Mashreq Personal Loan Eligibility

Minimum Salary

Interest Rate

Loan Amount

Reducing Rate

Mashreq Bank

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.

Eligibility criteria for Mashreq Bank

Personal loan for UAE Nationals

  • Minimum salary of AED 10,000 is required
  • Only UAE Nationals are eligible
  • Only salaried individuals are eligible
  • Company must be listed with the bank

Personal loan for Expats

  • Minimum salary of AED 5000 is required
  • Only Expats are eligible
  • Salary transfer is mandatory

Personal loan for New to UAE/New to employment

  • Minimum salary of AED 7000 is required
  • Salary transfer is required
  • Company must be listed with the bank

Personal loan for pensioners

  • Monthly income of AED 10,000 is required
  • Only UAE Nationals are eligible
  • Monthly pension must be transferred to Mashreq account

Personal loan for expats without salary transfer

  • Minimum salary of AED 7000 is required
  • Minimum 12 months of service at work
  • Only Expats are eligible

What influences Eligibility?

  • Credit history- Your previous or existing loans and credit cards can affect your current loan approval. Low credit score applications can be rejected.
  • Debt to Burden Ratio- DBR should be maintained low i.e below 50% is preferred by the banks to approve the loan.
  • Monthly income- If your monthly income is less than the requirement, then the bank doesn’t approve your loan.
  • Documents- Documents like Salary certificate, Passport, Emirates ID, Trade license (If Self employed) are mandatory.
    1. Salary Certificate- Salary Certificate is a mandatory document for any kind of finance as it is a proof of your work and an employment in a company. Bank can ask for a salary certificate or salary certificate letter.
    2. Emirates ID- Emirates ID is a proof to confirm your identity. Without Emirates ID banks do not approve the loan.
    3. Trade License- For the self-employed individuals trade license is a mandatory document.

Tips to improve the chances of loan approval

  • Make sure you meet the age limit.
  • Pay your current loans or credit card bills on time so that it won’t disturb your credit score.
  • Maintain all the required mandatory documents.
  • Don’t take more than required finance.
  • It is preferable to go for maximum tenures.


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.