Standard Chartered Bank MortgageOne Loan

Standard Chartered is well-known for offering numerous schemes to help common people accomplish their goals. For instance, you would love to take possession of your own apartment in Dubai or Sharjah. However, you may find it a bit difficult to manage all the money at once. Standard Chartered Bank has introduced several home loans in the UAE to help people realize their goals. 

Before we discuss one of the major initiatives of the bank i.e. Standard Chartered Bank MortgageOne Loan, let us understand why do you need to avail yourself of a home loan at all? Property valuation is something that keeps going up over a period of time. Therefore, the amount you require today to take possession of your dream house might get doubled in the coming 10 years. That is why you need to avail yourself of the facilities of a home loan.

Features & Benefits of Standard Chartered Bank MortgageOne Loan

Standard Chartered Bank MortgageOne Loan is often referred to as MOA. You can link your current account to the dedicated MortgageOne loan account to take the benefits of this scheme. This is perhaps the most effective mortgage loan in UAE for its multiple facilities. The key features of this loan are:

• Annual interest starts from as low as 2.5%
• The highlight of Standard Chartered Bank MortgageOne loan is to repay the capital amount and the interest is taken care of subsequently by calculating the difference between the available balance in your current account and the deficit amount (i.e. loan to be repaid)
• You can enjoy benefits like withdrawing the interest available to you on your linked current account any time you want
• This helps lower the tenure of repayment significantly
• You can apply for this loan with zero account balance as well
• You can avail a home loan of up to AED 18 million 

These are the key features of the Standard Chartered MortgageOne loan. The flexibility and reliability are the two pillars that make this plan extremely firm. If you are still looking for a Standard Chartered mortgage loan in UAE, check out the details of this particular loan in the upcoming sections.    

Interest Rates for Standard Chartered Bank MortgageOne Loan

Documents Required to Avail Standard Chartered Bank MortgageOne Loan in UAE

Every bank needs specific paperwork to sanction a loan. Standard Chartered Bank has also laid down a few rules related to the MortgageOne loan. The document requirements are different for UAE nationals and non-UAE expatriates. 

For UAE nationals	For Non-UAE Expatriates
Your original passport and visa along with their photocopies The original Emirates ID card Employment proof (appointment letter) Salary slip for the salaried individuals All documents related to the property that you wish to buy	Proof of UAE residence visa Original passport and a photocopy Latest salary slips or pay slips  Copy of your Emirates ID For self-employed individuals, audit reports and trade license are required

These are very basic details required by the bank to proceed further with the Standard Chartered Bank MortgageOne loan.   

Eligibility Criteria for Standard Chartered Bank MortgageOne Loan in UAE

The comprehensive breakdown of Standard Chartered Bank MortgageOne loan eligibility requirements is provided below for both UAE citizens and ex-pats.

For UAE Nationals	For Non-UAE expatriates
You must be 21 years of age to apply for the loan Your age should be 70 or below during the period of maturity of the loan Your minimum monthly salary has to be AED 15,000	You must be 21 years of age to apply for the loan Your age should be 70 for Self-employed or 65 for Salaried below during the period of maturity of the loan Your minimum monthly salary has to be AED 15,000

How to Apply for Standard Chartered Bank MortgageOne Loan

Via Policybazaar.ae

• On Policybazaar.ae and click on "Home Loans"
• Please complete the lead form that is to be found on the right
• Once you submit the form, you will be taken to the home loans quotes page
• Compare your options and get the best Standard Chartered Loan
• Fill the application form and go through the information provided
• Submit the form with all necessary  attachments
• Upon completion of the loan application processing, a bank representative will get in touch with you to guide you further with the process

Via Standard Chartered Bank website

• Go to the official website of Standard Chartered Bank in the UAE (https://www.sc.com/ae/)
• Choose the MortgageOne Loan from the four types of loans available
• Click "Apply now" after selecting the type of loan
• Personal details including your name, phone number, and active email address must be entered
• Then select "Go"
• The remaining fields must then be filled up carefully such as birthdate,  career, monthly income, gender, place of residence and contact information 
• You must now decide on the loan amount you desire to draw from the bank
• Select "Proceed"

Standard Chartered Bank MortgageOne Loan Calculator

You may readily find and determine the total monthly payments with the help of the Standard Chartered Mortgage calculator. It is an online feature that aids in financial planning. You only need to submit a few facts to access your financial information:

• Specify the amount of loan you wish to procure
• Mention the tenure of repayment
• Choose the rate of interest to be paid per annum

You will find your EMI for your Standard Chartered MortgageOne loan after entering the necessary information. 

Terms and Conditions of Standard Chartered Bank MortgageOne Loan

The following are the terms and conditions that apply to the Standard Chartered Home Loan:

• The bank will have complete discretion over the home rate and financing approval
• The products for home financing are only available to UAE citizens
• Please take note that the calculator's numbers are simply being used as examples. The finance amount is typically determined at 75% of the value of the property. Additionally, the client's eligibility will be used to determine the ultimate profitability rate and finance amount
• It might be altered during approval
• The chosen fixed-term period and the required qualifications are used to establish the fixed-rate
• For processing costs, customers are not required to provide standing instructions or cheques

Top Reasons To Choose Standard Chartered Bank MortgageOne Loan

Whatever loan services you wish to obtain, Standard Chartered is committed to providing you with the most favorable home loan options at reasonable rates and costs. It goes without saying that Standard Chartered has excellent customer service strategies that enable every customer to feel special. Anyone can contact Standard Chartered experts at any time for guidance on real estate or home loans.

If you are looking for the best mortgage loan in the UAE, consider Standard Chartered Bank MortgageOne loan to make your dream come true. 

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