Mashreq
New to UAE, New to Employer Loan

Salary Transfer Required?

yes

Minimum Monthly Salary

AED 7000

Fixed Rate

4.07%

Reducing Rate

7.38%

Max Loan Amount

AED 150000

Salary Transfer Required? yes

Minimum Monthly Salary AED 7000

Fixed Rate 4.07%

Reducing Rate 7.38%

Max Loan Amount AED 150000

Top Reasons To Choose

No minimum length of service required

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. You can use the funds to pay your annual rent, furnish your home, pay for children’s education or plan to cover upcoming living expenses

Documents Required

Copy of Passport and Valid Residence Visa
Copy of valid Emirates ID
Salary Transfer Letter from employer as per Mashreq format
Bank Statement
Security Cheque for the requested loan amount
Mashreq Personal Loan Application Form

Joining Offers

Eligibility

Minimum monthly salary of AED 7,000
Salary needs to be transferred to Mashreq
Employer needs 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

Detailed Features

Comfortable repayment loan tenure of up to 48 months
Exciting bundled offers available with extra benefits
Simple documentation and quick processing

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