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Thank you for providing your details.Mashreq Personal Loan for New Customers
Personal Loan for New Customers
Features
- Quick personal loans for new customers with no delays.
- Instant online approval in just 5 minutes.
- Borrow up to 20x your salary, up to AED 2 million.
- Benefit from low interest rates and a 90-day EMI deferral period.
- The Interest rate for expats starts from 5.99% up to 31.99% & for Emiratis, it starts from 5.99% to 12.99% (note: VAT not included in these interest rates)
- Minimum monthly salary of AED 5,000 for approved companies and AED 10,000 for unapproved companies
Benefits
- Instant Loan Offer: Simply provide basic details like mobile number, passport number, and upload Emirates ID to get an instant loan offer.
- Hassle-Free Approval: Accept the offer, and the funds will be credited to your account quickly.
- Minimal Documentation: Easily secure your loan through a Mashreq salary transfer account.
- No Company Approval Required: Employees of preapproved companies can apply without additional company approvals.
- Employment Criteria: Applicants must be confirmed employees or have 6+ months of service with the same employer.
Overview
- Mashreq Bank offers the Mashreq Personal Loan, a flexible solution to meet your personal needs. Whether it's for education, a holiday trip, home renovation, or anything else, you can access funds quickly and easily. With a streamlined digital process, you can apply for and receive instant loan approval.
Frequently Asked Questions
Q. How can I use Mashreq's personal loan?
A. You can use the personal loan for various purposes, including vacations, home renovations, weddings, education, medical emergencies, luxury purchases, or any other need.
Q. Can a new employee get a loan?
A. Yes, new employees can avail of a loan under Mashreq's 'New to UAE' or 'New to Employer' categories.
Q. How much is the loan offered by Mashreq Bank?
A. You can borrow up to 20 times your salary, with a maximum loan amount of AED 2 million.
Q. How is the interest calculated?
A. Mashreq offers competitive interest rates, and you can enjoy a 90-day deferral period for the first EMI.
Q. What is the cost of getting a Mashreq personal loan?
A. The primary cost of the loan is the processing fee. You can consult with bank officials for details on the exact fee amount.
Mashreq
Mashreq Bank is a private sector bank established in 1967. It was started by Al-Ghurair Group and it also known as largest private sector bank. Mashreq Bank provides both retail and commercial services to their customers.
Mashreq provides a wide range of products and services that suits the needs of every customer. It works with an aim to provide their customers best banking experience and establish a good customer bank relationship. Mashreq Bank has marked its presence globally by starting their operations at regions like Bahrain, Egypt, Kuwait, Qatar. It also has branches in New York, Mumbai(India), London and Honk Kong.
Get in touch with Mashreq Customer Care