Mashreq extends mortgage pricing to 30 June 2026 — AED 1,050 fee waiver continues, Neo Plus valuation refund discontinued
Mashreq Bank has extended its mortgage pricing promotion through 30 June 2026, and continued the AED 1,050 pre-approval fee waiver across all customer segments for the same period. At the same time, the bank is discontinuing the Neo Plus valuation-fee refund — with a 60-day transition window for existing enrolled customers.
What's been extended
- Mortgage pricing promotion: extended until 30 June 2026.
- Pre-approval fee waiver: the AED 1,050 waiver continues across all customer segments until 30 June 2026.
Neo Plus valuation-fee refund — being discontinued
The valuation-fee refund previously offered under Neo Plus is being withdrawn. The transition rules are:
| Customer situation | Eligibility for valuation-fee refund |
|---|---|
| Existing-to-Bank, currently enrolled in Neo Plus | A 60-day notice has been issued under CPR. Eligible only if the mortgage is availed on or before 10 July 2026 (within the notice period). |
| Existing-to-Bank, not currently enrolled in Neo Plus | Not eligible. Upgrading/converting to Neo Plus after the discontinuation notice does not restore the refund. |
What it means for buyers
- The AED 1,050 waiver is a genuine saving — if you're considering Mashreq, getting pre-approved before 30 June avoids that fee.
- If you're already a Neo Plus customer planning a Mashreq mortgage, the valuation-refund clock is now ticking — you must complete by 10 July 2026 to keep the refund. After that it's gone.
- Don't convert to Neo Plus expecting the refund — the offer is closed to new enrolments. Weigh Neo Plus purely on its other merits now.
As always, compare the all-in cost (rate + fees + insurance) against other banks — an advisor can model whether Mashreq's promo pricing still wins once the valuation fee is back in the equation.
Need to talk it through? Mortgease's advisory team can help you map this against your specific situation — free, no obligation.
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