Debt Consolidation for Emiratis

Manage your debts conveniently

With lower monthly payments

emirati laptop card

Up to AED 5M finance

At competitive rates

Up to 120 days

Payment holiday

Up to 300 months

Payment tenure

The easy way to manage your debt

Are you trying to manage multiple payments with high rates? Mashreq Al Islami can help you with debt consolidation so that you have less payments to manage with lower profit.

Discover the easy way to free yourself from debt

With Mashreq Al Islami Debt Consolidation for Emiratis, you can enjoy lower payments and free yourself from long-term debt in a way that's easy and convenient.
pcikup dropoff airport
Guaranteed Joining Bonus
Discover our Happiness Account which offers a guaranteed joining bonus and a host of other benefits. Terms & Conditions apply.
happiness account
Flexible Tenure
Up to 300 months for long-term finance and 48 month for debt consolidation.
Competitive Profit Rates
Lower than your profit rate with current bank for long tenor buyouts and competitive rate for debt consolidation
Online Access
Access to Online and Mobile Banking anytime, anywhere.


Minimum monthly income
AED 10,000
Company approval status
Employer must be a part of the approved list of companies with Mashreq.
Salary transfer
It is mandatory to transfer your salary in order to qualify.
Other requirements
Debt to Income Ratio should not exceed 50% of the monthly salary. Long-term loan origination should be prior to May 2011.

You will need

A copy of valid Passport & original Emirates ID
Salary Transfer Letter from employer (Mashreq format) or Salary Certificate for Government / Semi-Government companies
Last 3 months' bank statement with salary credits / UAEFTS consent for bank statement.

Apply today and free yourself from debt

Still got questions?

To buyout liabilities from other banks and to consolidate non long term liabilities into one short term finance to reduce payments.
In the case of a standalone 48 months debt consolidation finance yes. However, in the case of long term loan/finance buyout and a 48 month debt consolidation along with long term loan/finance buyout, no additional funds can be given to the customer.
Yes, to obtain debt consolidation finance, you need to transfer your salary to Mashreq Al Islami.
No, you don't need to keep any assets as a security against your finance.
1. Minimum monthly salary of AED 10,000 2. Salary needs to be transferred to Mashreq 3. Employer needs to be part of the approved list of companies with Mashreq 4. The finance installment along with the overall regular monthly installments should not exceed 50% of the monthly salary Terms & Conditions apply.
As per Central Bank guidelines the long-term finance tenor will be “Lower than active remaining tenor” and Debt Consolidation tenor will be up to 48 months (for Armed Forces employees up to 60 months).
Our profit rates are competitive. For Islamic personal finance, a flat rate and an equivalent reducing rate is shared before you apply. The finance is always set up on a reducing rate. To find out more about this, please get in touch with our bank representative.
EMI (Equated Monthly Installment) is calculated based on the total amount of your finance, the finance tenure, 1st due date and the annual reducing profit rate.
The 1st due date of EMI payment is linked to your salary credit date & should be within 120 days of the finance disbursal date.

Download Mashreq Mobile App

Did you find the information you were looking for on this page?