Mashreq Bank Personal Loan for Emiratis

Personal Loan in UAE

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  • Hassle-free documentation
  • EMI Tenure up to 48 Months
  • Lowest Interest Rates

Get personal loan at Lowest Interest Rate

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Mashreq Bank Personal Loan for Emiratis Summary

Minimum Salary Required

AED 10,000

Maximum Loan Amount

AED 3,000,000

Maximum Repayment Tenure 

4 years

Islamic Loan Available 

Yes

Flat Rates

5.99% to 12.99%

Apply for Mashreq Bank Personal Loan for Emiratis

There are several reasons why an individual may require a personal loan. The most common reasons for which personal loans are taken in the country are children’s education and weddings, vacations, business purposes, and more. However, when you have access to the Mashreq Bank personal loan for Emiratis, you can easily get the required funds without any worry. 

Mashreq Bank, providing services in the Middle East, Asia, Europe, the USA, and more, is known for offering a wide range of affordable loans to its customers. Notably, the bank also provides personal loans in UAE specifically to the Emiratis with special features and benefits. With the quick approval process of this bank, you can use this personal loan in UAE for both emergency and non-emergency purposes.

Let’s have a look at all the major features and terms and conditions of Mashreq Bank personal loan for Emiratis. 

Mashreq Bank personal loan for Emiratis

  • Minimum Salary AED 10,000
  • Monthly Payment AED 2197
  • Flat Rate 2.63%
  • Reducing Rate 6.25%
  • No Salary Transfer
  • Islamic Finance

Features and Benefits of Mashreq Bank Personal Loan for Emiratis

Several striking features can catch your attention when it comes to this Mashreq Bank personal loan. Let's have a quick insight into the features and the various benefits of this personal loan in UAE by Mashreq Bank

  1. Attractive Interest Rates - The interest rate offered by Mashreq Bank are low and are designed in a way to ensure that the customers are not burdened with the interest amount in the repayment tenure. At rates starting from just 5.99%, one can access all the benefits associated with Mashreq Bank personal loans
  2. One of the Highest Loan Amount Limits - Generally, the loan amount limit for a personal loan in UAE is lower than other types of secured loans. However, with Mashreq Bank, you can get up to AED 3,000,000, among the highest personal loan amounts in the country. Moreover, when you get such a high loan amount at an affordable interest rate, it can indeed be a win-win situation for you. 
  3. Bundle of Offers - Mashreq Bank personal loans give you access to various offers brought by the bank. Thus, you can expect much more from your loan plan in the form of benefits and offers besides the loan amount.  
  4. Quick Processing for Quick Use - In order to let you fulfil your sudden loan requirement, the bank makes sure you get the loan quickly. With proper documentation and verification, the loan can be approved within 24 hours. 
  5. Islamic Finance Available - People who are looking for Islamic personal loans can also opt for Mashreq Bank as a provider, as the bank provides various loans and financial services that follow the Shariah finance laws. 

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Eligibility Criteria for Mashreq Bank Personal Loan for Emiratis

Given below are the eligibility criteria that you must fulfil first before you apply for this Mashreq Bank personal loan

Minimum Salary  AED 10,000

Nationality

The person should be an Emirati with a proper Emirates ID

Age

21 years or above

Documents Required for Mashreq Bank Personal Loan for Emiratis

Certain documents will be demanded by the bank during the application process for the Mashreq Bank personal loan. While the bank can ask for any additional documents at its discretion, the following is the general list of the required documents for this personal loan in UAE:

  • Original Emirates ID with a copy of a valid Passport
  • Salary certificate for the Government/ Semi-Government companies
  • Bank statements with salary credits for the last 3 months

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How to Apply for Mashreq Bank Personal Loan for Emiratis?

If you have been searching for answers to these questions, read the details below to find all the information related to the application methods. 

Apply Online

Method 1 -

One can visit the official website of Mashreq Bank and search for personal loans under the ‘Loans’ category. You will find several plans for a personal loan in UAE there. Select the ‘Apply Now’ option and provide all the details regarding the plan as well as your income, nationality, and so forth. 

Once you complete the form and submit it for processing, you will be soon connected with a bank executive for further procedure.

Method 2 - 

Apart from the official website/branches, you can also apply for a personal loan in UAE at policybazaar.ae in the following way:

  • Step 1 - Visit the ‘Personal Loans in UAE’ section on our website. 
  • Step 2 - Fill out a short form that will ask about your income, nationality, and other relevant details. 
  • Step 3 - A list of various personal loans will appear for your consideration. You can thoroughly compare the plans and choose one of them (the Mashreq Bank personal loan, in this case). 
  • Step 4 - Click on ‘Apply Now’ for the plan of your choice and provide the required details for the same. 

You can then wait for a Policybazaar UAE executive to connect with you and guide you for further application processes.

Apply Offline

You can also visit the nearest branch of Mashreq Bank and apply for a personal loan there. Contact a bank executive at the branch and get the relevant form for your chosen plan. Submit the form after filling it out and attaching the required documents (if any). 

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