Standard Chartered Bank UAE Home Loans

Minimum Salary
0,00 د.إ

Description

Standard Chartered UAE offers two main home‐financing solutions—Home Suite (classic mortgage) and MortgageOne (offset‐linked)—alongside Saadiq Home Finance (Islamic Ijarah). They provide fixed rates from 1.95% p.a. for nationals and 2.99%–4.49% p.a. for fixed tenors, fully variable rates from 2.14% p.a. (3M EIBOR + 1.39%), loan amounts up to AED 18 million, tenors up to 25 years, a 1.05% arrangement fee (min AED 1,575), capped prepayment/settlement fees of 1.05% (max AED 10,500), and benefits like rate discounts for Premier clients, offset interest savings, and no‐penalty sale‐driven waivers.

Features

Eligibility Criteria

Age: 21–65 years (salaried); up to 70 years at maturity (self‐employed)
Residency: UAE nationals, expatriates, PIO/OCI with valid visa
Minimum Income: AED 15,000/month (salaried) or AED 300,000 annual turnover (self‐employed)
Employment Tenure: ≥ 6 months in current role (salaried) or ≥ 3 years business history (self‐employed)
Credit Profile: Clean UAE credit bureau record
Down-Payment: 20% (off‐plan); 15% (completed) for nationals; 20% for expats

Loan Products, Amount & Tenor

Product	Amount (AED)	LTV	Tenor	Structure
Home Suite	350,000–18,000,000	85% (nationals); 80% (expats)	60–300 months (5–25 years)	Fixed/Variable Mortgage
MortgageOne Account	350,000–18,000,000	85%/80%	60–300 months	Offset current account link
Saadiq Home Finance	350,000–18,000,000	85%/80%	60–300 months	Ijarah Muntahia Bittamleek

Interest/Profit Rate Options

Fixed Introductory Rates:
- Nationals:95% p.a. (1 year) via Home Suite
- General: 2/3/5 years at 2.99% / 3.49% / 3.99% / 4.49% p.a.
Variable Rates:
- EIBOR (3M) + 1.39% margin, floor 2.14% p.a.
- Repricing quarterly
MortgageOne Offset:
- Fixed 3.40% p.a. for first 24 months, then variable
- Interest calculated on (loan – current account balance)
Saadiq Ijarah Profit Rate:
- Mirrors conventional pricing; profit charged instead of interest

Detailed Schedule of Fees

Fee Type	Charge
Arrangement / Processing Fee	1.05% of loan (min AED 1,575; max AED 10,500)
Property Valuation Fee	AED 2,625 per valuation
Early Settlement / Partial Prepayment	1.05% of prepaid/outstanding (max AED 10,500); waived if sale‐driven
Late Payment Penalty	AED 420 per missed instalment
Account Statement & NOC	AED 150 per document
Cooling‐Off Period	5 working days revocation without penalty
Loan Rescheduling / Cancellation	AED 250 (reschedule) / AED 150 (cancel)
Offset Account Maintenance	Nil (MortgageOne)
Saadiq Study & Documentation Fee	Included in arrangement fee
Legal & Enforcement Costs	Actual solicitor‐and‐client expenses

Documents Required

Passport copy, Emirates ID, UAE visa page (expats)
Salary certificate with last 3 months’ payslips (salaried)
Audited financials and trade license (self‐employed)
Last 6 months’ bank statements; liability letter
Sales & Purchase Agreement; Title Deed/Oqood; valuation report
Life insurance evidence (Home Suite/MortgageOne) or Takaful proposals (Saadiq)

Additional Info

Premier & Private Banking Discounts: Reduced rates and fees for HSBC Premier and Global Private Banking clients
Offset Savings: MortgageOne lowers interest by offsetting deposit balances against the loan
Competitive Fixed Introductory Rates: Market‐leading 1.95% p.a. for nationals on Home Suite
Flexible Rate Switching: Option to switch between fixed and variable regimes post-introductory period
No‐Penalty Sale‐Driven Waiver: Early settlement fees waived when closing via property sale
Digital Mortgage Service: Online application, pre‐approval in ~60 minutes, and e-statement management
Overpayment Allowance: Up to 25% of outstanding per annum without fee
Sharia’h-Compliant Option: Saadiq Home Finance under Ijarah for Islamic financing
Dedicated Mortgage Specialists: Personalized guidance through application and disbursement