Mashreq, one of the UAE’s leading financial institutions announced a distinctive insurance cover for its valued customers. This new and unique offering now provides assurance to customers through convenient job loss insurance when applying for a Mashreq personal loan.
The job loss cover is designed to ease financial stress on customers, by covering their monthly loan installment till they get re-employed or for as much as six months. The cover extends for installment amounts up to AED 3,000. Customers can keep covering their loan payment installment if they lose their jobs due to any unforeseen circumstances.
Nimish Dwivedi, Head of Personal Banking, Mashreq, said, “We aim to provide a complete lending solution to our customers. This unique offering combined with faster turnaround times allows customers to get a holistic borrowing solution with absolute peace of mind. We empathies with the immense pressure that customers’ face in the unfortunate incidence of a job loss and this offering reflects our commitment to extend banking products that understand and fulfill our customer’s needs.”
The process for availing this relevant benefit is very simple, where customers can apply at the time of availing a personal loan and can get the coverage at a minimal premium along with a life insurance.