Standard Chartered Bank Plot Loan Features

The Interest Rate 7.00% p.a
Time Period Up to 25 years
Loan to Value Up to 70%
Processing Fees Up to 1% of the loan amount

Eligibility criteria for Standard Chartered Bank Plot Loan

  • Age: should be 21 to 65 years.

  • Profile Eligibility: Should be a Resident of India and have to be Salaried or Self-Employed having the Private firms or Partnership firms.

Benefits of Standard Chartered Bank Plot Loan

Standard charted Bank plot loan

  • Long payment period of up to 25 years.

  • Large amount of loans amounting to Rs. 35 Cr.

  • Generous processing costs.

  • Benefits of additional insurance.

  • Available to all self-employed people and the salaried people.

Plot Loan

Standard Chartered Bank plot loan is taken by the salaried and self-employed people to invest in a plot in India, with Standard Chartered Bank Plot Loan the borrower can purchase the land.

1. Tenure

The tenure for the Standard Chartered Bank Plot Loan can go as high as 25 years.

2. Prepayment Fine

A prepayment fee is not taken by Standard Chartered Bank for single applicants.

3. Loan to Value Ratio‭ (‬LTV‭)‬

The LTV of Standard Chartered Bank Plot Loan can go up to 70%.

4. Tax Benefits

Standard Chartered Bank Plot Loan has no tax benefits.

Types of Standard Chartered Bank   Plot Loan

Standard Chartered Bank Plot loan

It is provided by Standard Chartered Bank to the applicant for investing in a land of the applicant’s choice.

Standard Chartered Bank Plot with Construction Loan

This is similar to the earlier one but the applicant is also required to start construction on the land after the purchase.

Standard Chartered Bank plot loans for self-employed

Type of plot loans self-employed

TruFixed plot Loan – 2 Year Fixed Rate Vary
In TruFixed plot Loan by Standard Chartered Bank, simply for the first 2 years, the loan term is fixed-rate later, after the term variable-rate.

Adjustable-rate loan
In this loan by Standard Chartered Bank, simply for every 6 months, the interest rate of the EMI changes and also the principal amount.

Standard Chartered Bank Plot Loan Interest Rates For self-employed Non – Professionals

Standard Chartered Bank   Adjustable Home Plot Loan

Loan Plot Loan Interest Rate (%)
women (up to 30 lakh) 7.05 to 7.55
others (up to 30 lakh) 7.10 to 7.60
women (above 30 lakh) 7.30 to 7.80
others (above 30 lakh) 7.35 to 7.85
Women (75.01 Lakhs & Above) 7.40 to 7.90
Others (75.01 Lakhs & Above) 7.45 to 7.95

Standard Chartered Bank   TruFixed Loan – 2 Year Fixed Rate Variant

Loan Plot Loan Interest Rate (%)
Women (upto 30 Lakhs) 7.50 to 8
Others (upto 30 Lakhs) 7.55 to 8.05
Women (Above 30 Lakhs) 7.65 to 8.15
Others (Above 30 Lakhs) 7.70 to 8.20
Women (75.01 Lakhs & Above) 7.75 to 8.25
Others (75.01 Lakhs & Above) 7.80 to 8.30

Standard Chartered Bank Plot Loan Interest Rates For self-employed professionals

Standard Chartered Bank Adjustable Rate Plot Loan

Loan Plot Loan Interest Rates (%)
Women (upto 30 Lakhs) 7.20 to 7.70
Others (upto 30 Lakhs) 7.25 to 7.75
Women (Above 30 Lakhs) 7.45 to 7.95
Others (Above 30 Lakhs) 7.50 to 8
Women ( 75.01 Lakhs & Above) 7.55 to 8.05

Standard Chartered Bank   TruFixed Loan – 2 Year Fixed Rate Variant

Loan Plot Loan Interest Rates (%)
For Women (up to 30 Lakhs) 7.65 to 8.15
For Others (up to 30 Lakhs) 7.70 to 8.20
For Women (Above 30 Lakhs) 7.80 to 8.30
For Others (Above 30 Lakhs) 7.85 to 8.35
For Women ( 75.01 Lakhs & Above) 7.90 to 8.40
For Others ( 75.01 Lakhs & Above) 7.95 to 8.45

