Revolving Overdraft
The Revolving Overdraft facility from Mashreq gives you easy access to additional funds, making your life simpler. You get instant access to funds for unexpected expenses. Under the Revolving Overdraft facility, you can withdraw your entire overdraft amount at any ATM, at any time.
Top 3 reason to Avail
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High Overdraft Amount
High Overdraft Amount Maximum limit of up to AED 100,000
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Flexible Options
Flexible Options to access funds any time through Debit Card or Cheque
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Competitive Interest Rates
Competitive Interest Rates payable only on the amount utilized
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
- Quick & easy processing
- 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 at any ATM
- Free current account with No minimum balance
Eligibility
- Minimum Income of AED 5,000*
- Salary must be transferred to your current account
- Employed in Mashreq's list of approved companies
*Terms & Condition apply
Documentation
- Application form
- Valid Passport with residence visa page for Expatriates
- Salary Transfer letter (Issued in last 30 days)
- Latest 3 months bank statement ( Mashreq a/c not required )