Home Loan from Standard Chartered Bank
About Standard Chartered Bank:
Standard Chartered’s Wholesale Banking business is here for corporate and institutional clients for the long run. Spanning more than 70 countries, we provide a wide range of solutions to facilitate commerce and finance across some of the fastest growing markets and trade corridors in today’s global economy. Standard Chartered Wholesale Banking builds on over 150 years of banking experience in Asia, Africa and the Middle East. In fact, we’re the only international bank with over 90 per cent profits generated from these areas. Standard chartered excellent local knowledge of attractive growing markets around the world consistently places us in the top three providers for our clients’ wholesale banking needs. Known as ‘The banker’s bank’, we are recognized for our unmatched on-the-ground expertise and relationship-focused approach to business. Standard chartered some type of Loan product facility of Home Loan from Standard Chartered Bank.
Home Loan from Standard Chartered Bank:
Standard Chartered Home Loan provides attractive financing for a new house or an apartment. You can also avail Standard Chartered Bank Home Loan for renovation, face lift extension and furnishing work in your existing house or apartment. Building profitable and socially responsible financial institution focused on Market and Business with Growth potential, thereby assisting of Standard Chartered Bank so Home Loan is built of life to any person.
Home Lone for Special Benefits:
● Fast loan approval process
● No personal guarantee or cash security required
● Early settlement and partial prepayment options
● Option to avail home loan in installments, based on the amount of down payment arranged at every step
Eligibility of Home Loan from Standard Chartered Bank:
● Professional Experience: At least three years of service/ professional/ business track records
● Income: Minimum monthly income of BDT 25,000
● Minimum Age: 25 years
● Maximum Age: 65 years at the end of the loan tenure or retirement age for service holders (whichever is earlier).
Flexible of Home Loan Features:
● Loan tenure of up to 25 years
● Loan amount up to BDT 10,000,000
● Financing available for up to 70% of property value
● Loan takeover facility available; no processing fee is charged on takeover loans
Repayment of Home Loan:
● Repayment by Equated Monthly Installments’ (EMI)
● Interest calculated on monthly reducing-balance basis
Security of Home Loan:
● Registered mortgage in favour of Standard Chartered Bank, or equivalent securitization under Tripartite Agreement or Four party agreement
Mortgage Reducing Term Assurance (MRTA) of Home Loan:
Standard Chartered Bank Home Loan comes with a very attractive credit-life insurance bundle scheme called Mortgage Reducing Term Assurance (MRTA). The insurance coverage is provided by one of the best life insurance companies around. Moreover, we can finance the insurance premium along with your home loan.
MRTA insures your Home Loan against your death or permanent total disability, relieving you and your family of the burden of the loan in the event of any such unforeseen circumstances. Your dream home will be there for your family, forever.
Processing Fees of Home Loan:
● Loan Processing Fee: 1.5% of the loan amount + 15% VAT on processing fee
Accessible of Home Loan from Standard Chartered Bank:
● For more information on Home Loans, please call out 24 hour contact center, SMS ”HOME” to 2727 or visit your nearest Branch or Kiosk of Standard Chartered Bank.
Reference by: Standard Chartered Bank Home Loan