Debt Consolidation For Emiratis

With lower monthly payments

Up to 120 days

Repayment holiday period

Up to 5 Million AED loan

At competitive rates

Repayment tenure

Of up to 300 months

Mashreq Debt Consolidation for Emiratis

With Mashreq Debt Consolidation Loan for Emiratis, enjoy lower payments and get out of long term debt sooner

Are you ready to apply?

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Flexible Tenure
Up to 300 months for Long term loan and 48 month for debt consolidation
happiness account
Discover our Happiness Account which offers a guaranteed joining bonus and a host of other benefits.
Terms & Conditions apply
Installment Postponements available
You have the option to defer your repayments subject to bank approval
Online Access
Access to Online and Mobile Banking anytime, anywhere.

Manage your debt with Mashreq

Are you trying to manage multiple payments with higher interest rates? Mashreq can help you with debt consolidation so that you have lower repayment to manage with less interest.
Manage your debt with Mashreq


Minimum monthly income
AED 10,000
Company Approval Status
Employer must be a part of the approved list of companies with Mashreq.
Salary Transfer
It is mandatory to transfer your salary in order to qualify.
Other requirements
Debt to Income Ratio should not exceed 50% of the monthly salary. Long-term loan origination should be prior to May 2011.
Personal Loan for Emirati

Feel free to play around with the calculator

Loan amount


AED 1,000

AED 5,000,000

Interest rate


2.99 %

36 %

Pay back over how many months?


3 months

300 months

For better decisioning you can also compare various loans

Loan Comparison Calculator

Monthly Installment


Terms & condition will apply. Actual installments may differ.

You will need

Valid Passport
Valid Emirates ID
Employer Salary transfer letter as per Mashreq format OR Salary Cert. for Govt./ Semi Govt. employees
Latest 3 months Bank Statements with salary credit

Are you ready to apply?


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

Still got questions?

To buyout liabilities from other banks and to consolidate non long term liabilities into one short term loan to reduce payments.

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In the case of a standalone 48 months debt consolidation loan the response is yes. However, in the case of long term loan buyout and a 48 month debt consolidation along with long term loan buyout, no additional funds can be given to the customer.

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Yes, to get a Personal Loan, you need to transfer your salary to Mashreq.

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No, you don't need to keep any assets as a security against your loan.

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  • Minimum monthly salary of AED 10,000
  • Salary needs to be transferred to Mashreq
  • Employer needs to be part of the approved list of companies with Mashreq
  • The loan installment along with the overall regular monthly installments should not exceed 50% of the monthly salary
Terms and Conditions apply.

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As per Central Bank guidelines the long-term loan tenor will be “Lower than active remaining tenor” and Debt Consolidation tenor will be up to 48 months (for Armed Forces employees up to 60 months).

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Our interest rates are competitive and are charged on a reducing balance, to know more about this get in touch with our bank representative.

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EMI (Equated Monthly Installment) is calculated based on the total amount of your loan, the loan tenure, 1st due date and the annual interest rate.

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The 1st due date of EMI repayment is linked to your salary credit date & should be within 120 days of the loan disbursal date.

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