Standard Chartered MortgageOne

  • Minimum Salary AED 10,000
  • Flat Rate
  • Reducing Rate 3.55%
  • Max. Term 25 Years
  • Salary Transfer No
  • Islamic Finance Yes


Your current account and your home loan are linked together, with interest calculated on the difference between your loan balance and the money in your account. So you’ll take years off your mortgage and pay less interest as compared to a traditional home loan.

Major Advantage: Interest savings, Flexibility to withdraw funds at any time

Rate Card

Reducing Balance Rate 

  First  2 Years Rate Third Year Rate
MortgageOne *Minimum 3.55% p.a for 2 years 12 Months EIBOR + 1.2%


*Terms & Conditions apply


Major Benefits:

  • Shorter Loan Period: Since your payments go more towards your principle amount and less towards the interest, your loan tenure will be shorter.
  • Interest Savings: Interest is calculated daily on the difference between your loan balance and the money in your account.
  • Flexibility to withdraw funds at any time


Interest Rates & Charges:

Reducing Rate (as advertised): Minimum 3.55% p.a.

Flat Rate:  2.04%* (calculated as per 25 years calculation)

Processing Fees: 0.5% of the finance amount (Nil for Balance Transfer)

Property valuation Fees: Up to AED 2,500 (AED 3,500 for express)

Early Settlement Fees: 1% of outstanding amount (3% on Buyout)

Partial Settlement Fees: 1% of settlement amount 


Finance Requirements:

Minimum Salary Requirement: AED 10,000

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 million

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



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

Property Insurance: 0.046% 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).
  • Relevant property Documents.


Salaried Client Documents:

  • Latest Salary Certificate addressed to SCB BANK.
  • Latest 6 Months Personal Bank Statement.
  • Six months Pay slips if there is variance in Salary.
  • Salary Transfer Letter.


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 Accounts 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!