Mashreq New to UAE or Employer Loan | MoneyCamel

Mashreq New to UAE or Employer Loan

Mashreq Bank

Mashreq New to UAE or Employer Loan

Salary Transfer Loan
CAMEL VIEW
  • Loan amount can go up to 5 salary multiples.
  • Maximum loan amount is AED 150,000.
FEATURES
Interest/Profit Rate 
8.19 % p.a.
Maximum Loan Amount 
AED 150,000
Maximum Loan Tenure 
48 Months
Minimum Monthly Income/Salary 
AED 7,000
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

No collateral or guarantors required for application.

Salary needs to be transferred to Mashreq.

Maximum Loan Amount is up to 5 times monthly salary.

Loan amounts to suit your settlement requirement.

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