NEO Credit Instant Loan
| Islamic Finance | No |
| Minimum Salary | AED N/A |
| Minimum Age | N/A years |
| Maximum Age | N/A years |
| UAE Nationals Eligible | Yes |
| Expatriates Eligible | Yes |
| Salaried Eligible | Yes |
| Self-Employed Eligible | No |
| Salary Transfer Required | No |
| Employment Criteria | Salaried clients with valid UAE employment; designed for quick approval. |
| Minimum Loan Amount | AED 10,000.00 |
| Maximum Loan Amount | AED 500,000.00 |
| Minimum Loan Tenure | 6 months |
| Maximum Loan Tenure | 36 months |
| Flat Interest Rate: | 8.99% - Representative fixed interest rate for instant loan products. |
| Reducing Interest Rate: | 8.99% - Reducing balance rate fixed for the loan tenure. |
| Processing Fee: | 1.00% - Processing fee applicable as per Mashreq’s terms. |
| Early Settlement Fee: | 1.00% - Early settlement fee on outstanding balance. |
| Late Payment Fee: | N/A |
| Insurance Fee: | N/A |
Required Documents
Passport, Emirates ID, salary certificate, and bank statements.
Additional Benefits
Instant approval with funds disbursed in minutes for urgent needs.
Features:
Digital application process; fast approval and disbursal; competitive fixed rate.
General Notes
Offer subject to eligibility and Mashreq’s terms and conditions.
