Reduce your mortgage loan interest with mortgage offset account

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Reduce your mortgage loan interest with mortgage offset account

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.

Features

Shorter Loan Period

Since your payments go more towards your principal amount and less towards the interest, your loan tenure will be shorter.

Interest Savings

Interest is calculated daily on the difference between your loan balance and the money in your account.

Complete Flexibility

Loans up to AED 18 Million, offered for residential, completed or under-construction properties as per our list of approved developments.

Facility to Withdraw

You can withdraw the interest you save plus the money in your account whenever you need it.

Convenient Banking

24-hour Phone Banking, Online Banking and Mobile Banking, that allows you to manage your money and complete your trasactions anywhere in the world

Zero Minimum Balance

There is no minimum balance requirement on the MortgageOne Account.

Manage your finances easily

A monthly consolidated statement will be provided for MortgageOne, MOA, which will give details on your Account and Home Loan.

Compare your MortgageOne

loan Amount
Please enter an amount between AED 300,000 and AED 18,000,000, using numbers only.
AED AED
    Savings in MortgageOne Account
    The current account linked to the Home Loan facility. 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.
    AED AED
    Based on the Savings in Mortgage Account and Loan Amount you put, your Offset Cap (%) is ().
    Loan tenure (YEARS)
    1
    Based on the Savings in Mortgage Account and Loan Amount you put, your Offset Cap (%) is ().

    Your Monthly Installment

    Monthly installment remains the same for traditional mortgage and MortgageOne

    • 1st year
      -
    • 2nd year onwards
      -

    Your MortageOne Plan

    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.

    • TOTAL INTEREST AND FEE YOU WILL PAY
      -
    • Effective interest rate
      -
    • loan Tenure
      -

    Traditional Mortgages

    Home loan with standard payment schedule (i.e. it does not take into consideration the deposit balance or offset).

    • TOTAL INTEREST AND FEE YOU WILL PAY
      -
    • Effective interest rate
      -
    • loan Tenure
      -
    Total savings: - and - years of loan tenure.

    Interest Paid Comparison (Graph)

    • Total interest saved
      -
    • total loan tenure saved
      -
    EIBOR/SCBLR/SCBMR RATES

    Rate updated on: 30th June 2025

    TENOR
    EIBOR
    SCBLR/SCBMR
    3 Months 4.160% –
    6 Months 4.093% –
    12 Months 4.303% 4.37%
    24 Months 4.086%
    36 Months – 4.156%
    60 Months – 4.269%

    Eligibility and Documents

    Eligibility

    • Maximum loan size of AED 18 M
    • For both completed and building under construction properties as per our list of approved developments
    • Tenure up to 25 years

    Documents Required

    • Passport and Visa
    • Emirates ID Card
    • Employment letter and latest salary slip
    • Property ownership documents
    • Proof of Client’s contribution towards payment of property / Equity payment (where applicable)

    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%.

    FAQs

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

    • 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.

      * Example:

      •  Loan Amount: AED 1 Million
      • Interest Rate: 3.75% p.a.
      • Tenure: 25 Years
      • Deposit Balance in Current Account (CA): AED 400K
      Standard Home Finance Product

      First month repayment (without offset)

      		 Standard Home Finance Product

      First month repayment (with offset of AED 400K in CA)
      Instalment: AED 5,141.31

      (= Interest AED 3,184.93 + Principal AED 1,956.38)

      Principal Outstanding: AED 998,043.62

      		 Instalment: AED 5,141.31

      (= Interest AED 1,910.96* + Principal AED 3,230.35**)

      Principal Outstanding: AED 996,769.65

      * Interest is calculated on AED 600K (= 1Mil – 400K)

      ** Principal component is higher than standard mortgage product by AED 1,274, 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 minimised 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.

    • 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).

    • UAE residents (Nationals and Expatriates) can apply for MOA subject to the provision of required documentation and criteria. In the event you become a non-resident you undertake to inform the Bank of the change in your residency status.

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

    • 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:

      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 Offset Fee
      Up to 25% Free for Life
      25.01% up to 50% 0.52%
      50.01% up to 75% 1.05%

      Conversion Fee of 0.525% is charged on the outstanding loan amount for switching from MOA to a traditional Home Loan and vice versa.

      The caps are determined by the Bank and are subject to change.

    • 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).

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

    • 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.

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

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

    • 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.

    Terms & Conditions

    Disclaimer

    Fees and charges are subject to change. All fees and charges listed are inclusive of 5% Value Added Tax (VAT), where applicable.

    Approval of Home Loans is at the sole discretion of Standard Chartered Bank.