Eligibility Requirements:
- Nationality: Pakistani & Non-Resident Pakistanis residing in Singapore, Malaysia, UAE, Bahrain
- Cities: Karachi, Lahore, Islamabad/Rawalpindi
- Age: 25 to 60 years (Salaried) & up to 65 years (Self-Employed)
- Income: Minimum PKR 300,000 per month
Standard Chartered Home Loan Application Steps:
- Gather Documents: Copy of Valid CNIC, Salary Slip/Bank Statement, Employment Letter.
- Check Eligibility: Ensure you meet the nationality, city, age, and income criteria.
- Choose Financing Option: Decide between hybrid or floating rates.
- Submit Application: Complete Standard Chartered’s application form.
- Approval & Processing: Await approval and start your financing journey.
Frequently Asked Questions
How long does it take to get approved for a Standard Chartered Home Loan?
The approval process typically takes 1-2 weeks, depending on the complexity of your application and the completeness of your submitted documents.
Is it required to explain why credit is being used?
No, Standard Chartered does not require a detailed explanation of how the loan will be used for home purchase or renovation.
Do I need to have a good credit score to be approved for Standard Chartered Home Loan?
While a good credit score can improve your chances, Standard Chartered also considers other factors such as your income and employment status.
Can I apply for a loan if I am self-employed?
Yes, self-employed individuals can apply, provided their monthly income is at least PKR 300,000 and they are under 65 years of age.