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National Debt Scheme

National Debt Scheme introduced by Central bank of UAE in March 2019 aimed at easing the debt burden of UAE Nationals. Mashreq participates to help UAE Nationals to manage their debts settlements with convenience. We are contacting our eligible customer by phone, SMS and Email and eligible customers can also contact us.

Eligibility Criteria

  • Finance origination must be prior to May 2011
  • DSR with Mashreq should be greater than 50% for salaried customers and greater than 30% for pensioners
  • Tenure should be > 48 months and for MOD customers should be > 60 months
  • Customer’s consent to be taken for participation in the NDS
  • No additional facility to be granted to customers by any bank, financial institution or finance company during NDS servicing period
  • Profit rate reduce to 3 months EIBOR or lower

For more information, please call 04-424 4411 or email us at NLSmashreq@mashreq.com

*Terms & conditions apply