Mashreq launches Majestic packages

Mashreq, one of the UAE’s leading financial institutions, revealed its innovative side with the launch of the Mashreq Majestic range of banking service programs, specifically tailored to suit the unmet needs of target customers. This launch is a mini revolution in how retail banking services are offered in the UAE. 

The Majestic Salary, Loan, Mortgage and SME Finance packages are designed to provide value for money, convenience and accessibility. Each one offers direct access to various products through a single bundle, and as customers apply just once, the process is simple and boasts the fastest turnaround in the UAE. Created following extensive research, Majestic is truly a solution defined by the end customer. 

Farhad Irani, Mashreq Head of Retail Banking, said: “We are proud to launch Mashreq Majestic; a reflection of what this leading consumer bank means to individual customers in the UAE. It offers tangible value, is relationship manager enabled, and is a high convenience one stop complete solution. We have stopped pushing generic products onto customers; instead we have now embraced them with a tailor-made solution that makes banking with multiple institutions a thing of the past. This is truly a revolution and the face of the new Mashreq.” 

Mashreq Majestic Salary helps new customers take home a bigger salary with savings through the package. These include free online remittances and remittance continuity insurance, a free credit card and current account with no fall below fees, and a free overdraft facility. Another perk is the free Blackberry with Mashreq mobile application pre-loaded which brings the added convenience of banking on the move, 24/7. 

Mashreq Majestic Loan provides lower interest rates on personal loans, starting from as little as 6.49%. Further savings are made with a free credit card and free current account with no below fees, as well as a free overdraft. To help customers keep up to date with their finances, the package includes a free Blackberry. 

Mashreq Majestic Mortgage takes customers a step closer to home-ownership. Over and above the competitive rate of 4.99%, further benefits include zero processing fee options and free life and property insurance for the first year. Mashreq will also provide a free property valuation, free Platinum credit card and an overdraft facility of up to AED100,000. The Majestic Mortgage proposition includes an iPad 2.  

Majestic SME Finance offers ground-breaking business solutions through a Business Loan or Trade Finance. Both offer flexible financing with competitive interest rates, a free business current account with no minimum balance, free business credit card, platinum business debit card and free access to MashreqBusinessOnline. The bundle also provides discounted charges on remittances, 50% off on one’s choice of insurance package and a dedicated relationship manager.