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Standard Chartered MortgageOne Housing Loan

  • icon Interest Rate
    Interest Rate
  • icon New Base Rate
    New Base Rate
    2.27 %
  • icon Loan Type
    Loan Type
    Flexi Loan
  • icon Lock in Period
    Lock in Period
    None

icon New Base Rate Home Loan Calculator

RM
year(s)
Interest Rate
You Pay
RM /mth

Whats so great about Standard Chartered MortgageOne Housing Loan?

  • Full Flexi Packages

  • No Lock-in-Period

  • Easy excess withdrawal

icon Eligibility

Minimum Age: 21 Years
Loan Tenure: Up to 35 Years
Margin of Finance: 0.9
Suitable for: Completed homes, under-construction properties, refinancing

Review by iMoney

  • Standard Chartered Bank offers three home loan packages that include regular term loans and Flexi packages. Conventional Housing Loan (regular term loan package) gives you high loan eligibility of up to 40% of your salary. MortgageOne which is Standard Chartered's full-Flexi home loan package is an integrated financial plan that combines a buyer's savings account, current account and bank deposit.

    The deposit amount is used to offset the excess debt when interest is calculated and this ensures you maximize savings on interest. Standard Chartered also offers a housing loan product linked to a 3-Month Kuala Lumpur Inter-Bank Offered Rate called MortgageKLIBOR. Although the interest rate benchmarks used are different, the final interest rates for these term loan packages remain competitive with other packages.

    Standard Chartered home loans do not have a lock-in period, which means there are no restrictions for you to refinance or sell your property. Standard Chartered can offer you a financing margin of up to 90% and a maximum loan tenure of up to 35 years (based on the latest Bank Negara Malaysia guidelines) OR until the borrower reaches the age of 65 years.

  • Standard Chartered has several innovative home loan packages and the summary of the benefits and advantages of the package is as follows:
    Products Key Features Is this a Flexi Package?
    Conventional Housing Loan
    • Term loans with fixed monthly installments
    • Loan eligibility up to 40% of salary
    • Financing margin up to 90%
    No
    MortgageOne
    • Use a single account that combines all deposits to reduce loan interest
    • Interest is calculated based on the daily rate for more savings
    • Payment holidays allow borrowers to skip installments for a month
    Ya, Full-flexi
    MortgageKLIBOR
    • Housing loan with interest rate linked to KLIBOR (Kuala Lumpur Inter-Bank Offered Rates)
    • Allows payment in excess of the installment value
    No
  • The Flexi home loan package allows borrowers to repay in excess each month in order to lower their monthly interest charges. This package comes with conditions and fees that need to be considered apart from its own benefits.

      Mortgage One
    Flexi Type Full-flexi
    Is a connected Bank Account required? Yes
    Account Maintenance Fee RM10 Monthly
    Withdrawal Fees No
    Terms & Conditions for Withdrawal No
  • If you have applied for a Standard Chartered Bank Home Loan, you will be required to provide some supporting documents for the bank to process your application. The documents are as follows:

    • Application form
    • Identification card
    • Copy of Sales and Purchase or Booking Receipt or Letter of Offer from the developer
    • Copy of Individual Title Deed
    • Property Valuation Report (for completed properties)
    • Latest salary slip / voucher (3 consecutive months)
    • Latest Commission Statement (6 consecutive months)
    • Latest EPF statement (3 consecutive months)
    • Latest EA form
    • Latest Bank Statement (6 consecutive months)
    • Letter of Confirmation of Employment and Remuneration
  • You can use the Standard Chartered Bank home loan calculator to calculate your monthly repayment amount, based on the value of the dream property and the loan amount. When you are ready to apply, you can do a free inquiry through iMoney and we will contact you. Applying for a home loan through iMoney is free. click here If you are not sure whether a home loan from Standard Chartered Bank is the best option for you, click here to compare other home loans in Malaysia.

  • Here are some ways to repay your Standard Chartered home loan.

    Online Transfers
    : Transfer money from your Standard Chartered Bank Savings or Current Account to make payments online.

    MEPS
    : Pay off your loan through MEPS ATM machines (over 5,000 locations) nationwide.

    Interbank GIRO
    : Repay your loan via Interbank GIRO money transfer at a registered bank branch or via online banking.

    Standing Instruction Facility
    : Automatic deduction from your bank account every month.

    Standard Chartered Bank ATM machine
    : Transfer money from your Standard Chartered Bank Savings or Current Account to make payments at all Standard Chartered branches.

    Express Payment Machine
    : Make a cash deposit or check at a Standard Chartered Bank branch.

    Payment by Post
    : Mail to Standard Chartered Bank your check and statement in a sealed envelope.

    Telephone Banking
    : Provide instructions for deduction from your bank account to pay off the housing loan via T-PIN.