Standard Chartered Saadiq Used Auto Finance

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Saadiq Used Auto Finance

Minimum Salary

AED 8K

Flat Rate

3.5%

Reducing Rate

6.54%

Loan Amount

AED 1000K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

AED 8K

Minimum Salary

3.5%

Flat Rate

6.54%

Reducing Rate

AED 1000K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

20%

Down Payment

Features

  • Repayment period is up to 84 months
  • Interest rate for the given finance is 3.5%
  • Minimum salary requirement is AED 8,000
  • The reducing rate and the flat rate is 6.54% and 3.5%. This denotes that the computation done was a division of the reduction rate by 1.814
  • Salary transfer is not required
  • Maximum loan amount is AED 1,000,000 that Standard Chartered Bank can provide
  • Early settlement fee is 1% of the finance amount
  • Processing fee is 1% of the finance amount
  • About 20% down payment is required for this finance

Benefits

  • High finance amount is provided by Standard Chartered Bank
  • Low minimum salary requirement is there for given finance
  • Finance can be provided for new as well as used cars
  • Maximum repayment period is of 84 months
  • Documentation is simple
  • Loan can be provided upto 100% vehicle price

Frequently Asked Questions

Q. What if I am self employed. Will I still be able to get loan from Standard Chartered Bank?

A. Yes, Standard Chartered Bank provides loan to self employed individuals also.

Q. Is my information secured with Standard Chartered Bank?

A. Yes, your information is secured in Standard Chartered Bank secure server.

Q. Can I get copy of my credit report?

A. No, Standard Chartered Bank does not allow to give copy of your credit report.

Q. Do we have to provide guarantor while applying for car loan in Standard Chartered Bank?

A. No, as long as you don’t have bad credit score and you satisfy our eligibility criteria, you don’t have to provide guarantor while applying for car loan.

Q. How much car loan will I be eligible for in Standard Chartered Bank?

A. For the given finance you can get 100% of the car value as 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