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Standard Chartered Loan Against Property EMI Calculator

Standard Chartered Bank Mortgage Loan EMI 2021

Last Updated 12th Jul 2021

Get monthly EMI as low as ₹ 1,081 per lakh on Standard Chartered Bank loan against property. Mortgage loan EMI in Standard Chartered Bank depends upon the type of property (residential, commercial, industrial), occupation (businessmen, self employed, salaried), loan amount, loan tenure and interest rate. Check Best Offers.

  • Use Standard Chartered Bank mortgage loan calculator to evaluate your EMI before applying for a loan.
  • Check Standard Chartered Bank property loan EMI for different tenures at the current rate of 10.10%
Loan Amount5 Year Loan7 Year loan15 Year loan
₹ 10 Lakh₹ 21,296₹ 16,653₹ 10,807
₹ 25 Lakh₹ 53,241₹ 41,632₹ 27,018
₹ 40 Lakh₹ 85,185₹ 66,612₹ 43,229
Apply for Loan Against Property @ 7.20%* Get upto ₹ 1,000* Cashback
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Loan Against Property EMI Calculator Standard Chartered Bank

You can calculate your Standard Chartered Bank loan against property EMI in advance to plan your expenses using a Standard Chartered Bank mortgage loan calculator. Standard Chartered Bank loan against property EMI calculator is an online tool that gives accurate results without hassle.

Why should you use Standard Chartered Bank Loan Against Property EMI Calculator?

  • Calculate the EMI at Different Tenures : With Standard Chartered Bank LAP EMI Calculator, you can compare the EMI on your loan against property with different loan tenures and loan amount. However, you must check the interest rate on Standard Chartered Bank loan against property to calculate the EMI. As per the current rates, Standard Chartered Bank offers the lowest EMI per lakh of ₹ 1,081 at 10.10 %
  • Compare Standard Chartered Bank LAP EMI : You can also get a precise estimate on your loan against property compared to other banks at the same loan amount and tenure by using Standard Chartered Bank loan EMI Calculator. On the basis of Standard Chartered Bank Loan against property EMI, you can choose the most affordable offer.
  • Get Detailed Amortisation Schedule : Standard Chartered Bank Loan against EMI Calculator helps you to calculate the division of total EMIs into interest and principal repayment at different periods throughout the loan tenure.
  • Calculate the Outstanding Balance : Finally, you can also use Standard Chartered Bank EMI Calculator to calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. Thus, it can help you reduce your loan tenure by prepayment or foreclosure or to avail loan at a lower rate with balance trasnfer.

Standard Chartered Bank Mortgage Loan EMI Calculator to estimate the EMI that fits your budget

To calculate the EMI against Standard Chartered Bank EMI loan against property at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the Standard Chartered Bank Loan against property EMI calculator. The table below shows the Standard Chartered Bank EMI calculation at the various combinations of loan amount and years at the lowest rate of 10.10%.

Standard Chartered Bank Loan against property EMI is calculated for different loan amounts and tenures at 10.10% interest rate

Loan Tenure
Loan Amount (Rs.)10 years15 years20 years
EMI on ₹ 15,00,000 ₹ 19,906 ₹ 16,211 ₹ 14,575
EMI on ₹ 25,00,000 ₹ 33,176 ₹ 27,018 ₹ 24,291
EMI on ₹ 40,00,000 ₹ 53,082 ₹ 43,229 ₹ 38,866
EMI on ₹ 60,00,000 ₹ 79,623 ₹ 64,844 ₹ 58,299

Factors Affecting Standard Chartered Bank Property Loan EMI

You can calculate Standard Chartered Bank EMI for your loan against property using an online LAP EMI Calculator, which considers factors such as loan amount, rate of interest and the tenure for which you are planning to avail the loan.

Loan Amount

If you apply for a higher loan amount, you will have to pay a higher EMI on loan against property. You can avail of Standard Chartered Bank loan against property for an amount ranging between ₹ 10,00,000 to ₹ 5,00,00,000.

Interest Rate

A higher interest rate increases your Standard Chartered Bank loan against property EMI, increasing the total cost of the loan. As per the current rates, Standard Chartered Bank provides loan against property at rates starting at 10.10%. Before applying for a loan, you must compare LAP rates and calculate EMI online using Standard Chartered Bank loan against property loan calculator.

