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Mashreq Personal loan for Expats without Salary transfer

Mashreq Bank

WarningMessage This product is discontinued by the Bank

Personal loan for Expats without Salary transfer

Minimum Salary

AED 7K

Flat Rate

2.63%

Reducing Rate

6.25%

Loan Amount

AED 1500K

Early Settlement Fee

1%

Arrangement Fee

1%

Apply Now
minimum salary

AED 7K

Minimum Salary

flat rate

2.63%

Flat Rate

reducing rate

6.25%

Reducing Rate

max finance

AED 1500K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

Apply Now

Features

  • The loan is provided for a interest rate of 6.25%
  • Minimum salary of AED 7,000 is required
  • The reduction rate and the flat rate is 6.25% and 2.63%. This denotes that the computation done was a division of the reduction rate by 1.815
  • It is mandatory to transfer your salary
  • Finance up to AED 1,500,000
  • 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

Frequently Asked Questions

⭐ What are the direct costs associated while availing a personal loan?

A. Direct costs related to a personal loan are processing fee and insurance fee.

⭐ Are there any other charges besides interest rates in Mashreq bank?

A. Yes, you have processing fee and documentation fee as extra charges on your personal loan.

⭐ Do we have to provide guarantors to apply for personal loan in Mashreq bank?

A. No, there aren't any collateral or guarantors required to apply for personal loan.

⭐ How are loan amount and interest rates determined for personal loan in Mashreq bank?

A. Your loan amount and interest rates are determined on the basis of credit history, salary and profession of the applicant.

⭐ Can I pre-close my personal loan in Mashreq bank?

A. Yes, after 6 months of disbursement of loan amount you can pre-close your personal loan.

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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