Mashreq Personal loan for UAE Nationals

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Mashreq Bank

Personal loan for UAE Nationals

Minimum Salary

AED 10K

Flat Rate

3.3%

Reducing Rate

5.99%

Loan Amount

AED 3000K

Early Settlement Fee

1%

Arrangement Fee

1%

Advantages

  • High loan amount
  • Simple documentation
  • Can avail top-up facility
Apply Now
minimum salary

AED 10K

Minimum Salary

flat rate

3.3%

Flat Rate

reducing rate

5.99%

Reducing Rate

max finance

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
Apply Now

View details on bank page

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

Frequently Asked Questions

⭐ Can I apply for this loan if I am not a permanent employee in my company?

A. No, we have separate program for customers who are new to employer or are not permanent employees.

⭐ Can I apply for new loan if I already have existing loan to repay in Mashreq bank?

A. It'll be advised not to but if you have good credit history and sufficient salary is left after paying your monthly installments then you can apply.

⭐ Does Mashreq bank provides Islamic banking option?

A. Yes you get Islamic banking option in Mashreq bank.

⭐ When do I start repaying my loan?

A. The first due date should be within 90 days of the loan approval date.

⭐ Do we get installment deferment option for Mashreq personal loan ?

A. Yes you are eligible for 2 loan installment deferment every year.

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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