Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
Standard Chartered Bank - Saadiq Personal Finance Standard Chartered Bank - Saadiq Personal Finance Minimum Salary: AED 30,000 Salary Transfer: Yes Islamic Finance: Yes Maximum Term: 4 Years Flat Rate: 3.92% Reducing Rate: 7.05%
Apply Online Now
Fill in your details below and a product advisor will call you back with more details.
At present, you can't apply for this product via yallacompare.com. But don't worry, by filling in the form below we'll help you find other options that you can apply for!
Some required information is not valid
  • Take-Over Facility 
Transfer your finance from another bank to us at competitive terms.
  • Top-Up finance
If you need additional financing, we offer you a top up as long as you've made regular payments.
  • Instalment Deferment Option
    We offer you the convenience of being able to postpone your monthly payments twice a year.
  • No Minimum Balance
    We waive the minimum balance requirement on your transaction account during your loan period.
  • Convenient Banking 
    24-hour phone banking and mobile banking, that allows you to manage your money and complete your transactions anywhere in the world.
  • Banking Online or on the Phone
Manage your money easily with our award-winning online and mobile banking platform.


Features
  • Access up to AED 1,000,000 at an attractive profit rate
  • Get up to AED 2,500 cashback* upon disbursal when you apply online
  • Profit rates as low as 7.05% p.a. (reducing)
  • Enjoy the convenience of monthly payments up to 4 years
  • Enjoy a wide range of banking services including a free international debit card and a personalised cheque book
  • Approved by an independent Shariah Supervisory Committee, so you can bank worry-free while complying with Islamic Banking principles
Documents Required
  • Passport, UAE Residency Visa and valid Emirates ID (original)
  • Salary Transfer Letter
  • Salary Certificate (in case of taking Over Finance)
  • 3-month Bank Statement
  • Liability Letter (in case of Take Over Finance)
Eligibility
  • UAE Residents working for companies approved by Standard Chartered
  • Minimum Salary: AED 30, 000 per month
  • Minimum Age: 21 years
  • Maximum Age: 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. This could be mentioned on STL, employment Contract or a Company Letter.
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the 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
Citibank - Personal Instalment Loan
Minimum Salary
AED 8000
Flat Rate
-
RAKBANK - Personal Loan
Minimum Salary
AED 5000
Flat Rate
3.85%
Commercial Bank of Dubai - Personal Loan
Minimum Salary
AED 8000
Flat Rate
3.14%
al khaliji France - Personal Loan
Minimum Salary
AED 25000
Flat Rate
-