Standard Chartered Eligibility Calculator

Standard Chartered Eligibility Calculator

Details

• We guarantee we’ll provide you with a decision about your mortgage application in 5 days or less, or you will receive a Rs. 5,000 refund*
• Standard Chartered offers loans for salaried and self-employed individuals with a wide range of tenure, from 5 years to 20 years

* Terms and Conditions apply.

Additional Benefits

Insurance Products

• Home Loan Protector
  
  Home Loan Protector is a product, which protects your family from the burden of repayment of the home loan in the unfortunate event of your death.
  
  Life Insurance Disclaimer:
  Standard Chartered Bank, India is a licensed Corporate Agent of Bajaj Allianz Life Insurance Company Limited vide composite license number ABL : 1096736. The insurance plans of Bajaj Allianz Life Insurance Company Limited are underwritten and issued by Bajaj Allianz Life Insurance Company Limited. Claims will be settled by Bajaj Allianz Life Insurance Company Limited as per the terms and conditions of the policy.. For more details or risk factors, terms and conditions, please read the sales brochure carefully (or refer to the policy wordings), before concluding a sale. Please refer policy document for exact terms and conditions and specific details applicable to the Insurance Policy. Standard Chartered Bank does not accept any responsibility nor gives any warranty, express or implied, as to the accuracy, reliability and completeness of any statement made in or the omission of any provisions of the contract of Insurance and the Bank does not accept any liability for loss or damage of whatsoever nature, which may be attributable to your application, its receipt, payment of claims under it or the contract of Insurance. Your participation in this insurance product is purely on a voluntary basis. We advise you to take your own professional advice before you participate.
  Insurance is the subject matter of solicitation.
• Home Protector
  
  HHP plan combines property and home content insurance in one policy. You can choose to take insurance for combinations of these components or for a single component. Home contents offers insurance for the belongings of the customer inside the house. Home Protector covers the property from damage due to natural calamities.
  

Refinance your loan

• Transfer your existing high interest loan to a lower interest Standard Chartered Bank home loan (as per the applicable current rates) and save on interest. We will also finance the prepayment charges if you so wish.

Tax Benefits

• Interest paid on the Home Loan,
  
  As per Sec 24(b) of the Income Tax Act, 1961 a deduction up to Rs. 150,000/- towards the total interest payable on the home loan towards purchase / construction of house property can be claimed while computing the income from house property. (The deduction amount is Rs 30,000/- in case of loans taken prior to March 1, 1999). The interest payable for the pre-acquisition or pre-construction period would be deductible in five equal annual instalments commencing from the year in which the house has been acquired or constructed.
  
  In case of self-occupied property, this deduction is allowed only for one such self-occupied property. The interest towards home loan taken for purchase, construction, repairs, renewal or reconstruction of house property is eligible for deduction under section 24(b).


• Principal repayment of the Home Loan
  
  As per Section 80C read with section 80CCE of the Income Tax Act, 1961 the principal repayment up to Rs. 100,000 on your home loan will be allowed as a deduction from the gross total income subject to fulfilment of prescribed conditions.

Top Up Loan

A Home Loan with Standard Chartered Bank lets you do more than just buy a home. We also offer our existing Home Loan customers a Top Up Loan, which is a loan facility over and above their existing loan. So, if you have taken a Home Loan with us and are now in need of additional funding, a Top Up Loan is the answer for you. Whether you want to buy a new home theatre system, renovate your home, or finance your child’s education, a top up on your Home Loan allows you to meet your needs at attractive interest rates.

Features

• A Home Loan customer who has been making repayments for more than 6 months is eligible to apply for a top up
• You can apply for a top up of up to 100% of the original loan amount disbursed*
• The top up tenure can be up to the outstanding tenure on your existing home loan

Advantages

• Lower Costs: Compared to other alternatives such as personal loans, a top up gives you a better deal when it comes to interest rates and processing fees, so you can leverage your existing home loan to help you save costs
• Convenient Repayment Plan: A Top Up Loan allows you to repay over a longer tenure compared to a personal loan, helping you to keep your monthly outflow low.
• You also have the option of transferring your existing loan to Standard Chartered Bank and availing a Top Up Loan along with the transfer. Call our phone banking lines now to learn more.
  * Other restrictions also apply