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Mashreq Personal loan for New to UAE/New to Employer
Credit Bureau Consent, Welcome Offer & General Terms & Conditions
I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.
Personal loan for New to UAE/New to Employer
- 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
- 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 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