Mashreq Debt Consolidation Loans | MoneyCamel

Mashreq Debt Consolidation Loans

Mashreq Bank

Mashreq Debt Consolidation Loans

Salary Transfer Loan
CAMEL VIEW
  • Allows individuals to consolidate debt and lower interest payments
  • Minimum salary eligibility is AED 5,000
  • Only available for individuals whose Employers are listed in Mashreq's approved List
  • Max DBR of 50% os permissible
FEATURES
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
Minimum Tenure in Employment 
6 months Months
FEES & CHARGES
Late Payment Fees 
AED 200
Early Repayment Fee 
1 % of Loan Outstanding
Rescheduling Fee 
AED 250
Loan Cancellation Fee 
AED 100
Liability/No Liability Charges 
AED 100
Processing Fee 
AED 500
ADDITIONAL INFORMATION

Employer needs to be part of the approved list of companies with Mashreq.
Salary needs to be transferred to Mashreq

The loan installment along with the overall regular monthly installments should not exceed 50% of the monthly salary

Maximum processing fee is AED 2,500

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