Personal Loan for Expatriates

Borrow 20x your salary

Instant approval

In principle

Up to 90 days

1st EMI deferral period

Free Credit Card

& unbeatable benefits

Designed with Expatriate needs in mind

Mashreq Personal Loan for Expatriates meets the borrowing requirements of salaried expatriates employed in the UAE. We aspire to provide your Personal Loan within 24 hours.
thinking plans

Are you ready to apply?


High loan amounts
Loan amounts are as high as 20 salary multiples to a limit of AED 1 million.
Flexible repayment period
Repayment Tenure up to 48 months (60 mths. for Ministry of Defence employees).
Fast approvals
Our fast processing means that approval can take as little as 24 hours.
Personal Loan Calculator

Feel free to play around with the calculator

Loan amount


AED 10,000

AED 1,500,000

Interest rate


2.99 %

36 %

Pay back over how many months?


3 months

60 months

For better decisioning you can also compare various loans

Loan Comparison Calculator

Monthly Installment


Have your Emirates ID handy? Upload and get your quote now!

Terms & condition will apply. Actual installments may differ.

The paperwork

Valid Passport with residence visa page
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.employees


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 the current employer


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

Still got questions?

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 taking out 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, you need to transfer your salary to Mashreq.

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  • AED 7,000 for Approved Companies and AED 10,000 for Unapproved Companies.
  • Employer need not to be part of the approved list of companies with Mashreq
  • The loan instalment along with the overall regular monthly instalments should not exceed 50% of the monthly salary
  • Terms and condition apply

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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, we have a separate program for customers who are New to UAE or New to Employer.

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Mashreq offers Personal Loans up to 20 salary multiples & max up to AED 1 million.

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The upfront costs related to a Personal Loan are Processing fees and Insurance fee.

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The minimum tenure for a Personal Loan is 6 months and the maximum tenure is 48 months. For employees of the Ministry of Defence the maximum tenor is 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, please get in touch with our bank representative.

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The proceeds of the Mashreq Personal Loan for Expatriates will be credited to your Mashreq bank account. In certain buy-out or debt consolidation cases, as per your instructions, the payment will be made to another bank / financial institution.

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  • Zero balance current account for personal loans greater than or equal to AED 25,000 along with a Cheque Book facility and a Debit card
  • Access to a wide ATM and Branch network
  • Access to award winning Online and Mobile Banking services
  • Bundled Propositions and Special Campaigns
  • Instalment Deferment Option

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Download Mashreq Mobile App

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