Personal Loan Remit

Personal Loan Remit

Min. salary
AED 7,000
Max. Amount
AED 1,000,000
Effective rate
5.99%
Instead of sending regular payments home, with Mashreq’s Personal Loan Remit, you can send the money you plan on transferring in a single transaction. Ideal for buying a new property or renovating an old one
View Summary
Salary Transfer
Required
Minimum Tenure
6 months
Maximum Tenure
48 month
Early settlement
1.00%

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Features

  • No processing Fee
  • Complimentary Life Insurance
  • Convenience to remit to any bank account or any beneficiary in your home country
  • Loan amount up to AED 1 Million
  • Loan disbursal in 24 hours
  • Simple documentation and application process
  • Islamic finance also available

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 for Expatriates and AED 10,000 for Emiratis.
  • 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