Standard Chartered Home Suite

  • Minimum Salary AED 15,000
  • Flat Rate
  • Reducing Rate 2.5%
  • Max. Term 25 Years
  • Salary Transfer No
  • Islamic Finance Yes


The Standard Chartered Home Suite Bundle Account has everything you need to own the perfect home. With its additional features the experience of buying your dream home will be even more enriching.

Major Advantage: Low salary requirement, High finance amount

Points to Consider: There is a downpayment requirement

Rate Card

Reducing Balance Rate 

  Fixed rate   Rate after fixed period
Salaried 2.50% p.a.  for 1Y fixed 12 Months EIBOR + 1.75% (Min. 2.99%)
2.75% p.a.  for 3Y fixed 12 Months EIBOR + 1.75% (Min. 2.99%)
3.25% p.a.  for 5Y fixed 12 Months EIBOR + 1.99% (Min. 3.25%)
Self Employed 2.75% p.a.  for 1Y fixed 12 Months EIBOR + 1.99% (Min. 3.25%)
2.99% p.a.  for 3Y fixed 12 Months EIBOR + 1.99% (Min. 3.25%)
3.49% p.a.  for 5Y fixed 12 Months EIBOR + 2.25% (Min. 3.50%)



Interest Rates & Charges:

Reducing Rate (as advertised):  Starting from 2.50% p.a. fixed for 1 year

Flat Rate: 1.38%* p.a. (calculated as per 25 years calculation)

Processing Fees: 0.2625% of loan amount (Nil for balance transfer and blanket valuation)

Property valuation Fees: AED 3,000 (AED 3,625 for express) (Nil for balance transfer and blanket valuation)

Early Settlement Fees: 1.05% of total loan/finance outstanding or AED 10,500 whichever is lower (Nil for sale)

Partial Settlement Fees: Free for settlement of up to 30% of outstanding per calender year, otherwise 1.05% of amount being settled or AED 10,500, whichever is lower


Finance Requirements:

Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 Months for salaried; 2 Years for self-employed

Salary Transfer: Not Compulsory

Minimum Down payment:

  • For first property/self-occupancy (If property price < AED 5M): 20% for UAE national, 25% for Expats
  • For first property/self occupancy (If property price > AED 5M): 30% for UAE national, 35% for Expats
  • For second property or IPRE/Investment: 35% for UAE national, 40% for Expats
  • For Under Construction Properties: 50% of property price


Key Details:

Maximum Finance Amount: AED 18,000,000

Islamic Finance: Yes

Maximum Term: 25 Years

Finance available for: Almost all ready properties in Dubai, Abu Dhabi & Ras Al Khaimah and Under Construction properties to selected developer and segments; Also available for commercial property finance



Life Insurance: 0.3% p.a. of loan amount (Optional)

Property Insurance:  0.0483% p.a. (on property value)

Documents Required

Common Documents:

  • Valid Passport, Resident Visa and Emirates ID Copy.
  • Offer Letter Copies of All Personal Ongoing Finance.
  • Rental Income Document (If any).                      
  • Liability Letter (In case of Buyout Finance only). 


Salaried Client Documents:

  • Latest Salary Certificate addressed to Standard Chartered Bank.
  • Latest 6 Months Salary Bank Statement.
  • Six months Pay slips if there is variance in Salary.


Self-Employed Client Documents:

  • Valid Company Trade license.
  • MOA (Memorandum of Association) including all amendments.
  • Latest 6 Months Personal Bank Statement.
  • Latest 6 Months Company Bank Statement.
  • Audit Financials of last 2 years.
  • Offer Letter Copies of All Company Ongoing Finance.

Additional Info

  • All info mentioned can change at any point of time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.
  • Reducing rate is converted into flat rate as per 25 years calculation, which is an approximate rate.
  • Terms and conditions apply.

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Jessica Anderson, Finance Specialist is ready to help you!