Mashreq offer personal loans for pensioners across the entire UAE. With competitive interest rates, comfortable repayment periods and flexible loan amounts - thousands of Emirati pensioners loan from us every year
Bank statement from the last 3 months
Security cheque with the requested loan amount
Completed Mashreq personal loan application form
Copy of your passport is
At least one payment from your pension salary needs to be credited into your Mashreq account
Valid Emirates ID
Copy of family book
You must be a UAE National who is receiving a monthly pension salary from the Pension Authority
You must have a minimum income of AED 10,000
You must ensure your pension salary is transferred to Mashreq
Important points to note about personal loans on a pension:
Loan amount can go up to 20 income multiples
The total repayable amount should not exceed 30% of your monthly pension salary
The maximum loan tenor can go up to 48 months
Minimum loan amount is AED 20,000
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FABCashback Credit Card
SALARY TRANSFER Yes
MONTHLY SALARY AED 5,000
FIXED RATE 3.50%
REDUCING RATE 3.50%
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