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New to UAE / New to Employer

If you have recently moved to the UAE or you have just changed your employer; Mashreq Al Islami helps you to settle and meet your immediate personal finance needs with a Personal Finance within 24 hours at competitive rates and with a flexible repayment period.

You can use the funds to pay your annual rent, furnish your home, pay for children’s education or plan to cover upcoming living expenses.



Features & Benefits:

  • Finance amounts of up to AED 150,000
  • Competitive Profit rate
  • Comfortable repayment tenure of up to 48 months
  • Exciting bundled offers available with extra benefits
  • Simple documentation and quick processing


Eligibility

  • Minimum monthly salary of AED 7,000
  • Salary needs to be transferred to Mashreq Al Islami / Mashreq
  • Employer needs to be part of the approved list of companies with Mashreq
  • The finance installment along with the overall regular monthly installments should not exceed 50% of the monthly salary


Documentation

  • Copy of Passport and Valid Residence Visa
  • Copy of valid Emirates ID
  • Salary Transfer Letter from employer as per Mashreq format
  • Available Bank Statement
  • Security Cheque for the requested finance amount
  • Personal Finance Application Form – “will be provided by Mashreq Al Islami”
Terms & conditions apply