Standard Chartered Bank Loan Against Property

Disclaimer: Standard Chartered Bank is not a Paisabazaar partner for loan against property 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 loan against property. No offers/services from Standard Chartered Bank are being provided by Paisabazaar for loan against property. For further information about Standard Chartered Bank for loan against property, users are required to reach out directly to Standard Chartered Bank.

Standard Chartered Bank LAP Highlights
Interest Rate	As per the applicant’s credit profile
Loan Amount	Up to Rs 10 crore
LTV Ratio	Up to 70% of property’s market value
Tenure	Up to 15 years
Processing Fee	Up to 1% of loan amount

Standard Chartered Bank Loan Against Property Interest Rates

Standard Chartered Bank has not disclosed the interest rates offered to its Loan Against Property applicants. However, the lender may factor in the monthly income, credit score, tenure, employer’s profile, etc. of its applicants while setting its loan against property interest rates, just like many lenders do.

Compare Interest Rates on Loan Against Property for Top Banks & HFCs

Name of the Lender	Interest Rate (% p.a.)
State Bank of India	9.20-10.50	Apply Now
Bank of Baroda	10.85-18.35	Apply Now
PNB Housing Finance	9.25-15.00	Apply Now
IDFC First Bank	9.00-16.50	Apply Now
HDFC Bank Limited	9.50-11.00	Apply Now
L&T Housing Finance	9.50 onwards	Apply Now
LIC Housing Finance	9.50-11.55	Apply Now
Godrej Housing Finance	9.75 onwards	Apply Now
ICICI Bank	10.85-12.50	Apply Now
Tata Capital	9.00 onwards	Apply Now
Axis Bank	10.50-10.95	Apply Now
Punjab National Bank	10.15-14.00	Apply Now

Standard Chartered Bank Loan Against Property Eligibility

Standard Chartered Bank offers loan against property to salaried and self-employed applicants. While the bank has not disclosed its loan against property eligibility criteria in detail, the lender may consider the age, monthly income and credit score of its applicants while evaluating their eligibility, just like other lenders do.

Documents Required for Availing Standard Chartered Bank Loan Against Property

The list of documents required to avail LAP from Standard Chartered Bank is mentioned below:

• Identity Proof
• Address Proof
• Age Proof

Income Documents-

For Salaried Individuals-

• Salary slips for 2 months
• Latest Form 16
• Bank statement for last 3 months

For Self-employed Individuals/Professionals-

• IT returns for last 2 years and income computation of firms and individuals
• P&L statement for last 2 years, balance sheet, Capital Account Statements certified by a CA
• Audit reports for last 2 years (for self-employed: turnover above Rs 1 crore; for self-employed professionals: gross receipts above Rs 25 lakh)
• Bank statement for primary account for last 6 months
• Partnership deed for partnership firms
• For private limited firms- list of directors, shareholding patterns and Memorandum and Articles of Association attested by CA

Property Documents-

• Copy of property papers (first and last page should be self-attested)
• Sanction letter of existing home loan
• Original list of documents held by Competition bank
• B&C can be provided prior to loan disbursal
• Latest outstanding of the loan sought to be bought over
• Other declarations of existing loan

Standard Chartered Bank LAP Fees and Charges

Particulars	Charges
Processing Fees	Up to 1 % of loan amount
Part prepayment fees	For part prepayment less than 25% of outstanding principal- NIL For part prepayments greater than 25% of outstanding principal- 4% of entire amount being paid
Pre-closure Fees	4% of outstanding principal