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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*
I confirm that I have read and agree to the Personal Loan/Finance Key Fact Statement.
* Indicates a required field
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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 / Messenger Appointment / 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*
Top up:

- If you have made 12 payments on the Original Finance, please choose Top Up under the "Type of Finance"

- There is no active deferment on the existing loan

- There are no arrears on the existing loan


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)
Important Note: Staff are eligible for 12X the salary or AED500,000, whichever is lower
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*
Monthly Lifestyle
Expenditure (AED)* *
Monthly Non-Banking
Borrowings (AED)** *
*Expenses such as : Food, Housing, Education, Healthcare, Travel, Insurance/ Takaful, Utility, Internet, Mobile, Child and spousal maintenance, Support for extended family, Costs of maintaining services of other owned properties, Property Taxes, Wages to be paid for domestic workers, other expected expenses

**Non-Banking Borrowings such as: Financing granted by your employer, friends, or relatives and any other finance that must be repaid through instalments on a monthly, semi-annual, or other basis, financial obligations such as being a guarantor on other debts, court order payments, other expected non-banking borrowings (Please do not include your Banking Borrowings as they will be derived from Al Etihad Credit Bureau)
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.
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.
Emirates ID Card (Front and Back Side)
Passport Copy
Visa Copy
Bonus / P3 Letter
Current residence address*
Joined SCB within last 3 months?*
Resident in UAE since*
Latest Proof of Salary (Employment Contract or Confirmation Email from HR) *
Joining Date in SC Group (Screenshot from Peoplesoft) *
Payslip Upload (Screenshot from Peoplesoft)
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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


We have accepted your Offer Letter and however, Our acceptance is subject to cancellation within the next 7 working days


Form of Seller's Offer to Sell Metal


To:

Condor Trade Limited
Company number 3797975
3rd Floor,
23 Lower Belgrave Street,
London SW1W0NR
(the “Purchaser”)

This Offer is made on:


Dear Sir,

I (“Seller” or “Client”), hereby irrevocably offer to sell to you the Metal or Commodity described below at the Commodity Purchase Price set out below subject to the terms and conditions set out in Schedule 1 attached hereto and on the following terms:
  1. Details of Metal or Commodity:

    Type:

    Quantity:

  2. Commodity Purchase Price: AED

  3. Payment: As set out in Clause 2.1 of the terms and conditions set out in the Schedule attached hereto.

  4. Delivery: As set out in Clause 2.2 of the terms and conditions set out in the Schedule attached hereto.
This offer shall remain open and be irrevocable until close of business, London time, on the Settlement Date as defined in the Schedule 1 attached hereto.



