‘Raha’ provides the bank’s customers with a solution to consolidate all their debts and reschedule financial payments in the best and most efficient way to pay off all their debts and cut down their monthly payments, in addition to obtaining a vacation from instalments for a period of up to 3 months. With ‘Raha’ the bank’s customers can achieve peace of mind, eliminating the hassles of multiple payments, and enjoy merging all payments into one ‘Raha’ loan with a simple yet effective payment plan which secures them with financial control and effectively reduces the monthly payments and the total interest rates paid on loans.
The benefits of “Raha” include a number of financial facilities and special services when transferring salary, which can be obtained directly through the Mbank UAE app in a unique digital banking experience, including personal loans with a value of up to 20 times the transferred salary, “Ziyada” an overdraft facility with a value of up to twice the transferred salary, in addition to obtaining 3 free cheque books, and monthly opportunity to win a Zero-interest loan of up to AED 150,000.
The bank’s innovative and unique services, start with the bank account opening in less than 5 minutes using the UAE PASS with no minimum balance, immediate access to a virtual debit card, and without the need to submit paper documents or visit the bank.
The bank also provides “Eyalna” account for minors, which gives them the opportunity to learn healthy financial fundamentals and skills at a young age, digitize their allowances with their own debit cards, and rewards them for their money management skills with prizes worth AED 15,000 per month.
The bank’s customers also enjoy exclusive online and in-stores discounts and shopping offers through the Lifestyle Club on the Mbank’s application, with monthly opportunities to win the highest value of their monthly purchases, with a value of up to AED 50,000.
Also, with the bank’s keenness to provide pioneering digital banking services across the UAE, the bank has provided the largest cash deposit network in the UAE to its customers, enabling them to conduct instant deposit services in their accounts at Al Maryah Community Bank through more than 220 branches of Al Ansari Exchange, without any fees.
Sahar Affandi, Head of Retail and Financial Services at the bank, commented: “We set a mission as a bank and today I am proud and excited to say that we are here with our unique and comprehensive product “Raha”; a bundle of financial solutions focusing on our community financial wellbeing. Mbank is here as your ONE-STOP choice of repayment plans, financial flexibility, and easing your financial anxiety that too with remarkable seamless digital experience. “Raha” is a testament to our commitment to support the community in line with our goals and UAE’s vision”.
All banking services for the Al Maryah Community Bank are available through the Mbank UAE app on the App Store and Google Play.