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  1. Promotions
  2. Saadiq Home Finance Campaign

Enjoy lower monthly payments

We’re offering profit rates as low as 2.29% p.a.* fixed for 1 year with Saadiq Home Finance

Now is the time to reconsider your home finance

  • profit rate fixed for 1 year, when you transfer your existing home with us

  • processing fees or valuation fees* and there’s no need for life insurance

  • property takaful for the entire tenure of your home finance

Additional Benefits of our Home Finance

Competitive profit rates

We offer competitive variable profit rates linked to the EIBOR

Instant pre-approval

Get your home finance approved in principle in just five minutes.

Fixed rates and flexible terms

Choose your own fixed term between 1-5 years and enjoy fixed profit rate from as low as 1.99% p.a.*

Convenient Tenures

Enjoy flexible payment tenures on your Home Finance of up to 5 years

The offer is available to all existing and new clients of the Bank who are transferring their Home Finance to Standard Chartered Bank or to clients who are purchasing a property from the secondary market. Secondary market is defined as a property previously owned by an individual/company.

 The Buy-out / Secondary Sale Campaign is valid for all successful Home Finance applications between 1st April 2021 – 30th June 2021 (both dates inclusive).

The campaign is not applicable to MortgageOne/SaadiqOne.

No, 1.99% is the lowest rate offered. The rate is dependent on the client’s employment type (Salaried or Self Employed), type of Financing (i.e. Secondary Sale or Buy-out), and chosen fixed rate period.

Please see below Pricing Matrix:

Secondary Sale:

Fixed Rate:

Client Rate
Fixed Rate Period / Customer Segment Salaried Self Employed
1-Year Fixed Pricing 1.99% 2.25%
3-Year Fixed Pricing 2.79% 2.99%
5-Year Fixed Pricing 3.25% 3.49%

Prescribed Margin and Minimum Rate:

Follow on Margin Minimum Rate
Customer Segment / Fixed Rate Period 1-Year Fixed Pricing 3-Year Fixed Pricing 5-Year Fixed Pricing 1-Year Fixed Pricing 3-Year Fixed Pricing 5-Year Fixed Pricing
Salaried 1.75% 1.75% 1.99% 2.99% 2.99% 3.25%
Self Employed 1.99% 1.99% 2.25% 3.25% 3.25% 3.50%

After fixed rate period, loan will be repriced based on Prescribed Margin + 12-Month Emirates Interbank Offered Rate (“EIBOR”) subject to a Minimum Rate. Repricing will be done annually, post fixed rate period. Prescribed Margin ranges from 1.75% to 2.25% and is dependent on the chosen Fixed Term Period and eligibility criteria. The actual 12-Month EIBOR that will be applied shall be the 12-Month  EIBOR of the last working day prior to the repricing date. EIBOR is subject to future variation as dictated by market conditions. If Prescribed Margin + 12-Month  EIBOR is less than the Minimum Rate, the account will be repriced to the Minimum Rate.

Additional margin will be applied if one of the following criteria is met:

  ∆ to Fixed Rate ∆ to Follow on Margin
2nd property + 0.125% + 0.125%
Above AED 10m Finance Amount + 0.125% + 0.125%

Buy-out:

Fixed Rate:

Client Rate
Fixed Rate Period / Customer Segment Salaried Self Employed
1-Year Fixed Pricing 2.29% 2.49%
3-Year Fixed Pricing 2.75% 2.99%
5-Year Fixed Pricing 3.25% 3.49%

Prescribed Margin and Minimum Rate:

Follow on Margin Minimum Rate
Customer Segment / Fixed Rate Period 1-Year Fixed Pricing 3-Year Fixed Pricing 5-Year Fixed Pricing 1-Year Fixed Pricing 3-Year Fixed Pricing 5-Year Fixed Pricing
Salaried 1.75% 1.75% 1.99% 2.99% 2.99% 2.99%
Self Employed 1.99% 1.99% 2.25% 2.99% 2.99% 2.99%

After fixed rate period, loan will be repriced based on Prescribed Margin + 12-Month Emirates Interbank Offered Rate (“EIBOR”) subject to a Minimum Rate. Repricing will be done annually, post fixed rate period. Prescribed Margin ranges from 1.75% to 2.25% and is dependent on the chosen Fixed Term Period and eligibility criteria. The actual 12-Month EIBOR that will be applied shall be the 12-Month  EIBOR of the last working day prior to the repricing date. EIBOR is subject to future variation as dictated by market conditions. If Prescribed Margin + 12-Month EIBOR is less than the Minimum Rate, the account will be repriced to the Minimum Rate.

Additional margin will also be applied if one of the following criteria is met:

  ∆ to Fixed Rate ∆ to Follow on Margin
2nd property + 0.125% + 0.125%
Above AED 10m Finance Amount + 0.125% + 0.125%
  • Free Processing Fee – client does not need to provide the fee upfront
  • Free Valuation Fee – for all successful home finance applications only. The Bank will charge the Property Valuation Fee prior to Home Finance disbursal. The Bank will automatically refund the fee to client’s Standard Chartered account within 30 days of the Home Finance disbursal. In the event that the application is not successful client will be charged of Property Valuation fee.
  • Free Property Takaful For Life – for all Islamic Home Finance The Bank will pay for the Property Takaful Premium throughout the Tenure of the Home Finance.

Note: Other fees will still be applicable, for full details on the fees, please refer to our Service and Price Guide (https://www.sc.com/ae/help-centre/service-charges/).

Please click on the link below to book an appointment with our Home Finance Specialist.

Apply Now

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