New to UAE/Employer

New to UAE/Employer

Min. salary
AED 7,000
Max. Amount
AED 150,000
Effective rate
12.99%
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.
View Summary
Salary Transfer
Required
Minimum Tenure
6 months
Maximum Tenure
48 month
Early settlement
1.00%

Apply online now

Fill in your details and our expert advisor will contact you soon.

Features

  • Loan amounts of up to AED 150,000
  • Competitive rate of interest
  • Comfortable repayment loan tenure of up to 48 months
  • Exciting bundled offers available with extra benefits
  • Simple documentation and quick processing
  • Islamic finance option is available

Documents Required

  • Valid Passport Copy with Valid residence visa for Expatriate
  • Valid Emirates ID
  • Salary Transfer Letter from employer as per Mashreq format or Salary certificate for Govt/semi govt
  • Available Bank Statement or Latest 3 months Bank statement with salary credits

Eligibility

  • Minimum monthly salary requirement starting AED 7,000 for Approved Companies & AED 10,000 for Unapproved Companies.
  • Salary needs to be transferred to Mashreq
  • The loan installment along with the overall regular monthly installments should not exceed 50% of the monthly salary