SCHEDULE 1 TO THE SELLER’S OFFER TERMS AND CONDITIONS

1. Definitions
“Commodities” has the meaning ascribed thereto in the Seller’s Offer.
“Commodity Account” means a commodity account maintained with DD&Co Limited, 8-10 Grosvenor Gardens, London SW1W 0DH, United Kingdom, in the name of the Purchaser.
“Commodity Purchase Price” has the meaning ascribed thereto in the Seller’s Offer.
“Purchaser” has the meaning ascribed thereto in the Seller’s Offer.
“Purchaser’s Acceptance” means an acceptance by the Purchaser, confirming the terms upon which the Purchaser agrees to buy the Commodities from the Seller.
“Quantity” has the meaning ascribed thereto in the Seller’s Offer.
“Sale Transaction” has the meaning ascribed thereto in Clause 5.1.
“Seller” has the meaning ascribed thereto in the Seller’s Offer.
“Seller’s Offer” means the Seller’s Offer to which these terms and conditions is attached.
“Settlement Account” means a cash account in the name of the Purchaser maintained with Standard Chartered Bank.
“Settlement Date” means the date on which the Purchaser makes payment of the Commodity Purchase Price.
2. Execution
2.1 The Purchaser confirms that it has irrevocably and unconditionally instructed Standard Chartered Bank to debit the Settlement Account, in an amount equal to the Commodity Purchase Price, and to pay such amount to the Seller.
2.2 The Seller confirms that, subject to its receipt of the Purchaser’s Acceptance, it has made arrangements for the Commodity Account to be credited with the Commodities, in the Quantity set out in the Seller’s Offer.
3. Transfer and Title
3.1 Subject to receipt by the Seller of the Commodity Purchase Price, title to and ownership of the Commodities shall pass from the Seller to the Purchaser on the Settlement Date.
3.2 The Commodities shall be sold by the Seller and accepted by the Purchaser on "as is" and "where is" basis.
3.3 All payments to be made by the Purchaser in relation to the Sale Transaction shall be made without any set-off or counterclaim, and in immediately available and transferable funds for value on the Settlement Date.
3.4 All payments to be made by the Purchaser to the Seller in relation to a Sale Transaction shall be without deduction for any taxes, duties, charges or withholdings imposed, collected or assessed by any taxing authority unless the Purchaser is compelled by law to make any such deduction or withholding. In that event the Purchaser will ensure that such deduction or withholding does not exceed the minimum legal liability therefore and will pay to the appropriate authorities the amount deducted or withheld and supply a tax deduction certificate to the Seller and will in addition pay such further amounts as may be necessary in order that the net amounts received by the Seller after such deduction or withholding shall equal the amounts which would have been received in the absence of such deduction or withholding.
4. Seller's Representation
The Seller represents and covenants to the Purchaser that it has not created any charge or encumbrance and has not granted any third-party rights over its interest in the Commodities.
5. Seller's and Purchaser's Representations and Covenants
Each of the Seller and the Purchaser represents and warrants that:
5.1 it has the legal capacity to enter into the arrangements set forth in the Seller’s Offer and Purchaser’s Acceptance (the “Sale Transaction”);
5.2 its entry into the Sale Transaction and each document it delivers thereunder is duly authorised;
5.3 the Sale Transaction and each document it delivers thereunder will be binding and enforceable against it (subject to applicable insolvency laws and principles of equity);
5.4 it has and will at all times maintain all authorisations, approvals, licenses, and consents required to enable it lawfully to perform its obligations under the Sale Transaction;
5.5 no winding up, liquidation, bankruptcy, insolvency or administration relating to it has commenced nor any proceedings against it relating thereto have been notified to it;
5.6 the Sale Transaction and each document delivered thereunder is not intended to be, and shall not be, governed by the LME Rules and is an independent 'over-the-counter transaction'; and
5.7 the Sale Transaction and each document delivered thereunder is not (nor is it intended to be) a LME registered client contract.
6. Additional Documentation
The Seller and the Purchaser shall each perform or execute all necessary acts, documents instructions or other actions as and when necessary to give effect to its obligations under or in connection with the Sale Transaction.
7. Miscellaneous/b>
7.1 Any failure or delay on the part of either the Seller or the Purchaser to exercise any right or remedy it may have in connection with the Sale Transaction shall not be deemed a waiver of such right or remedy and shall not preclude the subsequent exercise by such party of the same.
7.2 If at any time any provision of the Sale Transaction or any other document executed pursuant to the Sale Transaction becomes legally invalid or unenforceable in any respect under the law of any jurisdiction, neither the legality, the validity or enforceability of the remaining provisions thereof 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.
7.3 Neither the Seller nor the Purchaser shall be entitled, without the prior written consent of the other party, to assign or transfer any of its rights, benefits, or obligations under the Sale Transaction.
7.4 Any notice or other communication in connection with the Sale Transaction shall be made in writing and may be delivered personally by courier, sent by email or facsimile or other electronic transmission, and shall be addressed to the intended recipient at its address or number specified in the Seller’s Offer and Purchaser’s Acceptance (as applicable).
7.5 The Sale Transaction and each document delivered thereunder are confidential and shall not, without the written consent of the other party, be disclosed by the Seller or the Purchaser to any other person or entity, provided that the foregoing prohibition shall not apply to disclosures: (a) made to service providers, professional advisors, insurers or insurance brokers of either the Seller or the Purchaser; (b) required by law or requested by regulatory authorities; (c) made in connection with the enforcement of the Sale Transaction; (d) made to third parties by the Seller for the delivery to the Purchaser of the Commodities; or (v) made in connection with finance transactions to which the Seller is a party.
8. Governing Law and Jurisdiction
The Sale Transaction, and each document delivered thereunder, shall be governed by and construed in accordance with English law and each of the Seller and the Purchaser irrevocably submit to the exclusive jurisdiction of the English courts in order resolve any dispute or disagreement arising under, or in connection with, the Sale Transaction.
9. Interest Waiver
Each of the Seller and the Purchaser irrevocably agrees that no interest will be payable or receivable under or in connection with the Sale Transaction and in the event that it is determined that any interest is receivable in connection therewith by either the Seller or the Purchaser, whether as a result of any judicial award or by operation of any applicable law or otherwise, each of the Seller and the Purchaser agrees to waive any rights it may have to claim or receive such interest and agrees that if any such interest is actually received by it, it shall promptly donate the same to a registered or otherwise officially recognised charitable organisation.



