Key facts (summary)
- Loan amounts: AED 10,000 – AED 2,000,000
- Loan terms: 3 – 60 months
- Profit rate: Starting from 2.99% per year on a reducing balance basis, representing the annual total cost of credit.
- Minimum income: AED 5,000 (approved companies) or AED 10,000 (unapproved companies).
- Fees note: Additional costs may apply, such as processing fees, early settlement charges, or insurance. Please check the bank’s official fee schedule.
معلومات أساسية (ملخص)
مبلغ القرض: 10,000 – 2,000,000 درهم إماراتي
مدة القرض: 3 – 60 شهراً
معدل الربح: يبدأ من 2.99% سنوياً (رصيد متناقص)، ويمثل التكلفة السنوية الإجمالية للقرض.
الحد الأدنى للدخل: 5,000 درهم إماراتي للشركات المعتمدة أو 10,000 درهم إماراتي للشركات غير المعتمدة.
ملاحظة بشأن الرسوم: قد تنطبق رسوم إضافية، مثل رسوم المعالجة أو السداد المبكر أو التأمين. يرجى مراجعة جدول الرسوم الرسمي للبنك.
Pros
- Rapid approval: Complete your application online and receive approval within five minutes.
- Generous loan range: Borrow up to 20 times your monthly salary, with a maximum of AED 2 million.
- First EMI flexibility: Defer your first installment for up to 90 days.
- Streamlined process: Simple online application with minimal paperwork.
- Inclusive eligibility: Accessible to employees from both approved and unapproved companies.
Cons
- Processing fee: An upfront charge may be applied depending on the loan amount.
- Salary transfer requirement: Must transfer salary to Mashreq for loan disbursement.
Why choose the Mashreq Personal Loan for Existing Customers?
- Emirates NBD: Interest rates from 4.99%, terms from 12–60 months, max AED 1M. Mashreq offers lower starting rates and higher ceilings.
- FAB: Starts from 5.99%, up to AED 1.5M for 48 months. Mashreq provides longer terms and lower entry rates.
- RAKBANK: Rates from 5.25%, terms 12–60 months, up to AED 1M. Mashreq’s larger loan cap is more attractive.
- HSBC: Begins at 6.5% with terms 6–48 months. Mashreq offers better rates and longer repayment.
- Mashreq Al Islami: Sharia-compliant with 3.5% starting rate, but Mashreq’s conventional loan offers broader eligibility.
Sources: Official bank websites; verified on 8 August 2025.
How to apply for your Personal Loan for Existing Customers
You can submit your application through Mashreq’s website, mobile app, or at a branch. Keep your Emirates ID and required documents ready for a smooth process.
Disclaimer
This material is for informational purposes only and is not issued or endorsed by Mashreq. Terms, fees, and rates are subject to change and regulatory approval. Always confirm details on the bank’s official website and Key Facts Statement.
إخلاء مسؤولية
هذا المحتوى لأغراض إعلامية فقط وليس صادراً أو معتمداً من Mashreq. جميع الشروط والأسعار والرسوم قابلة للتغيير والموافقة التنظيمية. يُرجى الرجوع إلى الموقع الرسمي للبنك وبيان الحقائق الأساسية للمعلومات الدقيقة والمحدثة.