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Please note the following requirements:

  1. The applicant should be an employee of Standard Chartered Bank or Standard Chartered Holdings
  2. The minimum salary is AED 5,000
  3. The age criteria is between 21 to 65 years old (at the time of loanfinance maturity)
  4. Minimum Length of Service - 6 months (not applicable for Staff Rental Finance)
  5. Name as per Passport
  6. For SRA, email approval from Line Manager should also contain confirmation that he/she is Grade 5 and above

You are applying for a

Staff Personal Finance / Staff Rental Finance

Please provide your contact information and click Next

Title*
First name*
Middle name
Last name*
Mobile number*
E.g.     50       1234567
Email address
PS ID #*
E.g. 1183615
Passport number*
Nationality*
Country of birth*
Date of birth*
Gross Monthly Income (Basic + Allowance + Airfare)*
Friend's name in UAE*
Friend's contact number in UAE*
+971
Eg: 501234567
Type of Financing*
Type of Product*
* Indicates a required field
Next

Now you can conveniently
upload documents online!

In the event you are applying for a Top Up, please make sure that you choose the correct Type of Financing (Saadiq or Conventional)


Example: If you have a Saadiq Personal Finance, please select ‘Saadiq’ as the Type of Financing


If you have a Conventional Personal Loan, please select ‘Conventional’ as the Type of Financing


Staff Personal Finance / Staff Rental Application / Documents / Offer Letter / Agency Agreement / Personal / Review

| 1. Doc Upload


Please read through the "Important information / FAQs" document before you proceed with the application.
Please read through the "Important information / FAQ" document before you proceed with the application.


Finance Details

* Indicates a required field

Type of finance*
Additional Finance: If 12 payments have NOT been made on the Original Finance, please choose Additional under the "Type of Finance"
Top up: If you have made 12 payments on the Original Finance, please choose Top Up under the "Type of Finance"


Bank account number (where payroll is credited)*
Amount of finance requested for* (In case of Top Up, this would mean SUM of Existing Outstanding + Additional Funds Required) (Only Rental Amount + Broker commission + Security Deposit + Registration Fees as mentioned in the Tenancy Contract)
Preferred repayment period*
Monthly Instalment
(This monthly instalment amount has been calculated on the Total Finance Amount which you have entered in the above field)
Monthly Instalment amount is indicative – final Instalment amount would be communicated to you post approval and booking of the Finance amount through a Welcome Letter / Payment Schedule. This would be sent to your official address updated with us.
Type of metal
Spot price
Metal Quantity (Troy Ounce)
Purpose of finance*
Where do you intend to use the funds from this finance*?
(Country and Breakup)*
*For Top-up the Utilization % is applicable to the finance amount outstanding + Topped-up amount










EMI Calculator

(Please “Right Click” and then select “Save Target as ...” and save the “xls” file on your PC to calculate your eligibility.)

Employer*

Upload Documents:

* Indicates a required field

Please note:
  • Total size of all files must not exceed 5MB
  • We accept PDF, JPG, PNG, GIF and TIFF formats
Line Manager Approval email *
For email approval format, please refer to "Important Information / FAQ"

Your line manager is the person whom you are reporting to as per the records in the Employee Portal and has to be at least a Grade 5 staff. In the event that your line Manager is not a Grade 5 Staff, you would need to get the approval from a Banking Manager of Grade 5 that is linked to you through Employee Portal (for example Department Head).

Line Manager should also confirm in his/her email approval that he/she is Grade 5 and above.
Rent Agreement Copy *
Please ensure that ALL pages of the Rental Agreement are uploaded.
Emirates ID Card (Front and Back Side) *
Joining Date in SC Group (Screenshot from Peoplesoft) *
Payslip Upload (Screenshot from Peoplesoft) *
Upload of Gratuity Letter (Screenshot from Peoplesoft) *
For SCH Staff Only: Please upload your Line Manager approval for applying for this Personal Finance. Line Manager needs to be at least Band 5 and above.
You are not required to upload the supporting documents if these are already updated as per the bank’s records.
Passport Copy
Visa Copy
Bonus / P3 Letter
Joined SCB (UAE) within last 2 months?*
Current residence address*
Resident in UAE since*
Latest Proof of Salary (Employment Contract or Confirmation Email from HR) *
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| 1.1 Offer Letter


Offer Letter


Date:

Standard Chartered Bank
P.O. Box 999
Dubai
United Arab Emirates
Dear Sir/Madam,

I/we hereby irrevocably offer to purchase metal from the ownership of Standard Chartered Bank, together with its permitted successors and/or assigns ("the Bank"), as per the following details:

Metal type ; and

Quantity Troy Ounce ("the Metal")

Purchase Price AED (Dirhams) ("the Purchase Price")

Number of equal monthly instalments

Amount of equal monthly instalments each ("the Instalments")

Your Commencement Date is the First instalment Date. This would be the First Salary Date post disbursal of requisite funds in your account (22nd of the month). However, if the funds are not disbursed 3 days prior to your Salary Date, then your first instalment will be deducted on the salary date of the subsequent month (22nd day of the subsequent month).

