Compare Financial Products
Select 2-4 products to compare side by side. See fees, rates, rewards and eligibility at a glance.
| Feature |
Mashreq NEO Credit Instant Loa...
|
Mashreq Personal Loan (Existin...
|
|---|---|---|
| Loan maturity | — | — |
| Applicant Age | — | — |
| Monthly Installments | — | — |
| Markup Rate(Fixed) | — | — |
| Financing limit | — | — |
| Repayment tenure | — | — |
| Life insurance coverage | — | — |
| Financed Amount | — | — |
| Security Deposit | — | — |
| Minimum monthly income (Salary, ) | AED 5,000 | AED 5,000 |
| Eligibility | Minimum monthly salary AED 5,000. No salary transfer required. | Minimum salary AED 5,000 for approved companies and AED 8,000 for unapproved companies; salary transfer to Mashreq required; confirmed employee or 6+ months service; instalments must not exce |
| One-time Processing Fee | — | — |
| Annual Charges | — | — |
| Limit enhancement fee | — | — |
| Late payment charges | — | — |
| Loan Category | — | — |
| Maximum Tenure | — | 48 months — Minimum 6 months, maximum 48 months; up to 60 months for Ministry of Defense employees. |
| Tentative rate | — | — |
| Additional Benefits | — | — |
| Free Insurance & Processing Fee | — | — |
| Interest Rate | — | — |
| Loan Amount | AED 150,000 — 'Up to AED 150,000'. | AED 2,000,000 — 'up to 20 times your salary and maximum of up to AED 2 million'. |
| Card/Cards | — | — |
| Borrrowing Amount | — | — |
| Educational Loan | — | — |
| Return Policy | — | — |
| Deferment Conditions | — | — |
| Flat rate | — | — |