What is Standard Chartered MortgageOne Refinancing?
Standard Chartered MortgageOne Refinancing is a conventional mortgage refinancing solution that provides a smarter way for homeowners to pay off their loans and avoid hefty interest charges while enjoying the perks of having extra cash for personal uses.
Standard Chartered MortgageOne Refinancing offers two (2) solutions for homeowners:
By taking advantage of the current low interest rates offered by most banks, refinancing your mortgage might be the best choice for you. Just as its name suggests, Just Transfer is a solution where you can refinance and transfer your existing mortgage to Standard Chartered Bank while enjoying attractive interest rates from as low as 2.88%*.
This way, not only you get to save up on hefty interest charges over the loan tenure, but you also have the flexibility to have extra cash in hand as your monthly repayments will be potentially reduced as well.
*Note: Just Transfer financing solution is exclusively available for properties in Kuala Lumpur, Selangor, Penang and Johor Bahru.
Debt Consolidation Plan
Do you know that your property will be appreciated in value over time? And when you refinance your appreciated property, you may gain a higher amount of financing from banks. You then can take advantage of this refinancing to pay off your existing home loan balance and the excess amount will become your extra cash in hand.
Alternatively, you can leverage your property’s value appreciation and opt for Debt Consolidation Plan to pay off other high interest debts such as credit cards, personal loans or hire purchase loans. This solution will help you have a better cash flow by saving up on total interest costs while enjoying the convenience of single monthly payments.
*Note: Debt Consolidation Plan financing solution is only applicable for Malaysians and is exclusively available for properties in Kuala Lumpur, Selangor, Penang and Johor Bahru.
How do I pay for my instalments?
What’s easy about Standard Chartered MortgageOne Refinancing is that once you have chosen the right solution for either Just Transfer or Debt Consolidation Plan, you can feasibly make a monthly payment for your instalment via MortgageOne account.
With a MortgageOne account, you may perform “Excess Payment” too, whereby you can pay extra on top of your standard instalments. This feature not only will help you to reduce your total tenure and repayments, but it will also give you the option to withdraw those payments easily for emergencies.