I/we irrevocably offer to pay the Purchase Price to the Bank in the Instalments, starting on the Commencement Date indicated above and each successive month thereafter (“the Payment Period”).By acceptance by the Bank of the offer contained herein, by means of an acceptance letter or any other means of acceptance conveyed to me/us ("the Acceptance"), it shall constitute a valid purchase and sale agreement in respect of the Metal (the "Agreement") between myself/ourselves and the Bank. The Bank’s standard terms and conditions relating to the purchase of metal products on deferred payment terms, annexed hereto and initialled for purposes of identification ("the Terms and Conditions") apply unconditionally in respect of this offer and it shall form an integral part of the Agreement. The Agreement is not an LME Registered Client Contract.

DECLARATION

I/we have read and fully understand the Terms and Conditions (including the Assignment mentioned therein) and their application to any facility granted to me/us by the Bank. I/we have read, understood and agree to be bound by the Service and Price Guide. I/we hereby warrant that no bankruptcy proceedings have been commenced against me/us, that all the information furnished by me/us in connection with this Agreement is true, complete and accurate in all respects and that I/we have not wilfully withheld any material fact. I/we acknowledge that the deferred payment terms requested by me/us in the Offer will be made available to me/us at the absolute discretion of the Bank.

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| 1.2 Agency Agreement


Agency Agreement


This agency agreement ("this Agreement") is made on

between:

1. Parties

1.1 of Standard Chartered Bank

("the Customer"); and

1.2 Standard Chartered Bank, a company licensed to operate as a commercial bank in the UAE, having its registered office in the UAE at P.O. Box 999, Dubai, UAE, together with its permitted successors

and/or assigns ("the Bank")

(Each "a Party" or both referred to as "the Parties")

Metal Details

Metal type:

Metal Quantity (Troy Ounces):

Spot Price AED (Dirhams)

2. Recitals

2.1 The Customer is desirous of appointing the Bank as its agent to hold and to sell certain metal commodities on its behalf.

2.2 The Bank has agreed to be the Customer’s agent, subject to the terms and conditions set out in this Agreement.

WHEREAS the Parties agree as follows:

3. Definitions

3.1 "Metal" means as defined in under Metal Details above; and

3.2 "Spot Price" as indicated under Metal Details means an all-inclusive selling price in UAE Dirhams, or its equivalent in any other relevant currency ("the Spot Price"), for delivery of the Metal on a spot basis against full and immediate payment.

4. Appointment

4.1 Subject to the Customer entering into an agreement purchasing the Metal, the Customer hereby irrevocably appoints the Bank to act as its exclusive agent to:

4.1.1 take possession (physical or constructive) of the Metal and to store it on the Customer’s behalf in a bulk quantity at the Bank’s common location for usually storing metal commodities;

4.1.2 sell the Metal to any third party at the Spot Price;

4.1.3 receive payment of the Spot Price on behalf of the Customer; and

4.1.4 to deliver possession and title in and to the Metal to a purchaser of the Metal.

4.2 The Bank shall at all times act as an undisclosed agent of the Customer and it shall not disclose that it is acting as an agent of the Customer and in this regard, the Bank shall, amongst other duties:

4.2.1 be authorised to sign and execute all documents and do all acts and observe and perform all obligations required to be done in connection with this Agreement, or imposed under any agreement of sale of the Metal to a third party; and

4.2.2 be required to do all the administration regarding the holding and the selling of the Metal as well as the insurance thereof.

4.3 The Bank shall not be under a duty to disclose and/or provide any documents to the Customer in relation to its duties in terms of this Agreement.

4.4 The Bank may sell the Metal to any third party (not including the party from whom the Metal was purchased by the Customer).

4.5 The appointment of the Bank in terms of this Agreement shall be limited to a single transaction, in terms of which the Metal shall be sold in its entirety in a once-off transaction (and not in part) and, once the Bank has fulfilled this mandate, its mandate in terms hereof shall cease

4.6 The appointment of the Bank shall not create or be deemed to create a partnership or a joint venture between the parties, nor shall it establish a relationship of principal or agent in any other relationship between the Parties.

5. Proceeds of Sale of the Metal

5.1 The Bank shall sell the Metal and obtain immediate payment of the Spot Price free from any set-off, deduction, withholding or counterclaim in immediately available and freely transferable funds for good value on the due date thereof.

5.2 The proceeds of any sale of the Metal due to the Customer shall be paid by the Bank into the Customer’s account as per the details under Customer Account Details, once the Bank has finally received confirmation of receipt of payment from the purchaser of the Metal.

