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Purchasing a house is one of the most important decisions that you will make in your life and often times it may feel a bit challenging considering the cost involved. But with the assistance of the right home loan plans, like Mashreq Mortgage Loan, the dream of owning a home can easily be turned into reality. Home Loans by Mashreq offer some amazing home loan options, in case you are thinking of buying a property in the UAE.
Mashreq has been one of the best performing and leading financial institutions in the UAE for over five decades. Over time, they have expanded their business to the Middle East and international offices in the US, Europe, Asia, and Africa. Make your dream of owning a house come true with the financial solutions offered by Mashreq home loan.
Mashreq cares for your dream of a new house and looking after it, the institution offers some wonderful loan plans not just for residents but for non-residents as well. Let’s take a look at the plans:
Mashreq home loans help you in acquiring your dream home faster and easier by providing a high loan amount ranging up to AED 10 million. Some other features include:
If you wish to invest in a property in UAE while being a non-resident or would like to own a home in the country, Mashreq Home Loans for Non-Residents can help you. The product offers:
If you are looking to expand your business, the Mashreq Bank helps you finance shops, warehouses, office space, and other buildings. The best features of this loan are:
Some of the key benefits and features of Mashreq Home Loans are-
Type of Loan |
Maximum Tenure |
Maximum Amount |
Rate Of Interest |
---|---|---|---|
Home Loan for Residents |
25 years |
AED 10,000,000 |
Varies within the range of 1.99% - 7.99% |
Homes Loans for Non-Residents |
25 years |
AED 10,000,000 |
Varies within the range of 1.99% - 7.99% |
Commercial Mortgage for UAE Residents |
15 years |
AED 10,000,000 |
Varies within the range of 1.99% - 7.99% |
Applying for home loans has become easy with quick submission of forms and shorter turn sound time of Mashreq professionals. In order to get a home loan, you need to first make a clear detailed application and also produce a few documents, so that the company can decide your eligibility for the loan and also the amount that they can loan out. The documents could include details like your employer, salary, current assets, source of income, etc.
You can apply for Mashreq Bank home loans online via Policybazaar.ae or via Mashreq Bank website. Following are the steps for both:
In order to apply for a home loan in the UAE, you must provide the following documents along with your home loan application:
Mashreq Mortgage Calculator is a free online tool that helps to get a fair idea of the equal monthly payment amount for your Mashreq home loan amount. The online tool allows you to calculate the home loan instalment with ease. Set the required home loan amount and tenure you want to take on the calculator. Your equal monthly payment amount will be displayed after that. You can also increase or decrease the variables such as the tenure and loan amount to make the instalment fit in your budget easily.
Mashreq Bank is one of the UAE’s leading financial institutions providing banking and financial solutions to over a million customers since 1967. It is also the first bank to operate in the UAE and has completed 50+ years in service. Mashreq has been a prominent leader in giving out loans at attractive interest rates, be it personal, car, or home loans. The bank offers competitive rates and attractive discounts on its services apart from providing 24-hour support. A Relationship Manager keeps in touch for constant support and help. If you are looking for quick and affordable home loans, Mashreq is the best choice to opt for.
Mashreq Home Loan Calculator or Mashreq Mortgage Calculator is an online tool that helps in calculating the equal monthly payment amount that needs to be paid at a fixed interval of time until the loan is completely paid back.
No, at Mashreq, you can avail of loans without a salary account transfer.
Yes, Mashreq has special loan plans for non-residents of the UAE and offers loan amounts as high as AED 10 million with attractive interest rates and repayment tenure of up to 15 years.
You can get in touch with Mashreq Bank by calling +971 4 4244444 (Dubai) or +971 2 6274737 (Abu Dhabi). You can also visit the website and request a call back.