Mashreq Personal loan for New to UAE/New to Employer

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Mashreq Bank

Personal loan for New to UAE/New to Employer

Minimum Salary

AED 7K

Flat Rate

3.57%

Reducing Rate

6.49%

Loan Amount

AED 150K

Early Settlement Fee

1%

Arrangement Fee

1%

Apply Now
minimum salary

AED 7K

Minimum Salary

flat rate

3.57%

Flat Rate

reducing rate

6.49%

Reducing Rate

max finance

AED 150K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

Apply Now

View details on bank page

Features

  • The loan is provided for a interest rate of 6.49%
  • Minimum salary of AED 7,000 is required for approved companies. AED 10,000 is required for non-listed company's applicants.
  • 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
  • Applicants from non-listed companies are also eligible

Frequently Asked Questions

⭐ What all benefits do you get with Mashreq personal loan?

A. Free cheque book, debit card and current account with zero balance are provided as extra benefits with Mashreq personal loan.

⭐ How long does the application process take?

A. The application process for personal loan does not take more than 5-20 minutes.

⭐ Does the bank verify the documents that I provided for personal loan application?

A. Yes, especially when a new employer is apply for the loan.

⭐ What are the reasons because of which my personal loan application can get rejected?

A. Your personal loan application can get rejected by following reasons:
1. Bad credit history
2. Insufficient income
3. Incorrect details
4. Unstable employment

⭐ Can I reschedule my loan?

A. Yes, in Mashreq bank you can reschedule your existing 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.

   Get in touch with Mashreq Customer Care

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