As a valued Mashreq Al Islami customer with a good payment history, you can use our additional finance facility.
It is a type of finance that extends your lending limit on an existing finance.
Many of our customers get an additional finance facility to cover upcoming financial needs. Sometimes, these needs are spontaneous and unexpected - therefore the easiest way to pay for them is to get an additional finance facility from Mashreq Al Islami.
Like with any product we offer, the amount is based on what you can realistically afford to repay - so the size of your additional finance is always sensible.
The insurance feature of Takaful Credit Shield, (“Product”) is being provided by Islamic Arab Insurance Company (“Salama”) pursuant to terms and conditions of the Takaful Policy (“Takaful Policy”) found on this page. It must be noted that the Takaful policy relating to this Product may be amended by Salama from time to time. The customer understands and acknowledges that any amendment or modification to the Takaful Policy will be updated on this page without further notice to the customer. The customer hereby confirms that it shall be its duty to be informed of the contents of the Takaful Policy (including any amendments thereof) at all times by visiting this page.
For all intents and purposes, nothing contained on this page or Mashreqbank’s website and/or the Takaful Policy shall be deemed to create an agency, joint venture, amalgamation, partnership between Mashreqbank psc and Salama. Salama shall be solely responsible for any and all claims by the customer under the Takaful Policy and payout of any claims to the customer shall at all times be subject to the terms of the Takaful Policy provided by Salama, over which Mashreq exercise no control whatsoever
*Terms and conditions apply.