Mashreq launches bundled Personal Loan with a free iPad Mini

Customers can now look forward to a tailor-made bundled personal loan that caters to their needs. With an aim to achieve that, leading financial institution Mashreq announced offering the Majestic Loan proposition from application to cash in account in just 24 hours. The loan can be availed by customers with minimum income of AED 5,000.

With every Personal Loan application, customers will receive a guaranteed free iPad Mini 16 GB Wifi, allowing them to keep up to date with their financials anywhere and at anytime through the bank’s state of the art online banking, which allows a variety of payment solutions.

Tooran Asif, Head of Personal Banking, Mashreq said, “We continue to offer strong financial products to our customers coupled with convenience and innovation. Banking with Mashreq is forever evolving and our endeavor is to extend a truly exceptional experience to our customers who are the core focus of our strategy.”

The limited period offer is valid until the end of the year and offers competitive interest rates, First year-free Credit Card across Mashreq’s unique cards segment and a First year-free Overdraft Facility.

Tooran added, “Given that it is the festive season, which is also considered as a holiday season, we anticipate many of our customers to have travel plans. That said we wish to provide appropriate financial products for them to double their joy with their families.”

The Majestic Loan customers can opt for job-loss insurance in the case they lose their jobs due to any unforeseen circumstances.  This ensures covering the monthly loan installments until re-employment or for as much as six months.

Customers applying for Majestic Loan would be eligible for fall below fee waivers on the repayment account and first year fee waiver on revolving overdraft facility.