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If you find yourself in a difficult financial situation and are trying to manage multiple payments with higher profit rates to various creditors, Mashreq Al Islami could help you consolidate your debts. By combining all your debts into one personal finance, you can save on profit payments and benefit from having just one regular payment to manage.

A Mashreq Al Islami Debt Consolidation Finance comes with an array of features and benefits: • Lower monthly payments • Increased disposable income • Reduced profit payments over lifecycle • Higher finance amount of up to AED 1 Million • Deferred payment period of up to 90 days You can use the extra cash in hand for all your planned and unexpected needs. For example: • Enjoy a vacation with family / friends • Give a new look to your home • Host your dream wedding • Pay for your or your child’s education • Clear your emergency medical bills • Invest in lucrative opportunities • Interim needs • Property purchase in your Home Country / Overseas* *As per the UAE Central Bank Guidelines, if a customer takes home finance in the UAE, for a UAE property, the customer cannot use a personal finance to fund the down payment of the property purchase.

Yes, to avail a Mashreq Al Islami Debt Consolidation Finance, you need to transfer your salary to Mashreq Al Islami.

• Minimum salary of AED 5,000 for approved companies and AED 10,000 for unapproved companies. • Finance instalment along with overall regular monthly instalments should not exceed 50% of your monthly salary. Terms and conditions apply

If your length of service with your current employer is less than 6 months or you have recently moved to the UAE, you can get it under ‘New to UAE’ or ‘New to Employer’.

The upfront costs associated with the debt consolidation finance are processing fees and Takaful (insurance) fee as per schedule of charges

Our profit rates are competitive, 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 profit rate.

With a Mashreq Al Islami Debt Consolidation finacne, you can enjoy following additional benefits: • You will get a zero-balance current account for personal finances greater than or equal to AED 25,000 along with debit card and cheque book facility • You will have access to a wide ATM and Branch network • You will have access to award winning Online and Mobile Banking services • You can avail installment deferment option

The 1st due date of EMI payment is linked to your salary credit date and should be within 90 days of the finance disbursal date.