Mashreq Bank Home Loan for Residents

  • Minimum Salary AED 15,000
  • Flat Rate
  • Reducing Rate 2.21%
  • Max. Term 25 Years
  • Salary Transfer Yes
  • Islamic Finance Yes


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

  Two year fixed rate Three year fixed rate Five year fixed rate Rate after fixed period
For Salary Transfer Clients 2.21% 2.49% 2.75% 1.75% + Eibor (Min. 3.49%)
For Non-Salary Transfer Clients 2.49% 2.75% 2.99% 2% + Eibor (Min. 3.75%)
For Self Employed N.A. 3.25% 3.49% 2.25% + Eibor (Min. 3.99%)


* Kindly call or fill form to know the rates further.


Interest Rates & Charges:

Reducing Rate (as advertised): Starting from 2.21% p.a.

Flat Rate: 1.21% p.a.

Pre-Approval Fees: 1,050

Processing Fees: 0.5% of finance amount (Nil for Buyout Cases & for Salary transfer clients)

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%


*10% extra finance available in the form of personal finance


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: 0.348% p.a. (Lower Rates also possible)

Property Insurance: 0.06% p.a. (Free for first year) 

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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Jessica Anderson, Finance Specialist is ready to help you!