The new package is available to new residents of the UAE before their visa stamping process is completed to help new arrivals settle down as quickly as possible. The 'On Arrival Package' offers an account with a debit card, one month's salary in advance, a Gold credit card, furniture and rent advance loans and an Easy Saver account in one easy package.
Douglas Beckett, Head of Retail Banking at Mashreq said:
"At Mashreq, we constantly strive to bring distinctive solutions into the market to provide value to our customers. Through this convenient and innovative package, we are providing financial support and peace of mind to new employees in the UAE. Mashreq is the only bank in the UAE which offers this type of pre-visa support."
Omar Asghar, Head of Wealth Management added, "This package will help employers to get their new employees settled faster, giving them greater peace of mind and thereby increasing productivity."
To be eligible for the 'On Arrival Package', customers should have a salary of Dhs9,000 or more. After their visa is stamped and submitted to the bank, customers are given a cheque book, enhanced limits on all lending products, a pre-approved Auto Loan and a pre-approved Mortgage. Customers earning Dhs30,000 or more are eligible for the Mashreq Gold offering which is the premier banking service from Mashreq. These customers are assigned to a designated Relationship Manager and are offered a wide range of additional benefits & services that assist in meeting their more complex financial goals.
Over the years, Mashreq's Retail Banking Group (RBG) has enjoyed significant growth with the launch of several new products & services. This package further reinforces its reputation as the most convenient bank in the UAE.
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Posted by Siba Sami Ammari
