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Check Eligibility for Mashreq
Personal Loan

You are eligible to apply for a Mashreq
Personal Loan .

You may not be eligible * to apply.

* Minimum salary AED 7000 required to apply for a Mashreq Personal Loan .

*No loan for :User_Nationality available in this page

Click here to check from other banks.

Mashreq Personal Loan Calculator

Personal Loan Provided ByMashreq Bank

Check Eligibility for Mashreq Personal Loan

You are eligible to apply for a Mashreq
Personal Loan .

You may not be eligible * to apply.

* Minimum salary AED 7000 required to apply for a Mashreq Personal Loan .

Click here to check loans from other banks.

Mashreq Personal Loan Calculator

ADIB Smart Account
Mashreq Personal Loan Details
Minimum Salary AED 7000 - AED 10000 per month (depends on the nationality and type of loan)
Interest Rates Flat rate: 2.63% | Reducing rate: 6.25%
Maximum Loan Amount AED 150K - AED 3000K(depends on the nationality and type of loan)
Early Settlement Fees 1% of the outstanding amount
Arrangement Fees 1% of the approved loan amount
Tenure 48 months
Age 21 - 60 years(Expats) & 65 years(UAE Nationals)

Features of Mashreq Personal Loan

Mashreq bank provides a variety of personal loans for different set of people like

Personal loan for Expats

Provides personal loan to meet the requirements of salaried expats working in UAE

  • Minimum salary AED 7000
  • Salary transfer to Mashreq bank is required
  • Debt to Burden Ratio should not exceed 50%
  • Can get up to 1 million AED

Personal loan for UAE Nationals

Provides personal loan for Emiratis with attractive interest rates and hassle-free documentation

  • Minimum salary AED 10,000
  • Only salaried individuals are eligible
  • Can get up to 3 million AED
  • Debt to Burden ratio should not exceed 50%

Personal loan for expats without Salary transfer

Provides personal loan for expats with no requirement of salary transfer

  • Minimum salary of AED 7000 is required
  • Salary Transfer not required
  • Minimum one year of employment with the current company

Emirati personal loan for pensioners

Provides personal loan without any guarantor and can maintain zero balance account

  • Minimum income of AED 10,000 is required
  • Free cheque book and debit card is given
  • Pension must be transferred to Mashreq bank account

Personal loan for New to UAE/New to Employer

Provides loan to the people who are new to UAE with a valid resident Visa or people who just got employed in UAE

  • Company must be listed with the bank
  • Salary transfer is required
  • Minimum salary of AED 7000 is required
  • Debt to burden ratio should not exceed 50%

Eligibility Criteria of Mashreq Personal Loan

  • A minimum salary of AED 7000 - AED 10,000 is required
  • UAE Nationals and Expats are eligible
  • For few loans salary transfer is mandatory

Check here for the Eligibility Criteria of Mashreq Personal Loan

Documents Required of Mashreq Personal Loan

  • Salary Certificate/Salary Certificate letter is mandatory
  • 3-6 months bank statements are required
  • Valid passport and VISA
  • Emirates ID
  • Personal loan application

Mashreq Bank Personal Loan Interest rates

Mashreq Bank

4 Personal Loans Provided By Mashreq Bank

Personal loan for UAE Nationals

minimum salary

Minimum Salary

AED 10K

flat rate

Flat Rate

3.3%

reducing rate

Reducing Rate

5.99%

loan amount

Loan Amount

AED 3000K

early settlement fee

Early Settlement Fee

1%

arrangement fee

Arrangement Fee

1%

minimum salary

AED 10K

Minimum Salary

flat rate

3.3%

Flat Rate

reducing rate

5.99%

Reducing Rate

loan amount

AED 3000K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

Advantages
  • High loan amount
  • Simple documentation
  • Can avail top-up facility
Advantages
  • High loan amount
  • Simple documentation
  • Can avail top-up facility

Benefits

  • Applicants can get up to AED 3,000,000 loan amount
  • Documentation is simple and easy
  • There is low salary requirement and long repayment period along with this scheme

Features

  • The loan is provided for a interest rate of 5.99%
  • Minimum salary of AED 10,000 is required
  • The reduction rate and the flat rate is 5.99% and 3.3%. This denotes that the computation done was a division of the reduction rate by 1.814
  • It is mandatory to transfer your salary
  • Finance up to AED 3,000,000
  • Early settlement fee is 1% of finance amount
  • Arrangement fee is 1% of loan amount

Benefits

  • Applicants can get up to AED 3,000,000 loan amount
  • Documentation is simple and easy
  • There is low salary requirement and long repayment period along with this scheme
  • Availability of Islamic Finance option

