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SCB Mortgage Loan in Chennai

Standard Chartered Bank offers mortgage loans at amazing competitive interest rates which makes it flexible for anyone to make use of their valuable property for mortgage loan and make immediate money to meet any emergencies. The mortgage loan offered by SCB is the multipurpose loan that can be easily taken against any commercial or residential properties. You can make use of the money for any purposes such as education, family holiday, marriage, medical expenses and many other reasons.

Features of Mortgage loan from SCB

  • You can expect up to 70% of the current market value of the asset or property you are going to provide against security
  • Application processes are easy, quick and simple
  • Speedy approval with minimum documentation
  • You can get up to Rs.5 crores of loan amount at attractive rates
  • No guarantors is required for the loan
  • Maximum loan tenure is up to 15 years
  • One time processing fee with no hidden charges
  • Both salaried and self-employed can apply for the mortgage loan
  • The tenure period can be chosen any term between 5 years and 15 years
  • You can transfer the high interest existing loan to SCB at lower interest rate, especially home loan

Eligibility for Mortgage Loan from SCB

  • The applicant must be salaried or self-employed
  • The applicant must be over 23 years and maximum 65 years
  • Must be working in a company with regular monthly income and provide the proof of employment status

Document Required for Applying

  • Residential proof to be provided such as, valid passport, driving license, ration card, voter's id, recent telephone bill, recent current bill
  • Valid age proof such as PAN card, birth certificate, school certificate
  • Salary slip to be provided for last 3 months
  • Active bank statement or pass book reflecting the transactions
  • If applicant is self-employed, office address proof, valid registered lease or rental agreement with utility bill, current account statement for 6 months
  • If applicant is self-the certificate of shop establishment, SEBI registration certificate needs to be provided
  • Self-employed must also provide last 2 years IT returns and Balance sheet certified from CA with profit and loss statements