Mashreq Bank Personal Loan Plus

Intro offer: Apply for the Mashreq Personal Loan or Top Up before 15 May 2015 for a minimum amount of AED 50,000 to get a chance to win in the Mashreq Personal Loan Plus draw. One winner gets their loan amount back (up to AED 250,000) and 15 winners get back one month of their salary (up to AED 25,000).

Table of Contents

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.

 

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