EXHIBIT B

FORM OF PURCHASES'S ACCEPTANCE

Date:
[
 
]


To:
[
insert name of the Customer under the relevant finance transaction
] (the “Seller”)


From:
Condor Trade Limited (the “Purchaser”)
3rd Floor, 23 Lower Belgrave Street, London SW1W0NR


Re: Purchaser’s Acceptance to purchase Commodities

We refer to your Seller’s Offer dated on or about the date of this letter (the “Seller’s Offer”) and we hereby accept your offer to sell the Commodities described hereunder:



Terms of Sale Transaction:

Seller:
[
insert name of the Customer under the relevant finance transaction
]

Purchaser:
Condor Trade Limited

Transaction Reference:
[
 
]

Commodities:
[
 
]

Quantity:
[
 
]

Location:
[
 
]

Commodity Purchase Price:
[
 
]

Settlement Date:
[
 
]

Payment: 
As set out in Clause 2.1 of the terms and conditions set out in Schedule 1 of the Seller’s Offer.

Delivery: 
As set out in Clause 2.2 of the terms and conditions set out in Schedule 1 of the Seller’s Offer.


The sale of the Commodities specified herein shall be subject to the terms and conditions set out in Schedule 1 to the Seller’s Offer.

Condor Trade Limited

By:                                     
Name:
Title:





MESSENGER APPOINTMENT

Standard Chartered Bank
P.O. Box 999
Dubai
United Arab Emirates

Dear Sir/ Madam,


[I/we] [am/are] desirous of appointing you as [my/our] messenger on the terms and for the purposes set out in this letter (“Appointment Letter”).

1. Definitions

In this Appointment letter:

“Account” means the bank account specified in the Seller Offer.

“Commodity Purchase Price” means the all-inclusive selling price set out in the Seller Offer, or its equivalent in any other relevant currency, for sale and delivery of the Metal or Commodity to the third party purchaser specified in the Seller Offer on a spot basis against full and immediate payment.

“Metal” or “Commodity” means the metal or commodity specified in the Seller Offer.

