Standard Chartered

Standard Chartered MortgageOne

A fully flexible home loan that combines your savings and home loan accounts into one, providing a quick and easy way to reduce your interest payments

    • Up to 35 years
    • Flexi loan
    • Floating Interest Rate
    • 0 years lock in period
    • Up to 90% margin of finance
  • You BorrowEstimated Interest Rate
    up to RM3990004.60% p.a.
    RM400000 - 9990004.50% p.a.
    more than RM10000004.45% p.a.

    *Effective interest rate will be determined by Standard Chartered upon approval.

Consolidate Your Housing Loan Here

Consolidate Your Housing Loan Here

Apply online now for Standard Chartered MortgageOne

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Fees & Charges

There are always fees but how much are they?

Late Penalty Fee
1% p.a. of the outstanding amount
Processing Fee
RM50.00 to RM200, depending on the loan size
Monthly Fee
RM10.00
Early Settlement Fee
2% on the approved loan amount if redeemed within the first 3 years
Redemption Letter Fee
RM50.00 per request
Letter for EPF Withdrawal Fee
RM20.00 per request
Cancellation Fee
2.25% of the loan amount if the bank bears the entry cost. Otherwise it's 0.5%.
Insurance Types
  • Fire Insurance
  • MRTA
  • MSIG Home

Requirements

Are you eligible for this Standard Chartered home loan?

Minimum annual income
RM48000
Minimum age
21 years old
Maximum age
65 years old
Who can Apply
  • Malaysians
  • Salaried employee
  • Self-employed

Frequently Asked Questions about Standard Chartered MortgageOne

Things you might want to know

For a limited time until 31st December 2019, when you apply for a loan amount between RM350,000 to RM3.5 million, you can enjoy ZERO FEES on Stamp Duty, Legal and Documentation, Valuation on the property, land search and bankruptcy search, and also for registration for the Discharge of Charge / Receipt and Reassignment for the Property. This promotion is only applicable for completed properties located within Klang Valley, Penang and Johor.

What is Standard Chartered MortgageOne about?

MortgageOne is an All-In-One account that integrates your savings, payroll, current and mortgage accounts into One convenient transactional account. Financing your new home purchase is now more flexible! 

Whether it is under construction or a completed property, MortgageOne will be able to finance up to 90% of the property value, for up to 35 years or up to 70-years old (whichever is earlier). There is also competitive refinancing rate for your current home loan.

What interest rates can I get with Standard Chartered MortgageONe?

The interest rate you will get is a floating rate at Base Rate with a spread that covers all risks, costs and some margins. Nonetheless, MortgageOne offers some of the best bank mortgage rates in the market, as well as flexible repayment up to 35 years or 70-years old (whichever is earlier). 

Can I make advance payments or withdrawals from Standard Chartered MortgageOne?

Yes, you can! MortgageOne provides the flexibility to make advance payments and withdrawal which can be made at anytime with no notice and additional charges required. 

However, important to note that the total amount you can withdraw is dependent on the tenure and facility limit available. You can also enjoy convenient banking via ATM facilities, cheque book, phone and internet banking.

How do I pay for my instalments?

There are a few easy ways. You can either pay via Interbank GIRO transfer, Standing Instruction or at Standard Chartered's credit deposit machines. 

Here's a useful tip - you can consolidate all your deposits such as income, bonus and life savings into the MortgageOne account. This will make repayments much more convenient for you! Using the MortgageOne account, you can also make 'Excess Payment'. 

Excess payment is a very useful feature where you can pay extra on top of your standard instalments to reduce your total tenure and interest repayments, while also giving you the option to withdraw those payments easily for emergencies.

What are the fees and charges I should know?

There are several fees that you should know when applying for MortgageOne home loan:

  • Setup Fee of RM200
  • Processing Fee between RM50 to RM200, depending on your loan size
  • Maintenance Fee of RM10 monthly
  • Cancellation Fee of 0.5%, if you bear the legal fee, valuation fee and stamp duty; otherwise 2.25% of the total facility.

Any other benefits I can enjoy from MortgageOne home loan?

Redraw Facility – withdraw excess cash paid into your home loan account for personal use at any time without restrictions and penalty.

Low Start option – for the first two years, you will be allowed to pay a lower installment so that you can spend your spare cash on making your new house a home. This option is ideal if you feel the pinch after paying for the down payment and other miscellaneous charges.

Payment Holiday – give your monthly repayments a vacation once in a while! This option allows you to defer your payments for a portion of time for some financial breathing space. This is not allowed during the first two years of the Low Start option.

Priority Banking privilege - If you're a Standard Chartered Priority Banking customer, lower interest rates are available for you. 

Do I need an insurance policy?

A Fire Insurance policy is compulsory. However, a Mortgage Reducing Term Assurance is optional but highly advised. You can also sign up an optional home insurance, which is underwritten by MSIG.

Who can apply for this conventional term home loan?

Any individuals (Malaysians and non Malaysians) aged 21 years and above, not exceeding 65 years old at the time of application can apply for this Standard Chartered home loan. 

In order to qualify for any of the borrowing amount, your monthly repayment should not exceed 40% of your monthly salary.

What documents I need to prepare for this home loan application?

Property Documents:

  • Complete the application form
  • A copy of SPA / Deposit or Booking Receipts / Letter of Offer from the Housing Developer
  • Photocopy of the Land Title (if any)

Salaried Employee:

  • Copy of MyKad (front and back)
  • Latest 3-months salary slips AND bank statements
  • Latest EPF statement via Standard Chartered's handheld device; OR 
  • Borang B / BE with LHDN/IRD acknowledgement; AND 
  • Proof of payment/receipt of refund

New Salaried Employee:

  • Signed official HR Letter (less than 60 days) AND Latest 1-month bank statement; OR
  • Signed Employment Contract (less than 45 days) AND Latest 1-month bank statement

Salaried applicant working abroad:

  • Copy of MyKad (front and back)
  • Tax assessment form of the specific country; OR
  • Latest 3 months pay slips AND bank statement; OR
  • CPF statement

Commission Earner:

  • Copy of MyKad (front and back)
  • 6 months commission statement AND Bank statement; OR
  • EPF / CPF statement if working abroad; OR
  • Tax assessment form of the specific country if working abroad

Self-Employed:

  • Copy of MyKad (front and back)
  • EPF Statement
  • Business Registration Certificate for Sole Proprietorship / Partnership of more than 2 years
  • Form 9, 24 and 49 for Private Limited Company; AND
  • Latest 6-months bank statements; OR
  • Latest Audited financial statements / balance sheet and Profit and Loss; AND
  • Latest 3-months company bank statements

Foreigner working in Malaysia:

  • Copy of Passport (front and back)
  • Valid work permit; AND
  • Latest 3-months bank statement; OR
  • Tax assessment from home country

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