Check Eligibility for Standard Chartered
Home Loan

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

You may not be eligible * to apply.

* Minimum salary AED 10000 required to apply for a Standard Chartered Home Loan .

*No loan for :User_Nationality available in this page

Click here to check from other banks.

Standard Chartered Home Loan Calculator

Standard Chartered Home Loans in UAE

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Check Eligibility for Standard Chartered Home Loan

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

You may not be eligible * to apply.

* Minimum salary AED 10000 required to apply for a Standard Chartered Home Loan .

Click here to check loans from other banks.

Standard Chartered Home Loan Calculator

Features of Standard Chartered Home Loan

  • 5 Minute Loan Application Process
  • Super Fast Approvals
  • Highly Competitive Rates(3.35% p.a.)
  • Flexible Repayment Tenures (25 years)
  • Loan Take-Over Facility
  • Value Added Banking Services
  • No Minimum Balance Requirement
  • Shariah-Compliant Islamic Home Finance Option

Documents Required of Standard Chartered Home Loan

  • Copy of Valid Passport
  • Copy of Residency Visa (For Expatriates)
  • Copy of a valid Emirates ID (For UAE Nationals)
  • Salary Transfer Letter (For Salaried Only)
  • Copy of Trade License (For Self-Employed)
  • Property Details

Note: The bank may ask for documents if it sees necessary. For details, visit the nearest branch.

Standard Chartered Home Loan Interest rates

Standard Chartered Bank

2 Standard Chartered Bank Home Loans

Home Suite

Minimum Salary

AED 10K

Flat Rate

1.85%

Reducing Rate

3.35%

Loan Amount

AED 18000K

Early Settlement Fee

1.05%

Arrangement Fee

0.525%

Down Payment

20%

Repayments Up To

25 Years

minimum salary

AED 10K

Minimum Salary

flat rate

1.85%

Flat Rate

reducing rate

3.35%

Reducing Rate

loan amount

AED 18000K

Loan Amount

early settlement fee

1.05%

Early Settlement Fee

arrangement fee

0.525%

Arrangement Fee

down payment

20%

Down Payment

repayment

25 Years

Repayments Up To

Advantages
  • Free debit card
  • Life takaful is not mandatory
  • Discounts on frequent payments
Advantages
  • Free debit card
  • Life takaful is not mandatory
  • Discounts on frequent payments

Features

  • Priority banking services are provided on approval
  • Home Finance is provided at a fixed interest rate of 1.85%
  • Minimum salary of AED 10000 is required
Apply Now

Features

  • Priority banking services are provided on approval
  • Minimum salary of AED 10000 is required
  • Home Finance is provided at a fixed interest rate of 1.85%
  • Home Finance is provided on a reducing interest rate of 3.35% within fixed rate period, thereafter it will be repriced annualy based on Prescribed Margin + 12M EIBOR
  • Salary transfer to SCB account is optional
  • The loan is provided for a maximum tenure of 25 years
  • Getting your property insured is mandatory
  • 0.525% of the total loan amount is charged as processing fees
  • Maximum loan amount provided is AED 18000000
  • UAE Nationals: 20% of the property value should be paid as the down payment
    Expats: 25% of the property value should be paid as the down payment
  • 1.05% of outstanding loan amount is charged on early settlement or AED 10,500 whichever is lower

Benefits

  • Provides pre approval details
  • Current account is provided for zero minimum balance requirement
  • Additionals discounts are provided on regular transactions
  • Provides top up facility
  • Can get finance for under construction property
  • Low processing fees
  • Quick approval of loan
  • Hassle free documentation
Apply Now
View Details

View details on bank page

Saadiq Home Finance

Minimum Salary

AED 10K

Flat Rate

1.85%

Reducing Rate

3.35%

Loan Amount

AED 18000K

Early Settlement Fee

1.05%

Arrangement Fee

0.525%

Down Payment

20%

Repayments Up To

25 Years

minimum salary

AED 10K

Minimum Salary

flat rate

1.85%

Flat Rate

reducing rate

3.35%

Reducing Rate

loan amount

AED 18000K

Loan Amount

early settlement fee

1.05%

Early Settlement Fee

arrangement fee

0.525%

Arrangement Fee

down payment

20%

Down Payment

repayment

25 Years

Repayments Up To

Advantages
  • Free debit card
  • Life takaful is not mandatory
  • Follows Sharia laws
Advantages
  • Free debit card
  • Life takaful is not mandatory
  • Follows Sharia laws

Features

  • This follows takaful principles
  • Home Finance is provided at a fixed interest rate of 1.85%
  • Minimum salary of AED 10000 is required
Apply Now

Features

  • This follows takaful principles
  • Minimum salary of AED 10000 is required
  • Home Finance is provided at a fixed interest rate of 1.85%
  • Home Finance is provided on a reducing interest rate of 3.35% within fixed rate period, thereafter it will be repriced annualy based on Prescribed Margin + 12M EIBOR
  • Salary transfer to Standard Chartered Bank account is optional
  • The loan is provided for a maximum tenure of 25 years
  • Property insurance is compulsory; Life Takaful is not mandatory
  • 0.525% of the total loan amount is charged as processing fees
  • Maximum loan amount provided is AED 18000000
  • UAE Nationals: 20% of the property value should be paid as the down payment(On ready properties)
    Expats: 25% of the property value should be paid as the down payment(On ready properties)
  • 1.05% of outstanding loan amount is charged on early settlement or AED 10,500 whichever is lower

Benefits

  • Saadiq finance is provided on low-profit rates
  • It is based on sharia-compliant
  • Quick processing of loan
  • Low Processing fees
  • The free debit card is provided on the approval of the loan
  • Life Takaful is not mandatory
  • 24/7 banking services are provided
Apply Now
View Details

View details on bank page

Frequently Asked Questions

⭐ What is the processing fee charged on balance transfer?

A. There are no processing fees charged on availing balance transfer of home finance.

⭐ Is the home finance based on Sharia laws?

A. Yes. Standard Chartered Saadiq Finance is based on Sharia principles.

⭐ What are the benefits that can be availed on Standard Chartered Home loan?

A. Standard Chartered bank provides a free debit card on their home finance.

⭐ How much time does it take for approval?

A. Standard Chartered bank takes 2-7 days for the approval of the loan.

⭐ For how long the fixed interest rate is charged at SCB?

A. SCB charges fixed interest rates for the first two years of the loan.

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

   Get in touch with Standard Chartered Customer Care

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