You can use proceeds of a Mashreq Personal Loan for all your planned and unexpected needs: For example:
Consolidate debts, such as combining multiple credit cards or other debts into one loan
Plan a vacation with family / friends
Renovate your home
Plan that grand wedding
Fund self / child’s education needs
Attend to medical needs
Invest in lucrative opportunities
Property purchase in your Home Country / Overseas*
* As per the UAE Central Bank Guidelines, if a customer is taking out a home loan in the UAE, for a UAE property, the customer cannot avail a Personal Loan to fund the down payment of the property purchase.
Yes, you need to transfer your salary to Mashreq.
AED 7,000 for Approved Companies and AED 10,000 for Unapproved Companies.
Employer need not to be part of the approved list of companies with Mashreq
The loan instalment along with the overall regular monthly instalments should not exceed 50% of the monthly salary
Terms and condition apply
If your length of service with your current employer is less than 6 months or you have recently moved to the UAE, we have a separate program for customers who are New to UAE or New to Employer.
Mashreq offers Personal Loans up to 20 salary multiples & max up to AED 1 million.
The upfront costs related to a Personal Loan are Processing fees and Insurance fee.
The minimum tenure for a Personal Loan is 6 months and the maximum tenure is 48 months. For employees of the Ministry of Defence the maximum tenor is up to 60 months.
Our interest rates are competitive and are charged on a reducing balance. To know more about this, please get in touch with our bank representative.
The proceeds of the Mashreq Personal Loan for Expatriates will be credited to your Mashreq bank account. In certain buy-out or debt consolidation cases, as per your instructions, the payment will be made to another bank / financial institution.
Zero balance current account for personal loans greater than or equal to AED 25,000 along with a Cheque Book facility and a Debit card
Access to a wide ATM and Branch network
Access to award winning Online and Mobile Banking services
Bundled Propositions and Special Campaigns
Instalment Deferment Option
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Personal Loan Remit
Mashreq’s Personal Loan Remit allows you to transfer money in a single transaction with no Bank fees or charges