Standard Chartered Bank - Saadiq Auto Finance

Standard Chartered Bank - Saadiq Auto Finance

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Saadiq auto finance follows the Islamic concept of Murabaha offering competitive profit rates and flexible payment periods. Benefits:
• Approved by an independent Shariah Supervisory Committee, so you can bank worry-free while complying with Islamic Banking principles
• Finance up to AED 1,000,000, depending on your monthly income
• Pay your Auto Finance in easy monthly payments spread over up to 60 months
• Choose a car from any of the dealerships located in the UAE
• Simple Financing Procedure
• Convenient banking
• Banking online or on the go
• Fast processing
• No minimum balance Eligibility:
• Minimum Salary: AED 20,000 per month
• Minimum Age is 21 years and Maximum Age is 65 years or company retirement age at finance maturity whichever is lower. Proof of Retirement age in company required for any case where age 60 years at the time of finance maturity Required Documents:
• Passport, UAE Residency Visa and valid Emirates ID (original)
• Salary Certificate
• 3-month Bank Statement

  • Business vehicle finance: No
  • Only for listed companies: No
  • Down Payment: 0%
  • Heavy vehicle finance: No

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