Oumar Malik
Oumar Malik
Chief Financial Officer
Oumar Malik is the Chief Financial Officer of iNewkhusi.com, a top financial platform offering banking, loans, credit cards, and insurance. With deep financial expertise, Oumar is key in developing strategies for growth and effective management of financial products and services. Based in Al Hamriya, Dubai, Oumar provides valuable insights and innovative solutions to help individuals and businesses manage their finances.
The need for money can arise at any time and at such times it becomes extremely important to get financial help fast.
Instant loan apps in UAE have played an important role in fulfilling this need by providing you the facility to get quick and easy loans. With a growth of 20% in UAE, these applications have established their hold which gives you the facility of loan very easily.
These apps are able to give you the financial assistanceyou need with less documentation and a faster approval process.
Please note that this blog is for educational and informational purposes only, and we do not endorse or recommend any loan service.
Let us find out how these leading instant loan apps can meet your financial needs and which app can be best suited for you.
List of 20 Best Instant Loan Apps In UAE
There are many apps available to meet the need of instant loan in UAE, which provide financial assistance with quick and easy loan process.
These apps come with various benefits and features, such as quick approval, minimal documentation, and flexible payment options.
| App Logo | App Name |
|---|---|
 | Cash Now |
 | LNDDO |
 | Credy Loan |
 | Cash U |
 | FinBin |
 | Cash App |
 | IOU Financial |
| Flex | |
 | EZ Money |
 | Mashreq UAE |
 | Emirates NBD |
 | Citibank UAE |
 | Payit |
 | RakBank |
 | Liv Bank |
 | Tabby |
 | ADCB Hayyak |
 | E&Money |
 | Payby Mobile Payment |
 | Simplylife |
See more of UAE Best Loan App below
- RAKBANK Business
- Prime Loans
- CBD – Instant digital banking
- Liv X – Mobile Banking UAE
- Wio Personal
- MBank UAE
- FAB Mobile
- ENBD X
Through these apps, you can get quick and convenient loans as per your need, which can help in improving your financial condition.
What Are Cash Loan Apps?
Cash loan apps are mobile apps that offer the opportunity to borrow money fast.
These apps are usually for small amounts, such as those needed before the next payday.
The specialty of these apps is less documentation required, quick credit check, and instant money disbursement.
For this reason, working people and expatriates in the UAE often use these apps.
Top Features of Instant Loan Apps
With the rapidly changing banking sector, instant loan apps are facilitating loan disbursement through a very fast and easy process.
These apps have several key features that make them highly impactful for users. Here are the key features of instant loan apps:
- 1. Instant Approval and Disbursement:
The best instant loan apps get the loan approved instantly and the instant loan amount is transferred to your bank account, often within minutes or hours. This facility is important for those who need immediate financial assistance. - 2. Less Documentation:
Instant Stop Application greatly simplifies the loan application process by providing loan facility with minimum documentation thus saving time. - 3. User-Friendly Interface: The instant loan application is designed with a well-designed, intuitive interface that allows users to easily navigate the app, apply for the loan and also manage their accounts with ease. Is.
- 4. Flexible loan amount and repayment terms: Leading apps offer various loan amounts and flexible repayment options, allowing users to choose the suitable terms as per their financial situation.
- 5. Advanced Security Measures:
To protect user data, top apps implement strong security features, including encryption and secure authentication methods, which keep personal and financial information confidential. - 6. 24/7 Customer Support: Reliable customer support is available anytime, assisting users with any queries or issues they may have, ensuring a seamless experience during the loan process.
These features make instant loan apps valuable as solutions to immediate financial needs, providing users with convenience, security, and flexibility.
Long Detail Of 20 Best Instant Loan Apps In UAE
If you need quick cash in the UAE and want an easy and hassle-free loan, you can take help from these apps. These apps provide quick loans, so you can get money quickly without any hassle.
1. CashNow App
CashNow is an instant cash loan app that gives residents of the UAE and other countries the chance to borrow money instantly. This app quickly transfers cash loans to your bank account or digital wallet.
The interest rate on the loan amount is 25% per annum and 5% processing fee is included. The maximum APR can be up to 35.9%, which will be clearly shown on the app.
Key Features:
CashNow app is known for its many features. Here I have told about some of the main features which are as follows:
- 1. Easy application process: Only Emirates ID and valid mobile number is required. Download the app, sign up, and get the cash loan in your bank account or digital wallet in a few hours.
- 2. Flexibility: You can avail the loan immediately and repay later, regardless of your nationality.
- 3. Instant Cash Withdrawals: Support for accounts from major UAE banks such as Emirates NBD, First Abu Dhabi Bank, Mashreq, ADCB Bank, and RAK Bank.
- 4. Secure: Your privacy is protected. Take a selfie and submit the document in the app to confirm your identity.
5. Simple Requirements :
- Emirates ID
- Personal bank account
- Age 20 to 55 years
- UAE resident
6. Loan Amount and Repayment :
- Loan Amount : AED 500 to AED 10,000.
- Repayment Tenure : 91 to 180 days, depending on your financial plan.
- Interest Rate : 25% per annum plus 5% processing fee. The maximum APR can be up to 35.9%, which will be clearly shown on the app.
