Your top up loan amount can go up to 20 times your salary
The maximum loan amount can go up to AED 1,000,000 for Expatriate
Your loan installment, along with your overall monthly installments must stay below 50% of your salary
If you have a salary increment, receive company benefits such as accommodation or own a separate form of extra variable income - then your eligibility may be increased
Your loan tenor can go up to a maximum of 48 months
The assessment process is quick and simple. As you're an existing customer, the approval process for a Top Up Loan is fast, because we already have your information on file.Your eligibility to qualify is based on the following:
Minimum monthly salary requirement starting AED 7,000 for Approved Companies & AED 10,000 for Unapproved Companies.
Salary needs to be transferred to Mashreq
The loan installment along with the overall regular monthly installments should not exceed 50% of the monthly salary.
Your salary should be transferred to Mashreq (if not already
Terms and conditions apply
If your income has changed since applying for your current loan and you would like your eligibility to be reconsidered, then you are required to provide a New Salary CertificateBeyond that, you will need:
A security cheque with the requested loan amount
A completed top up loan application form (we provide you with the incomplete version first)
A copy of your passport & valid residence
Valid Emirates ID
*Valid Passport & residence visa is only required if the copy you provided to get your existing loan with us has expired
You may currently have an active loan from Mashreq. A top up loan is used to extend your current borrowed amount.This also extends the repayment period for both loans (the original + your top up) to a single date.
There are two simple ways to apply for a Top Up Loan from Mashreq.
Call us on +971 4 4244444
Click Apply Now and give us the details of your application via the quick online form.
You are not committed to anything by calling us for a chat. We're happy to talk you through your options and answer any questions
You may also be interested in
Personal Loan Remit
Mashreq’s Personal Loan Remit allows you to transfer money in a single transaction with no Bank fees or charges