Revolving Overdraft
The Revolving Overdraft (ROD) from Mashreq gives you easy access to the additional funds you need to simplify your life. It is the ideal advance salary loan package to help you meet your urgent cash needs. You can use your ROD facility to deal with emergencies, make unexpected payments or to simply enjoy yourself, while paying a low monthly interest rate on the utilized amount. You have the added flexibility to withdraw your entire overdraft amount at any ATM or branch at any time.
Key Features
- Overdraft limit up to 2 times salary or maximum AED 100,000
- Most competitive interest rate, payable only on the amount utilized
- Automatic renewal every year*
- Quick & easy processing
Benefits
- Annual fee waived for Mashreq Gold
- Cheque protect facility on your Account provides complete peace of mind
- Flexibility to use your money any time through Debit Card or Cheque
- Ability to withdraw entire Overdraft amount worldwide at any ATM
Eligibility
- Minimum Income of AED 35,000 or based on Personal Financial Asset balance
- Salary must be transferred to your current account
*Terms & Condition apply