Standard Chartered Bank Plot Loan documents required for both self-employed Professionals and Non-Professionals

Requirements For Self Employed Individuals
Proof of Identity PAN Card, Passport
Proof of address Aadhar Card, Electricity/ Mobile Bill
Financial proof – ITR
– Business details, P/L statement from the business.
Other Documents – All the plot documents

Standard Chartered Bank Plot Loan fees and charges for self-employed

Processing fee

Up to 0.50% – 1%.

Prepayment charges

Adjustable-Rate Home Loans
– No prepayment needed

– The customer will be required to submit documents that Standard Chartered Bank deems appropriate and appropriate to verify the source of the loan at the time of the payment.
Fixed-Rate Home Loans
– No advance payment is required for any partial/full payment made by your sources i.e, other banks or financial institutions
– The customer must submit documents that Standard Chartered Bank deems appropriate and appropriate to determine the source of funding.
Fixed and Variable Rate Loans
During the period of Fixed-Rate:
– The client must submit documents approved by Standard Chartered Bank to verify the source of the money during the repayment of the loan in advance.

During the Variable Rate:
– No prepayment will apply.
– The prepaid amount shown will apply on the date of the loan agreement.

The Conversion Fees

Name of the Service Name of the charge/fee levied When payable Frequency Amount
Switch to a lower rate in Variable Rate Loans Conversion fees On conversion On every spread change A cap of up to 50% of the original outstanding and the stipulated amount at the time of conversion or whichever is lower is Rs. 50,000,000 tax.
Switching to Variable Rate Loan from Fixed Rate Loan Conversion fees On conversion Once A cap of up to 50% of the original outstanding and the stipulated amount at the time of conversion or whichever is lower is Rs. 50,000,000 tax.
Switching from Trufixed Fixed Rate to Variable Rate Loan Conversion fees On conversion Once 1.75% original arrears and tax in excess of the undisputed amount at the time of conversion.
Switch to Lower Rate Conversion fees On conversion On every spread change Half of the spread difference on principal dues and unspecified amount plus taxes with a minimum fee of 0.5% and a maximum fee of 1.550%.
Switch to Lower Rate Conversion fees On conversion On every spread change 0.5% of tax in excess of the original outstanding and undisputed amount at the time of conversion.

Cheque dishonor charges

Mostly upto Rs 200.

Fees on Account of External opinion

Depending on the type of support provided, advocates and charges may be paid directly to the person concerned

Property insurance

The customer should remain active throughout loan term during by paying the premium.

Statutory/regulatory charges

Stamp duty, mod or moe to be paid by borrower respectively.

List of documents

Mostly upto Rs.500

Photocopy of documents

Mostly upto Rs.500

Increase/decrease in loan term

Mostly upto Rs.500

Disbursement Cheque cancellation charge post disbursement

Mostly upto Rs.200

Re-appraisal of loan

Mostly upto Rs.2000

PDC swap

Mostly upto Rs.200

Standard Chartered Bank Plot Loans for salaried individuals

Who can apply Standard Chartered Bank Plot Loans for salaried individuals?

Loan Maximum Amount(in %)
Up to Rs.30 lakh up to 80%
Rs.30.01 lakh to Rs.75 lakh up to 80%
Over Rs.75 lakh up to 75%

Type of plot loans for salaried individuals

TruFixed plot Loan – 2 Year Fixed Rate Vary
In TruFixed plot Loan by Standard Chartered Bank, simply for the first 2 years, the loan term is fixed-rate later, after the term variable-rate.

Adjustable-rate loan
In this loan by Standard Chartered Bank, simply for every 6 months, the interest rate of the EMI changes and also the principal amount.

