Personal Loans for Expatriates FAQ
How much can I borrow?
A maximum limit of upto AED 250,000.
What interest rates do I pay?
Our interest rates are charged on a reducing balance. The interest rates are extremely attractive and competitive and are dependent on your income and the period over which you wish to repay
What kind of collaterals do I need?
You do not need any collateral or guarantors.
Do I get any special benefits?
You automatically get a host of free benefits:
- Current account
- Cheque book
- Electron ATM / debit card - accepted worldwide
- Access to 50+ branches open from 8.00am - 4.00pm
- 24 hour telephone banking
- Access to ATM's across the UAE
How long do I have to repay my loan?
From 6 months to a maximum of 72 months, depending on your choice, eligibility and ease of repayment. You can also postpone installment payments (subject to conditions).
Who is eligible for a Personal Loans for Expatriates?
UAE resident expatriates working for government /semi government companies and UAE resident expatriates working for employers on Mashreqs' list of approved companies.
What is the minimum Personal Loans for Expatriates loan amount?
AED 15000.
What is the minimum salary required to get a loan?
AED 5000.
Can loans be given to unconfirmed employees?
No, the customer needs to be confirmed to avail a loan.
What documents do I need?
Salary Transfer Certificate, a copy of your Passport with a Valid Resident Visa and three months/six months of bank statements showing regular salary credits.
When can I postpone my loan installment?
You can postpone one loan installment payment every calendar year.
When can I apply for a top-up loan?
You can apply for a top up loan if you have not utilized the entire eligibility or in case of increase in salary.