Loan Tenure

Your EMI will be lower if you avail mortgage loan for a maximum tenure of 15 years, and similarly, you will have to pay a higher EMI if your tenure is shorter.

Comparison of Standard Chartered Bank Loan Against Property EMI with other Banks

Bank Name Interest rate Loan Amount of ₹ 10 Lakh Loan Amount of ₹ 30 Lakh Loan Amount of ₹ 50 Lakh
Standard Chartered Bank 10.10% ₹ 10,807 ₹ 32,422 ₹ 54,037
Federal Bank 10.10% ₹ 13,271 ₹ 39,812 ₹ 66,353
Standard Chartered Bank 10.10% ₹ 10,807 ₹ 32,422 ₹ 54,037
Indian Bank 10.50% ₹ 16,861 ₹ 50,582 ₹ 84,303
Dhan Laxmi Bank 10.60% ₹ 11,116 ₹ 33,348 ₹ 55,580
Andhra Bank 10.75% ₹ 13,634 ₹ 40,902 ₹ 68,169
United Bank of India 10.75% ₹ 16,991 ₹ 50,974 ₹ 84,956
Karnataka Bank 10.89% ₹ 11,297 ₹ 33,891 ₹ 56,485
OBC 10.95% ₹ 13,747 ₹ 41,240 ₹ 68,734
Lakshmi Vilas Bank 11.00% ₹ 13,775 ₹ 41,325 ₹ 68,875
Corporation Bank 11.35% ₹ 13,974 ₹ 41,922 ₹ 69,869

Standard Chartered Loan Against Property Amortization Calculator

The amortization schedule breaks the month-wise calculation of principal and interest amount you will be paying in the form of your EMIs. In simple words, with each month’s EMI, the share of interest and the principal amount keeps changing, while the former keeps on reducing the later keep on increasing. That’s why if you decide to prepay your loan in the first few years you will find out that you have paid a very small proportion of the principal sum. Let us understand this better with the help of an illustration.

Illustration: How to read an amortization schedule

Suppose you borrow a Loan Against Property of ₹ 20 Lakh from Standard Chartered for 10 years at an interest rate of 10.10%, the EMI calculated for this loan amount would be ₹ 26,541 and the total annual EMIs to be paid annually is ₹ 3,18,492. The Standard Chartered Loan Against Property EMI schedule for 10 years is explained below in the table –

Amortization Schedule for a Loan Against Property of ₹ 20 Lakh over the 10 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 99,761 ₹ 59,486 ₹ 1,59,246 ₹ 19,40,514
2022 ₹ 1,90,159 ₹ 1,28,333 ₹ 3,18,492 ₹ 18,12,181
2023 ₹ 1,76,580 ₹ 1,41,912 ₹ 3,18,492 ₹ 16,70,269
2024 ₹ 1,61,565 ₹ 1,56,928 ₹ 3,18,492 ₹ 15,13,342
2025 ₹ 1,44,960 ₹ 1,73,532 ₹ 3,18,492 ₹ 13,39,810
2026 ₹ 1,26,599 ₹ 1,91,893 ₹ 3,18,492 ₹ 11,47,916
2027 ₹ 1,06,295 ₹ 2,12,197 ₹ 3,18,492 ₹ 9,35,719
2028 ₹ 83,843 ₹ 2,34,650 ₹ 3,18,492 ₹ 7,01,069
2029 ₹ 59,014 ₹ 2,59,478 ₹ 3,18,492 ₹ 4,41,591
2030 ₹ 31,559 ₹ 2,86,933 ₹ 3,18,492 ₹ 1,54,658
2031 ₹ 4,588 ₹ 1,54,658 ₹ 1,59,246 ₹ 0

Each Standard Chartered Loan Against Property EMI consists of both amounts of interest as well as the principal repaid. The interest component of EMI goes down while the principal component goes up in both cases while doing the calculation.

As you assess the amortization table, you will find that by the end of 1st year 38.32% of your EMI has been used to repay the principal amount. This means that the remaining 61.68% of the EMI went into interest payment. Thus, you end up paying only 6.1% of the loan amount of ₹ 20 Lakh after paying 12 EMIs in the first year to Standard Chartered.

