Mashreq Personal Loan Remit is a bundled facility offered only to those customers who want a loan from Mashreq and transfer the funds to their home countries or to international destinations, for Investment or any other purpose.
There will not be any charges (Processing Fee and Insurance fee will be waived) on your Personal Loan, if the entire loan amount is transferred with Mashreq to a destination outside the United Arab Emirates. Remittance fee charged by Mashreq Bank will be waived-off. However applicable correspondent Banks’ charges will apply.
No, this offer is only valid on fresh Personal Loans and will not be applicable on buy-out or top-up cases.
In order to be eligible for Personal Loan Remit benefits, you need to transfer the entire loan amount.
Yes, existing account holders with Mashreq and with no active Personal Loan can apply under this programme.
Foreign currency rates decided by Mashreq on the day of transfer will be applied. Once your Loan is approved, you will be called by a Mashreq representative to confirm the exchange rates before transferring the funds
In case of disagreement on the exchange rates, you will be given an option to continue the loan by paying all the applicable charges (Processing fee and insurance charges) or to cancel the loan.
To apply for a Personal Loan Remit, you can visit any Mashreq Branch, apply online or call us on +9714-424-4444 or +09712-627-4737. You can also send a SMS “PLRM” to 4250 to have our representative get in touch with you.
In order to apply for Personal Loan Remit, you need to provide standardised Personal Loan documentation and required Fund Transfer details.
Valid Passport Copy with valid residence visa for expatriates
Valid Emirates ID
Salary transfer letter from employer as per Mashreq format or salary certificate for Government / semi Governmen
Latest 3 months Bank statements with salary credits Terms & conditions apply
Minimum monthly salary requirement starting from AED 7,000 for approved companies & AED 10,000 for unapproved companies.
Employer need not to be part of the approved list of companies with Mashreq
The loan installment along with the overall regular monthly instalments should not exceed 50% of the monthly salary
Terms and conditions apply
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