Debt Consolidation Loan

With Mashreq Debt Consolidation Loan

Lower monthly payments

More disposable income

Up to 90 days

1st EMI deferral period

Reduced interest payment

Save more money

Become debt free faster

If you have taken multiple loans to meet your expenses and are looking at an efficient way to repay your loans, then Mashreq’s Debt Consolidation Loan is the right option for you. You can now combine all your debts into one personal loan and save on interest repayments.

Are you ready to apply?


Manage your payments better
Enjoy the convenience of making a single consolidated payment instead of managing multiple payments
An enhanced lifestyle
By managing your loan efficiently you can look forward to more disposable income.
Less interest, more saving
Save on interest payments when you consolidate your debts
Personal Loan Calculator

Feel free to play around with the calculator

Loan amount


AED 10,000

AED 1,500,000

Interest rate


2.99 %

36 %

Pay back over how many months?


3 months

60 months

For better decisioning you can also compare various loans

Loan Comparison Calculator

Monthly Installment


Have your Emirates ID handy? Upload and get your quote now!

Terms & condition will apply. Actual installments may differ.

Have the following documents handy to view your loan offer:

Valid Emirates ID
Valid Passport with UAE residence visa page
Employer salary transfer letter as per Mashreq format OR Salary Cert. for Govt./ Semi Govt.employees


Minimum Monthly Salary
AED 5,000 for approved companies & AED 10,000 for unapproved companies.
Company Approval Requisite
Not mandatory to be employed at an approved company for loan eligibility.
Employment Term
Should be a ‘Confirmed’ employee (or) length of service to be 6 months or more at the current company.


Terms & Conditions of Personal Loans
To find out more, click here.
Terms & Conditions of Credit Life
To find out more, click here.
Fees & Charges
To find out more, click here.
Key Facts Statement
To find out more, click here.

Frequently Asked Questions

If you find yourself in a difficult financial situation and are trying to manage multiple payments with higher interest rates to various creditors, Mashreq could help you consolidate your debts. By combining all your debts into one personal loan, you can save on interest repayments and benefit from having just one regular repayment to manage.
A Mashreq Debt Consolidation Loan comes with an array of features and benefits: • Lower monthly payments • Increased disposable income • Reduced interest payments over lifecycle • Higher loan amount of up to AED 1 Million • Deferred payment period of up to 90 days You can use the extra cash in hand for all your planned and unexpected needs. For example: • Enjoy a vacation with family / friends • Give a new look to your home • Host your dream wedding • Pay for your or your child’s education • Clear your emergency medical bills • Invest in lucrative opportunities • Interim needs • Property purchase in your Home Country / Overseas* *As per the UAE Central Bank Guidelines, if a customer takes home loan in the UAE, for a UAE property, the customer cannot use a personal loan to fund the down payment of the property purchase.
Yes, to avail a Mashreq Debt Consolidation Loan, you need to transfer your salary to Mashreq.
• Minimum salary of AED 5,000 for approved companies and AED 10,000 for unapproved companies. • Loan instalment along with overall regular monthly instalments should not exceed 50% of your monthly salary. Terms and conditions apply
If your length of service with your current employer is less than 6 months or you have recently moved to the UAE, you can get it under ‘New to UAE’ or ‘New to Employer’.
The upfront costs associated with the debt consolidation loan are processing fees and insurance fee as per schedule of charges
Our interest rates are competitive and are charged on a reducing balance. To find out more about this, please get in touch with our bank representative
EMI (Equated Monthly Installment) is calculated based on the total amount of your loan, the loan tenure, 1st due date and the annual interest rate.
With a Mashreq Debt Consolidation Loan, you can enjoy following additional benefits: • You will get a zero-balance current account for personal loans greater than or equal to AED 25,000 along with debit card and cheque book facility • You will have access to a wide ATM and Branch network • You will have access to award winning Online and Mobile Banking services • You can avail instalment deferment option
The 1st due date of EMI repayment is linked to your salary credit date and should be within 90 days of the loan disbursal date.

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