Turn your dreams into reality with Standard Chartered Home Purchase. With Standard Chartered Home Purchase you can purchase residential ready property for the purpose of self-occupation.
Standard Chartered Home Loans gives you the unique feature of reducing your principal balance through partial and full pre-payments. For the convenience of our customers our highly skilled relationship managers make it an easy process. We will disburse your loan within 15 days, provided that all the relevant documents are submitted on time.
With Standard Chartered you can own a house to call it a home. Choose your dream home and let us do the rest!
Salient features of Standard Chartered
Salient features for a smooth Home Purchase experience for you:
• Repayment tenor of 1 to 20 years in monthly installments.
• Loan to value up to 60% of the property value
• Financing of up to PKR 30 Million
• Minimum Net Income as low as PKR 30,000 per month
• Markup rates for Mortgage Loan for Salaried is 1 year Kibor + up to 5% Margin
• To avail higher loan amount Standard Chartered Home Loans offers you the option of Clubbing the income of your spouse and blood relatives
• Minimum age of the primary borrower should be >=25 years. Incase of co-borrower the secondary borrower should be either >=21 if income is being clubbed or >= 18 if income is not being clubbed
• Processing fee is PKR 2,500 <= 1MM and PKR 3,500 > 1MM for approved and PKR 6,000 for unapproved / self-employed / businessmen respectively
• Appraisal charges are PKR 4,000 and Legal fee is PKR 3,000.
• Mode of repayment would be Standing Instructions from the customer’s account.
• Prepayment penalty fee up to 10% of the Outstanding Balance
