Basically, it is a financial transaction between two parties: the bank and you – the borrower. Once you request an amount of money from us, the funds will be exchanged physically or electronically upon our mutual agreement with defined terms and conditions. You will then have to pay back the loan in monthly instalments according to the schedule defined at the moment of your application. For the benefit of borrowing money at your leisure, Mashreq adds a competitive interest to lower down your monthly payment. The borrower chooses the amount of interest, however, at the time of deciding how long to repay the debt for. Mashreq interest rates are extremely competitive, though and our aim is on helping our customers to borrow wisely.