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

Reducing Balance Rate

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)

Requirements:

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.

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).  

• 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.