| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Mashreq Personal Loans for Expatriates
|
Minimum Salary: QAR 5,000 | Salary Transfer: Yes | Islamic Finance: No | Maximum Term: 4 Years | Flat Rate: 3.33% | Reducing Rate: 6.0% |
Mashreq Personal Loan for Expatriates is designed specifically with the objective of helping expatriates borrow wisely. Tailored to meet the needs of individual customers, our focus is on making the repayment process as simple as possible.
At Mashreq we do not put restrictions on how you utilize your loans. Whether you are looking to buy a house in your home country, educate your children or to take a vacation, the choice is yours.
Mashreq Personal Loans for Expatriates Features:
If you borrow QAR 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:
Payment per month – QAR 297.50 | Total charge for credit – QAR 710 | Total amount you repay – QAR 10,710
Please note, the actual rate applied to your loan will depend on your circumstances.
At Mashreq we do not put restrictions on how you utilize your loans. Whether you are looking to buy a house in your home country, educate your children or to take a vacation, the choice is yours.
Mashreq Personal Loans for Expatriates Features:
- No collateral or guarantors required for application.
- Simple documentation and quick processing.
- Complimentary Basic Current Account.
- Complimentary Easy Saver Account.
- Credit Card loaded with unmatched benefits.
- Complimentary Cheque book and Debit card.
- Competitive interest rates.
- Loan amounts up to QAR 1 Million for expatriates working in Government & Semi Government organizations and QAR 397,500 for expatriates working in other companies.
- Repayment periods of up to 48 months
- Service at your doorstep.
If you borrow QAR 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:
Payment per month – QAR 297.50 | Total charge for credit – QAR 710 | Total amount you repay – QAR 10,710
Please note, the actual rate applied to your loan will depend on your circumstances.
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
