More Details on Personal Loan

1. Take-Over Facility: Transfer your finance from another bank to us at competitive terms.
2. Top-Up finance: If you need additional financing, we offer you a top up as long as you've made regular payments.
3. Instalment Deferment Option: We offer you the convenience of being able to postpone your monthly payments twice a year.
4. No Minimum Balance: We waive the minimum balance requirement on your transaction account during your loan period.
5. Convenient Banking: 24-hour phone banking and mobile banking, that allows you to manage your money and complete your transactions anywhere in the world.
6. Banking Online or on the Phone: Manage your money easily with our award-winning online and mobile banking platform.

Features

1. Access up to AED 1,000,000 at an attractive profit rate
2. Get up to AED 2,500 cashback upon disbursal when you apply online
3. Profit rates as low as 7.05% p.a. (reducing)
4. Enjoy the convenience of monthly payments up to 4 years
5. Enjoy a wide range of banking services including a free international debit card and a personalised cheque book
6. Approved by an independent Shariah Supervisory Committee, so you can bank worry-free while complying with Islamic Banking principles

Documents Required

1. Passport, UAE Residency Visa and valid Emirates ID (original)
2. Salary Transfer Letter
3. Salary Certificate (in case of taking Over Finance)
4. 3-month Bank Statement
5. Liability Letter (in case of Take Over Finance)

Eligibility

1. UAE Residents working for companies approved by Standard Chartered
2. Minimum Salary: AED 30, 000 per month
3. Minimum Age: 21 years
4. Maximum Age: 65 years or company retirement age at finance maturity whichever is lower.
5. Proof of Retirement age in company required for any case where age > 60 years at the time of finance maturity. This could be mentioned on STL, employment Contract or a Company Letter.