Personal Loans FAQ
How much can I borrow?
A maximum limit of upto EGP 350,000.
What interest rates do I pay?
Our interest rates are charged on a reducing balance. The interest rates are extremely attractive and competitive and are dependent on the amount you borrow and the period over which you wish to repay
What kind of collaterals do I need?
You do not need any collateral or guarantors.
Do I get any special benefits?
You automatically get a host of free benefits:
- Current account
- Cheque book
- Electron ATM Card
- Access to our branches open from 8.30am - 2.00pm
How long do I have to repay my loan?
From 6 months to a maximum of 72 months, depending on your choice, eligibility and ease of repayment.
Who is eligible for a Personal Loans?
Employees working for government /semi government companies and employees working for employers on Mashreqs' list of approved companies.
What is the minimum Personal Loans loan amount?
The minimum loan amount is EGP 5,000.
What is the minimum salary required to get a loan?
The minimum salary requirement is EGP 2,000. If your company is a ‘select employer’, the minimum salary requirement is less, call 19677 to check.
What documents do I need?
Salary Transfer Certificate, a copy of your ID / Passport with a 1 month statement / salary slip showing regular salary credits.
When can I apply for a top-up loan?
If you have used your maximum loan amount you can top-up your loan after paying 12 instalments.