The Standard Chartered Bank Saadiq Auto Finance helps you drive away in the car of your choice. Saadiq Auto Finance follows the Islamic concept of Murabaha offering competitive profit rates along with flexible payment periods, reliable after-sales service and is available for financing both new and used/ pre-owned cars.
Major Advantage: High Finance amount
Points to Consider: There is down payment required, Finance available for new car only
Profit Rate: 2.75% flat rate p.a.
Processing Fees: 1.05% of finance amount (Min AED 525, Max 2,625)
Minimum Salary Requirement: AED 20,000
Down Payment Required: 20%
Repayment Period: 5 Years
Early Settlement Fees: 1.05% of outstanding amount
Sharia Compliant: Yes
Salary Transfer Required: No
Maximum Finance Amount: AED 1,000,000
Holiday Period: Not available