Standard Chartered Home Loan EMI Calculator

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Standard Chartered Bank Home Loan EMI Calculator

Last Updated 21st Oct 16

Standard Chartered Home Loan - Lowest EMI is Rs. 922 per lakh

  • Get monthly EMI as low as Rs. 922 per lakh with Standard Chartered Bank now offering home loans with loan tenure upto 20 years.
  • Lowest home loan interest rate currently offered by Standard Chartered Bank is 9.35%, for which the EMI per Rs. 1 lakh loan amount comes to Rs. 1,035 for a 15 year loan and Rs. 922 for a 20 year loan. Check the EMI for other tenures using the Standard Chartered Bank home loan EMI calculator on this page.

Home Loan EMI Calculator Standard Chartered Bank

Standard Chartered Bank Home Loan EMI Calculator

Standard Chartered Home Loan EMI

  • Home Loan EMI (or equated monthly instalment) is a fixed amount of money paid by you to Standard Chartered Bank against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
  • With Standard Chartered Bank offering Home Loans with loan tenure upto 30 years, the loan EMI can be as low as Rs. 922 per lakh, to make it more affordable and convenient to meet your needs. Lowest Rate of interest offered by Standard Chartered Bank on Home Loan is 9.35%. You can check EMI for other tenures using our Standard Chartered Bank Home Loan EMI calculator.
  • Loan Tenure
    Loan Amount (Rs.) 15 years20 years30 years
    2,500,000 25,88023,05920,748
    5,000,000 51,76046,11841,497
    7,500,000 77,63969,17762,245
    10,000,000 103,51992,23682,993
  • This EMI consists of both interest payment and principal repayment. Though the EMI amount will remain constant, the principal component keeps increasing and on the other hand the interest component keeps reducing.

Standard Chartered Home Loan EMI calculator formula

P*r* (1+r)^n/([(1+r)^n]-1)
Here is an illustration of how Standard Chartered Bank Home Loan EMI is calculated:
In above formula,
P = Loan amount. This can range from Rs. 1,000,000 to Rs. 150,000,000
r = Rate of interest per month. Current rate is 9.35%, which is linked to 6 Month MCLR, last revised on 07th Oct 16
n = tenure in month. For Standard Chartered Bank, this can be 360 months

Will the Standard Chartered home loan EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

  • Typically, the home loan EMI remains unchanged unless the customer requests for a change and the same is approved by Standard Chartered Bank subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI)
  • In case the floating rate of interest on your home loan increases, Standard Chartered Bank will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case the interest rates increase to an extent that the revised loan tenure is more than the maximum permissible by Standard Chartered Bank, the bank may increase your EMI amount.
  • For partly disbursed loans availed under tranched EMI scheme, your loan EMI will increase with each disbursement.

Will home loan EMI change in case of prepayment?

  • Standard Chartered Bank allows prepayment at nil charges or penalty in case of floating rate home loans.
  • When you make a prepayment, the outstanding principal amount on your home loan reduces. In this case, you may choose to either keep the EMI the same and reduce the loan tenure (that is pay off the loan faster) or reduce the EMI and keep the loan tenure the same (that is pay lesser amount every month). It is beneficial to keep the EMI constant and reduce the loan tenure as you pay less interest to the bank in this option.
*My Finance Care Advisors Pvt. Ltd., or is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.
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Standard Chartered Home Loan EMI Calculator News - Oct 2016
04th Aug 16 Standard Chartered India loss narrows to 25 million dollar in H1
Standard Chartered Bank narrowed its losses in India to 25 million dollar in the first six months of 2016. The bank earned 25 million dollar loss in the first half of this year which is lower than the 276 million dollar loss it reported in the corresponding period last year. Globally, however, the bank earned a 1 billion dollar profit with 13% drop in operating cost in the first half of the current year.
06th Jun 16 Standard Chartered to hire people to build up retail lending segment
Standard Chartered Bank plans to step up recruitment in India in the next few quarters as part of efforts to build up the lucrative but competitive retail lending segment to return to growth. The new staff will be mostly from rivals with experience in front end operations to help build relationships quickly, launch new products and get new clients in areas like wealth management. The bank plans to expand the its retail book with mortgages, personal loans and lending to small entrepreneurs through its network of branches in India. The bank will also invest in technology in the front and back ends, especially in mobile and online banking as part of this retail thrust.
09th Mar 16 Standard Chartered makes retail banking paperless
Standard Chartered Bank announced the global launch of a digital tablet-based sales-and-service tool that brings the bank to clients. Seamlessly integrated with the Bank back end infrastructure, Retail Workbench will allow sales staff to open an account for a client in any location and makes banking services like loan approvals and credit card issuance fast, simple and completely paperless. Retail Workbench is now going live in six markets in Malaysia, India, the UAE, Bangladesh, Nigeria and Kenya and is a part of the bank last year announcement that it will invest 1.5bn dollar in technology over three years
24th Feb 16 StanChart India posts Rs 6729 Cr loss
Standard Chartered Bank, one of the largest foreign banks in India, has posted a loss in 2015 due to rising bad loans and slow growth in loans and deposits
18th Nov 15 Zarine Daruwala quits ICICI Bank to join Standard Chartered
SCB, which faced losses this year due to rising bad loans, has appointed Zarin Daruwala of ICICI Bank as its India CEO