Best Home Loans to buy your dream home
T&C Apply
Compare and get the best loan
With over 80,000 employees, Standard Chartered is a promising international banking group that enjoys its 150-year-old history and expertise in some of the most dynamic markets globally. Initially, Standard Chartered opened its first branch in Sharjah, UAE back in 1958. Over time, the group started introducing a pool of branches all over the globe. Today, the regional hub of Standard Chartered is in Dubai. It is also the hub for its Islamic Banking arm, Standard Chartered Saadiq.
The bank aims to provide excellent value to its clients by offering efficient, knowledgeable, and genuine services related to banking, investments, protection plans and mortgage loans. Alongside, Standard Chartered provides a vast pool of Islamic and conventional banking services for every kind of customer including retail, commercial, private, and corporate. Besides this, the bank takes a phenomenal customer approach with utmost professionalism. In a nutshell, Standard Chartered is dedicated to helping you sort your finances in the best way be it banking, protection or mortgage loans.
Below is a list of different types of Standard Chartered home loans.
Holding a comprehensive suite of features, the home suite bundle is one of the best loan types that offer additional features to individuals who are looking forward to buying their dream house. Following are a few key details about this product:
Verified by an independent Shariah Supervisory Committee, the Saadiq Home Finance has its foundation based on the Ijarah (rent to own) idea. It offers:
Also referred to as the MOA, the MortgageOne Account is a Standard Chartered Bank current account that is associated with the home loan facility. Note that the MortageOne account is accessible in AED only. The key features include:
The SaadiqOne Account (SOA) is typically an Islamic variant of the MOA. It is Shariah-compliant. Similar to MOA, the SaadiqOne current account is linked to the Home Loan facility. SOA is available across UAE Dirham only. You can get features like:
Although each of the loan types comes with its set of features and benefits, there are a few features that come in handy irrespective of the loan you choose. To make your decision more robust and accurate, here is a brief list of exclusive features of home loans that Standard Chartered offers. Let’s have a look:
Given below is a comprehensive list of Standard Chartered home loan eligibility criteria for both UAE nationals and ex-pats to apply for home loans and mortgage loans.
Type of Loan |
Maximum Tenure |
Maximum Amount |
Rate of Interest |
---|---|---|---|
Home Suite |
25 years |
AED 18 Million |
2.22% |
Saadiq Home Finance |
25 years |
AED 18 Million |
2.22% |
MortgageOne Account |
25 years |
AED 18 Million |
2.5% |
SaadiqOne Account |
25 years |
AED 18 Million |
2.5% |
Note the documents required to apply for Standard Chartered Mortgage loan:
Applying for a Standard Chartered mortgage loan is quite easy. First and foremost, you need to select the type of home loan among the four types of loans offered by the bank. Consequently, follow the steps listed below:
At this stage, your application gets submitted and a bank executive gets back to you soon. You are notified of your loan approval on the registered mobile number/mail ID. For detailed information, you can write to Standard Chartered.
The Standard Chartered Mortgage calculator helps you to determine and calculate the total home loan equal monthly instalments in a facile manner. It is an online tool that helps plans your finances.. All you need to do is enter a few details following which you can get your finance details:
Details to be Entered
Upon entering the details and proceeding in the Standard Chartered home loan calculator, you will find your EMI towards your Standard Chartered home loan. You can also alter the variables (loan amount/tenure) to fit the instalment in your budget.
The terms and conditions applicable for Standard Chartered Home Loan are as follows:
While you might still get dicey about taking a home loan in UAE, you can rest assured about the prestige and reliability of Standard Chartered Bank. Being well-known and prominent, taking a home loan through Standard Chartered denotes that you don't have to worry about the specifics a lot. All you need to check is your eligibility for the loan and there you go.
Irrespective of what loan services you are looking forward to gaining, Standard Chartered is dedicated to serving you with the smallest benefits of home loan facilities at competitive rates and pricing. Needless to say, Standard Chartered takes a phenomenal customer service approach that helps customers strengthen their decision of opting for a Standard Chartered home loan.
The best part is, that individuals can get in touch with the experts at Standard Chartered anytime to seek property/home loan advice. The team at Standard Chartered is highly responsive, professional, and genuine and is dedicated to providing the best services to its customers.
Yes. Standard Chartered finance completed residential properties in Leasehold and Freehold areas in Abu Dhabi and Dubai.
Initially, the individuals need to meet the Standard Chartered home loan eligibility criteria. Once an individual meets the requirements, they are qualified to take up to AED 18 Million as loan amount on any residential or completed property in accordance with the list of approved developments of the bank.
Typically, yes. The option of converting the current/existing home loan facility to a MortgageOne account is available. For detailed information on this, contact your relationship manager or Mortgage advisor. You can even contact the Home Finance Service Desk of Standard Chartered Bank.
Some of the reasons for your home loan rejection could be:
Some factors that determine home loan eligibility at Standard Chartered are: