403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Mashreq Launches AED 5,000 Cashback To Drive Digital Home Finance Transformation
(MENAFN- Mid-East Info)
The special deal is open to all applicants – both residents and non-residents for conventional home loans and Sharia-compliant Ijarah home finance facilities with a minimum value of AED 500,000 through the Mashreq website or mobile app. This fast and transparent digital mortgage pathway guides buyers to an instant digital pre-approval thereby accelerating their home ownership journey. Upon successful loan disbursal, a flat AED 5,000 cash credit is deposited directly to the customer. Commenting on the launch, Srinivasan Padmanabhan, Head of Mortgages at Mashreq, said:“At Mashreq, we pioneered the UAE's first fully digital home loan pre-approval to give homebuyers clarity, confidence, and control from the very start. This AED 5,000 cashback offer enhances our digital-first proposition with a simple, straightforward reward for customers who trust us with their home financing decision. It reflects our continuous focus on enriching the property-purchasing experience in the UAE, moving toward genuine service and value differentiation.” The launch aligns closely with the sustained momentum in the UAE real estate sector. Dubai recorded AED 286 billion in property sales in H1 2026, the second-highest first half on record, while mortgage lending reached approximately AED 102 billion over the same period and now funds around 36% of ready-home purchases. As market activity intensifies, Mashreq continues to position its digital mortgage journey as its core point of differentiation, providing customers with a seamless, direct-to-bank channel that simplifies homeownership. Mashreq is a leading financial institution headquartered in Dubai, serving individuals, entrepreneurs, corporates, and institutions across the UAE and key regional and international markets. With a heritage spanning nearly six decades, Mashreq combines digital-first innovation with deep relationship banking across retail banking, corporate and investment banking, global markets, transaction banking, Islamic banking, wealth management, and treasury. The bank delivers secure, advanced, and customer-centric experiences while actively driving the transition toward a sustainable economy. Through a robust Environmental, Social, and Governance (ESG) framework, Mashreq is committed to facilitating sustainable finance, fostering responsible operations, and delivering positive societal impact. With an extensive international footprint spanning the UAE, Oman, Qatar, Kuwait, Bahrain, Egypt, Pakistan, Türkiye, India, the UK, the US, and Hong Kong, Mashreq seamlessly connects regional businesses with global markets while maintaining deep local expertise. Guided by its core purpose to help customers Rise Every Day, Mashreq partners with clients to navigate change, unlock sustainable growth opportunities, and achieve long-term success.
-
The move expands the bank's digital-first proposition, building on the landmark debut of the UAE's first instant digital pre-approval.
The offer is open to all applicants – both residents and non-residents for conventional home loans and Sharia-compliant Ijarah home finance facilities with a minimum value of AED 500,000.
The special deal is open to all applicants – both residents and non-residents for conventional home loans and Sharia-compliant Ijarah home finance facilities with a minimum value of AED 500,000 through the Mashreq website or mobile app. This fast and transparent digital mortgage pathway guides buyers to an instant digital pre-approval thereby accelerating their home ownership journey. Upon successful loan disbursal, a flat AED 5,000 cash credit is deposited directly to the customer. Commenting on the launch, Srinivasan Padmanabhan, Head of Mortgages at Mashreq, said:“At Mashreq, we pioneered the UAE's first fully digital home loan pre-approval to give homebuyers clarity, confidence, and control from the very start. This AED 5,000 cashback offer enhances our digital-first proposition with a simple, straightforward reward for customers who trust us with their home financing decision. It reflects our continuous focus on enriching the property-purchasing experience in the UAE, moving toward genuine service and value differentiation.” The launch aligns closely with the sustained momentum in the UAE real estate sector. Dubai recorded AED 286 billion in property sales in H1 2026, the second-highest first half on record, while mortgage lending reached approximately AED 102 billion over the same period and now funds around 36% of ready-home purchases. As market activity intensifies, Mashreq continues to position its digital mortgage journey as its core point of differentiation, providing customers with a seamless, direct-to-bank channel that simplifies homeownership. Mashreq is a leading financial institution headquartered in Dubai, serving individuals, entrepreneurs, corporates, and institutions across the UAE and key regional and international markets. With a heritage spanning nearly six decades, Mashreq combines digital-first innovation with deep relationship banking across retail banking, corporate and investment banking, global markets, transaction banking, Islamic banking, wealth management, and treasury. The bank delivers secure, advanced, and customer-centric experiences while actively driving the transition toward a sustainable economy. Through a robust Environmental, Social, and Governance (ESG) framework, Mashreq is committed to facilitating sustainable finance, fostering responsible operations, and delivering positive societal impact. With an extensive international footprint spanning the UAE, Oman, Qatar, Kuwait, Bahrain, Egypt, Pakistan, Türkiye, India, the UK, the US, and Hong Kong, Mashreq seamlessly connects regional businesses with global markets while maintaining deep local expertise. Guided by its core purpose to help customers Rise Every Day, Mashreq partners with clients to navigate change, unlock sustainable growth opportunities, and achieve long-term success.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment