Mashreq introduces hassle free Personal Loan

Mashreq, the leading financial institution in UAE, today announced the launch of their new Non Salary Transfer Personal Loan (NSTL), giving customers the opportunity to borrow up to AED 150,000 either as conventional or Sharia’h Compliant lending without necessarily having to shift their salary to Mashreq. At the same time customers also get additional benefits such as earning Salaam reward points - UAE’s Best Loyalty Program.

The newly launched financial solution is designed to appeal to a wide cross section of customers facilitating convenience without the hassle of having to transfer their salary to get a Personal Loan.. Customers can conveniently service their installments using UAE Direct Debit System without the need to provide post dated cheques as per past practice.

Commenting on the launch of the NSTL Personal Loan, Tooran Asif, Head of Personal Banking, Mashreq said: “Mashreq is well known for its convenient financial solutions based on customer centric approach towards retail banking. The launch of this financial solution shows Mashreq is reaching out to customers who may not have previously been able to conveniently get a loan. Customers will also be able to enjoy all the various features and benefits that come with a relationship with Mashreq.”

For further information on Non Salary Transfer Loan, including customer categories that can avail of this product and documentation requirements, visit www.mashreq.com/nstl or visit the nearest Mashreq branch.