In year 10, the interest component of Standard Chartered EMI is around 5.26%, while the principal component is around 94.74%. Upto 10 years, you have cumulatively repaid 100% of your total Standard Chartered Loan Against Property.

Standard Chartered Bank Loan Against Property EMI for ₹ 10 Lakh

The following table shows EMI on Standard Chartered Bank loan against property for ₹ 10,00,000 for different tenures at an interest rate of 10.10%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 10.10% 5 Years ₹ 21,296
₹ 10,00,000 10.10% 10 Years ₹ 13,271
₹ 10,00,000 10.10% 12 Years ₹ 12,009
₹ 10,00,000 10.10% 15 Years ₹ 10,807

Standard Chartered Bank Loan Against Property EMI for ₹ 25 Lakh

The following table shows Standard Chartered Bank loan against property EMI for ₹ 25,00,000 for different tenures at an interest rate of 10.10%

Loan Amount Interest rate Tenure (Year) EMI
₹ 25,00,000 10.10% 5 Years ₹ 53,241
₹ 25,00,000 10.10% 10 Years ₹ 33,176
₹ 25,00,000 10.10% 12 Years ₹ 30,022
₹ 25,00,000 10.10% 15 Years ₹ 27,018

Standard Chartered Bank Mortgage Loan EMI for ₹ 30 Lakh

The following table shows Standard Chartered Bank loan against property EMI for ₹ 30,00,000 for different tenures at an interest rate of 10.10%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 10.10% 5 Years ₹ 63,889
₹ 30,00,000 10.10% 10 Years ₹ 39,812
₹ 30,00,000 10.10% 12 Years ₹ 36,026
₹ 30,00,000 10.10% 15 Years ₹ 32,422

FAQs

Will the Standard Chartered Bank Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

Standard Chartered Bank Loan against property may change as per the borrower’s financial ability or in case of floating rate of interests offered by the lender. The consequences of the change in Standard Chartered Bank LAP EMI are listed as follows:

  • Typically, the Loan Against Property 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 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 the extent that the revised loan tenure is more than the maximum permissible by Standard Chartered Bank, the bank may increase your EMI amount.

Will Standard Chartered Bank Loan Against Property EMI change in case of prepayment?

Similar to all loans, Standard Chartered Bank Loan against property also offers the prepayment facility to the loan borrowers. Prepayment of loan leads to certain changes as listed below:

  • When you make a prepayment, the outstanding principal amount on your property loan reduces. You may choose to either keep the EMI the same and reduce the loan tenure (enabling you to pay off the loan faster) or reduce the EMI and keep the loan tenure unchanged (thus paying a 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.
  • Note that Standard Chartered Bank may levy prepayment charges except on floating rate property loans sanctioned to individuals.

How does EMI calculator calculate Standard Chartered Bank Loan Against Property EMI?

Standard Chartered Bank Loan against property emi calculator is a reliable and time-saving tool to calculate the LAP EMI. It functions as follows:

  • EMI is calculated using a combination of the loan amount, loan tenure and interest rate.
  • Standard Chartered Bank mortgage loan calculator calculates EMI on a reducing balance basis and assuming payment of EMI in arrears (that is interest is charged for the month preceding the date of EMI payment on EMI date) and not in advance.

How much loan can I get against my property from Standard Chartered Bank?

You can avail of a maximum loan of ₹ 5,00,00,000, depending on the value of the property. However, the loan amount cannot be more than 70% of the property value. Standard Chartered Bank assesses the property before approving your mortgage loan application.

How to pay your Standard Chartered Bank Mortgage loan EMI Online?

You can pay the Standard Chartered Bank mortgage loan EMI by logging in to your net banking account as provided when availing of the loan using your savings account or debit/credit card. You can also visit the Standard Chartered Bank branch to submit the cheque of your EMI.

What is the EMI for ₹ 10 Lakh mortgage loan in Standard Chartered Bank?

To determine different EMI for different tenures, you can use a 10 lakh loan against property EMI Calculator. Consider this example for a better understanding.

Loan amount Interest rate Tenure EMI
₹ 10 Lakh 10.10% 5 years ₹ 21,296
₹ 10 Lakh 10.10% 10 years ₹ 13,271
₹ 10 Lakh 10.10% 12 years ₹ 12,009
₹ 10 Lakh 10.10% 15 years ₹ 10,807

How is Standard Chartered Bank loan against property EMI calculated?

