Mashreq New to UAE, New to Employer Loan

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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