Standard Chartered Saadiq Personal Finance

  • Minimum Salary AED 30,000
  • Flat Rate
  • Reducing Rate 7.55%
  • Max. Term 4 Years
  • Salary Transfer Yes
  • Islamic Finance Yes


A personal finance that allows you to borrow up to 20 times your monthly income. Apply in just five minutes.


Minimum Salary Requirement: AED 30,000

Reducing Rate: 7.55% p.a. (It can vary with the profile of the customer)

Flat Rate: 4.16% p.a. (as per 4 years calculation)

Processing Fees: 1% of the finance amount (Min. AED 500, Max AED 2,500)

Maximum Finance Amount: AED 500,000

Islamic Finance: Yes

Maximum Term: 4 Years

Salary Transfer: Compulsory

Early Settlement Fees: 1% of principal outstanding amount

Takaful: 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

Other Features:  Top up facility.

Documents Required

  • Valid Passport, UAE Residency Visa and Emirates ID (original).
  • Salary Transfer Letter in Standard Chartered Bank format.
  • Salary Certificate (in case of Take Over finance).
  • Latest 3-month bank statement.
  • Liability Letter (in case of Take Over finance).

Additional Info

  • All info mentioned can change at any point in 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 4 years calculation.
  • Shariah Approved: Approved by an independent Shariah Supervisory Committee, so you can bank worry-free while complying with Islamic Banking principles.
  • Terms and conditions apply. 

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Get Help

Jessica Anderson, Finance Specialist is ready to help you!