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 |
Table of Contents
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 | 10.00-11.30 | |
| Bank of Baroda | 10.85-18.60 | 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 | 10.40-12.75 | Apply Now |
Check Lenders Offering Home Loan With Overdraft Facility Click Here
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
Check Lenders Offering Home Loan With Overdraft Facility Click Here
Standard Chartered Bank LAP Fees and Charges
| Particulars | Charges |
| Processing Fees | Up to 1 % of loan amount |
| Part prepayment fees |
|
| Pre-closure Fees | 4% of outstanding principal |