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Mashreq Top up Loan for existing customers
Top up Loan for existing customers
Features
- Get Top-up Loan For Existing Customers without any delay
- Get Instant online approval in 5 minutes
- Get loan up to 20X your salary and as high as AED 2 million
- You can enjoy low interest rates and 1st EMI deferral period of up to 90 days
- The Interest rate for expats starts from 5.99% up to 31.99% & for Emiratis starts from 5.99% to 12.99% (note: VAT not included in these interest rates)
Benefits
- Get a loan offer instantly, just enter the basic details such as mobile number, passport number and upload Emirates ID.
- Just accept the loan offer if you are happy and the funds will be added to your account.
- Only minimal documents are required through Mashreq Salary transfer account to get the loan amount.
- For approved companies minimum monthly salary is AED 5,000 and for unapproved companies it is AED 10,000
- Company approval is not compulsory for employees if the loan is offered from a preapproved company.
- The employment status should be a confirmed employee or length of service should be 6 months or more from the same company.
Overview
- Mashreq Bank provides you Mashreq Personal Loan where you can get a loan for your personal needs. For extra funds to cover unplanned expenses mashreq loan is the best option. Choose a top up loan in a few clicks and extend the borrowing limit on your loan.
Frequently Asked Questions
Q. How much loan top up can be provided?
A. Your top up loan amount can go up to 20 times your salary. The maximum loan amount that can be availed by expatriates is AED 1,000,000. For more details you can visit the branch.
Q. Do I need to transfer my salary to get Mashreq personal loan?
A. Yes, salary transfer is a requirement for Masheq personal loan
Q. How much is the loan offered by Mashreq bank?
A. You can get a loan up to 20 times of your salary and a maximum of AED 2 million.
Q. How is the interest earned?
A. The interest rates are competitive and the first EMI deferral period is 90 days
Q. How much is the minimum and maximum tenure for personal loans?
A. The minimum tenure is 6 months and the maximum tenure is 48 months. For employees of the ministry of defense it is up to a maximum of 60 months.
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