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
