MortgageOne Account* is the smart way to finance your home. Your current account and your home loan are linked together, with interest calculated on the difference between your loan balance and the money in your account. So you’ll take years off your mortgage and pay less interest as compared to a traditional home loan.


  • Shorter loan period

    Since your payments go more towards your principal amount and less towards the interest, your loan tenure will be shorter and you’ll pay off your mortgage faster.

  • Interest savings

    Interest is calculated daily on the difference between your loan balance and the money in your account, reducing your overall interest cost.

  • Facility to withdraw

    You can withdraw the interest you save plus the money in your account whenever you need it – 24/7 access to your MortgageOne funds.

  • Complete flexibility

    Loans up to AED 18 Million, Offered for residential, completed or under-construction properties as per our list of approved developments. Conventional and Islamic finance options are available. *

How it works

Your current account and home loan are linked together, with the money in your account offset against your loan balance up to a maximum cap of 75%. * *

Here’s how you can save significantly on your interest and pay your mortgage faster.


1. What is MortgageOne Account (MOA)?

The MortageOne Account is a Standard Chartered Bank (the “Bank”) current account and is linked to the Home Loan facility. MOA is available in UAE Dirham only.

2. How does MOA work?

The current account and the Home Loan facility are linked together. The principal outstanding of the Home Loan will be offset against the balance in the current account on a daily basis for the purpose of calculating interest. This means you can pay off your Home Loan faster, because your payments are going more towards your principal amount and less towards the interest.


  • Loan Amount: AED1 Million
  • Interest Rate: 3.75% p.a.
  • Tenor: 25 Years
  • Deposit Balance in CA: AED 400K
Standard Mortgage Product

First month repayment (without offset)
Standard Mortgage Product

First month repayment (with offset of AED 400K in CA)
Instalment: AED 5,141.31
(= Interest AED 3,125 + Principal AED 2,016.31)

Principal Outstanding: AED 997,983.69
Instalment: AED 5,141.31
(= Interest AED 1,875* + Principal AED 3,266.31**)

Principal Outstanding: AED 996,733.69

* Interest is calculated on AED 600K (= 1Mil – 400K)
** Principal component is higher than standard mortgage product by AED 1,250, which is equal to the amount of interest saved by the client.

*Rates and Numbers are for illustration purposes only and do not take into account daily balance variations

In the above example, when you pay your instalment, the instalment components are adjusted to accommodate the lower interest payable. Hence, interest payable is minimized and principal outstanding is reduced at a much faster rate. This will result in the loan amount being paid off in a shorter period of time.

Note: An offset cap is applicable on the Home Loan balance and it is based on the cap you select at the time of application. The offset is up to a maximum of 75% of the Home Loan balance.

An offset fee will be charged on the anniversary of the initial disbursal and for the duration of the Home Loan facility. The cap ranges and their corresponding offset fees are decided by the Bank.

3. What is the Withdrawal Facility?

The Withdrawal Facility is a key benefit of the MOA. The interest you save as a result of the offset, referred to as the Available Limit, will be available to you for withdrawal. This will increase your loan outstanding balance up to the Preset Safety Limit (defined as below under point no. 7)

4. Who is eligible for MOA?

UAE residents (Nationals and Expatriates) can apply for MOA subject to the provision of required documentation and criteria.

5. What are the various types of Home Loan products that can be availed under MOA?

MOA is available for residential properties, completed and under construction financed by the Bank.

6. What are the fees applicable to MOA?

Please refer to our Service and Price Guide available on our website at www.sc.com/ae for the fees applicable on the Home Loan and MortgageOne Account.

Important fees to note are:

  1. Offset Fee is charged on the anniversary of the initial disbursal and for the duration of the MOA. The offset fee is based on the offset cap selected and it is applicable on the Preset Safety Limit (PSL).
    Offset Cap up to 25% 25.01% up to 50% 50.01% up to 75%
    Offset Fee 0.25% 0.5% 1%
  2. Conversion Fee of 0.5% is charged on the outstanding loan amount for switching from MOA to a traditional Home Loan and vice versa.

7. What is a Preset Safety Limit?

The Preset Safety Limit (PSL) is the outstanding Home Loan amount as per the standard payment schedule (i.e.it does not take into consideration the deposit balance or offset).

8. Is there a Minimum Balance required on the MOA?

There is no minimum balance requirement.

9. How does a MOA differ from a traditional Current Account?

You can use your MOA in the same manner as a traditional Current Account in terms of deposits and withdrawals.

10. Will I get a periodic statement for tracking the payments or transactions in this account?

A monthly consolidated statement will be provided for MOA, which will give details on your Account and Home Loan. The statement will be sent to your registered email address and will also be available on Standard Chartered Online Banking. If you opt for it, you will receive a physical statement. Please note that physical statements may be subject to charges as per the Service & Price guide.

11. How can I track the interest saved under MOA?

The information on interest saved will be available as part of the monthly MOA statement.

12. If I have an existing current account with Standard Chartered, do I need to open a new account if I want to avail a MOA?

You will be required to open a new MOA for repayment purposes regardless of any existing account(s) you may hold with us.

13. If I have an existing Home Loan with Standard Chartered, can I convert it to a MOA?

The option of converting the existing Home Loan facility to a MOA is available. For more information you may contact your Mortgage Advisor/ Relationship Manager or you may contact our Home Finance Service Desk at HomeFinance.ServiceDesk@sc.com.

14. How does a traditional mortgage compare to MOA?

The table* below illustrates how the MOA compares to a traditional Home Loan and how it benefits you in terms of lower overall interest cost and reduced loan tenor.

All figures in AED Traditional
Home Loan
Loan amount 1,000,000 1,000,000 1,000,000 1,000,000
Interest rate charged on Home Loan (p.a.) 3.75% 4.00% 4.00% 4.00%
Home Loan tenure (months) 300 300 300 300
Offset Cap NA 25% 50% 75%
Offset Fee (p.a.) NA 0.25% 0.5% 1.00%
Monthly instalment 5,141 5,278 5,278 5,278
Actual repayment period (months) 300 256 227 206
Tenure reduced by (months) NA 44 73 94
% Savings No. of instalments NA 15% 24% 31%
Total interest paid 542,156 356,505 202,612 88,799
Interest saved (A) NA 185,651 339,544 453,358
Total Offset Fee paid (B) 0 34,196 64,105 124,351
Net Amount saved (A-B) NA 151,456 275,439 329,007
% Net Amount saved NA 28% 51% 61%

*The above table is indicative and for illustration purposes only. The rates, caps and fees quoted are for illustration and are subject to change and may not apply to your loan. The computation of the numbers, benefits and savings is based on simulated figures and a number of underlying assumptions. These tables are for illustrative purposes only and should not be relied upon when making individual decisions on your home loan package. Please consult your Mortgage Advisor to ensure that you receive complete information on the options available to you.

All loans are granted at the sole discretion of Standard Chartered Bank.

Terms and conditions

Terms & Conditions apply.

*Approval of Home Loans is at the sole discretion of Standard Chartered Bank. This product is available for UAE residents only. In the event you become a non-resident you undertake to inform the Bank of the change in your residency status. During the tenure of the finance, you may choose to convert your MortgageOne account to a regular Home Loan and conversion fee will be charged by the Bank.

**An offset cap is applicable on the loan amount based on client’s selection. The following offset cap ranges are available: up to 25%; from 25.01% to 50%; and from 50.01% to 75%. The caps are determined by the Bank and are subject to change. An offset fee applicable to each cap range will be charged by the Bank annually until the full tenure of the loan.

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