“Seller Offer” means [my / our] offer to sell the Metal or Commodity to the third party purchaser specified therein
2. Appointment
2.1 Subject to [me /us] entering into an agreement purchasing the Metal or Commodity and your agreement on the terms of this Appointment Letter, [I/we] hereby irrevocably appoint you as [my / our] messenger for the sole purpose of delivering the Seller Offer to the third party purchaser specified in the Seller Offer and in this regard to perform the following administrative functions on [my / our] behalf:
2.1.1 take possession (physical or constructive) of the Metal and to store it in a bulk quantity at your (or your agent’s) common location for usually storing metal commodities;
2.1.2 deliver to a third party purchaser specified in the Seller Offer, the Seller Offer and/or any other documents provided by [me / us ] to you to conclude the sale by [me / us] of the Metal at the Commodity Purchase Price;
2.1.3 on sale of the Metal to a third party by [me/us], receive, on [my / our] behalf, payment of the Commodity Purchase Price and deliver possession of the Metal to the third party purchaser of the Metal; and
2.1.4 generally, to perform all the administrative functions regarding the holding and facilitating the sale of the Metal as you deem fit.
2.2 If the third party purchaser of the Metal requires execution of any documentation for the sale of the Metal to the third party purchaser, it shall be [my / our] sole responsibility to execute such documentation.
2.3 You shall not be under a duty to disclose and/or provide any documents to [my / us] in relation to your duties in terms of this Appointment Letter.
2.4 The appointment of the Bank in terms of this Appointment Letter as [my / our] messenger shall be limited to a single transaction of delivering the Seller Offer to the third party purchaser specified in the Seller Offer and in this regard to perform the administrative functions on [my / our] behalf set out in paragraph 2.1 above. On sale of the Metal to the third party purchaser, your appointment as [my / our] messenger in terms hereof shall cease.
3 Proceeds of sale of the Metal
3.1 The proceeds of sale of the Metal due to [me /us] shall be transferred by you into the Account once you have confirmed to your satisfaction receipt of payment from the third party purchaser of the Metal.
3.2 In the event you receive proceeds of sale of the Metal in a currency other than Dirham, you shall exchange it into Dirham at the prevailing market exchange rate quoted by your treasury division for purchasing Dirhams with the Commodity Purchase Price currency and any currency loss or gain in this regard shall be for [my / our] account.
4 Indemnity
4.1 [I / We] hereby indemnify you from and against all actions, claims, proceedings, direct actual costs, liabilities and/or expenses whatsoever and howsoever arising as a consequence of you acting as [my / our] messenger and [I / we] hereby agree to pay such costs, liabilities and/or expenses upon your demand. The indemnity in this Clause shall not be applicable to loss, damage, costs or expenses incurred by you as a result of wilful default or gross negligence on your part.
4.2 You shall not be liable to reimburse [me / us] for failure by the third party purchaser of the Metal to make payment of the Commodity Purchase Price (or any party thereof) nor shall you be liable for any loss, damage, costs or expenses, suffered or incurred by [me / us] as a result of anything done or omitted to be done (as the case may be) by you in the course of performing your functions and duties hereunder.
5 General
5.1 The address stated below my signature shall be the address for service of all correspondence, notices and legal process to [me / us] under this Appointment Letter. [I /we] 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 you are generally open for business in the UAE) from the date of receipt of the notice by the other party.
5.2 No amendment or variation of, addition to, deletion from or consensual cancellation of this Appointment Letter or any provision or term thereof and no extension of time, waiver or relaxation of any of the provision or terms of this Appointment Letter shall bind you or [me / us] unless recorded in a written document signed by both parties.
5.3 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.
5.4 This Appointment Letter is not intended to create any rights or remedies capable of enforcement by third parties.
5.5 This Appointment Letter 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 UAE.


If you accept your appointment as my messenger on the terms set out in this Appointment Letter, please indicate your acceptance by signing and returning the enclosed copy of this Appointment Letter to [me / us].




SIGNED at                                on the aforementioned date



For and on behalf of

Name:                                  

Position:                               

Verification of signature/s:



[On acknowledgement copy]

To: [customer name and address]


We acknowledge receipt of the above Appointment Letter and agree to our appointment as your messenger on the terms set out therein.



For and on behalf of Standard Chartered Bank:




                              

Name:
Designation:
Date:






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:
Monthly Lifestyle Expenditure (AED):
Monthly Non-Banking Borrowings (AED):
Where do you intend to use the funds from this finance?
(Country and Breakup):
Employer:

