Needs can change after you take out a loan. The Mashreq Top-up Loan for Existing Customers allows current borrowers to add funds to an existing loan instead of looking to find a personal loan elsewhere.
Both the original balance and the top-up amount move to one maturity date. The final amount, rate and installment depend on the bank’s assessment when you get a personal loan top-up.
Is the Mashreq Top-up Loan for Existing Customers reliable?
The product is offered by Mashreq, a UAE bank founded in 1967 and one of the oldest privately owned banks in the country. Checking the lender’s track record is a sensible step before you get a personal loan.
Mashreq publishes a Key Facts Statement, Terms and Conditions and a Schedule of Charges for its personal loans. For customers who prefer Shariah compliant options, Mashreq Al Islami offers additional finance for existing customers, which is worth comparing when you find a personal loan.
Main characteristics of Mashreq Top-up Loan for Existing Customers
- Available to existing Mashreq customers with a current loan
- Amount of up to 20 times the monthly salary, with a maximum of AED 2,000,000 for expatriates
- Repayment terms of up to 48 months, with the original loan and top-up combined into one maturity date
- Rates shown in the official calculator range from 2.99% to 36%
- First installment deferral of up to 90 days
Disadvantages
- Available only to existing Mashreq customers who transfer their salary to Mashreq
- Extending the original loan to a new maturity date may increase the total interest paid
First installment deferral of up to 90 days
One feature of this top-up is the option to defer your first installment for up to 90 days. This gives you time to organize your budget after you get a personal loan increase.
Check the Key Facts Statement to see how the deferral affects your total cost. Understanding this detail helps you plan every step of your personal loan online apply request.
Requirements to apply for this loan
- Be an existing Mashreq customer with a current loan
- Hold a valid Emirates ID
- Transfer your salary to Mashreq
- Earn a minimum monthly salary of AED 5,000 (approved companies) or AED 8,000 (unapproved companies)
- Be a confirmed employee or have at least 6 months of service with your current employer
- Keep the loan installment plus all monthly installments within 50% of your salary
متطلبات التقديم على هذا القرض
أن تكون عميلًا حاليًا لدى بنك المشرق ولديك قرض قائم
أن تمتلك بطاقة هوية إماراتية سارية
تحويل راتبك إلى بنك المشرق
ألا يقل راتبك الشهري عن 5,000 درهم (للشركات المعتمدة) أو 8,000 درهم (للشركات غير المعتمدة)
أن تكون موظفًا مثبتًا أو أن تكون قد أمضيت 6 أشهر على الأقل لدى جهة عملك الحالية
ألا يتجاوز قسط القرض مع إجمالي الأقساط الشهرية 50% من راتبك
How to apply for the loan
- Visit the official Mashreq website and open the Top-up Loan for Existing Customers page
- Click Apply Now and enter your basic details
- View the loan offer and accept it if the terms suit you
- Submit the required documents through your Mashreq salary account
- Alternatively, call Mashreq on +971 4 4244444
Apply for your Mashreq Top-up Loan for Existing Customers
If the conditions match your plans, you can start your personal loan online apply request on the bank’s official website. The final terms depend on your profile and on the bank’s assessment.
Missed payments can affect your credit record and future access to financing. Plan your budget carefully before you get a personal loan top-up.
This content is for informational purposes only and is not issued or endorsed by Mashreq. All terms and rates are subject to change and regulatory approval. Please refer to the bank’s official website and Key Facts Statement for the most accurate and updated information.
إخلاء المسؤولية
هذا المحتوى لأغراض إعلامية فقط، ولم يصدر عن بنك المشرق ولا يحظى بتأييده. جميع الشروط والأسعار قابلة للتغيير وتخضع للموافقة التنظيمية. يُرجى الرجوع إلى الموقع الرسمي للبنك وبيان الحقائق الرئيسية للحصول على أدق المعلومات وأحدثها.