5.3 In the event of the Bank obtaining payment of the Spot Price in a currency other than Dirham, the Bank shall exchange it into Dirham at the prevailing market exchange rate quoted by the Bank’s treasury division for purchasing Dirhams with the Spot Price currency and any currency loss or gain in this regard shall be for the account of the Customer.

5.4 In certain cases where the Client is appointing the Bank through online channels such as internet banking etc, the bank may provide an interest free loan to the Client before executing the sale of Metal to a third party as mentioned in clause 5.1 above in order to facilitate the Client access funds immediately. Subsequently, the Bank will execute the sale of Metal on behalf of the Client with a third party and will use the proceeds of the sale to set off the interest free loan that the bank had granted earlier. In case the Bank is unable to proceed with the Metal sale on behalf of the Client or if there is a change in price of the Metals, the Client will be responsible for any price differential and the Bank reserves the right to claim the difference between the amount of the interest free loan and the proceeds of sale received from the third party (if any)

6. Warranties, Representations and Indemnity

6.1 The Metal shall be received and sold in its present state and condition with no warranty or representation whatsoever in connection with the Metal to any third party and/or purchaser thereof.

6.2 The Bank shall be indemnified from and against all actions, claims, proceedings, direct actual costs, liabilities and/or expenses whatsoever and howsoever arising as a consequence of it acting as the Customer’s undisclosed agent and such costs, liabilities and/or expenses shall be immediately paid by the Customer upon the Bank’s demand.

6.3 The Bank shall not be liable to remunerate or reimburse the Customer for any sum or have any other obligation arising by reason of the agency relationship mandated hereby.

7. General

7.1 The address stated in clause 1 above shall be the address for service of all correspondence, notices and legal process in this matter. The parties may change notice address to another physical address provided that the change shall become effective on the 7th (seventh) business day (i.e. a day when the Bank is generally open for business in the UAE) from the date of receipt of the notice by the other party.

7.2 No amendment or variation of, addition to, deletion from or consensual cancellation of this Agreement or any provision or term thereof and no extension of time, waiver or relaxation of any of the provision or terms of this Agreement shall bind either party unless recorded in a written document signed by both parties.

7.3 If, at any time, any provision hereof is or becomes illegal, invalid or unenforceable in any respect under the law of any jurisdiction, neither the legality, validity or enforceability of the remaining provisions hereof nor the legality, validity or enforceability of such provision under the law of any other jurisdiction shall in any way be affected or impaired thereby.

7.4 The Customer may not transfer and/or assign its rights and obligations hereunder to any third party without the written consent of the Bank. The Bank may cause any such transfer and/or assignment to a member and/or affiliate of the Standard Chartered Group and may disclose such information in connection with this Agreement to the intended transferee/assignee as it sees fit.

7.5 This Agreement is not intended to create any rights or remedies capable of enforcement by third parties.

7.6 This Agreement is to be interpreted in accordance with the laws of the UAE and subject to the jurisdiction of the non exclusive jurisdiction of the Courts of Dubai.

Accepted at on the aforementioned date.


For and on behalf of

Customer Name:


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| 2. Personal Info

Personal Details

* Indicates a required field

Duration in current residence years/months*
Years:
Months:
You are not required to complete this section if the information requested has already been updated as per the bank’s records.
Residence type*
Marital status*
Number of dependents*   in UAE   outside UAE
Number of cars*
Total work experience*
Years
Resident in UAE since*

Liabilities

* Indicates a required field

You are not required to fill this section if the liabilities declared earlier have not changed.
Bank
Liability type*

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| 3. Review

Contact details

Edit
Title & first name:
 
Middle name:
Last name:
Mobile number:
  
Email:
PS ID #:
Passport number:
Nationality:
Country of birth:
Date of birth:
Gross Monthly Income (Basic + Allowance + Airfare):
Friend's name in UAE:
Friend's contact number in UAE:

Finance details

Edit
Type of loanfinance:
Bank account number (where payroll is credited):
Amount of loanfinance requested:
(Incase of Top Up, this would mean SUM of Existing Outstanding + Additional Funds Required)
Account number:
Preferred repayment period:
Monthly Instalment:
Type of metal:
Spot price:
Metal Quantity (Troy Ounce):
Purpose of loanfinance:
Where do you intend to use the funds from this finance?
(Country and Breakup):
Employer:

Document upload


Document upload list:
Joined SCB (UAE) within last 2 months:
Current residence address:
Residence in UAE since:

Personal details

Edit
Duration in current residence years/months:
years /  months
Residence type:
Marital status:
Total number of dependents:
Number of cars:
Total work experience:
Residence in UAE since:

Liabilities

Edit

Staff Personal Loan / Staff Rental Advance Declaration and Acceptance


By signing or submitting this application:

