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    Standard Chartered Bank provides indicative variable interest rates for property loans as of May 7, 2023, with residential property loans starting at 9.5% and commercial/industrial loans ranging from 9.6-10.1%. The document also discloses that LAP loans are linked to the applicable repo rate and historical IRRs for property loans between January and March 2023 ranged from a minimum of 8.25% to a maximum of 9.35% with a mean of 8.79%.

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    Standard Chartered Bank provides indicative variable interest rates for property loans as of May 7, 2023, with residential property loans starting at 9.5% and commercial/industrial loans ranging from 9.6-10.1%. The document also discloses that LAP loans are linked to the applicable repo rate and historical IRRs for property loans between January and March 2023 ranged from a minimum of 8.25% to a maximum of 9.35% with a mean of 8.79%.

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    7 views2 pages

    In Grid For Pricing

    Uploaded by

    nitin01.snet
    Standard Chartered Bank provides indicative variable interest rates for property loans as of May 7, 2023, with residential property loans starting at 9.5% and commercial/industrial loans ranging from 9.6-10.1%. The document also discloses that LAP loans are linked to the applicable repo rate and historical IRRs for property loans between January and March 2023 ranged from a minimum of 8.25% to a maximum of 9.35% with a mean of 8.79%.

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    Pricing Grid: Indicative rates** as on 7th May 2023

    PRICING GRID – VARIABLE RATE

    PROPERTY TYPE TERM LOAN LAPSAVER

    Residential Property 9.50% 9.75%

    Commercial Property 9.60% 9.85%

    Industrial / Other Property 10.10% 10.35%

    **The above rates are subject to revision from time to time and at the discretion of Standard Chartered Bank

    All floating rate loans of LAP are linked to External Benchmark Linked Rate i.e. Applicable Repo Rate which is published on the bank’s
    site from time to time.

    https://www.sc.com/in/business/external-benchmark-for-lending-facilities/
    Rates offered to Loan Against Property customers during
    the period of January 2023 to March 2023

    IRR (Jan’23 – Mar’23)

    Minimum IRR 8.25%

    Maximum IRR 9.35%

    Mean IRR 8.79%

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