Mashreq Bank

Mashreq Bank – Personal Loan with Salary Transfer

8.72%

Advertised Rate

2,475

Monthly Repayment

1,320M

Loan Amount

Types of Personal Loans

With Salary Transfer

Without Salary Transfer

Features & Benefits

Loan Amount

Up to EGP 1,320m.

Loan Term

loan term can very from 3 to 9 years.

Overdraft Facility

Access to revolving overdraft at up to twice your salary

Requirements

 

  • Minimum age of 21 year-old and a Maximum of 65 year-old
  • No guarantors required
  • Employees at companies that distribute payrolls through Mashreq bank

Documents Required

  • Copy of National ID
  • Utility bill
  • Salary transfer letter

Fees & Charges

  • 1.5% administrative fee starting from EGP 300 and up to EGP 5,000
  • 1% of insurance fees
  • 7% for early full
  • 5% for partial settlement
  • EGP 100 late payment fee per installment calculated per year
  • 0.05% proportional stamp duty collected quarterly
  • This field is for validation purposes and should be left unchanged.