  1. You agree that you have applied with Standard Chartered Bank UAE ("us") for a Staff Personal Finance with us.
  2. You represent and warrant that all information (including any documents) you have given to us or will give to us which will help us in the fulfilment of this finance application is correct, complete and not misleading. (If this is not the case you may be personally liable.)
  3. You authorize us to disclose, obtain, verify and exchange any of the information you have given to us with anyone we may consider appropriate such as legal or regulatory authority or credit reference / rating agency or bureaus in line with the regulations or guidelines from the respective agencies or bureaus
  4. You acknowledge that we may decline your application without giving you any reason for doing so. If this happens, no contractual relationship arises between us and you; you consent to us retaining all supporting documents submitted by you for the processing of this application, regardless of whether this application is approved or not.
  5. You consent to us and to each of our subsidiaries and affiliates (including each branch or representative office)("Standard Chartered Group") its officers, employees, agents and advisers disclosing information relating to you (including details of our banking agreement, the accounts, the products or any arrangement with us) to our head office and any other member or the Standard Chartered Group in any jurisdiction ("permitted parties"); professional advisers, service providers (whether located in our outside our United Arab Emirates) for the purpose of providing any service to you in connection with the application (including data processing), or independent contractors, or agent of, the permitted parties, such as debt collection agencies, data processing firms and correspondents who are under a duty of confidentiality to the permitted parties, any actual or potential participant or sub – participant in relation to any of our obligations under our banking agreement between us, or assignee, novatee or transferee (or any officer, employee, agent, or adviser of any of them), any credit reference agency, rating agency, business alliance partner insurer or insurance broker of, or direct or indirect provider of credit protection to, or any permitted parties; any court, tribunal or authority (including an authority investigating an offence) with jurisdiction over the promoted parties; a merchant or member of VISA international or Master Card international where the disclosure is In connection with the use of a card any authorized person or any security provider, anyone we consider necessary in order to provide you with the services in connection with an account.
  6. You consent to us contacting you at the address, email address and phone numbers you have provided to us, to give you information on other products and services that we, or our strategic partners, may offer.
  7. You agree that you will inform us when there is any change in your occupation, employer or the status of your residency in the United Arab Emirates. If we ask you will also give us the documents to prove such a change.
  8. You declare that you have or will read and understand our Customer Terms and the applicable documents which are available at any of our branches or on our website www.standardchartered.ae. You acknowledge that you are bound by any variation we make to these documents, in accordance with our banking agreement. In agreement, In particular, you understand that by entering into our banking agreement you give indemnities, authorizations, consents and waivers and agree to limitations on our liability;
  9. You agree that your application form along with all the supporting documents and any payment instrument provided by you while applying for the finance will become part of the Bank's records and will not be returned irrespective of whether your finance is approved or not
  10. The Personal Finance is being granted to you because of your current employer being an Empanelled company with us for Personal Finance. During the duration of the loan, should you change jobs and move to a different company or are no longer employed as a Salaried Individual, Standard Chartered Bank has the right to ask for additional documents as per the Bank’s required format and/or settle the outstanding of the finance amount from the end of service benefits which we have received from your Previous Employer.
  11. This finance is being granted to you agreeing to continue transferring your salary to us.
  12. In the event that you have not declared in the application form that you are an existing customer and have confirmed that you do not hold any account with the Bank, however the Bank identifies that you have an existing account with the Bank, you authorise us to close the existing account and transfer the balance, if any, to the new account assigned to you. You also agree that all your future transactions, including salary credits, loan / finance, Credit Card repayments will be routed through the new account. You also authorise us to transfer standing orders / payment instructions, if any, from the existing account to the new account
  13. For the purposes of your application of a personal / finance application , you confirm that:
    • none of your existing credit cards and/or unsecured loan / finance have been cancelled due to payment defaults
    • you do not have any payments overdue by more than one month on any loans / finances or credit cards you have with other financial institutions
    • you are not and have never been bankrupt and you have no intention to petition or are currently petitioning for bankruptcy
  14. You acknowledge that the bank will register you for a prescribed set of SMS alerts. In order to further tailor them, please login to Online Banking and select the types of alerts you would like to receive
  15. In order to comply with anti-money laundering and counter terrorist financing laws, regulations, sanctions and policies, Standard Chartered Group may be prohibited from entering or concluding transactions involving certain persons or entities or required to report suspicious transactions to an authority
  16. Your First instalment Date would be the First Salary Date post disbursal of requisite funds in your account (22nd of the month). However, if the funds are not disbursed 3 days prior to your Salary Date, then your first instalment will be deducted on the salary date of the subsequent month (22nd day of the subsequent month).
  17. If you wish to repay your loan early, either in part or full, applicable early repayment charges will be applicable
  18. In the event that you have applied for a Take-Over Finance, you are solely responsible for ensuring that the documentation required to ensure disbursal of second tranche are provided to the bank. Irrespective of the date of the second disbursal, your Equivalent Monthly Instalment will become due as per the date mentioned above. Your Welcome Pack containing the Instalment schedule/facility details will be sent to you after the second disbursal and will reflect the details of all future Equivalent Monthly Instalments applicable at the time of second disbursal.
  19. You agree that as per approved Personal Finance pricing Policy, you will be charged a profit rate, based on the Gross Monthly Income you have declared, as per below grid:

