Mashreq Non Salary Transfer Personal Loan for Expatriates

Mashreq
Non Salary Transfer Personal Loan for Expatriates

Salary Transfer Required?
yes
Minimum Monthly Salary
AED 7,0000
Fixed Rate
14.1%
Reducing Rate
25.6%
Max Loan Amount
AED 150,0000
Salary Transfer Required? yes
Minimum Monthly Salary AED 7,0000
Fixed Rate 14.1%
Reducing Rate 25.6%
Max Loan Amount AED 150,0000

Top Reasons To Choose

  • No salary transfer or collateral required

No Salary Transfer Personal Loan is a solution which enables salaried expatriates working in the UAE to avail a personal loan without going through the hassles of transferring salary to Mashreq. Our offerings are designed to assist you to avail funds quickly and conveniently to meet your planned or unexpected borrowing needs. Whether it's paying for children’s education, annual rent, attending to a medical emergency, we can make it happen quickly and hassle free!

Documents Required

  • Copy of Passport and Valid Residence Visa
  • Copy of valid Emirates ID
  • Salary Certificate
  • Last 3 months bank statement
  • Direct Debit Form (For non-Mashreq account holders)
  • Security Cheque covering 120% of the loan amount
  • Mashreq Personal Loan Application Form 

Eligibility

  • Minimum monthly salary of AED 7,000
  • Minimum of 1 Year of employment with the current company
  • The loan installment along with the overall regular monthly installments should not exceed 50% of the monthly salary

Detailed Features

  • Loan Amounts of up to AED 150,000
  • Competitive rates of interest
  • Comfortable repayment loan tenure of up to 48 months
  • No Salary Transfer or collateral required
  • Simple documentation and quick processing
  • Islamic finance option is available

Apply Now

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