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Standard Chartered Personal Loan

Standard Chartered Bank

WarningMessage This product is discontinued by the Bank

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

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
  • 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

Frequently Asked Questions

⭐ Do we get installment deferment option along with Standard Chartered salary transfer loan?

A. Yes. You can avail installment deferment option but AED 105 is charged as installment deferment fee.

⭐ How are rates calculated for the given finance?

A. Rates are calculated on a reducing balance for the given finance .

⭐ Is there any early redemption fee or cancellation fee for Standard Chartered loan?

A. Yes, you have to pay 1% of principal outstanding as early settlement fee.

⭐ Is there any cancellation fee on cancelling Standard Chartered loan?

A. Yes, you have to pay AED 105 as loan cancellation fee.

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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