Check Eligibility for Standard Chartered
Personal Loan

You are eligible to apply for a Standard Chartered
Personal Loan .

You may not be eligible * to apply.

* Minimum salary AED 8000 required to apply for a Standard Chartered Personal Loan .

Click here to check loans from other banks.

Standard Chartered Personal Loan Calculator

Personal Loan Provided By Standard Chartered

Check Eligibility for Standard Chartered Personal Loan

You are eligible to apply for a Standard Chartered
Personal Loan .

You may not be eligible * to apply.

* Minimum salary AED 8000 required to apply for a Standard Chartered Personal Loan .

Click here to check loans from other banks.

Standard Chartered Personal Loan Calculator

Zero Balance Free account
Standard Chartered Personal Loan Details
Minimum Salary AED 8000 per month
Interest Rates Flat rate: 3.5% | Reducing rate: 6.5%
Maximum Loan Amount AED 1000K
Early Settlement Fees 1% of the outstanding amount
Arrangement Fees 1% of the approved loan amount
Tenure 48 months
Age 21 - 60 years(Expats) & 65 years(UAE Nationals)

Features of Standard Chartered Personal Loan

  • Maximum loan amount of up to AED 1,000,000
  • Maximum loan tenure of 48 months
  • Monthly reducing Interest / Profit rates starting from 6.55% p.a.
  • Minimum salary requirement of AED 5,000
  • A cashback of 1% of the loan amount (Min AED 500, Max AED 2500) for applications submitted online through SCB website and disbursed is credited to the account within 60 days of the application date.Minimum balance requirement on the transaction account is waived for the tenure of the loan

SCB offers two kinds of personal loans :

  • Conventional Personal Loan
  • Saadiq Personal Finance (Shariah compliant loan)

Fees and Charges

  • Loan processing fee : 1% of the loan amount (Minimum 500 AED and Maximum 2500 AED)
  • Late Payment Fee : 2% of the delayed amount (Minimum 50 AED and Maximum 200 AED)
  • Insurance Fee : Optional
  • Death Benefit : Single Premium – 0.80% of the loan amount , Monthly Premium – 0.35% p.a. (charged as a part of the overall interest)
  • Death Benefit + Permanent Disability : Single Premium – 0.99% of the loan amount , Monthly Premium – 0.40% p.a. (charged as a part of the overall interest)
  • Loan rescheduling fee : AED 250
  • Early Settlement of loan : 1% of the outstanding loan amount (Maximum 10000 AED)
  • Instalment deferment fee : AED 100

Eligibility Criteria of Standard Chartered Personal Loan

  • Loans are available to UAE residents working for companies approved by Standard Chartered.

Standard Chartered Personal Loan Interest rates

standard-chartered Bank

2 Personal Loans Provided By Standard Chartered

Salary Transfer Loan

Minimum Salary

AED 8K

Flat Rate

3.5%

Reducing Rate

6.5%

Loan Amount

AED 1000K

Early Settlement Fee

1%

Arrangement Fee

1%

AED 8K

Minimum Salary

3.5%

Flat Rate

6.5%

Reducing Rate

AED 1000K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

Saadiq Personal Finance

Minimum Salary

AED 8K

Flat Rate

3.5%

Reducing Rate

6.5%

Loan Amount

AED 1000K

Early Settlement Fee

1%

Arrangement Fee

1%

AED 8K

Minimum Salary

3.5%

Flat Rate

6.5%

Reducing Rate

AED 1000K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

Frequently Asked Questions

Q. Can I avail insurance with this personal loan? If so what're the fees?

A. Yes. Insurance can be availed with this loan but the charges are optional.

Q. Who can avail Standard Chartered personal loan?

A. UAE residents working for Standard Chartered’s approved companies can acquire this loan.

Q. What are different personal loans offered by Standard Chartered?

A. Standard Chartered Salary Transfer loan, Saadiq personal loan.

Q. What’s the early redemption fee charged by Standard Chartered?

A. Early redemption fee charged is AED 105.

Q. How many installment deferments can I avail with this loan?

A. You can postpone your installment payments yearly twice.

Q. If I applied loan with another bank, can I take advantage of Standard Chartered merits of personal loan?

A. Yes. Standard Chartered helps you move your loan to them with an easy process.

Q. Is Liability letter mandatory? If so what’s the fee charged?

A. Liability letter is mandatory for take over loans and AED 100 is charged.

Q. What’s the fees charged for late payment of loan by Standard Chartered?

A. Standard Chartered charges AED 50 to AED 200 on late payment.

Q. My age is above 60. Am I eligible to this loan? If so what is the requirement?

A. Yes. You are eligible for this loan but proof of retirement age in company is essential when age is greater 60 at the time of loan maturity.

About Standard Chartered

A leading international banking group, with a rich history of over 150 years, Standard Chartered Bank (SCB) has been present in the UAE since 1958. SCB offers a range of products under Islamic and Conventional banking and is one of the leading financial institutions in UAE. Their main objective is ‘to offer outstanding value to customers and clients by providing a knowledgeable, efficient and reliable service in a personal, helpful and responsive manner’.

Corporate Values of the Standard Chartered Bank:

  • Knowledge
  • Efficiency
  • Reliability in Service
  • Personal Approach
  • Helpful and Responsive Mannerisms