    Profit rate for New/ Take Over and Additional Finance:
    Income Bracket (AED) Profit Rate
    5,000 - < 8,000 12.80%
    8,000 - < 12,000 9.80%
    12,000 - < 15,000 8.80%
    15,000 - < 20,000 7.80%
    >= 20,000 7.55%

    Profit rate for Top-up:
    Income Bracket (AED) Profit Rate
    5,000 - < 8,000 14.10%
    8,000 - < 12,000 11.10%
    12,000 - < 15,000 10.10%
    15,000 - < 20,000 9.10%
    >= 20,000 8.85%

    -  Processing fee charged will be
    • 0.525% in case of New / Take Over / Additional Finance
    • 1.05% in case of Top Up Finance
  20. Final Details of the Personal Finance Facility (including but not limited to Profit Rates / Tenor / Approved Finance Amount / Monthly Instalment amount) will be communicated to you as part of the Welcome Pack upon successful processing of your Personal Finance Request
  21. Failure to maintain timely payments will be communicated to the HR in addition to your line manager or functional manager.
  22. All facilities are granted at the sole discretion of Standard Chartered Bank.
  1. You agree that you have applied with Standard Chartered Bank UAE ("us") for a Staff Personal Finance with us.
  2. You represent and warrant that all information (including any documents) you have given to us or will give to us which will help us in the fulfilment of this finance application is correct, complete and not misleading. (If this is not the case you may be personally liable.)
  3. You authorize us to disclose, obtain, verify and exchange any of the information you have given to us with anyone we may consider appropriate such as legal or regulatory authority or credit reference / rating agency or bureaus in line with the regulations or guidelines from the respective agencies or bureaus
  4. You acknowledge that we may decline your application without giving you any reason for doing so. If this happens, no contractual relationship arises between us and you; you consent to us retaining all supporting documents submitted by you for the processing of this application, regardless of whether this application is approved or not.
  5. You consent to us and to each of our subsidiaries and affiliates (including each branch or representative office)("Standard Chartered Group") its officers, employees, agents and advisers disclosing information relating to you (including details of our banking agreement, the accounts, the products or any arrangement with us) to our head office and any other member or the Standard Chartered Group in any jurisdiction ("permitted parties"); professional advisers, service providers (whether located in our outside our United Arab Emirates) for the purpose of providing any service to you in connection with the application (including data processing), or independent contractors, or agent of, the permitted parties, such as debt collection agencies, data processing firms and correspondents who are under a duty of confidentiality to the permitted parties, any actual or potential participant or sub – participant in relation to any of our obligations under our banking agreement between us, or assignee, novatee or transferee (or any officer, employee, agent, or adviser of any of them), any credit reference agency, rating agency, business alliance partner insurer or insurance broker of, or direct or indirect provider of credit protection to, or any permitted parties; any court, tribunal or authority (including an authority investigating an offence) with jurisdiction over the promoted parties; a merchant or member of VISA international or Master Card international where the disclosure is In connection with the use of a card any authorized person or any security provider, anyone we consider necessary in order to provide you with the services in connection with an account.
  6. You consent to us contacting you at the address, email address and phone numbers you have provided to us, to give you information on other products and services that we, or our strategic partners, may offer.
  7. You agree that you will inform us when there is any change in your occupation, employer or the status of your residency in the United Arab Emirates. If we ask you will also give us the documents to prove such a change.
  8. You declare that you have received, read and understood our relevant Saadiq Terms and Conditions and the Service and Price Guide forming our banking agreement which are available on our website at www.sc.com/ae and you agree to be bound by them. You acknowledge that you are bound by any variation we make to these documents, in accordance with our banking agreement. In particular, you understand that by entering into our banking agreement you give indemnities, authorisations, consents and waivers and agree to limitations on our liability
  9. You agree that your application form along with all the supporting documents and any payment instrument provided by you while applying for the finance will become part of the Bank's records and will not be returned irrespective of whether your finance is approved or not
  10. The Personal Finance is being granted to you because of your current employer being an Empanelled company with us for Personal Finance. During the duration of the finance payment, should you change jobs and move to a different company or are no longer employed as a Salaried Individual, Standard Chartered Bank has the right to ask for additional documents as per the Bank’s required format and/or settle the outstanding of the finance amount from the end of service benefits which we have received from your Previous Employer.
  11. This finance is being granted to you agreeing to continue transferring your salary to us.
  12. In the event that you have not declared in the application form that you are an existing customer and have confirmed that you do not hold any account with the Bank, however the Bank identifies that you have an existing account with the Bank, you authorise us to close the existing account and transfer the balance, if any, to the new account assigned to you. You also agree that all your future transactions, including salary credits, loan / finance, Credit Card repayments will be routed through the new account. You also authorise us to transfer standing orders / payment instructions, if any, from the existing account to the new account.
  13. For the purposes of your application of a personal / finance application , you confirm that:
    • none of your existing credit cards and/or unsecured loan / finance have been cancelled due to payment defaults
    • you do not have any payments overdue by more than one month on any loans / finances or credit cards you have with other financial institutions
    • you are not and have never been bankrupt and you have no intention to petition or are currently petitioning for bankruptcy
  14. You acknowledge that the bank will register you for a prescribed set of SMS alerts. In order to further tailor them, please login to Online Banking and select the types of alerts you would like to receive
  15. In order to comply with anti-money laundering and counter terrorist financing laws, regulations, sanctions and policies, Standard Chartered Group may be prohibited from entering or concluding transactions involving certain persons or entities or required to report suspicious transactions to an authority
  16. Your First instalment Date would be the First Salary Date post disbursal of requisite funds in your account (22nd of the month). However, if the funds are not disbursed 3 days prior to your Salary Date, then your first instalment will be deducted on the salary date of the subsequent month (22nd day of the subsequent month).
  17. If you wish to pay the finance early, you will be required to pay us back the total payment amount less the sum of monthly installments that you have already paid
  18. In the event that you have applied for a Take-Over Finance, you are solely responsible for ensuring that the documentation required to ensure disbursal of second tranche are provided to the bank. Irrespective of the date of the second disbursal, your Equivalent Monthly Instalment will become due as per the date mentioned above. Your Welcome Pack containing the Instalment schedule/facility details will be sent to you after the second disbursal and will reflect the details of all future Equivalent Monthly Instalments applicable at the time of second disbursal.
  19. Please pay your monthly instalments by the due date in order to avoid the Late Payment Fee
  20. You agree that as per approved Personal Finance pricing Policy, you will be charged a profit rate, based on the Gross Monthly Income you have declared, as per below grid:

