• Mashreq Bank Commercial Mortgage Loan for Emiratis and Expats in the UAE


    Mashreq Commercial Mortgage Loans

    The commercial mortgage loans offered by Mashreq Bank provide customers with an option to choose a constructed property like retail space, office space or shops from the Dubai re-sale market thanks to its impressive network.

    Mashreq Bank

    Mashreq Bank is one of the leading financial institutions in the UAE, having climbed its way up the ladder since its incorporation in 1967. It caters to the financial needs of an extensive range of customers, and the quality of the products and services designed by the bank have been duly acknowledged over the years in the form of awards at prestigious ceremonies. Headquartered in Dubai, the bank has twelve international offices across Africa, Asia, Europe and the United States.

    Why choose Mashreq Bank for Commercial Mortgage Loans?

    Mashreq Bank is among the most trusted financial institutions in the UAE, and its operations are in compliance with the Sharia'ah law. The rates offered by the bank are the best in the market, and the service provided to customers is second to none. A number of features and benefits, which will be discussed below, can help you better understand the convenience of doing business with Mashreq Bank.

    Key features of Mashreq Bank Commercial Mortgage Loans

    • The limit for a loan is AED 10 million.
    • The tenor of the loan is 10 years.
    • Interesting options for choosing interest rate.
    • Loans can be availed by resident expatriates and UAE nations (both self-employed and salaried).
    • Speedy processing and easy documentation.
    • Large network of approved properties from which to select.

    Benefits of Mashreq Bank Commercial Mortgage Loans

    • High loan amounts.
    • Attractive interest rate options.
    • Relatively long tenor.
    • Easy accessibility.
    • Salaried persons as well as self-employed persons can apply.
    • Buyout, refinance and equity options available.
    • Committed managers and professionals who offer doorstep service.
    • Guarantee of transparency.

    Eligibility Criteria for a Commercial Mortgage in the UAE

    • Self-employed persons and salaried persons may apply.
    • Resident expatriates and UAE citizens.
    • Salaried persons must earn AED 50,000 at least per month.
    • Self-employed persons must earn at least AED 40,000 per month.

    Documentation Required for Salaried Individuals

    • Application form
    • Copy of visa and passport.
    • Salary certificate.
    • Title deed or relevant property documents.
    • Bank statement of the past six months.

    Documentation Required for Self-Employed Individuals

    • Application form.
    • A copy of visa and valid passport.
    • Chamber of Commerce Registration copy.
    • A trade license.
    • Articles and Memorandum of Association.
    • Audited financial statements from the previous two years.
    • Personal and company bank statements for the past six months.
    • Title deed or relevant property documents.

    Other financial products offered by the Mashreq Bank in the UAE are:

    Mashreq Bank Credit Card

    Mashreq Bank Car Finance

    Mashreq Bank Home Loan

    Mashreq Bank Personal Loan

    Mashreq Bank Fixed Deposit

    Mashreq Bank Car Insurance

    Mashreq Bank Home Insurance

    Mashreq Bank Travel Insurance

    Mashreq Bank Health Insurance

    Frequently Asked Questions - FAQs

    1. Is there an age requirement to apply for Mashreq Bank commercial mortgage loans?
    2. Yes, salaried customers have to be at least 21 years of age and not more than 65 when the loan matures. Self-employed individuals must be at least 21 years old and not older than 70 years when the loan matures.

    3. How does my loan get processed?
    4. You may either visit one of the bank’s branches to avail a commercial mortgage loan, or you can request the bank’s relationship officer to come over to your office or home at a time convenient to you and complete the formalities.

    5. How many days does it take for a loan to get sanctioned?
    6. It usually takes a maximum of seven days after you have submitted all the required documents.

    You may also read these articles related to Home Loans and Mortgages in the UAE:

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    The main factor while taking a home loan however is the interest rate. Home loans are easily available from various banks across the UAE and the interest rate that is applicable on these loans depends on the bank that offers that loan. The common terms are that the banks are willing to fund up to 80% or more of the cost of the property and you pay the balance.

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    How to get cash finance at low rates against existing property?

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