DOHA: Mashreq, a leading financial institution in the region, has launched a home loan product that enables Qatari nationals and expatriates to purchase property in Dubai at low interest rates starting at 5.99 percent per annum. This latest product offering by Mashreq UAE is in line with the bank’s approach to offer convenient and innovative financial solutions to customers across the region.
Salaried and self-employed Qatari nationals and expatriates can avail mortgage loans of up to Dh5m and repay in instalments over a period of up to 25 years while the down payment required is as low as 35 percent of the property value. A dedicated Mortgage Advisor will assist customers throughout the entire process to ensure the customer experience is fast, smooth and hassle free.
Niranjan Mendonca, Head of Retail Banking, Mashreq Qatar, commented: “Mashreq has responded to consumer demand from Qatari clients by offering financing options for property investments in the revitalized real estate market in the UAE. Through this product, Mashreq UAE offers customers in Qatar unparalleled local expertise and insight to help identify the right property deals.”
This product further establishes Mashreq as a leading regional player, adding to earlier recognition the bank has received since it was awarded the ‘Best Regional Retail Bank Award’ at the Banker Middle East Industry Awards 2012.
The Peninsula
