Instant approval
In principle
Up to 90 days
1st EMI deferral period
Free Credit Card
& unbeatable benefits
Designed with Expatriate needs in mind
Are you ready to apply?
Benefits
High loan amounts
Flexible repayment period
Fast approvals
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
Have your Emirates ID handy? Upload and get your quote now!
Eligibility
Minimum Monthly Salary
Company Approval Status
Employment Term
Transparency
Terms & Conditions of Personal Loans
Terms & Conditions of Credit Life
Fees & Charges
Key Facts Statement
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.
Was this useful?
- Yes, you need to transfer your salary to Mashreq.
Was this useful?
- 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
Was this useful?
- 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.
Was this useful?
- Mashreq offers Personal Loans up to 20 salary multiples & max up to AED 1 million.
Was this useful?
- The upfront costs related to a Personal Loan are Processing fees and Insurance fee.
Was this useful?
- 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.
Was this useful?
- 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.
Was this useful?
- 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.
Was this useful?
- 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
Was this useful?
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
No Processing Fee & Life Insurance charges
1st EMI deferral period up to 90 days
Instant approval capacity
Debt Consolidation Loan
Combine debts into one personal loan and save on interest repayments. This helps you consolidate and settle debts efficiently.
Lower monthly payments
1st EMI deferral period up to 90 days
Reduced interest payments over lifecycle
Did you find the information you were looking for on this page?