Standard Chartered Saadiq Personal Finance

Minimum Salary
30.000,00 د.إ

Flat Rate
AED 4.16%

Reducing Rate
7.55 %

Maximum Term
4 Years

Monthly Payment
AED 2,013

Description

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.

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.