Commercial and Fleet Vehicle Financing
Mashreq provides a range of vehicle financing solutions for our SME clients, including financing for the purchase of trucks, pick ups, heavy earth moving equipment including cranes, excavators, shovels and loaders etc. that are used by transport and construction companies, clearing and forwarding agents and freelance operators who use this equipment for generating business and income from contracts and projects they are working on. Key product features include:
Commercial Vehicle Finance
| Criteria | Authorized Business Entities (any legal entity with heavy commercial equipment requirement) |
| Max Loan Amount | AED 4,000,000 |
| Repayment Tenors | 12 – 48 months |
| Vehicle Insurance | Comprehensive Insurance for a period of 13 months |
| Interest Rate | 5.5% p.a. – 7.25%p.a.(flat) |
Rent-a-Car Finance
Mashreq provides loans for the financing of passenger vehicles for companies in the car rental business. Designed for organizations operating in the UAE, our Rent-A-Car Finance is available for the purchase of new or used vehicle(s) to meet their business needs. Key product features include
| Criteria | All Rent-A-Car Entities (including transport companies in Abu Dhabi) |
| Max Loan Amount | AED 4,000,000 |
| Repayment Tenors | 12 – 36 months |
| Vehicle Insurance | Comprehensive Insurance for a period of 13 months |
| Interest Rate | 4.5% p.a. (flat) |
Car Dealer Finance
Mashreq provides revolving credit limits for the financing of fast moving, high selling inventory of cars by automobile dealers. Car Dealer Finance Loans are designed for legal business entities operating in the UAE. These loans can be used for the purchase of new or used vehicles for trade in the UAE market. Key product features include
| Criteria | Used Car Dealers Only |
| Max Loan Amount | AED 3,000,000 |
| Repayment Tenors | 1 – 3 months |
| Vehicle Insurance | Comprehensive Insurance for a period of 13 months |
| Interest Rate | 9% p.a. (flat) |