Loans – Al Masraf

Loans

Loans

PERSONAL LOANS

Are you looking for an opportunity to realize a long cherished dream of renovating your house or visiting a country you have always wanted to see? Al Masraf offers Personal Loans at attractive and accessible rates.

Features and Benefits

  • Easy documentation and fast processing
  • Loan amount up to 20 times of your salary
  • Deferment facility
  • Competitive interest rates
  • Card for ATM cash withdrawal
  • Current Account with minimum balance requirement waived

Eligibility & Requirements

  • Applicant must be 21 years of age or above
  • Applicant’s employer must be one of Al Masraf’s approved employers list
  • Transfer of salary and assignment of end-of-service benefits to Al Masraf.

MORTGAGE LOANS

Owning your own home can be a dream come true. It gives you the flexibility to build those little things that every member of your family can appreciate. Al Masraf Mortgage Loan is a comprehensive and convenient home loan solution designed to fulfill your dreams and serve you the way you deserve it.

Features and Benefits

  • Easy documentation and fast process
  • High loan amount: with a high loan amount, the dream home you deserve will no longer be out of reach
  • Long tenor: we aim for a long term relationship with you; hence we offer a long tenor for repayment of mortgage loans
  • Highly competitive pricing: Al Masraf offers highly competitive pricing just the way you deserve it

Eligibility

  • Applicant must be 21 years of age or above
  • Applicant’s employer must be one of Al Masraf’s approved employers list.

For more information please contact us on 600 52 9999

AUTO LOANS

Drive off with your dream car now! Loan from Al Masraf – puts behind the steering wheel of the car of your dreams.

Features and Benefits

  • Easy documentation and fast processing
  • Finance available for new and used cars
  • Flexible repayment period of up to 60 months
  • Deferment facility available
  • Competitive interest rate

Documentation Requirements

For New Vehicles

  • Applicant’s employer must be one of Al Masraf’s approved employers list
    Proof of salary
  • Copy of valid passport with residence visa
  • Quotation/Performa invoice for new vehicle
  • Copy of UAE driving license
  • Bank Statements
  • Down payment of 20% inwards

For used vehicles (in addition to the above)

  • Valuation certificate from the bank’s approved list Of vehicle dealers
  • Ownership title and car sale agreement.
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