Leading Global Bank with Over 150 Years of Excellence
What you need to know about this loan:
- Loan Amounts Offered: Up to 75% financing of the property’s value
- Loan Terms (monthly): Up to 25 years financing tenor
- Payment Methods: Hybrid and floating financing options
- Interest Rate: Starting at 1 Year KIBOR + 3.00% to 4.00% depending on employment status
Pros
- Zero Processing Charges: No fees for loan processing.
- Flexible Pricing Options: Choose between hybrid or floating rates to suit your financial strategy.
- High Financing Limit: Finance up to 75% of your home’s value.
- Long Tenure: Up to 25 years to repay, making monthly payments more manageable.
- Balance Transfer Facility: Transfer your existing home finance to Standard Chartered for better rates.
Cons:
- Limited City Availability: Only available in Karachi, Lahore, and Islamabad/Rawalpindi.
- No Financing for Under Construction Properties: Limited to existing homes and renovations/extensions.
Why Choose Standard Chartered for Your Loan?
Compared to Habib Bank Limited, Standard Chartered charges zero processing fees, reducing upfront costs for customers.
MCB’s fixed-rate loans are less flexible than Standard Chartered’s hybrid and floating rates, allowing for more potential savings.
Allied Bank offers a shorter tenure, making monthly payments less manageable compared to Standard Chartered’s 25 years max tenor.
UBL has generally higher average interest rates, making Standard Chartered’s competitive starting rates more appealing.
Bank Alfalah’s home finance is less appealing with Standard Chartered’s balance transfer facility, offering better migration options at lower rates.
How to Apply for Your Standard Chartered Home Loan
Follow the simple steps to secure the keys to your dream home. Click here to get started now!