If you find yourself in a difficult financial situation and are trying to manage multiple payments with higher interest rates to various creditors, Mashreq could help you consolidate your debts. By combining all your debts into one personal loan, you can save on interest repayments and benefit from having just one regular repayment to manage.

A Mashreq Debt Consolidation Loan comes with an array of features and benefits: • Lower monthly payments • Increased disposable income • Reduced interest payments over lifecycle • Higher loan amount of up to AED 1 Million • Deferred payment period of up to 90 days You can use the extra cash in hand for all your planned and unexpected needs. For example: • Enjoy a vacation with family / friends • Give a new look to your home • Host your dream wedding • Pay for your or your child’s education • Clear your emergency medical bills • Invest in lucrative opportunities • Interim needs • Property purchase in your Home Country / Overseas* *As per the UAE Central Bank Guidelines, if a customer takes home loan in the UAE, for a UAE property, the customer cannot use a personal loan to fund the down payment of the property purchase.

Yes, to avail a Mashreq Debt Consolidation Loan, you need to transfer your salary to Mashreq.

• Minimum salary of AED 5,000 for approved companies and AED 10,000 for unapproved companies. • Loan instalment along with overall regular monthly instalments should not exceed 50% of your monthly salary. Terms and conditions apply

If your length of service with your current employer is less than 6 months or you have recently moved to the UAE, you can get it under ‘New to UAE’ or ‘New to Employer’.

The upfront costs associated with the debt consolidation loan are processing fees and insurance fee as per schedule of charges

Our interest rates are competitive and are charged on a reducing balance. To find out more about this, please get in touch with our bank representative

EMI (Equated Monthly Installment) is calculated based on the total amount of your loan, the loan tenure, 1st due date and the annual interest rate.

With a Mashreq Debt Consolidation Loan, you can enjoy following additional benefits: • You will get a zero-balance current account for personal loans greater than or equal to AED 25,000 along with debit card and cheque book facility • You will have access to a wide ATM and Branch network • You will have access to award winning Online and Mobile Banking services • You can avail instalment deferment option

The 1st due date of EMI repayment is linked to your salary credit date and should be within 90 days of the loan disbursal date.