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 15000 required to apply for a Standard Chartered Personal Loan .

*No loan for :User_Nationality available in this page

Click here to check from other banks.

Standard Chartered Personal Loan Calculator

Standard Chartered Personal Loans in UAE

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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 15000 required to apply for a Standard Chartered Personal Loan .

Click here to check loans from other banks.

Standard Chartered Personal Loan Calculator

Standard Chartered Personal Loan Details
Maximum Loan Amount AED 500K
Early Settlement Fees 1% of the outstanding loan amount
Arrangement Fees 1.05% of the approved loan amount
Tenure 48 months
Age 21 - 60 years(Expats) & 65 years(UAE Nationals)
Minimum Salary AED 15,000 per month
Interest Rates Flat rate: 3.88% | Reducing rate: 7.05%

Features of Standard Chartered Personal Loan

  • Maximum loan amount of up to AED 500,000
  • Maximum loan tenure of 48 months
  • Monthly reducing Interest / Profit rates starting from 7.55% p.a.
  • 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 :

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

Fees and Charges

  • Loan processing fee : 1.05% of the loan amount (Minimum 525 AED and Maximum 2625 AED)
  • Late Payment Fee : AED 50
  • Loan rescheduling fee : AED 262.50
  • 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

  • Loan applicants company must be listed with Standard Chartered bank's list of approved companies
  • Minimum salary requirement of AED 15,000
  • Both UAE nationals and expats are eligible

Standard Chartered Personal Loan Interest rates

Standard Chartered Bank

2 Standard Chartered Bank Personal Loans

Personal Loan

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

loan amount

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
  • The reduction rate and the flat rate is 7.55% and 4.16%. The Flat rate is calculated by division of the reduction rate by 1.814
  • Minimum salary of AED 15,000 is required

Features

  • Repayment period is up to 4 years
  • The reduction rate and the flat rate is 7.55% and 4.16%. The Flat rate is calculated by division of the reduction rate by 1.814
  • Minimum salary of AED 15,000 is required
  • It is mandatory to transfer your salary to apply for this scheme
  • Finance up to AED 500,000
  • Early settlement fee is 1% of loan amount
  • Arrangement fee is 1.05% of loan amount

Benefits

  • Can get up to AED 500,000 loan amount
  • Can postpone loan installments twice a year
  • Need not maintain minimum balance in the account during the tenure of the loan
  • Can top-up the existing loan

View details on bank page

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

loan amount

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

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

View details on bank page

Frequently Asked Questions

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 Personal loan and Saadiq Personal Loan.

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

A. 1% of the outstanding loan amount is charged as an early settlement fees.

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 52.50 is charged.

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

A. Standard Chartered charges 2% of the delayed installment amount as late payment fee.

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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