Standard Chartered offers mortgage loans at 12.75%

Standard Chartered introduces its mortgage loans available to those seeking an asset in residential property. The bank has a suite of facilities catering to the requirements of different investment options. The key benefits include a fixed interest rate of 12.75 percent per annum for five years, a loan of up to 75 percent of the property value as loan quantum, flexible repayment periods of up to 30 years, a life time free credit card.

Standard Chartered Retail Banking Head Sanjay Wijemanne speaking of the home loan facilities said, “The bank has tied up with some prestigious developments including ‘The Residences’ at One Galle Face apartments, the exclusive development by Shangri-La, ‘The Residence’ at Cinnamon Life, a development by Waterfront Properties (Pvt.) Limited, a member of the John Keells group, Clearpoint Residencies (Pvt.) Limited and Astoria by AVIC International Holding Corporation. We are confident that our clients will find 

their dream investment within our selection and that our product will cater to their requirements.”
Standard Chartered’s loan propositions are segmented according to the anticipated investment. Home loans are structured to facilitate the purchase of a completed house or an apartment and include the facility to transfer another bank’s home loan to Standard Chartered. Equity loans offer finance against a pre-owned completed residence to fund a child’s higher education, repay credit card balances and settle other bank loans or to fund any other financial requirement. The bank also offers building under construction loans to assist with investment in apartments under construction.