You can calculate Standard Chartered Bank LAP EMI using the mathematical formula mentioned below or using an online Standard Chartered Bank LAP EMI Calculator.

  • E = [P x R x (1+R)^N]/[(1+R)^N-1] where
  • ‘E’ means Equated monthly instalments
  • ‘P’ means the principal amount
  • ‘N’ is the number of monthly instalments
  • ‘R’ is the interest rate per month.

What is the EMI for ₹ 20 Lakh Loan against property in Standard Chartered Bank?

To determine different Loan against property EMI Standard Chartered Bank for different tenures, you can use a 20 lakh loan against property Calculator, as reflected in the table below:

Loan amount Interest rate Tenure EMI
₹ 20 Lakh 10.10% 5 years ₹ 42,593
₹ 20 Lakh 10.10% 10 years ₹ 26,541
₹ 20 Lakh 10.10% 12 years ₹ 24,017
₹ 20 Lakh 10.10% 15 years ₹ 21,615

What is the EMI for ₹ 30 Lakh mortgage loan in Standard Chartered Bank?

To determine different Standard Chartered Bank EMI for different tenures, you can use a 30 lakh loan against property EMI Calculator.

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 10.10% 5 years ₹ 63,889
₹ 30 Lakh 10.10% 10 years ₹ 39,812
₹ 30 Lakh 10.10% 12 years ₹ 36,026
₹ 30 Lakh 10.10% 15 years ₹ 32,422

What is the EMI for ₹ 50 Lakh mortgage loan in Standard Chartered Bank?

To estimate Standard Chartered Bank EMI for different loans against property tenures, you can use a 50 lakh mortgage Calculator. The results are mentioned as follows:

Loan amount Interest rate Tenure EMI
₹ 50 Lakh 10.10% 5 years ₹ 1,06,481
₹ 50 Lakh 10.10% 10 years ₹ 66,353
₹ 50 Lakh 10.10% 12 years ₹ 60,043
₹ 50 Lakh 10.10% 15 years ₹ 54,037


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Standard Chartered Loan Against Property News - Jul 2021
  • 2021-04-07 : IIFL Home Finance signs co-lending agreement with Standard Chartered Bank
    IIFL Home Finance and Standard Chartered Bank have entered into a co-lending arrangement for extending credit. Under this agreement, IIFL Home Finance and the Standard Chartered Bank will co-originate these loans and the IIFL Home Finance will service the customers through the entire loan life-cycle including sourcing, documentation, collection and loan servicing.
  • 2021-02-22 : Standard Chartered digital initiatives bolstered bank loan and deposits portfolio
    Digital initiatives like Video KYC and Virtual credit card aided Standard Chartered Bank to increase its loan and deposits portfolio. The digital initiatives have helped Bank in providing efficient and seamless banking services to all its clients especially the new-age ones.
  • 2019-07-12 : Standard Chartered Bank revises MCLR rates across loan tenures
    Standard Chartered Bank has cut its Marginal Cost of Funds Based Lending Rate (MCLR) across loan tenures for the month of July. The move is supposed to make customer loans like home loans and mortgage loans cheaper. For one-year, the MCLR rate has been revised to 9.45%. For one-month and three months, the rate has been revised to 9.05% and 9.40% respectively. The rates are effective from July 8, 2019.
  • 2019-05-10 : Standard Chartered Bank revises MCLR rates across loan tenure
    Standard Chartered Bank has revised its Marginal Cost of Funds Based Lending Rate (MCLR) across all tenure for the month of May. The move is supposed to make retail loans like housing loans and mortgage loans cheaper. Now for overnight and one month the rate stands at 8.40% and 9.05% respectively. For 3 months, the rate has been revised to 9.40%. While for 1 year the rate now stands at 9.45%. The revised rates are effective from May 7, 2019.
  • 2018-11-16 : Standard Chartered Bank hikes Floating LAP rates
    Standard Chartered Bank has increased its floating Interest Rate on Loan Against Property (LAP) by 60 basis points. The new rate for Loan Against Property (LAP) is now 10.10%, which was 9.50% earlier. These rates are effective from November 9, 2018. There is no change in the processing fees.
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