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.
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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
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
To find out more, click here.
Key Facts Statement
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.
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- 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.
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- An applicable 1% Processing Fee and 1.25% Insurance Fee will apply while obtaining an Education or Rent Loan.
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- No, this offer is only valid on fresh Personal Loans and will not be applicable on a Top-up application.
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- You have tranche disbursal options i.e. single or quarterly or every 4 months, or every 6 months.
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- You may have a minimum of 3 months and a maximum 12 months loan tenure.
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- This is available under conventional loan only.
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- You may have a minimum loan amount of AED 15,000.
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- Yes, existing account holders with Mashreq and with no active Personal Loan can apply under this programme.
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- There are no postponements or Top up allowed under this programme.
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