Mashreq Bank Personal Loan Plus

Time to realize your dreams with Mashreq bank Personal Loan Plus

Get a chance to win up to AED 250,000 of your loan amount and your one-month’s salary up to AED 25,000 when you take a Personal Loan from Mashreq.

Features

– You require a minimum salary of AED 5,000 per month to be eligible.
– This rate is calculated on a reducing balance
– The reducing rate of this finance is 5.99% and the equivalent flat rate is 3.31%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only
– The rate varies between 5.99% to 16% depending on customer salary and if the company is listed with the bank.
– The processing fee is 1% of loan amount [Min AED 500; Max AED 2,500].
– Loan repayment period is up to 48 months.
– The early settlement fee is 1% of remaining balance or AED 10,000, whichever is less.
– It is a requirement to transfer your salary to apply.

• Minimum Monthly Salary of AED 5000 For Salary Transfer and AED 12,000 for Non-Salary Transfer Loans
• 3 months Bank Statement with salary credit
• Passport Copy with valid Visa
• Salary Transfer Letter from Employer as per Mashreq Format

Special Offer :

• “Mashreq Personal Loan Plus” is a limited time promotion offered by Mashreq, wherein 15 customers will win back their one month’s salary up to AED 25,000 and 1 customer will win back the Loan/Finance amount up to AED 250,000 based on a draw.