Earn AED 5000 cashback with your digital home finance

UAE Residents and non-resident expatriates

For salaried customers: Minimum: 21 years / Maximum: 65 years on maturity of finance For self-employed customers: Minimum: 21years/ Maximum: 70 years on maturity of finance

You can finance up to a maximum of AED 10 million for up to a maximum of 25 years. For commercial properties, financing is available for up to 15 years.

Your application will be evaluated on the following criteria: 1. Your income stream 2. Your employment history and stability 3. Your ability to handle current obligations as well as new ones 4. The value of the property being purchased or refinanced 5. Your assets to assess your ability to meet your down payment.  Terms & Conditions apply

Refinance allows you to liquidate the cash value of property, available to all residents

Yes, at Mashreq we deal with two types of transactions Full Payment: Where the first purchaser has made 100% payments to the developer and is selling the property to you. Here the payments would be made to the first purchaser. Part Payment: Where the first purchaser has only paid the down payment and the balance is yet to be made to the developer. Here, the down payment would need to be paid by you to the seller and the balance be made to the developer

Yes, both Life Takaful and Property Takaful are mandatory before disbursing the facility amount. It is mandatory that both the Takaful should be availed from Sukoon Takaful PJSC. Life Takaful: Life Takaful is mandatory from Sukoon Takaful PJSC. Property Takaful: The Property Takaful contribution is calculated on the cost of the property and is available only through Sukoon Takaful PJSC. The amount of the Takaful contribution will be debited from your account prior to the final disbursal and each year thereafter.

For salaried employees:  Application form Passport copy with valid visa Salary Certificate addressed to Mashreq Al Islami Last six months original bank statements Liability letter from the bank addressed to Mashreq Al Islami Photocopy of Purchase Contract Photocopy of Down Payment receipts For self-employed Individuals:  Application form Passport copy with valid visa Last six months bank statements personal and company Liability letter from the bank addressed to Mashreq Al Islami Memorandum and articles of association Audited financial statements of last 2 years Board resolution copy Trade license copy Copy of Chamber of Commerce Registration Business profile on company letterhead Photocopy of Purchase Contract Photocopy of Down Payments

Yes, all co-owners of the property have to be co-borrowers.