Standard Chartered Bank Saadiq Personal Finance

Personal Loan up to 8 times your Salary

Personal Loan in UAE
  • Minimum Salary 5000 AED
  • EMI Tenure up to 48 Months
  • Lowest Interest Rates

Get personal loan at Lowest Interest Rate

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  • Dubai
  • Abu Dhabi
  • Sharjah
  • Ras Al Khaimah
  • Ajman
  • Other

Parameters 

Details

Maximum Loan Amount

AED 500,000

Profit Rates Starting From (Per Annum)

7.55% (reducing rate) 

4.16% (flat rate)

Maximum Loan Tenure 

Up to 48 months

Salary Transfer Required

Yes

Minimum Salary Requirement 

AED 30,000 per month

Click here to Apply for Standard Chartered Bank Saadiq Personal Finance

Standard Chartered Bank (SCB) is among the leading banks in the UAE and it is known for its efficient financial solutions. Saadiq Personal Finance is one such product of the bank, where you can access an affordable personal loan in UAE with an adequate loan amount.

This Standard Chartered Bank personal loan is Shariah-compliant, meaning that you do not have to compromise on Islamic beliefs while enjoying the benefits of this loan. 

Features & Benefits of Standard Chartered Bank Saadiq Personal Finance

Taking a Saadiq personal finance loan can bring a large number of benefits. Let's take a look at a few of them:

  • Shariah-Approved Personal Finance - Standard Chartered Bank has ensured that users can get one of the best Islamic finance products at nominal rates. This type of SCB personal loan is an excellent financial product that adheres to Islamic laws while also proving useful for customers.
  • Maximum Financing - Besides being Shariah-compliant, the Saadiq personal loans offer a large amount of financing for different requirements. With this Standard Chartered personal loan plan, you can get a loan of up to AED 500,000.
  • Attractive Profit Rates - Repaying the Saadiq personal loan in UAE is highly convenient owing to the minimal profit rate it comes with. The profit rates for this SCB personal loan in UAE start are as low as 4.16% per annum. 
  • Ease of Repayment - If you opt for Standard Chartered Bank, you can get a personal loan in UAE at flexible tenures. Thus, you can choose a tenure for repayments at your convenience under the maximum limit for this Standard Chartered personal loan, which is 4 years. 
  • Take-Over Facility - You can avail of a personal loan from Standard Chartered bank even if you have a loan from another bank with the Take-over facility. The Saadiq personal loan offers a competitive profit rate compared to other loans in this case.
  • Get the Benefit of Deferment - SCB personal loans offer an instalment postponement up to 2 times a year. Consequently, you can take advantage of this facility at times of difficulty and continue repaying this loan once your financial issue is resolved.
  • Around-the-Clock Banking - Standard Chartered Bank offers convenient mobile and phone banking options, allowing you to manage your loan repayments and other aspects from anywhere in the world.

Check loan eligibility and apply personal loan

Eligibility Criteria for Standard Chartered Bank Saadiq Personal Finance in UAE

There are certain requirements that an applicant must meet in order to apply for Saadiq Personal Finance at Standard Chartered Bank.

Minimum Age Requirement for Standard Chartered Bank Saadiq Personal Finance 

21 years 

Maximum Age Limit for Standard Chartered Bank Saadiq Personal Finance

65 years

Income Requirement for Standard Chartered Bank Saadiq Personal Finance

You will be required to provide the proof of stable salary to apply for any personal loan in UAE, with the banks mandating a minimum salary requirement. Here's what the Standard Chartered Bank demands

Minimum Salary Requirement 

AED 30,000 per month

Apply personal loan with maximum benefits

Profit Rates for Standard Chartered Bank Saadiq Personal Finance 

After seeing the requirements and eligibility of the Saadiq Personal loan, let’s look at the profit rates associated with this Standard Chartered personal loan in UAE.

Profit Rates of Saadiq Personal Loan 

Reducing rate: Starting at 7.55% per annum

Flat rate: Starting at 4.16% per annum

Documents Required for Standard Chartered Bank Saadiq Personal Finance

If you want to apply for an SCB personal loan without much hassle, you would need to keep the following documents handy.

  • Passport and Visa Page copy or Emirates ID (in the case of UAE Nationals)
  • Salary Certificate
  • Past three month's bank account statements
  • Salary credit bank account statements
  • Salary transfer letter
  • Liability Letter (in case of taking over from some other bank)

Check loan eligibility and apply personal loan

How to Apply for Standard Chartered Bank Saadiq Personal Finance?

Getting a loan is a tedious task, and visiting the bank branches for a loan adds to the hassle. To simplify the process and get the best loan quotes in the country after a thorough comparison, you can rely on Policybazaar UAE. Policybazaar.ae is your ultimate stop for your financial requirements related to information and comparison of the top products. You can simply sit back and see the details of the best deals regarding the personal loan in UAE and other loans and products. 

This is how you can get the best deals from Policybazaar UAE in some simple steps:

  • Step 1 - Visit the Policy Bazaar UAE website which has numerous options for people looking for good insurance, financial products, etc. For now, head on to the ‘Banking products’ option for taking a personal finance loan.
  • Step 2 - Enter your details like name, email address, monthly income, and more in the short form provided there.
  • Step 3 - Submit your details to dive into a vast sea of loan offers.
  • Step 4 - Think wisely and weigh the pros and cons of each loan quote before opting for one.
  • Step 5 - Apply for a particular loan quote like the SCB personal loan directly there.
  • Step 6 - An executive from Policyazaar UAE will reach out to you to help you further with your application.

You can also apply for Standard Chartered Bank Saadiq Personal Finance on the official SCB website or one of the bank branches. Visit the official website or a branch and obtain the online (or offline) form. Fill it out and submit it with any mentioned documents to complete the process. After that, you will be contacted by the bank to move ahead with your application.

FAQs 

I'm an ex-pat living in the UAE. Can I apply for the Sadiq Personal Loan at Standard Chartered Bank?

Yes, you can apply for the Sadiq Personal loan as it is available for UAE nationals and expatriates.

What is the late payment penalty for Standard Chartered Bank Saadiq Personal Loan?

As the penalty rate for delayed settlements can vary, one should verify the same with the bank when applying for this SCB personal loan.

Do I need to provide collateral to get a Sadiq Personal Loan?

No, Standard Chartered Bank personal loans usually do not require collateral.

How can I repay my Saadiq Personal loan?

The Standard Chartered Bank mandates salary transfer for every personal loan seeker. This helps you transfer your repayments to the bank's account directly with your salary. Nevertheless, if you wish, you can settle your loan early with a nominal fee.

Do I need an account at the Standard Chartered Bank to take the Sadiq Personal Loan?

Yes. To get the Saadiq Personal loan, you must have a bank account at the Standard Chartered Bank.

Reviews & Ratings

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