Bank Loan
Basically, it is a financial transaction between two parties: the bank and you – the borrower. Once you request an amount of money from us, the funds will be exchanged physically or electronically upon our mutual agreement with defined terms and conditions. You will then have to pay back the loan in monthly instalments according to the schedule defined at the moment of your application. For the benefit of borrowing money at your leisure. The borrower chooses the amount of interest, however, at the time of deciding how long to repay the debt for. Mashreq interest rates are extremely competitive, though and our aim is on helping our customers to borrow wisely.
The type of loan you apply for will depend on your intended purpose for the money. For example, you would apply for a 24-hour personal loan if you needed to borrow money fast because of an unforeseen car repair. But if you’re looking for the security of ongoing financial support – perhaps for a business venture – then a conventional solution with a comfortable repayment period would suit better. We offer a wide range of loan types for you. To make things simple, we’ve consolidated these into three main categories:
Personal Loans in UAE: Whether you’re an Emirati or expat living in UAE, you can get a personal bank loan from Mashreq Bank. We tailor our loan products to cater for the needs of each individual customer and their specific financial profile. Car Loans in UAE: Whether you’re looking to get out on the road or upgrade, your car loan can go up to AED 500,000 with us. Looking to get a new or pre-owned car is not a problem too, as we understand there are many complex reasons behind needing a car loan.- 1. Click on the loan type which appeals to you (personal, car or home)
- 2. Read the details on the specific product page
- 3. Click ‘Apply Now’ in the top-right of the specific product page
- 4. Fill out the quick application form online and click ‘Submit’