What do you mean by Equity Loan in Standard Chartered Bank UK reference would you plz let me know about the same , if you have its related any info ??

[prince karak]

Standard Chartered PLC is a British multinational banking and financial services company headquartered in London, England.

As you asking I am telling In the UK an "Equity Loan" is the term used to describe additional borrowing, normally secured as a subsequent charge, as a top-up to the amount a home owner/purchaser can borrow from a main mortgage provider.

Bank profile:

Type Public limited company

Traded as LSE: STAN

SEHK: 2888

NSE: STAN

OTC Pink: SCBFF

FTSE 100 Component

Industry Banking, Financial services

Predecessor Standard Bank

Chartered Bank

Founded 1969; 49 years ago

Headquarters London, England, UK

Area served Worldwide

Key people José Viñals

(Chairman)

Bill Winters

(Group Chief Executive)

Services Credit cards

Consumer banking

Corporate banking

Investment banking

Mortgage loans

Private banking

Wealth management

Revenue US$ 14.060 billion (2016)

Operating income US$ 0.409 billion (2016)

Net income US$ (0.191) billion (2016)

Total assets US$ 646.692 billion (2016)

Total equity US$ 44.368 billion (2016)