Secured Overdraft

The Secured Overdraft facility from Mashreq provides a simple and convenient way to get access to your money while it continues to grow.  You can get a cash reserve of up to 95% lien against your Fixed Deposit funds or Mashreq Millionaire.  You get the best of both worlds as you benefit from attractive interest rates on your fixed deposits and still have the chance of becoming a millionaire, through our prize draws.

Other benefits of the Secured Overdraft facility include

• No processing fees for setting up a Secured Overdraft.
• Flexibility to use the funds for any purpose
• Access to the full amount through cheques
• Ability to use your debit card to purchase whatever you like, wherever you like, 
• Pay interest only on the amount that you withdraw