Document upload

Document upload list:
Current residence address:
Joined SCB within last 3 months:
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 hereby agree to the provisions of this New/Additional/Top-up Loan and further reconfirm the provisions of all personal loan documentation, including but not limited to the Application for Personal Loan, Important Information Document or Salary Transfer Declaration and/or any other document executed by you at the time of the original loan approval. The said terms and conditions include but are not limited to the payment of interest, late payment of interest, events of default, direct debit, assignment of end of service benefits, disclosure of information, severability, notices and the governing law. By signing below, you confirm that a copy of this agreement has been received for your records and you understand and unconditionally agree to the below terms and conditions.
  2. You agree that you have applied with Standard Chartered Bank UAE ("us") for a Staff Personal Finance with us
  3. You represent and warrant that all information (including any documents) you have provided us or will provide 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).
  4. You authorize us to disclose, obtain, verify and exchange any of the information you have provided 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.
  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 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 or outside United Arab Emirates) for the purpose of providing any service to you in connection with the application (including data processing), or independent contractors, or agents 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, 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. Additionally, you hereby agree that we can share the information with a merchant or member of Visa international or Mastercard international where the disclosure is In connection with the use of a card of any authorized person or any security provider or anyone we consider necessary in order to provide you with the services in connection with an account.
  7. You consent to us contacting you at the address, email address and phone numbers you have provided to us, to provide you information on other products and services that we, or our strategic partners, may offer.
  8. 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 provide us the documents to prove such a change.
  9. You declare that you have read and understood our Customer Terms and the applicable documents which are available at www.sc.com/ae. 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 provide indemnities, authorizations, consents and waivers and agree to limitations on our liability.
  10. 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.
  11. This finance is being granted to you subject to you agreeing to continue transferring your salary to us.
  12. In the event 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 loans/finance have been cancelled due to payment defaults;
    • no payments are overdue by more than one month on any loans/finance 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. 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 and be 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, 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, early repayment charges will be applicable.
  18. In the event that you have applied for a take-over finance, you are responsible for ensuring that the documentation required for disbursal of a second tranche is provided to the Bank. Irrespective of the date of the second disbursal, your Equivalent Monthly Instalment (EMI) 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 EMIs applicable at the time of the second disbursal.
  19. Please pay your monthly instalments by the due date to avoid any late payment fees.
  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. Any failure to maintain timely payments will be communicated to HR in addition to your line manager or functional manager.
  22. You agree that as per the approved personal finance pricing policy, you will be charged a profit rate based on the gross monthly income you have declared, as per below

    Profit rate for New/ Take Over and Additional Finance:
    Income Bracket (AED) Profit Rate
    5,000 - 7,999 12.80%
    8,000 - 11,999 9.80%
    12,000 - 14,999 8.80%
    15,000 - 19,999 7.80%
    >= 20,000 7.55%

    Profit rate for Top-up:
    Income Bracket (AED) Profit Rate
    5,000 - 7,999 14.10%
    8,000 - 11,999 11.10%
    12,000 - 14,999 10.10%
    15,000 - 19,999 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
  23. Kindly note that all facilities are granted at the sole discretion of Standard Chartered Bank.
  1. You hereby agree to the provisions of this New/Additional/Top-up Loan and further reconfirm the provisions of all personal loan documentation, including but not limited to the Application for Personal Loan, Important Information Document or Salary Transfer Declaration and/or any other document executed by you at the time of the original loan approval. The said terms and conditions include but are not limited to the payment of interest, late payment of interest, events of default, direct debit, assignment of end of service benefits, disclosure of information, severability, notices and the governing law. By signing below, you confirm that a copy of this agreement has been received for your records and you understand and unconditionally agree to the below terms and conditions.
  2. You agree that you have applied with Standard Chartered Bank UAE ("us") for a Staff Personal Finance with us
  3. You represent and warrant that all information (including any documents) you have provided us or will provide 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).
  4. You authorize us to disclose, obtain, verify and exchange any of the information you have provided 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.
  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 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 or outside United Arab Emirates) for the purpose of providing any service to you in connection with the application (including data processing), or independent contractors, or agents 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, 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. Additionally, you hereby agree that we can share the information with a merchant or member of Visa international or Mastercard international where the disclosure is In connection with the use of a card of any authorized person or any security provider or anyone we consider necessary in order to provide you with the services in connection with an account.
  7. You consent to us contacting you at the address, email address and phone numbers you have provided to us, to provide you information on other products and services that we, or our strategic partners, may offer.
  8. 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 provide us the documents to prove such a change.
  9. You declare that you have read and understood our Customer Terms and the applicable documents which are available at www.sc.com/ae. 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 provide indemnities, authorizations, consents and waivers and agree to limitations on our liability.
  10. 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.
  11. This finance is being granted to you subject to you agreeing to continue transferring your salary to us.
  12. In the event 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 loans/finance have been cancelled due to payment defaults;
    • no payments are overdue by more than one month on any loans/finance 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. 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 and be 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, 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, early repayment charges will be applicable.
  18. In the event that you have applied for a take-over finance, you are responsible for ensuring that the documentation required for disbursal of a second tranche is provided to the Bank. Irrespective of the date of the second disbursal, your Equivalent Monthly Instalment (EMI) 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 EMIs applicable at the time of the second disbursal.
  19. Please pay your monthly instalments by the due date to avoid any late payment fees.
  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. Any failure to maintain timely payments will be communicated to HR in addition to your line manager or functional manager.
  22. You agree that as per the approved personal finance pricing policy, you will be charged a profit rate based on the gross monthly income you have declared, as per below

