Personal

Service Charges for Loans

	Personal Loan	Mortgage	Car Loans	Revolving Overdraft
Rate of Interest	Rates linked to Mashreq Prime Rate (MPR) *
Processing Fee	1% of the loan amount	1% of the loan amount	Up to 1% of the amount	AED 100
Minimum	AED 500	1% of the loan amount or max of AED 25,000 (whichever is lower)	N/A	N/A
Maximum	N/A	1% of the loan amount or max of AED 25,000 (whichever is lower)	N/A	N/A
Insurance Charges	Up to 0.75% of the loan amount	Subject to market condition	N/A	AED 100 per annum
Postponement Fee	AED 150 per postponement	N/A	AED 150 per postponement	N/A
Late Payment Fee	AED 300 per installment	N/A	AED 300 per installment	N/A
Early Settlement Fee
Through other Banks	5% of the outstanding	Subject to the offer with a max of 3% of the outstanding amount	5% of the outstanding	free
For repeat Loan	Up to 2.5% of the outstanding amount	N/A	N/A	N/A
Through own Sources	Up to 5% of the outstanding amount	Subject to the offer with a max of 1% of the outstanding amount	5% of the outstanding amount	N/A
Re-validation Fee	N/A	AED 500	N/A	N/A
Property Evaluation Fee	N/A	AED 2,500	N/A	N/A
Pre-approval Charges	N/A	AED 1,000	N/A	N/A
Temporary Release	N/A	N/A	AED 100 per release	N/A
Permanent Release / Clearance Letter	N/A	N/A	AED 50 per release	N/A
Cash Collection Fee	N/A	N/A	AED 25	N/A
Liability Letter addressed to other Bank	AED 500	AED 500	AED 500	N/A
Change of Number Plate	N/A	N/A	AED 50 (security deposit of AED 200 for individuals & AED 500 for companies)	N/A
Change of PDC / Recovery Account	AED 100	N/A	AED 100	N/A

Click here for current MPR.

Subscription / Interest Rates	The charges applicable are subject to market conditions and may change without prior notice
Leverage Multiples	Mashreq offers up to five multiples for IPO Financing