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Mashreq Bank Home Loan for Residents

Mashreq Bank Home Loan for Residents
Minimum Salary

15,000 AED

Flat Rate

3.36 %

Reducing Rate


Max. Term

25 Years

Salary Transfer


Islamic Finance



Enjoy a wide range of 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%

Points to Consider: You need to transfer your salary to get better rate options

Rate Card

Reducing Balance Rate

Customer Type Fixed Rate


(Preferential Pricing*)

5.49% fixed for 3 years
Salaried 5.75% fixed for 3 years
Self Employed 6.25% fixed for 3 years


For Preferential Pricing* : Salary >= AED 25k per month 

Please complete the form for more detailed pricing


Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 5.49% fixed for 3 years

Flat Rate: 3.36% p.a.

Pre-Approval Fees: Nil

Processing Fees: 0% of finance amount (Nil for Buyout Cases/ 1% for low doc case and equity release)

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

Partial Settlement Fees: Up to 25% of outstanding amount (once a year)



Minimum Salary Requirement: AED 15,000

Minimum Length of Service Required: 6 Months

Salary Transfer: Not Compulsory

Minimum Down payment:

  • For first property (If property price < AED 5M): 20% for UAE national, 20% for Expats
  • For first property (If property price > AED 5M): 30% for UAE national, 35% for Expats
  • For second property: 35% for UAE national, 40% for Expats
  • For under construction property: 50%


*Fee Financing Available


Key Details:

Maximum Finance Amount: AED 18,000,000        

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 Emirates ID Copy. 
  • Proof of All Personal Ongoing Finance.
  • Rental Income Document (If any).                      
  • Property Documents (If Property is Finalized or Equity Release).
  • Liability Letter (In case of Buyout Finance only).
  • Relevant property documents


Salaried Client Documents:

  • Latest Salary Certificate addressed to Mashreq Bank.
  • Latest 6 Months Personal Bank Statement.
  • Six months Pay slips if there is variance in Salary.
  • Salary Transfer Letter (required after pre-approval).


Self-Employed Client Documents:

  • Valid Trade Company license.
  • MOA (Memorandum of Association) including all amendments.
  • Latest 6 Months Personal Bank Statement.
  • Latest 6 Months Company Bank Statement.
  • Audit Financials of last 2 years.
  • Offer Letter Copies of All Company Ongoing Finance (For Self Employed).  
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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Mashreq Bank

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