    Profit rate for New/ Take Over and Additional Finance:
    Income Bracket (AED) Profit Rate
    5,000 - < 8,000 12.80%
    8,000 - < 12,000 9.80%
    12,000 - < 15,000 8.80%
    15,000 - < 20,000 7.80%
    >= 20,000 7.55%

    Profit rate for Top-up:
    Income Bracket (AED) Profit Rate
    5,000 - < 8,000 14.10%
    8,000 - < 12,000 11.10%
    12,000 - < 15,000 10.10%
    15,000 - < 20,000 9.10%
    >= 20,000 8.85%

    -  Processing fee charged will be
    • 0.525% in case of New / Take Over / Additional Finance
    • 1.05% in case of Top Up Finance
  21. Failure to maintain timely payments will be communicated to the HR in addition to your line manager or functional manager.
  22. We offer you the convenience of being able to postpone your monthly payments twice a year. However this is based on you becoming eligible for this offer
  23. Final Details of the Staff Rental Finance Facility (including but not limited to Profit Rates / Tenor / Approved Finance Amount / Monthly Instalment amount) will be communicated to you as part of the Welcome Pack upon successful processing of your Staff Rental Finance Request
  24. All facilities are granted at the sole discretion of Standard Chartered Bank.

By signing or submitting this application:

