Mashreq Slice Loans
You can slice your Education or Rent Loan and save up to 70% interest. This Personal Loan variant offers customers a tranche disbursal option by slicing equally his/her loan requirement for an Education or Rent Loan
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- Minimum loan amount AED 15,000
- Repayment loan tenure of minimum 3 months & up to maximum 12 months
- Equal Tranche disbursal option available in single, quarterly, every four months or every 6 months
- EMI Repayment as per Tranche disbursal
- Simple documentation and application process
- Valid Passport Copy with Valid residence visa for Expatriate
- Valid Emirates ID
- Salary Transfer Letter as per Mashreq format or salary certificate from employer or Salary certificate for Government / semi Government
- Latest 3 months Bank statement with salary credits
- Quotation from Education or Rental agency i.e Performa Invoice, Estimate, Rent contract.
- Minimum monthly Salary Requirement starting from AED 7,000 for Approved Companies & AED 10,000 for Unapproved Companies for Expatriate and AED 10,000 for Emiratis.
- Salary needs to be transferred to Mashreq
- Loan amount can go up to 20 salary multiples