New to UAE/ Employer Loan

Loan disbursals within 24 hr

Up to AED 150,000

Loan amount

Competitive interest rate

Easier repayment

Up to 48 months

Convenient repayment period

A personal loan that helps you settle down

If you’ve recently moved to the UAE or have just changed employer, we can help you to settle. Meet your immediate personal finance needs with a Personal Loan at competitive rates.

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Apply easily
Simple documentation and quick processing
Flexible repayment period
Repayment tenure of up to 48 months (60 months for Ministry of Defence employees).
Additional benefits
Enjoy exciting bundled offers available with extra benefits.


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

Did you know

If you have recently moved to the UAE or you have just changed your employer; Mashreq helps you to settle and meet your immediate personal finance needs with a Personal Loan within 24 hours at competitive rates and with a flexible repayment period.

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The features and benefits include
  • Loan amounts of up to AED 150,000
  • Competitive rate of interest
  • Comfortable repayment loan tenure of up to 48 months
  • Exciting bundled offers available with extra benefits
  • Simple documentation and quick processing
  • Islamic finance option is available

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  • Minimum monthly salary requirement starting from AED 7,000 for approved companies & AED 10,000 for unapproved companies.
  • Employer need not 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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  • Valid passport copy with valid residence visa for Expatriates
  • Valid Emirates ID
  • Salary Transfer Letter from employer as per Mashreq format or salary certificate for Government / semi Government
  • Latest 3 months Bank statement with salary credits Terms & conditions appl

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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
  • Interim Needs
  • Property purchase in your Home Country / Overseas*
  • * As per the UAE Central Bank Guidelines, if a customer is availing 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.

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Yes, to get a Personal Loan for Expatriate, 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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If your length of service with your current employer is less than 6 months or you have recently moved to the UAE you can avail under New to UAE or New to Employer.

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The upfront costs related to a Personal Loan are processing fees and an insurance fee as per schedule of charges.

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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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Personal Loan for Existing Customers

Mashreq Personal Loan for Expatriates meets the borrowing requirements of salaried expatriates working in the UAE.

Borrow 20 times your salary

Instant approval

First EMI deferral of up to 90 days

Personal Loan Remit

Mashreq’s Personal Loan Remit allows you to transfer money in a single transaction with no Bank fees or charges

No Processing Fee & Life Insurance charges

1st EMI deferral period up to 90 days

Instant approval capacity

Download Mashreq Mobile App

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