Standard Chartered Bank Plot Loan interest rates for salaried individuals

Adjustable Home Rate Loan

Loan Loan Interest Rates (in %)
Women (Upto 30 Lakhs) 7.05 to 7.55
Others (Upto 30 Lakhs) 7.10 to 7.60
Women (Above 30 Lakhs) 7.30 to 7.80
Others (Above 30 Lakhs) 7.35 to 7.85
Women (75.01 Lakhs & Above) 7.40 to 7.90
Others (75.01 Lakhs & Above) 7.45 to 7.95

TruFixed Loan – 2 Year Fixed Rate Variant

Loan Loan Interest Rates (%)
For Women (upto 30 Lakhs) 7.50 to 8
For Others (upto 30 Lakhs) 7.55 to 8.05
For Women (Above 30 Lakhs) 7.65 to 8.15
For Others (Above 30 Lakhs) 7.70 to 8.20
For Women (75.01 Lakhs & Above) 7.75 to 8.25
For Others (75.01 Lakhs & Above) 7.80 to 8.30

Standard Chartered Bank Plot Loan documents required for salaried individuals

Requirements For Salaried Individuals
Proof of Identity PAN Card, Passport
Proof of address Aadhar Card, Electricity/ Mobile Bill
Financial proof – Must have last 6-month salary slips
– Credit score
Other Documents – All the plot documents

Standard Chartered Bank Plot Loan fees and charges for salaried individuals

Processing fees

Up to 0.50% – 1%.

Prepayment charges

Adjustable-Rate Home Loans
– No prepayment needed

– The customer will be required to submit documents that Standard Chartered Bank deems appropriate and appropriate to verify the source of the loan at the time of the payment.
Fixed-Rate Home Loans
– No advance payment is required for any partial/full payment made by your sources i.e, other banks or financial institutions
– The customer must submit documents that Standard Chartered Bank deems appropriate and appropriate to determine the source of funding.
Fixed and Variable Rate Loans
During the period of Fixed-Rate:
– The client must submit documents approved by Standard Chartered Bank to verify the source of the money during the repayment of the loan in advance.

During the Variable Rate:
– No prepayment will apply.
– The prepaid amount shown will apply on the date of the loan agreement.

Conversion fees

Name of the Service The charge levied When payable Frequency Amount (in Rs.)
Switch to lower rate in Variable Rate Loans Conversion fees On conversion On every spread change A cap of up to 50% of the original outstanding and the stipulated amount
Switching to Variable Rate Loan from Fixed Rate Loan Conversion fees On conversion Once A cap of up to 50% of the original outstanding and the stipulated amount
Switching from Trufixed Rate to Variable Rate Loan Conversion fees On conversion Once 1.75% original arrears and tax
Switching to Lower Rate Conversion fees On conversion On every spread change A min. fee of 0.5% and a max. fee of 1.550%.
Switching to Lower Rate Conversion fees On conversion On every spread change 0.5% of taxes

Cheque dishonor charges

Mostly upto Rs 200.

Fees on Account of External opinion

Depending on the type of support provided, advocates and charges may be paid directly to the person concerned

Property insurance

The customer should remain active throughout loan term during by paying the premium.

Statutory/regulatory charges

Stamp duty, mod or moe to be paid by borrower respectively.

List of documents

Mostly upto Rs.500

Photocopy of documents

Mostly upto Rs.500

Increase/decrease in loan term

Mostly upto Rs.500

Disbursement Cheque cancellation charge post disbursement

Mostly upto Rs.200

Re-appraisal of loan

Mostly upto Rs.2000

PDC swap

Mostly upto Rs.200

How to apply for Standard Chartered Bank  Plot Loan With DialAbank

  • For Standard Chartered Bank Plot Loan, go to Dialabank.
  • Fill in the form at the website and then submit it.
  • You can call – 9878981144 for any financial help needed.

Additional tips to get Standard Chartered Bank  Plot Loan Easily

  • Maintain your credit score above 650.
  • 2 passport photos are mandatory and the face must be clearly visible. 

