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Mashreq Bank Home Loan for Non Residents

Minimum Salary

25,000 AED

Flat Rate

4.29 %

Reducing Rate

6.75%

Max. Term

25 Years

Salary Transfer

No

Islamic Finance

No

Description

Enjoy a wide range of Non-Resident home loan solutions and discover the best range of house finance options guided by best mortgage experts.

Major Advantage: Fixed rate options also available, Free partial settlement up to 25% 

Rate Card

Reducing Balance Rate

  Fixed Rate
For Non-Resident Clients 6.79% fixed for 3 years

 

* Kindly fill the form to know the detailed rates with quotation as per your working profile. 

Features

Interest Rates & Charges:

Reducing Rate (as advertised): 6.75%

Flat Rate: 4.29% p.a.

Pre-Approval Fees: 1,050

Processing Fees: 1% of finance amount + Vat

Early Settlement Fees: 1% of outstanding amount (max cap AED 10,000)

Partial Settlement Fees: No penatly up to 25% of outstanding amount (once a year)

 

Requirements:

Minimum Average Balance Requirement: AED 25,000 balance in Personal account

Minimum Down payment Required: 50%

 

Key Details:

Maximum Finance Amount: AED 10,000,000          

Islamic Finance: Yes, available

Maximum Term: 25 Years

Finance available for: Ready properties in Dubai, Abu Dhabi

 

Insurance (Compulsory):

Life Insurance: 0.165% p.a.

Property Insurance: 0.06% p.a.

Documents Required

Common Documents:

  • Valid Passport, Resident Visa and National ID Copy.
  • Property Documents (If Property is Finalized or Equity Release).
  • Relevant property documents.

 

Salaried Client Documents:

  • Latest 3 Months Personal Bank Statement.
  • Income Source Proof.

 

Self-Employed Client Documents:

  • Valid Trade Company license.
  • Latest 3 Months Personal Bank Statement. 
Additional Info
  • All info mentioned can change at any point of time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.
  • Reducing rate is converted into flat rate as per 25 years calculation.
  • Terms and conditions apply.
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About Mashreq Bank

Mashreq Bank is one of the UAE's oldest and most innovative financial institutions, with over 50 years of operation. As a digital pioneer in the region, Mashreq combines traditional banking strength with cutting-edge digital solutions through platforms like NeoBiz for businesses and Neo for personal banking.

Why Choose Mashreq?

 

Mashreq offers the perfect balance of digital convenience and established banking credibility. You get 100% online banking capabilities while having access to physical branches, a full range of financial products, and the security of banking with a UAE institution with decades of experience.

Key Features

 

  • Digital-first banking with branch access when needed

  • Comprehensive business banking ecosystem

  • Advanced online and mobile banking platforms

  • Strong international banking capabilities

  • Regulated by the Central Bank of the UAE


Digital Innovation Leader

Mashreq has consistently led digital banking innovation in the UAE, being the first to launch many digital services. Their NeoBiz platform represents their commitment to providing businesses with modern, efficient banking tools while maintaining the reliability of traditional banking infrastructure.

Customer Support & Availability

 

Mashreq offers multiple support channels including 24/7 digital banking, branch banking Sunday to Thursday (8 AM to 3 PM), and phone support. NeoBiz customers receive dedicated relationship management for business queries.

Security & Regulation

 

As one of the UAE's largest and longest-established banks, Mashreq operates under strict Central Bank supervision. The bank employs multi-layered security protocols, advanced fraud detection systems, and is known for its robust financial stability and compliance standards.