Standard Chartered Bank

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Standard Chartered Bank

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Enables small-to-medium enterprises to purchase residential, commercial & industrial properties or to re-finance

Business Mortgage

 

Comprehensive mortgage solutions to facilitate your property acquisition or refinancing

BusinessOne

  • Deposit into the BusinessOne current account to enjoy the same interest rate as your mortgage loan
  • Interest earned from your deposits can offset the mortgage loan outstanding principal, so your total mortgage interests will be reduced
  • Deposit or withdraw funds from your BusinessOne Current Account at any time

Affordable Loan Amount

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Select valid tenor
Enter valid repayment
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Please select Residential or Non-residential
Result
0
0
0 *
0

*Assume mortgage loan of 60% loan-to-value (LTV) ratio for company held residential properties or 70% LTV ratio for commercial and industrial properties (including car parks). This calculator does not intend to cover mortgage loan for industrial properties that are held for investment purposes.

Repayment Amount
Interest Rates*
MortgageOne Loan (%)
Standard Housing Loan# (%)

# Traditional Housing Loan refers to the repayment of the mortgage by way of making regular payments of the capital (also called the principal) and interest over a set term.

Summary Of Results
MortgageOne (%)
Interest Rate (%) Monthly Instalment (S$)
Year 1
Year 2
Year 3
Year 4
Year 5
Thereafter
Standard Housing Loan (%)
Interest Rate (%) Monthly Instalment (S$)
Year 1
Year 2
Year 3
Year 4
Year 5
Thereafter
Loan Details MortgageOne
Net Interest Paid S$
Effective Interest Rate
Total Interest Saved
totalInterestSaved ??
Additional Principal Paid
Loan Details Standard Housing Loan
Net Interest Paid
Effective Interest Rate

Disclaimer

1. Please note that the "Initial MortgageOne Deposit" reflected herein does not refer to the minimum cash payment for the purchase of the property.

2. The resulting computation from the information provided above is for illustration purposes only and is not an offer of credit facilities by Standard Chartered Bank (Singapore) Limited.

3. Standard Chartered Bank (Singapore) Limited accepts no liability for any inaccuracies, errors, omissions, or for any loss (direct or indirect) arising from use of or reliance on the information and/or computations herein.

Note: You are encouraged to read the Association of Banks in Singapore (ABS) Guide on Home Loans before committing to any housing loan. The Guide is available on MoneySENSE's and ABS websites in the four official languages.

Disclaimer

The calculator result is for information purposes only and the calculation is based on the information provided by customer. Standard Chartered Bank (Hong Kong) Limited (the “Bank”) endeavours to keep the calculator up-to-date as per the latest regulatory guidelines, however some discrepancy may be expected. The assumptions used and figures generated by this calculator are for purposes of illustration and reference only, and are subject to change depending on a variety of factors, which may not have been taken into account in the computation. The calculation is not intended to constitute financial advice or an offer of credit facilities from the Bank. You should obtain professional advice and should not rely on the calculator to make any financial or other decision. The Bank makes no warranty, express or implied, as to the accuracy, reliability and completeness of any information, formulae, or calculation provided through use of the calculator and does not accept any liability for loss or damage of whatsoever nature, which may be attributable to the reliance on and use of the calculator. You should not rely on the result of the calculation or assume the Bank would approve any mortgage application based on those terms. Any mortgage application shall be subject to the formal approval by the Bank and your actual repayment liability depends on the actual terms of the mortgage as approved by the Bank.

 

Remarks

  • The calculation is based on the assumption that the mortgage is repaid with monthly installment, and the calculation does not and cannot incorporate individual needs or special scenarios of each customer, such as (without limitation) applicant’s and property’s conditions and any outstanding mortgage loan owed by the applicant either as guarantor or borrower.
  • The interest rates used are for simulation purpose only and may not be the same interest rates applicable to the actual loan as approved by the Bank. Customers should also note that the interest rates are subject to change as determined by the Bank from time to time.

Eligibility & Documents

Eligibility

Sole Proprietorship/Partnership/Limited Companies registered in Hong Kong

Minimum 3 years of business operations

Documents

General

1. Copy of Business Registration Certificate
2. Latest 6 months bank statements
3. Audited Financial Statement OR Profit Tax Demand Note of latest financial year
4. Copy of Sales & Purchase Agreement (if applicable)
5. Repayment schedule of proposed property (applicable to HEP)
6. Tenancy Agreement (if applicable)
7. Asset Proof, e.g. the latest month bank statement of investment account/ bank account (if applicable)

Limited Company (also applicable to corporate guarantor)

1. Copy of Certificate of Incorporation
2. Copy of particulars of Directorship and Company Secretary (Form D1/D2)
3. Copy of “Memorandum & Articles of Association
4. Board Minutes Extract

Sole-proprietorship / Partnership

1. Copy of particulars of Sole Proprietorship (Form 1A)
2. Copy of particulars of Partnership (Form 1C)

Sole-proprietor / Partners / Directors / Guarantor(s)

1. Copy of HKID / Passport
2. Latest Salary / Income Tax Demand Note (if applicable)
3. Latest 3 months’ bank statements (if applicable)

Standalone Mortgagor

1. Copy of HKID/ Passport/ CI / BRC

FAQs

It offers you great flexibility. You can earn interests for the deposit in BusinessOne current account with the same interest rate as your mortgage loan and withdraw the funds at any time.

Your dedicated Relationship Manager can help you structure a best-fit solution based on your needs, offering you trade facilities, overdraft, short term loan and more.

  • The maximum interest earned for your BusinessOne deposit account cannot exceed the amount of interest charged on your mortgage loan account in each particular month.

To borrow or not to borrow? Borrow only if you can repay!

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