Forget about getting a loan calculator. Mashreq offers the most convenient personal loan to meet both the planned and unexpected needs for cash that arise. In Mashreq we understand the criticality and the importance of the time factor in your life and hence we’ve improved our process to meet & exceed your expectations providing you with a Personal Loan with bundle of benefits that suits your needs within 24h only. You can review the features and terms to select the option that is right for you.
Personal Loans from Mashreq are designed specifically with the objective of helping expatriates borrow wisely.
No Salary Transfer Personal Loan is a solution which enables salaried expatriates working in the UAE to avail a personal loan without going through the hassles of transferring salary to Mashreq.
Find out more about Mashreq Al-Emarati Propositions, learn what it offers customers such as a current account, credit card, personal loan & home finance.
We provide This program to our customers who are New to UAE or New to Job, with a financial solution to help them settle down financially with a complete peace of mind
This is a program that is specifically designed to suit your needs as your financing needs do not end with your Job life.
Instead of sending regular payments home, with Mashreq’s Personal Loan Remit, you can send the money you plan on transferring in a single transaction. Ideal for buying a new property or renovating an old one and there’ll be no fees or charges from us.
Basically, it is a financial transaction between two parties: the bank and you – the borrower. Once you request an amount of money from us, the funds will be exchanged physically or electronically upon our mutual agreement with defined terms and conditions. You will then have to pay back the loan in monthly instalments according to the schedule defined at the moment of your application. For the benefit of borrowing money at your leisure, Mashreq adds a competitive interest to lower down your monthly payment. The borrower chooses the amount of interest, however, at the time of deciding how long to repay the debt for. Mashreq interest rates are extremely competitive, though and our aim is on helping our customers to borrow wisely.
Whether you need a new car, want to make an improvement to your home, or are putting it towards your children's education then a loan can help. And you're good to apply with any of those common reasons in mind. In fact, you're perfectly okay to borrow for most things. Still, if you're unsure, call one of our advisors on either +971 4 4244444 (Dubai) or +971 2 6274737 (Abu Dhabi).
The type of loan you apply for will depend on your intended purpose for the money. For example, you would apply for a 24 hour personal loan if you needed to borrow money fast because of an unforeseen car repair. But if you're looking for the security of ongoing financial support – perhaps for a business venture - then a conventional solution with a comfortable repayment period would suit better. We offer a wide range of loan types for you. To make things simple, we've consolidated these into three main categories:
In order to get a loan, you will need to make a clear and detailed application. To qualify, you will also need to provide certain forms of documentation - your eligibility will then depend on the type of financial solution you're applying for. You will then need to provide certain information based on the regulations for taking out a loan in the UAE. This is likely to include your employer; salary; current accommodation and extra income sources. For full details, you can review the information on each specific product page via this website or you can give us a call: +971 4 4244444 (Dubai) +971 2 6274737 (Abu Dhabi) .
The main advantage is that you receive the money you need, as soon as you're approved. The main disadvantage is that you'll owe another party money. So, you need to be sure you can repay that money within the agreed amount of time. Still, they're not the only things to consider. Below, we've listed the major pros and cons.