With the mounting real estate costs, buying a property has become harder than ever. But, in this fast-paced world, everyone needs some private space at the end of the day. A home loan will help you buy your dream property which will give you a sense of accomplishment. Since buying a home is a huge investment, taking a loan is a wise option than spending all your savings.
Standard Chartered home loan comes loaded with features like affordable interest rates, flexible tenures and exclusively crafted schemes to suit individual needs.
Atleast 21 years
Less than 65 years
Salaried / Self-employed
with regular income
Earn more than the minimum
EMI limited to about 50%
of monthly income
Loan capped @ 80% of property value
EMIs of other loans lower
Make your spouse a co-applicant,
and her income will add
to your eligibility
Choose longer tenure loan up to 30 years
Alternatively add your parents
|Margin of Finance||Up to 80%|
|Loan Tenure||5 years – 30 years|
A well-known British multinational banking and financial services company, Standard Chartered plays major role in most dynamic markets in the world. Standard Chartered has around 1700 branches in over 70 countries including South Asia, Middle East, Asia Pacific region and the Americas. The bank has been in the forefront of the Singapore financial scene for over 150 years. The first branch was opened in the year 1859 and received a Qualifying Full Bank license in 1999. Standard Chartered Singapore caters to the banking needs of its clientele by offering world-class investment and personal banking solutions.
A leader in home loan and mortgage portfolio, Standard Chartered Home Loans will duly assist you in securing your dream home without any hassles.
Standard Chartered home loans offer countless quality attributes that benefit the borrower, making the whole home loan process simple and hassle-free. All customers can apply easily through the bank’s web portal or directly by visiting the nearest Standard Chartered bank. The application requirements are minimal and up to 80% of the total property cost is financed. With a pioneer in home loan portfolio like Standard Chartered bank, customers can be assured of a peaceful property purchase experience.
To meet the different requirements of people, Standard Chartered has 4 types of home loan solution which are carefully designed to offer the best.
The interest rates for different home loan plans are as below.
HDB Bridging loans are offered at an interest rate of prime rate + 1.00% per annum. The prime rate is currently fixed at 5.75% per annum.
The interest rate for MortgageOne SIBOR is 1-month or 3-month SIBOR plus an additional bank margin. The deposits will earn an interest of 0.25% per annum.
Interest rates are subject to change at regular intervals of time. Enquire with Standard Chartered about the exact interest rates before applying for a home loan.
The MortgageOne SIBOR promotion offers you a great way to save when you finance your dream home. Standard CHartered helps you reduce your monthly interest rates by offsetting the home loan interest rate with the interest earned on deposits. The 12-month SIBOR promotional package helps you manage your finances efficiently, as under this offer, home loan interest rates change only once in twelve months.
Adding to the ongoing SG50 celebrations, Standard Chartered offers customers attractive rates on the MortgageOne SIBOR loan package. This promotion is valid until 31 August 2015.
|First Year||12-month SIBOR plus 0.50% (with a lock-in period)|
|Second Year||12-month SIBOR plus 0.75% (with a lock-in period)|
|Third Year||12-month SIBOR plus 1%|
|Fourth year and later||12-month SIBOR plus 1.25%|
Eligibility for the promotional offer
Refer a friend to apply for a Standard Chartered home loan and get a referral fee for the same. This offer is valid till 31 December 2015. For HDB flats and other private properties. Customers can earn referral rewards of 0.12% on the loan amount, without any cap. The referral amount will be credited to your Standard Chartered account.
The eligibility conditions vary depending on the type of loan scheme that you are applying for.
The eligibility criteria for HDB Bridging Loan is as follows.
The eligibility for Home Suite is as follows.
For other schemes, your loan application will be processed based on your annual income, the bank’s prevailing credit policy and the regulatory requirements. Do contact Standard Chartered for more information on the eligibility criteria for other home loan schemes.
The other financial products offered by Standard Chartered Singapore are as follows.
You can use the loan calculator available on the bank’s website to find out details about repayment. You have to input basic details like loan amount, tenure, initial mortgage deposit and monthly deposit amount as applicable. The calculator will project the repayment schedule.
You can make use of the simple home loan EMI calculator available on BankBazaar to find your loan amortization details.