Standard Chartered Bank   Plot loan with Construction vs Home Loan

Parameters Plot Loan with Construction Regular Home Loan
Tenure ‬Up to 15‭ ‬years Up to 30 years
Prepayment fine Free Free
Loan to Value (LTV) up to 70% up to ‬90%‭
Plot with Construction Loan interest rates The rates are similar to a home loan but can go higher. Start at 6.80%*
Tax Benefits Eligible after the construction of a building or home on the plot Home loan owners are eligible.

FAQ’s

 What is the Plot loan interest rate in the Standard Chartered Bank ?

The Standard Chartered Bank Plot Loan starts at 7.00%.

 What is a Standard Chartered Bank Plot Loan?

Standard Chartered Bank plot loan is taken by the salaried and self-employed people to invest in a plot in India, with Standard Chartered Bank Plot Loan the borrower can purchase the land.

 How much processing fee is applicable to the Standard Chartered Bank Plot Loan?

Standard Chartered Bank charges up to 1% of the loan amount.

 What is the loan tenure of the Standard Chartered Bank Plot Loan?

The Standard Chartered Bank Plot Loan tenure be up to 25 years.

 How much EMI per Lakh can be fixed on Standard Chartered Bank Plot Loan?

The Standard Chartered Bank Plot Loan EMI per Lakh is ₹ 926.

 How can I avail plot loan from Standard Chartered Bank?

You can avail of Standard Chartered Bank Plot Loan after passing the eligibility criteria of the Standard Chartered Bank.

 How to Apply for a Standard Chartered Bank Plot Loan?

Please visit the website of Standard Chartered Bank to understand the application process or you can just call Dialabank at 9878981166.

 How to repay the Standard Chartered Bank Plot Loan earlier than the schedule?

Visit the Standard Chartered Bank website and check if you are eligible for the earlier payment.

 Is it possible to repay my loan earlier than the schedule?

Yes, definitely possible with the Standard Chartered Bank Plot Loan.

 How to check Standard Chartered Bank + Plot Loan eligibility?

Please check the eligibility requirements mentioned on the Dialabank website or the website of the Standard Chartered Bank.

 What is the Standard Chartered Bank Plot Loan phone number?

For a Standard Chartered Bank Plot Loan, you only have to call – 9878981166.

 What is the Standard Chartered Bank Plot Loan interest rate for women?

For women, the Standard Chartered Bank Plot Loan interest rate starts from 7.05%. 

 What is the Standard Chartered Bank Plot Loan interest rates for salaried individuals?

Standard Chartered Bank Plot Loan interest rate – 7.10%.

 What is the Standard Chartered Bank Plot Loan interest rates for self-employed individuals?

 Standard Chartered Bank Plot Loan interest rate – 7.10%.

 What is Standard Chartered Bank Plot Loan interest rates for self-employed non-professionals?

Standard Chartered Bank Plot Loan interest rate – 7.10%.

 How is a plot loan different from a home loan?

Few differences:

  • Tax benefits for Standard Chartered Bank Home loan owners but no tax benefits for Standard Chartered Bank Plot Loan.
  • Usually, the LTV in Standard Chartered Bank Plot Loan is less i.e. up to 70% and Standard Chartered Bank home loans can be 90%.

 Can I take a plot loan along with a home loan?

No, multiple loans are not allowed for Standard Chartered Bank.

 What is the maximum amount that I can take as a loan?

The maximum loan amount is determined by the Standard Chartered Bank after checking your land documents.

 Can a plot loan finance an investment in any plot, anywhere?

Yes, a Standard Chartered Bank Plot Loan can be used to purchase land anywhere in India.

 What is a Balance Transfer on Plot Loan?

Balance Transfer for Standard Chartered Bank Plot Loan helps you lower your EMIs by transferring your remaining loan to other financial institutions to one that offers a lower interest rate.

 Do I get any tax benefits on a plot loan?

Standard Chartered Bank Plot Loan has no tax benefits.

 How many years can I keep the plot of land before starting construction?

For Standard Chartered Bank Plot Loan with Construction please check with the Standard Chartered Bank by calling Dialabank at 9878981166.

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