  1. You agree that you have applied with Standard Chartered Bank UAE ("us") for a Staff Rental Finance with us.
  2. You represent and warrant that all information (including any documents) you have given to us or will give to us which will help us in the fulfilment of this finance application is correct, complete and not misleading. (If this is not the case you may be personally liable.)
  3. You must use the Staff Rental Finance only for the purpose of paying the rent of your accommodation as set out in the application or as otherwise approved by the Bank.
  4. Staff Rental Finance will NOT be extended to Staff who are on International Assignment in UAE.
  5. You acknowledge that we may decline your application without giving you any reason for doing so. If this happens, no contractual relationship arises between us and you; you consent to us retaining all supporting documents submitted by you for the processing of this application, regardless of whether this application is approved or not.
  6. You authorize us to disclose, obtain, verify and exchange any of the information you have given to us with anyone we may consider appropriate such as legal or regulatory authority or credit reference / rating agency or bureaus in line with the regulations or guidelines from the respective agencies or bureaus
  7. You consent to us and to each of our subsidiaries and affiliates (including each branch or representative office)("Standard Chartered Group") its officers, employees, agents and advisers disclosing information relating to you (including details of our banking agreement, the accounts, the products or any arrangement with us) to our head office and any other member or the Standard Chartered Group in any jurisdiction ("permitted parties"); professional advisers, service providers (whether located in our outside our United Arab Emirates) for the purpose of providing any service to you in connection with the application (including data processing), or independent contractors, or agent of, the permitted parties, such as debt collection agencies, data processing firms and correspondents who are under a duty of confidentiality to the permitted parties, any actual or potential participant or sub – participant in relation to any of our obligations under our banking agreement between us, or assignee, novatee or transferee (or any officer, employee, agent, or adviser of any of them), any credit reference agency, rating agency, business alliance partner insurer or insurance broker of, or direct or indirect provider of credit protection to, or any permitted parties; any court, tribunal or authority (including an authority investigating an offence) with jurisdiction over the promoted parties; a merchant or member of VISA international or Master Card international where the disclosure is In connection with the use of a card any authorized person or any security provider, anyone we consider necessary in order to provide you with the services in connection with an account.
  8. You consent to us contacting you at the address, email address and phone numbers you have provided to us, to give you information on other products and services that we, or our strategic partners, may offer.
  9. You agree that you will inform us when there is any change in your occupation, employer or the status of your residency in the United Arab Emirates. If we ask you will also give us the documents to prove such a change.
  10. You declare that you have or will read and understand our Customer Terms and the applicable documents which are available at any of our branches or on our website www.standardchartered.ae. You acknowledge that you are bound by any variation we make to these documents, in accordance with our banking agreement. In agreement, In particular, you understand that by entering into our banking agreement you give indemnities, authorizations, consents and waivers and agree to limitations on our liability;
  11. You agree that your application form along with all the supporting documents and any payment instrument provided by you while applying for the finance will become part of the Bank's records and will not be returned irrespective of whether your finance is approved or not.
  12. This finance is being granted to you agreeing to continue transferring your salary to us.
  13. In the event that you have not declared in the application form that you are an existing customer and have confirmed that you do not hold any account with the Bank, however the Bank identifies that you have an existing account with the Bank, you authorise us to close the existing account and transfer the balance, if any, to the new account assigned to you. You also agree that all your future transactions, including salary credits, loan / finance, Credit Card repayments will be routed through the new account. You also authorise us to transfer standing orders / payment instructions, if any, from the existing account to the new account.
  14. For the purposes of your application of a personal / finance application , you confirm that:
    • none of your existing credit cards and/or unsecured loan / finance have been cancelled due to payment defaults
    • you do not have any payments overdue by more than one month on any loans / finances or credit cards you have with other financial institutions
    • you are not and have never been bankrupt and you have no intention to petition or are currently petitioning for bankruptcy
  15. You acknowledge that the bank will register you for a prescribed set of SMS alerts. In order to further tailor them, please login to Online Banking and select the types of alerts you would like to receive
  16. In order to comply with anti-money laundering and counter terrorist financing laws, regulations, sanctions and policies, Standard Chartered Group may be prohibited from entering or concluding transactions involving certain persons or entities or required to report suspicious transactions to an authority
  17. Your First instalment Date would be the First Salary Date post disbursal of requisite funds in your account (22nd of the month). However, if the funds are not disbursed 3 days prior to your Salary Date, then your first installment will be deducted on the salary date of the subsequent month (22nd day of the subsequent month).
  18. If you wish to repay your loan early, either in part or full, applicable early repayment charges will be applicable
  19. You agree that as per approved Staff Rental Advance Policy, we will be charged an profit rate of 10.64% p.a. for the duration of the facility.
  20. You will pay the monthly installment amount as stated in the Offer Letter. However, the profit component of your monthly installment amount will be subsidised by having this amount credited to your salary transfer account every month after your equivalent monthly installment has been made.
  21. Failure to maintain timely finance repayments and Minimum Amount due on Credit cards will be communicated to the HR in addition to your line manager or functional manager.
  22. Final Details of the Staff Rental Finance Facility (including but not limited to Profit Rates / Tenor / Approved Finance Amount / Monthly Instalment amount) will be communicated to you as part of the Welcome Pack upon successful processing of your Staff Rental Finance Request.
  23. All facilities are granted at the sole discretion of Standard Chartered Bank.
  1. You agree that you have applied with Standard Chartered Bank UAE ("us") for a Staff Rental Finance with us.
  2. You represent and warrant that all information (including any documents) you have given to us or will give to us which will help us in the fulfilment of this finance application is correct, complete and not misleading. (If this is not the case you may be personally liable.)
