Mashreq Qatar introduces Majestic Loan package

Mashreq Qatar, one of the region’s leading financial institutions, announced the launch of its Majestic Loan financial solution. The exciting package gives customers the opportunity to fulfil all their banking and financing needs in one proposition.

Customers can open a salary transfer account, apply for a loan, and enjoy the benefits of a credit card & overdraft, all in one go. Mashreq Majestic will also offer a free Blackberry curve, Samsung SII or iphone/iPad, guaranteed against all successful applications. Customers will be able to collect the Smartphones from any StarLinks outlet in Qatar, the bank’s partner for this promotion. As a result, customers applying for the package can enjoy savings of up to QAR 10,000.

In addition to loans at competitive rates, the Majestic Loan package includes the Platinum Credit Card, which provides “buy 1 get 1 free” discounts coupons worth QAR 5000 and free shopping at leading retail outlets in Qatar including Marks & Spencer and Home Centre. The card also allows customers free access to the VIP Oryx Lounge at Doha International Airport, free Arabian Automobile Association membership worth QAR 500, free access to Al Maha meet & assist at Doha international airport, as well as discounted balance transfer facility & easy cash facilities, amongst other benefits.

Niranjan Mendonca, Head of Retail Banking, Mashreq Qatar said, “Customers are at the heart of our bank and we will continue to ensure that all their banking needs are met through our tailored made packages. Our comprehensive Majestic Loan package offers customers a personal loan, salary advance and a free Smartphone to keep up to date with their finances, in addition to numerous other benefits. Mashreq Qatar is committed to providing its customers with solutions that meet their financial needs and also complement their lifestyles.” 

Mendonca added, “Our products are not only flexible but are easily accessible as well, and we urge customers to benefit from our competitive discounts on major brands through our partners.”

Mashreq was recently awarded the ‘Best Regional Retail Bank Award’ at the Banker Middle East Industry Awards 2012 and has been the winner of “Best Consumer Internet Bank in Qatar” by Global Finance magazine for 3 consecutive years.

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