Mashreq Prime Rate
Mashreq prime rate for Retail Lending products is 6.25% per annum.
The Mashreq Prime Rate is a reference rate for Retail lending products.
What is Mashreq Prime Rate?
MPR is a interest rate formulated to be used as a Reference Rate for Retail lending products.
What is the frequency of change?
Frequency of change will be triggered by market fluctuations and will be communicated in advance whenever a change is made through Press releases/advertisement in leading dailies and on our website.
What about customers who's pricing changes on account of changes in MPR?
Customers with facilities connected to MPR will receive individual communications regarding any change in status
Will MPR affect Fixed Deposit rates?
No, the MPR is applicable only for lending products and fixed deposit rates are independent of this.