    Profit rate for New/ Take Over and Additional Finance:
    Income Bracket (AED) Profit Rate
    5,000 - 7,999 12.80%
    8,000 - 11,999 9.80%
    12,000 - 14,999 8.80%
    15,000 - 19,999 7.80%
    >= 20,000 7.55%

    Profit rate for Top-up:
    Income Bracket (AED) Profit Rate
    5,000 - 7,999 14.10%
    8,000 - 11,999 11.10%
    12,000 - 14,999 10.10%
    15,000 - 19,999 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
  23. Kindly note that 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 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.
  3. Staff Rental Finance will NOT be extended to Staff who are on International Assignment in UAE.
  4. You represent and warrant that all information (including any documents) you have provided us or will provide 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.)
  5. You authorize us to disclose, obtain, verify and exchange any of the information you have provided 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.
  6. 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.
  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 or outside United Arab Emirates) for the purpose of providing any service to you in connection with the application (including data processing), or independent contractors, or agents 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, 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. Additionally, you hereby agree that we can share the information with a merchant or member of Visa international or Mastercard international where the disclosure is In connection with the use of a card of any authorized person or any security provider or 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 provide 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 provide us the documents to prove such a change.
  10. You declare that you have read and understood our Customer Terms and the applicable documents which are available at www.sc.com/ae. 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 provide 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 subject to you agreeing to continue transferring your salary to us.
  13. In the event 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 personal loan/finance application, you confirm that:
    • none of your existing credit cards and/or unsecured loans/finance have been cancelled due to payment defaults;
    • no payments are overdue by more than one month on any loans/finance 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. 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 and be 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, your first instalment will be deducted on the salary date of the subsequent month (22nd day of the subsequent month).
  18. 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.
  19. Please pay your monthly instalments by the due date to avoid any late payment fees.
  20. 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.
  21. Any failure to maintain timely payments will be communicated to HR in addition to your line manager or functional manager.
  22. You agree that as per approved Staff Rental Advance Policy, we will be charged a profit rate of 10.64% p.a. for the duration of the facility.
  23. 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.
  24. 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 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.
  3. Staff Rental Finance will NOT be extended to Staff who are on International Assignment in UAE.
  4. You represent and warrant that all information (including any documents) you have provided us or will provide 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.)
  5. You authorize us to disclose, obtain, verify and exchange any of the information you have provided 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.
  6. 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.
  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 or outside United Arab Emirates) for the purpose of providing any service to you in connection with the application (including data processing), or independent contractors, or agents 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, 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. Additionally, you hereby agree that we can share the information with a merchant or member of Visa international or Mastercard international where the disclosure is In connection with the use of a card of any authorized person or any security provider or 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 provide 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 provide us the documents to prove such a change.
  10. You declare that you have read and understood our Customer Terms and the applicable documents which are available at www.sc.com/ae. 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 provide 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 subject to you agreeing to continue transferring your salary to us.
  13. In the event 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 personal loan/finance application, you confirm that:
    • none of your existing credit cards and/or unsecured loans/finance have been cancelled due to payment defaults;
    • no payments are overdue by more than one month on any loans/finance 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. 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 and be 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, your first instalment will be deducted on the salary date of the subsequent month (22nd day of the subsequent month).
  18. 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.
  19. Please pay your monthly instalments by the due date to avoid any late payment fees.
  20. 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.
  21. Any failure to maintain timely payments will be communicated to HR in addition to your line manager or functional manager.
  22. You agree that as per approved Staff Rental Advance Policy, we will be charged a profit rate of 10.64% p.a. for the duration of the facility.
  23. 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.
  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 Saadiq Client Terms, the Saadiq Service & Price Guide, and the Saadiq Current/Cheque/Savings Account and Saadiq Fixed Deposit Terms, and I wish to submit the application.

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