Minimum Salary Requirement: AED 30,000
Reducing Rate: 7.05% p.a. (It can vary with the profile of the customer)
Flat Rate: 3.76% p.a. (as per 4 years calculation)
Processing Fees: 1% of the loan amount (Min. AED 500, Max AED 2,500)
Maximum Finance Amount: AED 1,000,000
Islamic Finance: No
Maximum Term: 4 Years
Salary Transfer: Compulsory
Early Settlement Fees: 1% of principal outstanding amount
Insurance: Not Compulsory
Holiday Period: Yes, you may defer two instalment payments in a 12 month period. Subject to eligibility
Salaried/Self Employed: Only Salaried customer can apply
- Minimum Balance requirement on transaction account is removed during loan period.
- Top up facility.
- Standard Chartered Bank will give you AED 2,500* upon successful disbursal of your loan.