Standard Chartered MortgageOne Refinancing

Refinance your current home loan with solutions that help you save up on interest charges and allows you extra cash at hand for other personal use.

Standard Chartered MortgageOne RefinancingSavings on interest charges
Tenure
Up to 35 years
Interest Rate
from 2.88% p.a.
Loan type
Full-Flexi loan
Interest Type
Floating interest rate
Margin of finance
up to 90%

Interest Rate

The interest paid based on the home loan amount borrowed

Financing SolutionsTypesYou borrowEstimated Interest Rate
Just TransferTransfer your loan over at zero costRM500,000 - RM3,500,000From 2.88% p.a.
Debt Consolidation PlanOption 1
(With zero cost)
RM200,000 - RM3,500,0003.95% p.a.
Option 2
(Without zero cost)
RM70,000 - RM11,000,0003.75% p.a.
Important notes:

1. Zero cost is where the bank will bear the valuation cost together with the legal cost and stamp duties related to the loan documentation.

2. Just Transfer 2.88% p.a. is for eligible applicant(s) who are new or existing Priority Banking customers who deposit fresh funds or new AUM of RM250,000, while all other customers will enjoy an interest rate of 2.98% p.a.

3. Both Just Transfer and Debt Consolidation Plan financing solutions are exclusively available for properties in Kuala Lumpur, Selangor, Penang and Johor Bahru.

4. Effective interest rate will be determined by Standard Chartered Bank Berhad upon final approval.

5. The current Base Rate (BR) is 2.27%.

Requirements

Minimum Annual Income
RM48,000
Minimum Age
  • 21 to 65 years old
Who can apply
  • Malaysians
  • Debt Consolidation Plan is not applicable to non-residents
  • Salaried employee
  • Self-employed

Fees & Charges

Late Penalty Fee
1% p.a. of the outstanding amount
Processing Fee
RM200 setup fee for MortgageOne
Monthly Fee
RM10
Early Settlement Fee
2% on the approved loan amount if redeemed within the first 5 years (for Zero Cost loans)
Redemption Letter Fee
RM50 per request
Letter for EPF Withdrawal Fee
RM20 per request
Cancellation Fee
2.25% of the loan amount if the bank bears the entry cost. Otherwise, it is 0.5%.
Insurance Types
  • Fire Insurance
  • MRTA

More Information

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:

Just Transfer

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.