Home Credit

Your home is undoubtedly your most treasured asset. That is why its maintenance and upkeep is of utmost importance. So while you invest in its renovation / extension, let us take care of all your expenses. This facility not only limits to home renovation / extension but also suffices for medical and educational needs.
Standard Chartered Home Loans gives you the unique feature of reducing you principal balance through partial and full pre-payments. This allows you to reduce your overall mark-up costs as and when you have access to additional funds. 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.
Loans against owner-occupied residential property for pre-defined purposes of home improvement / renovation, financing of education or for medical treatment.

Special Features
Exclusive features available on Home Credit:
Loan amount of up to PKR 10,000,000 to fulfill your requirements
Repayment tenor ranging from 1 to 10 years
Loan to value maximum of up to 60 % of the property value
Minimum Net Income as low as PKR 20,000 per month
Markup rates for Mortgage Loan for Salaried is 17.00% & Self-employed is 17.50% per annum
To avail higher loan amount Standard Chartered Home Loans offers you the option of clubbing the income of your spouse and blood relative

Minimum age of the primary borrower should be >=25 years PKR. Incase of co-borrower the secondary borrower should be either >=21 if income is being clubbed or >= 18 if income is not being clubbed
Maximum age should be <=65 or retirement age at the time of maturity of the loan 1, 3, 5, 10 years floating rates and fixed rate option is also available Financing of property with value as low as PKR 800,000 Life and Property Insurance from the best companies and at the lowest insurance rates to safeguard your interests Processing fee is PKR 2,500 <= 1MM and PKR 35,00 > 1MM for approved and PKR 6,000 for unapproved / Self-employed / businessmen respectively.
Appraiser and Legal fees is PKR 4,000 and PKR 3,000 respectively

Documentation

Completed application form
NIC copy
1 recent picture
Property documents against which the loan is required
Employee Confirmation Certificate by authorised signatories for Salaried
Proof of business for Self-employed
Last salary slip & 3 month bank statement for approved company
6-month bank statement for Self-employed/unapproved companies OR Latest Tax Documents
Processing, Legal and Appraisal charges

Business Finance

Standard Chartered Business Finance provides you with all the support for your business that allows you maximum flexibility and convenience. At Standard Chartered we believe that your business is important to you. We realise the need for your business to run in a smooth and efficient manner. That is why we are dedicated to providing you with all solutions to empower your business.
Business Finance is a revolving / installment facility against owner-occupied, residential property and is renewed on a yearly basis. This facility is extended for purchase of business assets, working capital financing and business expansion needs.

Special Features
Unique features available on Business Finance:
Loan amount from Rs. 500,000 to Rs. 10,000,000 with annual line renewal
Loan to value maximum of up to 60 % of the property value
Minimum Net Income as low as Rs. 40,000 per month
To avail higher loan amount SCB 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
Maximum age should be <=65 or retirement age at the time of maturity of the loan Financing of property with value as low as Rs. 1,000,000 Life and Property Insurance from the best companies and at the lowest insurance rates to safeguard your interests Processing fee is Rs. 5,000 for Self-employed / businessmen Appraisal, Legal and Renewal fees is Rs. 4000, Rs. 4000 and Rs. 5000 (or 0.125 % of line amount, whichever is higher) respectively SCB provides you with the opportunity of repayment through; monthly installments or interest payments on monthly basis with principal repayable on demand Maximum age should be <=65 or retirement age at the time of maturity of the loan Financing of property with value as low as Rs. 1,000,000 Life and Property Insurance from the best companies and at the lowest insurance rates to safeguard your interests Processing fee is Rs. 5,000 for Self-employed / businessmen Appraisal, Legal and Renewal fees is Rs. 4000, Rs. 4000 and Rs. 5000 (or 0.125 % of line amount, whichever is higher) respectively SCB provides you with the opportunity of repayment through; monthly installments or interest payments on monthly basis with principal repayable on demand Documentation

Completed application form
NIC copy
1 recent picture
Property documents for which loan is required
Proof of business for Self-employed
Last 6-months bank statement for Self-employed
3 undated Cheques

Processing, Legal & Appraisal charges
Profit & Loss Statement and Balance sheet for partnership and Pvt Ltd.
Bank statement for proprietorship concern
Last 2 years tax return is mandatory
Spouse consent
Detailed call memo containing customer’s business activities


For Further Details
Please Call

24 hour helpline
111-002-002
0800-44-444