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Mashreq Personal Loan for Expatriates is designed to meet the planned and unexpected borrowing requirements of salaried expatriates working in the UAE. Understanding the importance of your time, we aim to provide a Personal Loan within 24 hours with a host of other benefits.
Eligibility and Criteria
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.
Minimum 6 months length of service OR ‘Confirmed’ with the current employer.
Loan amount can go up to 20 salary multiples.
Rates and Fee
Interest rate starting from 6.49% Reducing.
Processing fee is 1% f loan amount.
Insurance fee is 1.25% of loan amount.
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.
High Loan Amount of up AED 1M.
Loan disbursals within 24 hours.
Flexible repayment period.