Personal Finance for Expatriates

Realise your dreams

Finance 20X your salary

Instant Approval

In principle

Up to 90 days

Payment holiday

Free Credit Card

& unbeatable benefits

Designed with Expats' needs in mind

Mashreq Al Islami Personal Finance for Expatriates meets the financing requirements of salaried expatriates employed in the UAE. We aspire to provide your Personal Finance within 24 hours.

What is Murabaha?

It is a sales contract of a tangible asset for a profit mark-up over and above the cost of the asset and an agreed mode of payment. In Murabaha the seller must reveal the cost to the buyer. The Bank buys an item and sells it to the customer on a deferred basis. The price includes a profit margin agreed by both parties.
Guaranteed Joining Bonus
With our Happiness Account, enjoy joining bonus of up to AED 2,000 when you transfer your salary. Terms and Conditions apply.
High Finance Amount
Finance amounts are as high as 20 salary multiples to a limit of AED 1 million.
Flexible Tenure
Tenure up to 48 months (60 mths. for Ministry of Defence employees).
Fast Approvals
Our fast processing means that approval can take as little as 24 hours.


Minimum monthly salary
AED 5,000 (approved companies) & AED 10,000 (unapproved companies).
Company Approval Status
Not mandatory to be employed by an approved company for eligibility.
Employment Term
Minimum 6 months length of service or 'Confirmed' with the current employer
Other requirements
Debt to Income Ratio should not exceed 50% of the monthly salary.
Finance Calculator

Feel free to play around with the calculator

Finance amount


AED 1,000

AED 5,000,000

Profit rate


2.99 %

36 %

Pay back over how many months?


3 months

300 months

For better decisioning you can also compare various finance

Finance Comparison Calculator

Monthly Installment


Terms & condition will apply. Actual installments may differ.

You will need

Valid Passport with residence visa page & Original Valid Emirates ID
Latest 3 months Bank Statements with salary credits
Employer salary transfer letter as per Mashreq format OR Salary Cert. for Govt./ Semi Govt. employees

Are you ready to apply?

Still got questions?

You can use proceeds of a Mashreq Al Islami Personal Finance for all your planned and unexpected needs: For example: 1. Consolidate debts, such as combining multiple credit cards or other debts into one finance 2. Plan a vacation with family / friends 3. Renovate your home 4. Plan that grand wedding 5. Fund self / child’s education needs 6. Attend to medical needs 7. Invest in lucrative opportunities 8. Interim Needs 9. Property purchase in your Home Country / Overseas* * As per the UAE Central Bank Guidelines, if a customer is taking out a home loan in the UAE, for a UAE property, the customer cannot avail a Personal Loan to fund the down payment of the property purchase.
1. Zero balance current account for personal finance greater than or equal to AED 25,000 along with a Cheque Book facility and a Debit card 2. Access to a wide ATM and Branch network 3. Access to award winning Online and Mobile Banking services 4. Bundled Propositions and Special Campaigns 5. Instalment Deferment Option
Yes, you need to transfer your salary to Mashreq.
1. Min salary of AED 5,000 for Approved Companies and AED 10,000 for Unapproved Companies. 2. Employer need not to be part of the approved list of companies with Mashreq 3. The finance instalment along with the overall regular monthly instalments should not exceed 50% of the monthly salary Terms and condition apply
If your length of service with your current employer is less than 6 months or you have recently moved to the UAE, we have a separate program for customers who are New to UAE or New to Employer.
Mashreq offers Personal finance of up to 20 salary multiples & max up to AED 1 million for expatriates.
The upfront costs related to a Personal Finance are Processing fees, Trade Fee and Insurance fee.
The minimum tenure for a Personal Finance is 6 months and the maximum tenure is 48 months. For employees of the Ministry of Defence the maximum tenure is up to 60 months.
Our profit rates are competitive and are charged on a reducing balance. To know more about this, please get in touch with our bank representative.
The proceeds of the Mashreq Al Islami Personal Finance for Expatriates will be credited to your Mashreq bank account. In certain buy-out or debt consolidation cases, as per your instructions, the payment will be made to another bank / financial institution.

Simply download the Mashreq Mobile App to apply

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