Al Maryah Community Bank Personal Loan

Minimum Salary
10.000,00 د.إ

Flat Rate
3.69%

Reducing Rate
AED 4.99%

Maximum Term
4 Years

Monthly Payment
AED 1,950

Description

Al Maryah Community Bank’s fixed-rate personal loan offers transparent reducing-balance interest, flexible tenures up to 48 months, and appealing community-focused benefits—such as marriage and investment financing, extended payment holidays, and fee waivers—making it an attractive choice for UAE Nationals and Expats with salary transfers to Mbank.

Features

Interest Rates and Finance Amounts

Interest Rate: Charged on a reducing-balance basis; the exact rate is determined at approval based on customer profile and tenor.
Loan Amounts:
- UAE Nationals & Expats: From AED 15,000 up to limits defined per segment (up to AED 175,000 for marriage financing; up to AED 250,000 for first investment property) when specific offers apply.
Tenure: Maximum 48 months; Ministry of Defense employees may extend up to 60 months.

Eligibility Criteria

Age: Minimum 21 years.
Residency: UAE Nationals and UAE-resident Expats.
Salary: Minimum AED 10,000 per month, with mandatory salary transfer to an Mbank account.
Employment: Must work for government, semi-government, or an approved private employer; first-job loans available for Nationals joining government entities.

Schedule of Fees and Charges

Fee Type	Charge
Administration Fee	1% of loan amount + 5% VAT (min AED 525, max AED 2,625)
Processing Fee (Raha & Fresh)	Waived for limited-time offers; otherwise same as Admin Fee
Early Settlement Fee	1% of outstanding balance (max AED 10,000)
Late Payment Fee	2% of overdue amount (min AED 50, max AED 200) per month
Instalment Postponement	Up to 2 deferments per year at no charge
Payment Holiday (first instalment)	Up to 180 days without fees
Duplicate Statement	AED 45 per month
Credit Bureau Fee	AED 21
Direct Debit Authority Setup	AED 100

(All charges inclusive of VAT unless stated)

Documents Required

Completed Mbank personal loan application form.
Valid passport copy (and UAE residence visa for Expats).
Valid Emirates ID copy.
Salary transfer letter or salary certificate issued within 30 days.
Last 3 months’ bank statements.
Details of existing financing or liabilities.
Al Etihad Credit Bureau consent form (as part of application).

Additional Info

Community-Focused Financing: Dedicated offers for marriage expenses (up to AED 175,000) and first investment property (up to AED 250,000).
Fee Waivers: Zero processing fees and free instalment postponements for limited periods.
Extended Payment Holiday: Option to defer the first instalment up to 180 days.
Digital Convenience: Fully online application via Mbank UAE App with pre-approval in minutes.