Mashreq-Slice-Loans
Slice Loan

Save up to 70% in Interest Payments

It’s simple to apply!

Up to 70% savings

In Interest Payments

Easy repayment

As per Tranche disbursal

Simple documentation

& easy application

Save up to 70% in interest payments with a Slice Loan

Slice your Education or Rent Loan and save up to 70% interest. Apply for a Slice Loan and we will have the tranche disbursal requirement fulfilled as per your request.
benefits steps

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Benefits

Range of disbursal options
Equal tranche disbursal options of single, quarterly, every 4 or 6 months.
Flexible repayment
Repayment loan tenure of min. 3 months and up to max. 12 months.
Easy application
Simple documentation and application process.

The paperwork

Valid Passport with residence visa
Valid Emirates ID
Latest 3 months Bank Statements with salary credits
Employer Salary transfer letter as per Mashreq format OR Salary Cert. for Govt./ Semi Govt. employee
paper-work

Eligibility

Minimum Monthly Salary
AED 7,000 (approved companies) & AED 10,000 (unapproved companies).
Company Approval Status
Not mandatory to be employed by an approved company for eligibility.
Employment Term
Minimum 6 months length of service or 'confirmed' with current employer

Transparency

Terms & Conditions of Personal Loans
To find out more, click here.
Terms & Conditions of Credit Life & ILOE
To find out more, click here.

Did you Know

"Mashreq Slice Loan" is a Personal Loan facility offered to customers who want to avail an Education or Rent Loan payable in tranches.
You can split a loan of AED 100,000 in up to 4 slices of AED 25,000 each and decide the tranche disbursal dates. At an interest rate of 6.99% p.a. you will end up paying only AED 1,088 in total interest with a Mashreq Slice loan versus AED 3,827 with a regular loan over 12 months.
An applicable 1% Processing Fee and 1.25% Insurance Fee will apply while obtaining an Education or Rent Loan.
No, this offer is only valid on fresh Personal Loans and will not be applicable on a Top-up application.
You have tranche disbursal options i.e. single or quarterly or every 4 months, or every 6 months.
You may have a minimum of 3 months and a maximum 12 months loan tenure.
This is available under conventional loan only.
You may have a minimum loan amount of AED 15,000.
Yes, existing account holders with Mashreq and with no active Personal Loan can apply under this programme.
There are no postponements or Top up allowed under this programme.

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