• Home Loan BYTES FROM OUR KITCHEN

    Standard Chartered Bank Home Loan

    Standard Chartered Bank Home is a housing loan that is open to all individuals irrespective of their income. Coming with a high financing margin and competitive interest rates, this facility is designed to suit the house financing needs of its user.

    Interest/Profit Rates

    The following table consists of the interest rates associated with Standard Chartered Bank Home Loan:

    Financing Tenure Available Financing Margin Base Rate
    Up to 30 years Up to 90% of the property’s price. 3.77% p.a.

    Fees & Charges

    The following table contains the fees and charges associated with Standard Chartered Bank Home Loan:

    Processing Fee For loans up to RM30,000: RM53.
    For loans from RM30,000 to RM100,000: RM106.
    For loans more than RM100,000: RM212.
    Late payment charges 1% p.a. of the amount of overdue instalment.
    Request for issuance of redemption statement RM53 per request.
    Request for issuance of confirmation letter to EPF RM21.20 per request.
    Early redemption fee 2% on the total approved loan amount.

    Housing Loan Schemes by Standard Chartered

    • Standard Chartered Conventional Housing Loan
    • Standard Chartered MortgageOne

    Eligibility Criteria

    Let’s take a look at the eligibility criteria for Standard Chartered Bank Home Loan:

    Nationality Criterion Malaysian citizens and foreigners working in Malaysia
    Age Criteria Minimum age: 21 years Maximum age: 65 years (depending on the plan)
    Income Criteria As per the bank’s discretion

    Documents Required

    • For Salaried Applicant:
      • A copy of NRIC (both sides) or passport.
      • Booking receipt or sale and purchase agreement/title.
      • Copy of the latest salary slip and bank statement for the recent month.
      • Borang B/BE or latest EPF statement.

     

    • For Salaried Applicant Working Abroad:
      • A copy of NRIC (both sides) or passport.
      • Sale and purchase agreement/title or booking receipt.
      • Any of the following salary confirming documents: Bank statement and salary slips for the last 3 months, latest CPF statement, or tax assessment form from the country where the applicant is working.

     

     

    • Self-employed Individuals (Sole Proprietors And Partners In A Partnership):
      • A copy of NRIC or passport.
      • Sale and purchase agreement/title or booking receipt.
      • Form 9, 24, 49 for private limited companies.
      • Business registration form for partnerships and sole proprietorships aging more than 2 years.
      • Audited balance sheet and profit and loss sheet.
      • Latest EPF statement or bank statement for the last 6 months or latest Borang B/BE.

     

     

    • Commission Earners:
      • One copy of NRIC or passport.
      • Sale and purchase agreement/title or receipt of booking.
      • Commission statement and bank statement for the 6 latest months.
      • EPF statement or CPF statement (if working abroad).
      • Tax assessment form from the specific country of work (if working abroad).

     

     

    • Non-Malaysians Working In Malaysia:
      • A copy of passport.
      • Sale and purchase agreement/title or booking receipt.
      • A valid work permit.
      • Bank statement for the 3 latest months.
      • Tax assessment form from the specific country.

     

    Types Of Standard Chartered Bank Home Loan

    • Conventional Housing Loan: The Conventional Housing Loan plan by Standard Chartered Bank provides customers with a control on monthly repayment and is open to all individuals.
    • MortgageOne: This is a relatively lower cost mortgage plan by Standard Chartered Bank that comes with a low interest rate and flexible redraw.
    • Mortgages Home Suite: The Home Suite plan by Standard Chartered Bank provides customers with a selection of loans to choose from with high margins of financing. It also comes with a credit card with exclusive privileges and a current/savings bank account.

     

    Features & Benefits

    Let’s take a look at the features and benefits associated with Standard Chartered Bank Home Loan:

    • The Standard Chartered Bank Home Loan comes with a high range of financing, i.e. up to 90% of the price of the property.
    • Customer can get a control over the monthly repayment with the fixed and flexible instalment modes available with this facility.
    • The facility comes with a repayment tenure of up to 30 years.
    • The package is open to all individuals.
    • The funds available with this loan facility come at a competitive interest rate.

    How To Apply

    • Offline Application: Customers can put in their request for Standard Chartered Bank Home Loan at the nearest Standard Chartered Bank branch or reach out to the bank via its customer service numbers.
    • Online Application: The Standard Chartered Bank Home Loan application can also be completed on the official website of the bank. The applicants need to fill the Standard Chartered Bank Home Loan application form available online and submit it along with the supporting documents.

     

    Contact Number

    To know further details regarding the Standard Chartered Bank Home Loan, customers can reach out to the bank via the following contact numbers of the bank: 603- 603-7651 8687 / 603 - 7651 8585 /  603 - 7651 8586.

    FAQ's

    Q. Who can apply for MortgageOne package?

    A. Any Malaysian citizen who wants to buy an under construction or completed residential property or refinance a completed residential property can apply for MortgageOne package.

    Q. What does the redraw facility with the loan signify?

    A. The redraw facility lets you withdraw funds from the loan amount for personal use.

    Q. How is the monthly repayment instalment calculated with Standard Chartered Bank Home Loan? Is there a limit on the monthly instalment?

    A. The monthly repayment is calculated on the basis of the loan amount approved, financing period, and interest rate. The monthly repayment cannot be more than 40% of the monthly salary of an applicant.

    Q. I’m a 55 year old Malaysian citizen. How much financing tenure I can get with my Standard Chartered Bank Home Loan?

    A. The maximum financing tenure you can get with Standard Chartered Bank Home Loan is 10 years.

    Q. What is the maximum range of funds one can get with this facility?

    A. The maximum range of funds available with this loan facility depends upon the income and other financial commitments of the applicant.

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