Home Loan for Residents

Own your dream home today

Fast & easy processing

Free pre-approval

In only 10 minutes

Up to 85%

Of property value

No salary transfer needed

Easy set-up

Enjoy a wide range of home loan solutions

Discover the best range of house finance options guided by our mortgage experts. With our quick digital pre-approval, instantly find out  how much you are qualified to borrow. 
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Are you ready to apply?


Generous loan limits
High loan amounts of up to AED 10 million.
Excellent repayment period
Loan repayment tenure of up to 25 years.
Low interest rate options

Enjoy all the benefits of generously low interest rates on your loan.


The paperwork

Complete a simple application form
Valid passport, visa & Emirates ID copy
Income statements


Minimum Monthly Salary
AED 15,000
Employment status
Salaried or self-employed individuals
 UAE Nationals or resident expatriates

General questions

UAE residents, nationals and expatriates.

For salaried customers: Minimum: 21 years / Maximum: 65 years on maturity of loan 
For self-employed customers: Minimum: 21years/ Maximum: 70 years on maturity of loan
You can borrow up to a maximum of AED 10 million for up to a maximum of 25 years

Your application will be evaluated on the following criteria:

  • Your income stream
  • Your employment history and stability
  • Your ability to handle current obligations as well as new ones
  • The value of the property being purchased or refinanced
  • Your assets to assess your ability to meet your down payment
Refinance allows you to liquidate the cash value of property, available to all residents, expatriates and UAE nationals
Yes, at Mashreq we deal with two types of transactions
Full Payment: Where the first purchaser has made 100% payments to the developer and is selling the property to you. Here the payments would be made to the first purchaser.
Part Payment: Where the first purchaser has only paid the down payment and the balance is yet to be made to the developer. Here, the down payment would need to be paid by you to the seller and the balance be made to the developer
Yes, both Life Insurance and Property Insurance are mandatory before disbursing the loan.
Property Insurance: The Property Insurance premium is calculated on the cost of the property and is available only through Oman Insurance Company OIC (FOR T&C's click here). The amount of the insurance premium will be debited from your account prior to the final disbursal and each year thereafter. A property insurance certificate will be delivered to you by the insurance company within a month.

Life Insurance: Life Insurance is also mandatory from OIC (FOR T&C's click here). Customers with Please Note:    - An Assignment Fee will be applicable and a policy can only be assigned at loan origination     - Existing life insurance policies can only be assigned at loan origination.existing life insurance policies through Oman Insurance Company, Zurich and Alico have the option to assign* the policy to the Bank provided that it meets the following criteria:

  • Policy is more than six months
  • Policy covers the loan value
  • Policy covers the tenure of the loan including the construction period
  • Policy is active and insurance premium is paid up to date
For salaried employees
  • Application form
  • Passport copy with valid visa
  • Salary Certificate addressed to Mashreqbank
  • Last six months original bank statements
  • Liability letter from the bank addressed to Mashreqbank
  • Photocopy of Purchase Contract
  • Photocopy of Down Payment receipts
For self-employed Individuals
  • Application form
  • Passport copy with valid visa
  • Last six months bank statements personal and company
  • Liability letter from the bank addressed to Mashreqbank
  • Memorandum and articles of association
  • Audited financial statements of last 2 years
  • Board resolution copy
  • Trade license copy
  • Copy of Chamber of Commerce Registration
  • Business profile on company letterhead
  • Photocopy of Purchase Contract
  • Photocopy of Down Payments
Yes, all co-owners of the property have to be co-borrowers.

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