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Standard Chartered Bank Loan Against Property
Standard Chartered Bank Loan Against Property
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Standard Chartered Bank Loan Against Property
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Standard Chartered Bank Loan Against PropertyHere are a few factors
| Location | All Metro Cities |
| CIBIL Score | 700+ |
| Applicant | Any Self Employed |
| Applicant Age | 21 Year to 65 Year |
| Loan Amount & Tenure | 30
Lac- 25 Cr ( 3 Year to 15 Year) |
| Login Fees | 5900 |
| Rate of Interest & Type | 9%-12% (Reducing) |
| TAT | 10 days |
| Processing Fees | 0.50%-1%% |
| Foreclosure Charges | If Udhyam Registration then Nil after12 month else upto 4% |
| Insurance | 0%-4% |
| Minimum Business Vintage | 3 Year |
| Lock In Period | 12 Month |
| Part Payment Allowed | Yes |
| LTV | (i)
Residential-75% (ii) Commercial-70% (iii) Industrial-50% (iv) If Residential Property is rented/vacant-LTV will be 10% less (v) If Commercial Property is vacant/rented/purchase-LTV will be 10% less |
| Product | (i) Fresh Loan (ii) BT+Topup (iii) Commercial & Industrial Purchase (iv)LAP+OD Product |
| Program | (i) Banking Program-5 Cr (ii) Income Program-30 Cr (iii) GST Program-5 Cr (iv) Lease Rental Discounting-30 Cr |
| FOIR | 80% of Cash Profit |
| Cautious Profile | No Cautious Profile |
| Negative Profile | (i) Salaried Applicant (ii) Politician (iii) Jewellers (iv) Real Estate (v) Applicant living in dominated area |
| Funded Property | (i)
Approved Residential Property (ii) Approved Commercial Property (iii)Approved
Industrial Property (iv)Approved Mall & Commercial Complex Property |
| Negative Property | (i)
Unapproved Property (ii) Without MAP Property (iii) Lease hold Property
without PTM (iv)Stand Alone Basement (v) Auction Property (vi) Demolition List Property (vii) Lal Dora Property (viii) Khasra & Khatauni Property (ix) Subject to Sale Deed Property (x) GPA Property (xi) Gift Deed Property (xii) Single Sale Deed Property (xiii) Legal & technical not clear (xiv) Stone Slab Property (xv) Hotel & Restaurent (xvi) Hospital & Nursing Home (xvii) School (xviii) Multi Tanented Unit (xix) Regularized Colony |
| Accepted Collateral | Other than Negative Property |
| Specific Property wise Funding Limit | No |
| Any Specific Product for Professionals | No |
| USP | LTV upto 90% |
Standard Chartered Bank Loan Against Property EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 9 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,745 |
| Total Interest | ₹ 4,942 |
| Loan Amount + Interest | ₹ 104,942 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 24,165 | ₹ 2,070 | ₹ 26,235 | ₹ 75,835 | 24.16 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 75,832 | ₹ 2,873 | ₹ 78,705 | ₹ 3 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for Standard Chartered Bank Loan Against Property
Salaried income documents
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KYC of applicant & Co-Applicant
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Last 3 Month Salary Slip of Applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant & co-applicant
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Appointment letter of applicant if available
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
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2 Reference with contact details
Self Employed person documents
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
3. If applicant is professional, then his professional degree is required
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