Mashreq home finance needs six months of statements. CBUAE caps LTV at 80% for nationals and 75% for expats on the first property below AED 5M. The export traces every dirham of your down payment.
Convert for mortgageMashreq provides home finance to UAE nationals and expats and is a common salary-transfer bank for buyers in Dubai. The underwriting team asks for six months minimum and may extend to twelve for self-employed or commission-heavy applicants. They check that the down payment has seasoned in your account for at least 60 days, that your income is steady, and that your DBR stays inside the CBUAE 50% cap.
The CBUAE sets LTV at 80% for UAE nationals and 75% for expats on a first property valued below AED 5M; 70% for nationals and 65% for expats above that threshold. The 25% expat down payment plus the Dubai Land Department 4% fee and the bank's processing fee come out of your liquid funds — the statement has to show those funds were yours, not borrowed.
Mashreq's PDF prints SALARY credits with the MoHRE employer code, recurring DIRECT DEBIT lines for utilities and existing finance, and integrated card POS spend. For a mortgage file, the underwriter wants to separate finance obligations from discretionary card spend. Kashfbank's category column does that split.
Down-payment seasoning is the most-asked question. The underwriter wants to see the funds present in the account for at least 60 days with no large unexplained credit during that window. Any gift from family must be documented with a non-repayable gift letter, and the bank line for that deposit must match the date on the letter.
Pull six months of WPS salary credits, all existing finance EMI lines, the trace of the down payment from its earliest appearance through the offer date, the average ending balance, and any large one-off credits that need source documentation.
Modern digitally generated PDF. English dominant. Dates DD/MM/YYYY or DD-MMM-YYYY. Exchange rate shown inline for foreign currency transactions. IBAN, BIC, and branch code in header. Card spend integrated within account statement — no separate card statement. Mashreq Neo accounts may have a slightly different header layout from classic Mashreq accounts.
| Label | Meaning |
|---|---|
| POS- | Card purchase at point-of-sale |
| ATM CASH | ATM cash withdrawal |
| SALARY | WPS salary credit |
| REMITTANCE OUT | International money transfer sent |
| EXCHANGE RATE | FX rate applied to foreign transaction |
UAE mortgage applicants must show 6 months of statements; CBUAE's maximum loan-to-value is 80% for UAE nationals and 75% for expatriates for first properties below AED 5M.
Pull six months of Mashreq statements
Open Mashreq Mobile or Mashreq Neo and download six monthly PDFs covering the period before your mortgage application. Upload them together to Kashfbank — they merge chronologically into one continuous record.
Trace the down payment
Look back at least 60 days from your offer date. Confirm the down payment funds are visible the whole way. Any large credit during that window needs a source — salary bonus, asset sale, or non-repayable gift letter.
Calculate your DBR with the new mortgage included
Sum existing finance obligations plus the estimated monthly mortgage instalment. Divide by gross salary. The total must stay under 50% of gross monthly income. The CBUAE rule applies across all UAE lenders, including Mashreq.
Hand the clean export to your broker
Mashreq's underwriter wants the bank-issued PDF. The Kashfbank Excel is for your broker's pre-submission review — DBR, seasoning, salary continuity. Catching gaps before submission saves a re-request loop.
Common challenges
How many months of Mashreq statements does the mortgage underwriter need?
Six months minimum for a salaried applicant. Self-employed or commission-heavy applicants may be asked for twelve months. Mashreq Neo customers submit the same way — digital statements straight from the app.
How does the export prove down-payment seasoning?
Kashfbank merges multiple monthly PDFs into one chronological view. Scroll back 60 days from your offer date and confirm the funds are visible. Any large credit inside that window needs a source — gift letter, asset sale, bonus. The underwriter will ask.
I am an expat buying a property valued at AED 4M. What is my LTV cap?
75% on a first property below AED 5M. You need 25% down plus the 4% Dubai Land Department fee plus Mashreq's processing fee, all from seasoned funds in your own account. A second property reduces the cap further.
Mashreq integrates credit card spend in the statement. Does discretionary POS spend hurt my mortgage application?
Heavy POS spend does not directly hurt approval, but it reduces the average monthly ending balance the underwriter wants to see. A growing or stable balance over six months is a positive signal. Sustained drawdowns are not.
Freelancers
Extract, categorize, and export freelance income and expenses from PDF bank statements — ready for 1099, self-assessment, or ZATCA filings.
Tax Preparation
Convert PDF bank statements to clean spreadsheets for Zakat, VAT, corporate tax, and self-assessment filings across GCC and international markets.
Loan Applications
Prepare clean, lender-ready bank statement exports that prove stable income and responsible financial behavior for personal and business loan applications.
Regulator: Central Bank of the UAE (CBUAE)
Fiscal year: Jan 1 – Dec 31 (Gregorian)
Full country guide →Statement language: English