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Your plans in life don’t need to wait. Apply for Saadiq Personal Finance in just 5 minutes

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Your plans in life don’t need to wait. Apply for Saadiq Personal Finance in just 5 minutes

Saadiq Personal Finance

Enjoy the benefits and banking convenience that comes with Saadiq Personal Finance


Apply today and enjoy the benefits that come with being a valued Standard Chartered Bank Client.

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Fees & Charges

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

Processing fee 1.05% of the finance amount
(1.05% of Additional Finance Amount for Additional Finance )
Minimum – AED 525
Maximum – AED 2,625
Early redemption fee 1% of principal outstanding*

*Any discount on the agreed Murabaha price may only be provided at the discretion of the bank.

Instalment deferment fee AED 105
Late payment fee AED 50
Please click here for more details on all other applicable fees and charges

Eligibility & Documents


  • UAE Residents working for companies approved by Standard Chartered
  • Minimum Salary: AED 15, 000 per month
  • Minimum Age: 21 years
  • Maximum Age: 65 years or company retirement age at finance maturity whichever is lower.

    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.

Required Documents

  • Passport, UAE Residency Visa and valid Emirates ID (original)
  • Salary Transfer Letter

    in Standard Chartered Bank format, click here for more details

  • Salary Certificate (in case of Take Over Finance)
  • 3-month Bank Statement
  • Liability Letter (in case of Take Over Finance)


Personal Finance is granted at the sole discretion of Standard Chartered Bank as per its Terms and Conditions. Personal Finance application will only be processed after all the required documents have been received and are deemed to be correct and aligned with the Bank’s requirements.