Minimum Salary Salary Transfer Early Settlement Fees Maximum Term Flat Rate Reducing Rate
Standard Chartered Bank - Saadiq Auto Finance Standard Chartered Bank - Saadiq Auto Finance Minimum Salary: AED 20,000 Salary Transfer: No Early Settlement Fees: - Maximum Term: 5 Years Flat Rate: 2.75% Reducing Rate: 5.19%
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Saadiq auto finance follows the Islamic concept of Murabaha offering competitive profit rates and flexible payment periods.

  • Approved by an independent Shariah Supervisory Committee, so you can bank worry-free while complying with Islamic Banking principles
  • Finance up to AED 1,000,000, depending on your monthly income
  • Pay your Auto Finance in easy monthly payments spread over up to 60 months
  • Choose a car from any of the dealerships located in the UAE
  • Simple Financing Procedure
  • Convenient banking
  • Banking online or on the go
  • Fast processing 
  • No minimum balance
  • Minimum Salary:  AED 20,000 per month
  • Minimum Age is 21 years and Maximum Age is 65 years or company retirement age at finance maturity whichever is lower. Proof of Retirement age in company required for any case where age 60 years at the time of finance maturity
Required Documents:
  • Passport, UAE Residency Visa and valid Emirates ID (original)
  • Salary Certificate
  • 3-month Bank Statement
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
ADCB Islamic Banking - Car Finance
Minimum Salary
AED 5,000
Flat Rate