Mashreq launches 'On Arrival Package'

Mashreq bank has launched "On Arrival Package" to help those people who have just arrived in the UAE get settled in as soon as they land.

The package, available to new residents of the UAE before their visa stamping process is completed, 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, the bank said.

Douglas Beckett, Head of Retail Banking at Mashreq said: "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 Dh9,000 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 Dh30,000 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 and services that assist in meeting their more complex financial goals.