC Documents: Photo identity, residence proof, age proof

List of Property Documents required for all individuals:

• Self attested copy of property papers
• Existing home loan facility details
• Sanction letter
• Original list of documents held by the competition bank
• Latest outstanding of the loan sought to be bought over
• Other existing loans declaration

List of Financial Documents required for salaried individuals:

• 2 months salary slip (If variable components present in salary structure)
• Latest year Form-16
• Bank statements for the last 3 months

List of Financial Documents required for self-employed professionals/individuals:

• Latest 2 years IT returns and computation of income (firm and individuals)
• Latest 2 years P&L statements, balance sheets (along with all the schedules) and capital account statements, certified by a C.A
• Latest 2 years audit reports
• For self employed, the turnover should be more than Rs 1 Crore.
• For self employed professionals, the gross receipts should be more than Rs 25 Lakh, and bank statements of the primary bank account for the last 6 months.

List of Financial Documents for Partnership firms:

• Partnership deed

List of Financial Documents for Private limited firms:

• Shareholding pattern or memorandum and articles of association, attested by a C.A.
• List of directors

Note: The list of home loan documents mentioned above are indicative in nature. Standard Chartered Bank may ask its loan applicants to submit additional documents depending on their requirements and the applicant’s profile.

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Standard Chartered Bank Home Loan EMI Calculator

FAQs on Standard Chartered Home Loan

1. Who can become a co-applicant of Standard Chartered Bank Home Loan?
Ans. Your spouse, parents or children can become co-applicants for availing Standard Chartered home loans. Siblings can also be co-applicants provided they are also co-owners of the property. Borrowers can also include proprietorship and partnership firms, private limited and closely held limited companies as co-applicants.

2. Is the processing fees for availing Standard Chartered Home Loan refundable?
Ans. No, the lender will not refund the processing fees.

3. How can you apply for Standard Chartered Home Loans?
Ans. Prospective applicants can either visit Standard Chartered Bank’s website, get in touch via the phone banking number, send an email to customer.care@in.sc.com or visit the bank branch to apply for the home loan.