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Personal Loan Calculator
Loan Amount
AED
Loan Period
month(s)
Monthly Repayments as low as
AED85.53
Annualised Interest Rate as low as
7.55%p.a.
(Reducing)

Note: Monthly Repayment and Interest Rate displayed here is for reference only and is subject to credit approval

Realise your plans faster

A personal loan that allows you to borrow up to 20 times your monthly income. Apply in just five minutes.

Personal Loan Key Product Features:

Up to

20 times your salary
(Access cash up to AED 500,000)

Attractive Interest Rates

as low as 7.55%
(on a reducing balance)

Up to 2

instalment payment deferrals
(Postpone your instalment twice a year)

Loan tenor up to

48 months
(starting from 6 months)

Other Product Features:

  • Take-Over Facility - Leverage our competitive terms and hassel-free process to move your loan to us.
  • Instalment Deferment Option - Avail the convenience of deferring your monthly payments twice a year subject to eligibility.
  • Convenient Banking - Enjoy the convinience of our 24-hour digital banking facility to manage your transactions.

Eligibility

  • Minimum Salary: AED 15, 000 per month
  • Minimum Age: 21 years
  • Maximum Age: 65 years or company retirement age at loan maturity whichever is lower.

    Proof of Retirement age in company required for any case where age > 60 years at the time of loan maturity. This could be mentioned on Salary Transfer Letter, Employment Contract or a Company Letter.

Documents Required

  • Valid Passport, UAE Residency Visa and valid Emirates ID (original)
  • Salary Transfer Letter
  • Salary Certificate (in case of Take Over Loans)

    Standard Chartered Bank format, click here for more details

  • 3-month Bank Statement
  • Liability Letter (in case of Take Over Loans)

Eligibility

  • Minimum Salary: AED 15, 000 per month
  • Minimum Age: 21 years
  • Maximum Age: 65 years or company retirement age at loan maturity whichever is lower.

    Proof of Retirement age in company required for any case where age > 60 years at the time of loan maturity. This could be mentioned on Salary Transfer Letter, Employment Contract or a Company Letter.

Documents Required

  • Valid Passport, UAE Residency Visa and valid Emirates ID (original)
  • Salary Transfer Letter
  • Salary Certificate (in case of Take Over Loans)

    Standard Chartered Bank format, click here for more details

  • 3-month Bank Statement
  • Liability Letter (in case of Take Over Loans)

Processing fee

1.05% of the loan amount (1.05% of Top Up Amount) Min. AED 525/Max. AED 2,625

Instalment deferment fee

AED 105

Late payment fee

2.1% of the delayed amount Min. AED 52.5/Max. AED 210

Early redemption fee

1% of Principal Outstanding Max. AED 10,000 Plus AED 105 Cancellation Fee

Loan ‘re-scheduling’

AED 262.5

Please click here for more details on all other applicable fees and charges. Fees and charges are subject to change. All fees and charges listed are inclusive of 5% Value Added Tax (VAT), where applicable.

You can apply for a Standard Chartered Personal loan online or visit us at a branch located close to you.

Yes, your salary transfer is mandatory to avail a Personal loan with us.

Pre-approved offers are based on your credit worthiness and other factors at the time you receive an offer. As a result, the pre-approved offer you receive may be different from an earlier offer you received due to changes in your credit worthiness or other eligibility factors since the time of the earlier offer.

Standard Chartered will typically send your loan funds within three to five business days after you sign your loan application and submit all the required documents and if there is no additional information or document required.

Personal Loans are payable in fixed monthly instalments. The amount of your monthly payment will depend on the amount you borrow, the repayment period you select and the total interest paid on your loan (based on the interest rate that we apply).

Loans are available to UAE residents working for companies approved by Standard Chartered. Loans are granted at the sole discretion of Standard Chartered Bank.