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Mashreq Home Loan for Non Residents

Mashreq
Home Loan for Non Residents

Minimum Salary Required AED 15000
Max Loan Amount AED 10,000,000
Fixed Rate
Reducing Rate 1.49%
Down Payment
Minimum Salary Required AED
Max Loan Amount AED 10,000,000
Fixed Rate
Reducing Rate 1.49%
Down Payment 50%

Top Reasons To Choose

  • Loan value upto 50% of the FMV of the property
  • Upto AED 10 million
  • 25 years of tenor
  • Loan is offered to both salaried and self-employed

A home loan especially for non-residents. Take advantage of Mashreq’s unique non-resident Home Loan which allows non-residents to purchase residential property in Dubai either for investment purposes or as a second home.

Documents Required

For salaried employees
  • Application form
  • Passport copy
  • Salary Certificate addressed to Mashreqbank
  • Three months original bank statements
  • Liability letter from the bank addressed to Mashreqbank
  • Photocopy of Purchase Contract
  • Photocopy of Down Payment receipts
 
For self-employed Individuals
  • Application form
  • Passport copy 
  • Three months bank statements personal and company
  • Liability letter from the bank addressed to Mashreqbank
  • Memorandum and articles of association
  • Audited financial statements of last 2 years
  • Board resolution copy
  • Trade license copy
  • Copy of Chamber of Commerce Registration
  • Business profile on company letterhead
  • Photocopy of Purchase Contract
  • Photocopy of Down Payments

Eligibility

Salaried :AED 15000 per month
Self employed

Detailed Features

  • Secure a Home loan of up to AED 10 million with Mashreq.
  • Loan is offered to both salaried and self-employed.
  • Low interest rate options to make your loan reasonable.
  • To a non UAE resident Mashreq finances up to 50% of the fair market value of the property.
  • The fair market value of a property is determined by a Mashreq approved Independent valuation agency
  • For home loans in UAE to a non-UAE Resident Mashreq finances up to AED 10 million.
  • Based on the financials Mashreq's home loan officer will assist you in determining your home loan eligibility.
  • For home loans in UAE to non-UAE residents the maximum loan tenor is 25 years.

Apply Now

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