  3. You must use the Staff Rental Finance only for the purpose of paying the rent of your accommodation as set out in the application or as otherwise approved by the Bank.
  4. Staff Rental Finance will NOT be extended to Staff who are on International Assignment in UAE.
  5. You acknowledge that we may decline your application without giving you any reason for doing so. If this happens, no contractual relationship arises between us and you; you consent to us retaining all supporting documents submitted by you for the processing of this application, regardless of whether this application is approved or not.
  6. You authorize us to disclose, obtain, verify and exchange any of the information you have given to us with anyone we may consider appropriate such as legal or regulatory authority or credit reference / rating agency or bureaus in line with the regulations or guidelines from the respective agencies or bureaus
  7. You consent to us and to each of our subsidiaries and affiliates (including each branch or representative office)("Standard Chartered Group") its officers, employees, agents and advisers disclosing information relating to you (including details of our banking agreement, the accounts, the products or any arrangement with us) to our head office and any other member or the Standard Chartered Group in any jurisdiction ("permitted parties"); professional advisers, service providers (whether located in our outside our United Arab Emirates) for the purpose of providing any service to you in connection with the application (including data processing), or independent contractors, or agent of, the permitted parties, such as debt collection agencies, data processing firms and correspondents who are under a duty of confidentiality to the permitted parties, any actual or potential participant or sub – participant in relation to any of our obligations under our banking agreement between us, or assignee, novatee or transferee (or any officer, employee, agent, or adviser of any of them), any credit reference agency, rating agency, business alliance partner insurer or insurance broker of, or direct or indirect provider of credit protection to, or any permitted parties; any court, tribunal or authority (including an authority investigating an offence) with jurisdiction over the promoted parties; a merchant or member of VISA international or Master Card international where the disclosure is In connection with the use of a card any authorized person or any security provider, anyone we consider necessary in order to provide you with the services in connection with an account.
  8. You consent to us contacting you at the address, email address and phone numbers you have provided to us, to give you information on other products and services that we, or our strategic partners, may offer.
  9. You agree that you will inform us when there is any change in your occupation, employer or the status of your residency in the United Arab Emirates. If we ask you will also give us the documents to prove such a change.
  10. You declare that you have received, read and understood our relevant Saadiq Terms and Conditions and the Service and Price Guide forming our banking agreement which are available on our website at www.sc.com/ae and you agree to be bound by them. You acknowledge that you are bound by any variation we make to these documents, in accordance with our banking agreement. In particular, you understand that by entering into our banking agreement you give indemnities, authorisations, consents and waivers and agree to limitations on our liability
  11. You agree that your application form along with all the supporting documents and any payment instrument provided by you while applying for the finance will become part of the Bank's records and will not be returned irrespective of whether your finance is approved or not.
  12. This finance is being granted to you agreeing to continue transferring your salary to us.
  13. In the event that you have not declared in the application form that you are an existing customer and have confirmed that you do not hold any account with the Bank, however the Bank identifies that you have an existing account with the Bank, you authorise us to close the existing account and transfer the balance, if any, to the new account assigned to you. You also agree that all your future transactions, including salary credits, loan / finance, Credit Card repayments will be routed through the new account. You also authorise us to transfer standing orders / payment instructions, if any, from the existing account to the new account.
  14. For the purposes of your application of a personal / finance application , you confirm that:
    • none of your existing credit cards and/or unsecured loan / finance have been cancelled due to payment defaults
    • you do not have any payments overdue by more than one month on any loans / finances or credit cards you have with other financial institutions
    • you are not and have never been bankrupt and you have no intention to petition or are currently petitioning for bankruptcy
  15. You acknowledge that the bank will register you for a prescribed set of SMS alerts. In order to further tailor them, please login to Online Banking and select the types of alerts you would like to receive
  16. In order to comply with anti-money laundering and counter terrorist financing laws, regulations, sanctions and policies, Standard Chartered Group may be prohibited from entering or concluding transactions involving certain persons or entities or required to report suspicious transactions to an authority
  17. Your First instalment Date would be the First Salary Date post disbursal of requisite funds in your account (22nd of the month). However, if the funds are not disbursed 3 days prior to your Salary Date, then your first installment will be deducted on the salary date of the subsequent month (22nd day of the subsequent month).
  18. You need to pay your monthly installments by the due date in order to avoid the Late Payment Charges.
  19. If you wish to pay the finance early, you will be required to pay us back the total payment amount less the sum of monthly installments that you have already paid
  20. You agree that as per approved Staff Rental Advance Policy, we will be charged an profit rate of 10.64% p.a. for the duration of the facility.
  21. You will pay the monthly installment amount as stated in the Offer Letter. However, the profit component of your monthly installment amount will be subsidised by having this amount credited to your salary transfer account every month after your equivalent monthly installment has been made.
  22. Failure to maintain timely finance payments and Minimum Amount due on Credit cards will be communicated to the HR in addition to your line manager or functional manager.
  23. Final Details of the Staff Rental Finance Facility (including but not limited to Profit Rates / Tenor / Approved Finance Amount / Monthly Instalment amount) will be communicated to you as part of the Welcome Pack upon successful processing of your Staff Rental Finance Request.
  24. All facilities are granted at the sole discretion of Standard Chartered Bank.
Please scroll down and read through the Staff Personal Loan / Staff Rental Advance Declaration and Acceptance.
I confirm that I have read and agree to be bound by the declaration contained above, the Personal Loan Terms, the Service & Price Guide, and the Customer Terms, and I wish to submit the application. I confirm that I have read and agree to be bound by the declaration contained above, the Standard Chartered Saadiq Terms and Conditions, the Saadiq Service & Price Guide, and the Saadiq Account T&Cs, and I wish to submit the application.

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