Mashreq extends mortgage pricing to 30 June 2026 — AED 1,050 fee waiver continues, Neo Plus valuation refund discontinued
Mashreq Bank
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The valuation-fee refund previously offered under Neo Plus is being withdrawn.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.