Mashreq Bank Personal Loans for Expatriates
Salary Transfer Loan
CAMEL VIEW
- Access to Credit Card & Revolving Overdraft.
- Top-up facility is available too.
- Minimum monthly salary must be AED5,000.
- Loan installment should not exceed 50% of the customers monthly salary.
FEATURES
Interest/Profit Rate
5.99 % p.a.
Maximum Loan Amount
AED 1,000,000
Maximum Loan Tenure
48 Months
Minimum Monthly Income/Salary
AED 5,000
Profession
Salaried
Salary Transfer Mandatory
Yes
FEES & CHARGES
Late Payment Fees
AED 50
Early Repayment Fee
1 % of Loan Outstanding
Rescheduling Fee
AED 250
Life Insurance Fee
1.25 % of Loan Outstanding
Installment Deferment Fee
AED 100
Loan Cancellation Fee
AED 100
Liability/No Liability Charges
AED 100
Processing Fee
AED 500
ADDITIONAL INFORMATION
You can also avail the Personal Loan Remit Offer - Transfer your Personal Loan funds to your home country or any international destination and get your Processing & Insurance Fees waived.
Minimum loan amount is AED 15,000 & it can go up to AED 1,000,000.
1% Processing fee will apply on normal loans.
Late payment fee is 2% of delayed amount (maximum AED 200).
