Standard Chartered Conventional Housing Loan (conventional)

Up to 30 years

Term loan

Floating Interest Rate

3 years lock in period

Up to 90% margin

30 days approval


Borrowing RM Monthly Repayment
RM


Profit Rate

%
How Long Year
max 35 Year
Flexi/Term Lock in Period Islamic or Conventional
All Flexi Term All Yes No All Islamic Conventional

Standard Chartered Conventional Housing Loan

Easier to own your dream home, no matter what you earn - set monthly repayments give you control over your financial commitments.

    • Up to 30 years
    • Term loan
    • Floating Interest Rate
    • 3 years lock in period
    • Up to 90% margin of finance
    • 30 days approval
    •  
  •  

You Borrow

Estimated Interest Rate

more than RM500000

4.52% p.a.
  • *Effective interest rate will be determined by Standard Chartered upon approval.

 

Fees & Charges

There are always fees but how much are they?

Late Penalty Fee - 1% p.a. of the outstanding amount

Processing Fee - RM212.00

Early Settlement Fee - 2%

Redemption Letter Fee - RM53.00 per request

Letter for EPF Withdrawal Fee - RM21.20 per request

Cancellation Fee - 2.25% of the loan amount if the bank pays for legal fees. Otherwise it's 0.5%.

Insurance Types - MRTA

*inclusive of 6% GST

 

Requirements

Are you eligible for this Standard Chartered home loan?

Minimum annual income - RM24000

Minimum age - 21 years old

Maximum age - 65 years old

Who can Apply - Any nationality

 

Frequently Asked Questions about Standard Chartered Conventional Housing Loan

Things you might want to know

 

What is the Standard Chartered Conventional Housing Loan?

If you're looking for an uncomplicated mortgage the Standard Chartered Conventional Housing Loan would be an ideal hassle free choice. True to its name, this mortgage is a conventional loan with an interest rate pegged to the BR. Being a term loan monthly repayments are fixed throughout the term - you'll know what you need to budget for your mortgage every month.

This term loan can be used to secured residential properties, whether completed or under-construction. The minimum loan amount is RM 500,000 - one of the lowest borrowing amounts for any home loan in Malaysia.

 

Why should I choose Standard Chartered Term Loan housing loan?

This home loan would be ideal for you if you are a salaried employee with a fixed income, and prefer to have the piece of mind of paying an fixed amount each month.

The advantage to this traditional loan is that the interest rate is 0.05% lower as compared to the Standard Chartered MortgageOne Home Loan and there is no processing fee, nor monthly fee to worry about.

 

Can a foreigner apply?

Yes. However, you must have a valid working visa of more than 1 year and maximum margin of finance is 80% of the property value.

 

Do I need to buy any insurance?

A Fire Insurance policy is compulsory. MRTA is optional.

 

What do I need to apply for this home loan?

Complete the application form
A copy of SPA / Booking Receipts / Letter of Offer from Developer

 

Salaried Employee:

Copy of MyKad (front and back)
Latest months’ salary slips and bank statement
Latest EA From or EPF statement

 

Salaried applicant working abroad:

Copy of MyKad (front and back)
Tax assessment from the specific country or
Latest 3 months pay slips and Bank statement or
CPF statement

 

Commission Earner:

Copy of MyKad (front and back)
6 months commission statement and Bank statement or
EPF / CPF statement if working abroad or
Tax assessment from the specific country if working abroad

 

Self-Employed:

Copy of MyKad (front and back)
Business Registration Certificate – Form 9, Form 24 and Form 49 and
Audited balance sheet and Profit and Loss or
Last 6 months bank statements or
Latest year Form BE

 

Foreigner working in Malaysia:

Copy of Passport (front and back)
Valid work permit and
3 months bank statement or
Tax assessment from home country