Mashreq Bank Personal Loan

With a Mashreq Bank personal loan, you can easily manage your finances. With competitive interest rates, flexible repayment terms, and no hidden charges, it is an ideal solution for those looking to finance major purchases or consolidate debt. You can also enjoy additional benefits such as free travel insurance and complimentary access to airport lounges with certain loan more

Mashreq Bank Personal Loan
Mashreq Bank Personal Loan
Personal Loan Starting from 2.63%* Interest rate

T&C Apply

  • Minimum Salary 5000 AED
  • EMI Tenure up to 48 Months
  • Lowest Interest Rates

Get personal loan at Lowest Interest Rate

  • Dubai
  • Abu Dhabi
  • Sharjah
  • Ras Al Khaimah
  • Ajman
  • Other

Mashreq Bank personal loans are one of the many excellent financial services the bank has been providing since its inception in 1967. Mashreq personal loanThe Mashreq Bank Personal Loan interest rate ranges from 5.99% to 31.99% also an attractive feature of Mashreq personal loan is that the loan amount can be repaid up to a tenor of 48 months.

Mashreq personal loan is one of the most preferred financial solutions that offer loans up to a maximum of AED 3 million for UAE nationals and AED 1 million for the expats.

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List of Mashreq Bank Personal Loan Plans with Interest Rate

In order to find the Mashreq Bank personal loan interest rates and other related information, kindly consider the below table:

Mashreq Personal Loan Interest Rates



Max. Loan Amount

Repayment Tenor

Interest Rate

Type of Interest

Mashreq Personal Loan for UAE Nationals

AED 3 Million

Up to 48 months

5.99% - 12.99%


Mashreq Personal Loan for Expatriates

AED 1 Million

Up to 48 months

6.49% - 31.99%


*Interest rates are subject to change any time. 

Mashreq Bank personal loan interest rate calculator will help you to check your monthly EMI to repay the loan amount.

Features for the Mashreq Personal Loan


Mashreq personal loan (UAE nationals)

Mashreq personal loan (For Expatriates )

Salary Transfer



Early Settlement

Yes, 1% of the settlement amount

Yes, 1% of the settlement amount




Free Credit Card



Free Personalized Cheque Book



Free Insurance



Introductory Offers



Phone Banking



The Mashreq personal loan offers an exciting range of benefits, which make it one of the most rewarding loans in the UAE.

  • Loan Amount - The first thing applicants may notice about the Mashreq Bank personal loan is its large maximum loan amount. While the expatriates can take a maximum loan amount of AED 1 million, Emiratis can borrow up to an impressive amount of AED 3 million. 
  • No Collateral - Applicants are not required to submit any form of collateral (such as a security deposit) to apply for a Mashreq bank loan. Customers may access the large Mashreq personal loan amount in a completely unsecured manner.
  • Tenor - Interested applicants can apply for a Mashreq bank loan for any tenor between 6 months to 48 months. Furthermore, applicants who are employed at the Ministry of Defense may avail of these loans for a maximum tenor of 60 months.
  • Quick Processing - The bank promises its applicants a simple Mashreq bank loan application process and extremely quick processing of the same. In fact, Mashreq Bank personal loan is typically disbursed within 24 hours of the application’s approval.
  • Top-Up Loans - On making a certain number of loan payments, loan holders become eligible for a top-up Mashreq personal finance. Top-up loans are offered over the existing loan and for long tenors, bigger loan amounts and competitive Mashreq Bank personal loan interest rates.
  • Grace Period - Customers are given up to 3 months of grace period to pay the installment. The first installment for a loan availed from Mashreq Bank can be made at any time during these 90 days.
  • Deferments - Also, Mashreq Bank loan holders are offered a maximum of 2 loan deferment options in every calendar year. A loan deferment allows customers to postpone their Mashreq personal loan payment for the given month. Kindly note that Mashreq Bank personal loan deferments are subject to Mashreq’s approval.

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Benefits of Mashreq Personal Loan

The loan holder for AED 25,000 or more receives the following additional benefits: 

  1. Zero-balance current account
  2. Cheque book
  3. Debit card
  4. Access to online & mobile banking services
  5. Access to wide ATMs 

Mashreq Bank Personal Loan Requirements

The Mashreq Bank personal loan requirements are as follows: 

Approved Employer

Mashreq Bank personal loan applicants must be employed with any of the Mashreq Bank approved employers. Loan applicants belonging to non listed companies by Mashreq bank may be rejected or have to meet higher minimum salary requirements as per the bank’s judgment. It may also require the applicant to have at least 6 months of work experience.

Minimum Salary

The Mashreq Bank personal loan minimum salary requirement can be explained in the following way: 

  1. The Mashreq Bank personal loan minimum salary requirement for expatriates with an approved employer is AED 7,000 monthly and for expatriates with an unapproved employer, it is AED 10,000
  2. The Mashreq Bank personal loan minimum salary required for Emiratis is AED 10,000. 

Total Obligations

Mashreq mandates that the sum total of an applicant’s monthly obligations, including the personal loan installment and any other active loan installments, does not exceed more than half of the applicant’s monthly income.

In addition to the above-mentioned Mashreq Bank personal loan eligibility parameters, applicants may also be required to meet age criteria. 

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Document Requirements to Apply for Mashreq Personal Loan

  1. Personal loan application form duly filled by the This can be submitted online, along with all of the mentioned documents
  2. Emirates ID
  3. Passport
  4. UAE residence visa (for Expats only)
  5. Salary Transfer Letter (issued by the employer of the applicant)
  6. Latest 3 months bank statement
  7. The applicant’s family book (for Emiratis only) 

FAQs on Mashreq Bank Personal Loan

Q.1. Can we apply for Mashreq Bank personal loan without salary transfer?

Ans: No, applicants cannot avail of a personal loan without a salary transfer. Applicants will also be required to submit a salary transfer letter, which can be obtained from their employer.

Q.2. How can I calculate my Mashreq personal loan EMI?

Ans:  While there is no specific  Mashreq  Bank Personal Loan calculator, applicants can use any Generic online personal loan calculator to estimate their monthly obligation. Mashreq's personal loan Calculations for EMI are done based on the total approved loan amount, the tenor of the loan and the applicable Mashreq Bank personal loan interest rates.

Q.3. How does the top-up Mashreq Bank loan work?

Ans: A top-up loan is offered to existing loan holders only. It extends the total borrowed amount and tenor of the existing Mashreq loan. Top-up loans can be availed by customers that maintain on-time payments and have already paid a certain number of installments as determined by the bank.

Q.4. Can applicants with less than 6 months of work experience qualify for a Mashreq personal loan?

Ans: There are separate terms for expatriates and for newly employed applicants when it comes to availing loan from the bank. These allow applicants with less than 6 months of work experience to apply for a loan.

Q.5. What fees will I be charged in order to avail of a Mashreq personal finance?

Ans: You will have to bear processing fees and insurance fees to avail of a Mashreq personal finance. Fortunately, these are minimal charges that range between 1% and 1.5% of the total Mashreq personal loan amount.

Q.6. What is the minimum salary requirement to apply for personal finance from Mashreq Bank?

Ans: Mashreq personal loan minimum salary requirement is:

  • For Emiratis: AED 10,000
  • For Expats: AED 7,000
  • Expats with unapproved employer: AED 10,000 
Q.7. Why is Mashreq personal loan calculator important?

Ans: Mashreq Loan calculator is helpful in estimating an EMI amount to be paid against a loan. It calculates the EMI based on the information provided by the loan seeker.

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