Salient features for a smooth Home Purchase experience for you:

• Repayment tenor of 1 to 20 years
• Loan to value up to 80 % 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 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
• 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 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

Q. How does SCB home purchase differ from SCB Home credit?

Home purchase is a facility to purchase a property for the purpose of owner occupation whereas home credit facilitates financing needs of existing home owners for the purpose of educational, medical and renovation.

Q. What is the price of a house?

It depends on the value, location and age of the property.

Q. Can I purchase commercial property?

No! SCB does not allow purchase of commercial property.

Q. Can I settle my loan early or make any partial payments?

Yes. You have the convenience to make partial or full prepayments at the time of loan re-pricing. E.g. for 1 yr re-pricing, annually

Q. What security and collateral does your bank require?

Original documents of owner-occupied, residential property.

Q. Is insurance necessary for SCB mortgage loan?

Yes, Property insurance is compulsory.

Q. Does SCB Home Credit pertain to home renovation only?

No, it can be availed for medical, educational and home extension and renovation purposes.

Q. What does the appraiser do?

The appraisal firm assesses and evaluates the true and correct value of the property.

Q. What is the lawyer’s job?

The lawyer’s job is to ensure that all legal documentation pertaining to the property is in place and it is free from all encumbrances. Hence, it ensures that there are no issues with the property being purchased by you.

Q. Why should I choose SCB Mortgages over any other bank’s mortgage facility?

Some of the reasons are listed here:

• Fastest turnaround time
• Longest tenor
• Attractive rate and widest pricing options
• Clubbing of family income
• Superior quality service
• Greatest value for the customer