Standard Chartered

Standard Chartered MortgageOne

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

    • Up to 30 years
    • Flexi loan
    • Floating Interest Rate
    • 3 years lock in period
    • Up to 90% margin of finance
  • You BorrowEstimated Interest Rate
    more than RM5000005.50% p.a.

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

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
RM424.00 includes RM212 for setup fees
Monthly Fee
RM10.60
Early Settlement Fee
2% within 3-year retention period
Redemption Letter Fee
RM53.00 per request
Letter for EPF Withdrawal Fee
RM21.20 per request
Cancellation Fee
2.25% of the loan amount if the bank pays for legal fees. Otherwise it's 0.5%.
Insurance Types
  • Fire Insurance
  • MRTA
  • MSIG Home

All fees & charges are inclusive of 6% GST if applicable

Requirements

Are you eligible for this Standard Chartered home loan?

Minimum annual income
RM24000
Minimum age
21 years old
Maximum age
65 years old
Who can Apply
  • Any nationality
  • Salaried employee
  • Self-employed

Frequently Asked Questions about Standard Chartered MortgageOne

Things you might want to know

What is Standard Chartered MortgageOne about?

Contrary to the standard term home loan, MortgageOne offers a flexible loan repayments that help you save more on interest charges and ultimately reduce your principal loan amount quickly. 

MortgageOne integrates your savings, current, payroll and home loan accounts under one roof so that you can better manage your finances.

MortgageOne home loan is suitable for the purchase of residential properties, whether completed or under-construction, for first time home buyers as well as for refinancing of existing properties. 

Explain how does Standard Chartered MortgageOne work.

In order to benefit from interest savings, you need to make extra deposit into your Standard Chartered MortgageOne account on top of your monthly instalment amount. 

Since the interest is calculated daily, the more you cash in into your savings account, the more your reduce on your interest charges - eventually, you will own your house way sooner than you think if you consistently make additional payment over your monthly repayment.

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 / Booking Receipts / Letter of Offer from Developer

Salaried Employee:

  • Copy of MyKad (front and back)
  • Latest 1-month salary slips AND bank statement
  • Latest EPF statement OR Borang B / BE

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

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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