Standard Chartered Home Loan Interest Rates 2021

Today Standard Chartered Bank home loan interest rates are in the range of 7.99% to 7.99%, with special discounted rates for specific categories of borrowers such as women borrowers for whom the bank offers the lowest interest rate of 7.99%.

Below-mentioned are Standard Chartered Bank home loan rates for multiple housing schemes.

Standard Chartered Bank Home Loan Scheme	Interest Rates
Standard Chartered Bank Home Loan Floating	7.99%

The home loan interest rates in Standard Chartered for salaried & non-salaried employee is mentioned in the table below:

Home Loan Interest Rate for Self-Employed

Loan Amount	Rate
Upto ₹ 28 Lakh	7.99%
₹ 28 Lakh - ₹ 75 Lakh	7.99%
₹ 75 Lakh - 1.50 Cr	7.99%
Above ₹ 1.50 Cr	7.99%

Standard Chartered Bank, which is one of the leading Foreign Bank in the country offers the lowest home loan rate starting at 7.99%. There has been no change in the lowest interest rate of Standard Chartered Bank home loan interest rate for a long time and the interest rate continues to be in the range of 7.99% to 8.20%.

Standard Chartered Bank offers multiple home loan schemes at affordable interest rates. However, you must do comparison between Standard Chartered Bank and other bank’s home loan rates before applying:-

Particulars	Standard Chartered Bank	SBI	HDFC
Interest Rate	7.99% - 7.99%	6.70% - 7.05%	6.75% - 8.20%
Processing Fees	Upto 1.00% Min ₹ 5,000 Max ₹ 10,000	Upto 0.40% Min ₹ 10,000	Min ₹ 3,000
Loan Tenure	20 Years	30 Years	30 Years
Maximum Loan Amount	₹ 15 Cr	₹ 7 Cr	₹ 5 Cr
Age	21 - 65 Years	18 - 70 Years	24 - 65 Years
Benchmark Rate	3_month MCLR	RLLR	PLR
Lowest EMI Per Lakh	₹ 836 per lakh	₹ 645 per lakh	₹ 649 per lakh

Standard Chartered Bank home loan processing charges are upto 1.00% of the loan amount from its home loan customers to cover its expenses of conducting credit appraisal and technical evaluation of property. Standard Chartered Bank charges a minimum processing of ₹ 5,000 on home loan which is typically non-refundable and has to be paid at the time of loan application. In addition to processing fees, the bank also charges certain technical and legal charges which are explained to the customer during the loan process and are payable once the loan application proceeds further.

Processing Fees	Upto 1.00% of the loan amount; minimum processing fee of ₹ 5,000 to maximum fee of ₹ 10,000
Foreclosure Charges	Nil for floating rate home loans

Standard Chartered Bank home loan balance transfer facility is ideal for existing home loan customers, who are paying high interest to their existing lender. Through this facility, you can transfer your existing home loan to Standard Chartered Bank at a lower rate of interest, without closing the account. However, you do need to check the foreclosure charges that you have to pay to your existing lender if it is a fixed rate loan. Currently, Standard Chartered Bank offers the lowest home loan balance transfer rate of 7.99%.

Maximum Annual Percentage Rate (APR)

8.04% to 8.04%

Representative example of the total cost of the loan, including all applicable fees

Here is an illustration of the total cost of the loan: Total amount borrowed: ₹ 1,00,000 Time period: 5 Years to 20 Years Standard Chartered Bank Home Loan Interest Rate: 7.99% to 7.99% Processing Fee payable to: Upto ₹ 1,000 Fee payable to MyLoanCare: NIL Total Monthly Cost – From ₹ 836 for 20 Years ₹ 1,00,000 loan at 7.99% (lowest rate, longest time period) to ₹ 2,027 for 5 Years ₹ 1,00,000 loan at 7.99% (highest rate, shortest time period). This is inclusive of principal repayment. Annual Percentage Rate (APR) of charge including all applicable fees: 8.04% to 8.04% Total cost payable over loan tenure: ₹ 1,22,630 for 5 Years loan to ₹ 2,01,597 for 20 Years loan

✅What is Standard Chartered Home Loan Interest Rate?

Standard Chartered Home Loan interest rate ranges between 7.99% to 7.99%. The salaried borrowers with high credit score and income are eligible to get lower interest rates.

✅Has Standard Chartered reduced home loan rates?

Presently, Standard Chartered offers personal loans at an interest rate starting at 7.99%. There has been no change in personal loan rates of Standard Chartered for a long time and continue to stand at 7.99%.

✅Why should I opt for balance transfer to Standard Chartered Bank?

Standard Chartered Bank offers lowest Home Loan EMI of ₹ 836 per lakh availed at the lowest interest rate 7.99% for a maximum tenure of 20 years. you are paying an EMI more than ₹ 836 per lakh, you should consider the option for a loan transfer to Standard Chartered Bank from your existing bank.

• Floating rate on Standard Chartered Bank housing loan is linked to its 3 Month MCLR Rate, which is currently at 6.60%. When Bank offers a Home Loan at %, it applies a premium of -6.6% to its MCLR Rate to arrive at this Home Loan rate.
• When RBI increases rates, the bank may increase its MCLR rate and the applicable interest rate for all existing and new Home Loans would increase. When RBI cuts interest rates and the bank reduces the MCLR rate, the benefit of lower rates will have to be passed to both old borrowers and new house loan accounts.

✅What is the current Standard Chartered Bank Home Loan rate?

The current Standard Chartered Home Loan rate starts from 7.99% with a processing fee of Upto 1.00%, Minimum ₹ 5,000 and Maximum ₹ 10,000.Standard Chartered housing loan rate varies across the applicant’s eligibility and the scheme they opt for. Standard Chartered offers different home loan rates for different home loan products.

✅Can Standard Chartered Bank housing loan interest rate be negotiated?

Yes, if you have a good relationship with the bank and a high credit score, you can negotiate with Standard Chartered to lower the home loan rates.

✅What are the interest rates of home improvement loans in Standard Chartered?

You can avail of Standard Chartered home loans for home improvement at regular home loan rates starting at 6.65%.

✅Can Standard Chartered revise the home loan interest rates for their existing customers?

Standard Chartered home loan rates change for the existing customers if they have availed home loans at a floating rate of interest. The floating interest rates on home loans vary as per the change in market trends or in external benchmark rates such as the repo rate.

✅Does Standard Chartered offer a concessional home loan interest rate for women?

Yes, Standard Chartered offers special home loan interest rates for women. As against Standard Chartered home loan rates for male which is 7.99%, the home loan interest rate for women starts at %.

✅What is the Standard Chartered home loan rate of ₹ 25 Lakh for 15 years?

Standard Chartered home loan varies as per the loan amount. For home loan upto ₹ 25 Lakh, Standard Chartered provides home loan interest rate starting at 6.65%.

✅At what interest rate does an Standard Chartered employee get a home loan?

Standard Chartered offers concessional home loan rates of about 1% than the current home loan rates to Standard Chartered employees.

✅Is Standard Chartered Bank home loan a floating rate loan or fixed-rate loan?

Standard Chartered home loan is offered at both fixed and floating rate. In the case of the fixed rate, the interest remains the same whereas in the case of the floating rate the home loan rates keep varying according to the market.