Personal Loan for Expats

Personal Loan for Expats

Min. salary
AED 7,000
Max. Amount
AED 1,000,000
Effective rate
5.99%
Mashreq Personal Loan for Expatriates is designed to meet the planned and unexpected borrowing requirements of salaried expatriates working in the UAE. Understanding the importance of your time, we aim to provide a Personal Loan within 24 hours with a host of other benefits.
View Summary
Salary Transfer
Required
Minimum Tenure
6 months
Maximum Tenure
48 month
Early settlement
1.00%

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Features

  • High Loan Amount of up AED 1 million
  • Competitive Interest Rates
  • Loan disbursals within 24 hours
  • Flexible repayment period

Documents Required

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

Eligibility

  • Minimum monthly salary requirement starting from AED 7,000 for Approved Companies & AED 10,000 for Unapproved Companies
  • Employer need not to be part of the approved list of companies with Mashreq
  • Minimum 6 months length of service OR 'Confirmed' with the current employer
  • Loan amount can go up to 20 salary multiples