Mashreq bank offers personal loans specially designed for UAE nationals residing in UAE. The bank offers the most convenient personal loan to meet unexpected cash emergencies. The scheme comes with high loan amounts and competitive rate of interest. The bank also offers various benefits for UAE nationals through the personal loan option.
Features and benefits of Mashreq Personal Loan for UAE Nationals
Listed below are the features and benefits Mashreq Personal Loan for UAE nationals.
- Personal loan option designed just for UAE nationals
- High loan amounts up to AED 1 million
- Loan disbursal within 24 hours
- Flexible loan repayment term up to 4 years
- Competitive rate of interest
- Simple and minimal documentation
- Hassle free application process
- Dedicated team of customer service
- Islamic finance option available
- Can be applied for online
- Offers cashback
- Offers a wide range of benefits
Eligibility criteria for Mashreq Personal Loan for UAE Nationals
Listed below is the eligibility criteria for Mashreq Bank Personal Loan for UAE nationals.
- Minimum monthly salary- AED 5000
- Minimum age- 21 years
- Should be residing in UAE
Fees and charges for Mashreq Personal Loan for UAE Nationals
Listed below are the fees and charges applicable on Mashreq Personal Loan for UAE Nationals.
- Processing fee- 1% of the loan amount
- Loan top up fee- 1% of the top up amount
- Postponement fee- AED100 per postponement
- Late payment fee- 2% of the delayed amount
How to avail Mashreq Personal Loan for UAE Nationals?
One can avail Mashreq Bank Personal loan for UAE nationals by applying for it online or offline. There are two ways in which an individual can apply for it online, one is through the bank’s official website and the other is through a third party financial website. The applicant can apply for the loan at one of the bank’s branches too.