Mashreq Bank provides personal for UAE residents with low-interest rates and hassle-free documentation. It provides personal loans to the people New to UAE/New to Employment, to pensioners and various kinds of personal loans.
Q. I’m an expat, what is the minimum length of service is required?
A. A minimum 6 months of duration at work is required or “Confirmed” letter from the employer should be provided.
Q. Is salary transfer mandatory for expats?
A. Yes, the salary transfer is mandatory. If you cannot transfer your salary then you can go for Non-Salary transfer loan.
Q. What is the maximum tenure provided?
A. Maximum tenure of 48 months is provided.
Q. What is the maximum loan amount provided for Emiratis?
A. Emiratis can get a maximum loan of AED 1 million.
Q. For No salary transfer loan, what is the maximum finance provided?
A. On No salary transfer loan, maximum finance of AED 1,50,000 is provided.
Q. I’m 65 years old. Do I get a personal loan?
A. Yes, Mashreq bank providesPersonal Loan for Pensioners.
Q. What additional benefits I can get on the approval of personal loan?
A. A personal loan holder can maintain a zero balance account.
Check the list of Mashreq Personal loans.