Credit Bureau Consent, Welcome Offer & General Terms & Conditions

I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

0 People rated this page

Standard Chartered Saadiq Personal Finance

Standard Chartered Bank

WarningMessage This product is discontinued by the Bank

Saadiq Personal Finance

Minimum Salary

AED 15K

Flat Rate

4.16%

Reducing Rate

7.55%

Loan Amount

AED 500K

Early Settlement Fee

1%

Arrangement Fee

1.05%

minimum salary

AED 15K

Minimum Salary

flat rate

4.16%

Flat Rate

reducing rate

7.55%

Reducing Rate

max finance

AED 500K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1.05%

Arrangement Fee

Features

  • Repayment period is up to 4 years
  • Can avail balance transfer facility
  • Both UAE nationals and expats are eligible
  • The loan is provided for a interest rate of 7.55%
  • Minimum salary of AED 15,000 is required
  • The reduction rate and the flat rate is 7.55% and 4.16% respectively. This denotes that the computation done was a division of the reduction rate by 1.814
  • It is mandatory to transfer your salary to apply for this scheme
  • Can get finance up to AED 500,000. Provided a maximum finance of 20 multiples of the salary
  • Early settlement fee is 1% of loan amount
  • Arrangement fee is 1.05% of loan amount

Benefits

  • Repayment period is long
  • Need not maintain minimum balance in the transaction account during the loan tenure
  • Can get free debit card and cheque book on approval of the loan
  • Follow sharia principles
  • Can defer two installments per year

Frequently Asked Questions

⭐ Is the given finance Sharia-compliant?

A. Yes, Standard Chartered personal finance is Sharia-compliant .

⭐ How does Standard Chartered bank calculates interest rates over personal finance?

A. The interest rates are calculated based on a reducing balance that can vary depending on customer profile.

⭐ Does the bank provide installment deferment option with the given finance?

A. Yes, in Standard Chartered you can defer your monthly installments up to 2 times a year.

⭐ Why is personal loan called all-purpose loans?

A. Personal loan is called all-purpose loan because the lender has nothing to do with the purpose with which loan is taken.

⭐ How much money can I borrow from Standard Chartered bank?

A. Depending on your credit history and monthly income, Standard Chartered bank approves your loan amount.

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

   Get in touch with Standard Chartered Customer Care

×

Free for Life Cashback Card with 20% Cashback*