View details on bank page

Personal loan for Expats

minimum salary

Minimum Salary

AED 7K

flat rate

Flat Rate

3.57%

reducing rate

Reducing Rate

6.49%

loan amount

Loan Amount

AED 1000K

early settlement fee

Early Settlement Fee

1%

arrangement fee

Arrangement Fee

1%

minimum salary

AED 7K

Minimum Salary

flat rate

3.57%

Flat Rate

reducing rate

6.49%

Reducing Rate

loan amount

AED 1000K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

Advantages
  • Flexible tenure
  • Quick processing
  • High finance
Advantages
  • Flexible tenure
  • Quick processing
  • High finance

Features

  • Length of service should be minimum 6 months
  • Need to provide salary transfer letter in Mashreq format
  • Only Expats can apply for this scheme

Features

  • Length of service should be minimum 6 months
  • Need to provide salary transfer letter in Mashreq format
  • Only Expats can apply for this scheme
  • The loan is provided for a interest rate of 6.49%
  • Minimum salary of AED 7,000 is required
  • The reduction rate and the flat rate is 6.49% and 3.57%. This denotes that the computation done was a division of the reduction rate by 1.814
  • It is mandatory to transfer your salary to apply for this scheme
  • Finance up to AED 1,000,000
  • Early settlement fee is 1% of finance amount
  • Arrangement fee is 1% of loan amount

Benefits

  • Applicants can get up to AED 1,000,000 loan amount
  • Documentation is simple and easy
  • There is low salary requirement and long repayment period along with this scheme
  • Cheque book and debit card is provided free along with this scheme

View details on bank page

Emirati Personal loan for Pensioners

minimum salary

Minimum Salary

AED 10K

flat rate

Flat Rate

3.57%

reducing rate

Reducing Rate

6.49%

loan amount

Loan Amount

AED 1000K

early settlement fee

Early Settlement Fee

1%

arrangement fee

Arrangement Fee

1%

minimum salary

AED 10K

Minimum Salary

flat rate

3.57%

Flat Rate

reducing rate

6.49%

Reducing Rate

loan amount

AED 1000K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

Features

  • Must be a UAE national to apply for this scheme
  • The reduction rate and the flat rate is 6.49% and 3.57%. This denotes that the computation done was a division of the reduction rate by 1.814
  • The loan is provided for a interest rate of 6.49%

Features

  • Must be a UAE national to apply for this scheme
  • The loan is provided for a interest rate of 6.49%
  • Minimum salary of AED 10,000 is required
  • The reduction rate and the flat rate is 6.49% and 3.57%. This denotes that the computation done was a division of the reduction rate by 1.814
  • Pension salary transfer is mandatory
  • Finance up to AED 1,000,000
  • Early settlement fee is 1% of finance amount
  • Arrangement fee is 1% of loan amount

Benefits

  • Applicants can get up to AED 1,000,000 loan amount
  • Documentation is simple and easy
  • There is low salary requirement and long repayment period along with this scheme
  • Guarantors are not needed to apply for this loan
  • Cheque book and debit card is provided free along with this scheme

View details on bank page

Personal loan for New to UAE/New to Employer

minimum salary

Minimum Salary

AED 7K

flat rate

Flat Rate

3.57%

reducing rate

Reducing Rate

6.49%

loan amount

Loan Amount

AED 150K

early settlement fee

Early Settlement Fee

1%

arrangement fee

Arrangement Fee

1%

minimum salary

AED 7K

Minimum Salary

flat rate

3.57%

Flat Rate

reducing rate

6.49%

Reducing Rate

loan amount

AED 150K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

Benefits

  • Applicants can get up to AED 1,500,000 loan amount
  • Documentation is simple and easy
  • There is low salary requirement and long repayment period along with this scheme

Features

  • The loan is provided for a interest rate of 6.49%
  • Minimum salary of AED 7,000 is required
  • The reduction rate and the flat rate is 6.49% and 3.57%. This denotes that the computation done was a division of the reduction rate by 1.814
  • It is mandatory to transfer your salary
  • Finance up to AED 150,000
  • Early settlement fee is 1% of finance amount
  • Arrangement fee is 1% of loan amount

Benefits

  • Applicants can get up to AED 1,500,000 loan amount
  • Documentation is simple and easy
  • There is low salary requirement and long repayment period along with this scheme
  • Availability of Islamic Finance option

View details on bank page

About Mashreq

Mashreq Bank is a private sector bank established in 1967. It was started by Al-Ghurair Group and it also known as largest private sector bank. Mashreq Bank provides both retail and commercial services to their customers.

Mashreq provides a wide range of products and services that suits the needs of every customer. It works with an aim to provide their customers best banking experience and establish a good customer bank relationship. Mashreq Bank has marked its presence globally by starting their operations at regions like Bahrain, Egypt, Kuwait, Qatar. It also has branches in New York, Mumbai(India), London and Honk Kong.

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