Schedule of Charges

Schedule of Charges

Personal FinanceHome Finance
Profit RateProfit Rates linked to Mashreq Prime Rate (MPR) please visit www.mashreqbank.com for current MPR
Processing Fee1% of the finance amountUp to 1% of the finance amount
MinimumAED 500
MaximumAED 2500
Life Insurance Charges1.25% p.a. of the finance amountSubject to market condition
Additional Finance fee1% of the additional amountN/A
MinimumAED 500
MaximumAED 2500
Postponement FeeNot Allowed
Late payment fee2% of the delayed amountSubject to offer
MinimumAED 50
MaximumAED 200
Pre Termination Compensation

- Through Other Banks



N/A


Subject to the Offer with a max of 3% of the Outstanding Amount
- For repeat financeN/AN/A
- Through own sourcesN/ASubject to the Offer with a max of 2% of the Outstanding Amount
Re-validation FeeN/AAED 500
Property Evaluation FeeN/AAED 2,500
Pre-approval ChargesN/AAED 1,000
Temporary Release/Permanent Release/Clearance LetterNilNil
Liability Letter Addressed to Other BankAED 100AED 500
Finance rescheduling feeAED 250N/A
Finance cancelation feeAED 100N/A
Agency feeAED 2500N/A
Change of PDC/Recovery AccountNilN/A
Other CertificatesNilNil
Change of due date on standing instructionNilNil