Example:
Loan of AED 3,000, with a tenure of 180 days and an interest rate of 25%:
Here is the table with the provided details:
| Item | Amount |
|---|---|
| Monthly payment | AED 562.50 |
| Total interest | AED 375.00 |
| Processing Fee | AED 150.00 |
| Total payment | AED 3,375.00 |
| APR | 35% |
Get Cash Loan : Through the CashNow app you can get cash loans directly into your bank account, which is different from Buy Now, Pay Later (BNPL) platforms like Tabby or Tamara.
More information and customer support:
Here is the table with the provided contact details and app download link:
| Contact Detail | Information |
|---|---|
| [email protected] | |
| 0097150-9783342 | |
| @CashNow | |
| Address | 2312, Addax Office Tower, Al Reem Island, Abu Dhabi, U.A.E |
| App Download Link | CashNow App |
2. LNDDO App
LNDDO is a digital lending platform that provides quick and simple loans to small and medium enterprises (SMEs) in the UAE and MENA region.
This app provides loans to meet your business needs without any complicated process.
How to take loan via LNDDO App
- Download LNDDO’s app, which is available on both iOS and Android platforms.
- Sign up to the app and enter your business information. You don’t need any complicated documents.
- Submit some basic documents, such as your identity and business information.
- Get a loan approval decision within minutes of application.
- After approval, the loan amount will be transferred to your bank account within a week.
Key Features:
- 1. Easy and Quick Application :
The application process with LNDDO is simple and quick. The decision is taken within a few minutes.
- 2. No Collateral Required :
You do not need any property to get the loan.
- 3. Economic Education :
LNDDO helps your business have better financial understanding and planning.
- 4. Loan Comparison and Budgeting Tools:
The app includes loan comparison and budgeting tools.
- 5. Digital Service :
The entire process is online, giving you loan facility anywhere and anytime.
- 6. Flexible Repayment Options :
Loan repayment plan can be adjusted as per your budget.
- 7. Loan Amount:
LNDDO provides loans ranging from USD 5,000 to USD 100,000 to small and medium businesses.
- 8. Time Period:
The repayment period of the loan can range from 6 months to 24 months.
- 9. Interest Rate:
Interest rate information is obtained when applying through the app. LNDDO’s interest rates are competitive.
Eligibility:-
- Business Period: Your business must have been in operation for at least 12 months.
- Nature of Business: Digital and technology forward businesses are preferred.
- Other Terms: Eligibility is determined based on the financial condition of your business and other criteria.
More information and contact:
Here is the table with the provided website and email details:
| Contact Detail | Information |
|---|---|
| Website | www.lnddo.com |
| [email protected] |
LNDDO provides fast and hassle-free loans to small businesses, which is especially useful for post-pandemic challenges.
3. Credy Loan
Credy Loan is a leading loan application in UAE that offers personal loans, credit card financing, and business loans.
This app is designed with a user-friendly interface and is known for quick loan disbursement.
Key Features
- Credy’s app is simple and easy to use, making it extremely convenient to apply for a loan.
- After loan approval, the amount is transferred to your bank account within a few minutes.
Loan repayment plans are quite flexible, allowing you to make repayments as per your convenience. - Credy offers a variety of loan options, including personal loans, credit card loans, and business loans.
The process of applying for the loan is very straightforward and quick.
Loan Amount
Time Period
Loan repayment period ranges from 6 months to 36 months. This period can be adjusted depending on your convenience and loan amount.
Interest Rate
Interest rates usually range between 15% to 30% per annum. Specific interest rates are determined at the time of loan application.
Eligibility
- Age: 21 years and above.
- Residency: Legal resident of UAE.
- Income: Source of steady income (monthly salary or regular income from business).
- Credit Score: A good credit score is required, although in some cases a lower one may be accepted.
More information and contact:
| Contact Detail | Information |
|---|---|
| Website | Credy |
| Contact | Contact customer service through the app or visit the website. |
Credy offers a convenient and quick loan solution in UAE, helping users meet their financial needs.
4. Cash U
CashU is a popular loan app in the UAE known for its user-friendly interface and flexible repayment options. This app simplifies financial decisions and claims that it is secure and handles your funds under the right regulatory rules.
Key Features
- CashU’s app is very simple to use, making it easy to apply for and manage loans.
- CashU offers various repayment plans, so you can plan to repay the loan as per your convenience.
- The app adheres to security standards and manages your financial transactions securely.
Loan Amount
CashU loan amounts typically range from AED 1,000 to AED 50,000. This amount depends on your financial profile and requirement.
Tenure
The repayment period of the loan can range from 6 months to 24 months. This period can be adjusted as per your convenience and loan amount.
Interest Rate
CashU’s interest rates are competitive and typically range between 12% to 25% per annum. To know the correct interest rate, you will receive specific information when you apply on the app.
More information and contact:
| Parameter | Details |
|---|---|
| Website | CashU |
| Contact | Contact customer service through the app or visit the website. |
CashU offers a convenient and secure loan solution in UAE, helping you meet your financial needs.
5. Mashreq UAE
Mashreq UAE is a leading loan application known for its latest technology and convenient loan options. The app offers quick cash loans to individuals and small enterprises with flexible repayment plans and customer loyalty programs.
Key Features
- Mashreq loan approval process is quick, so you can get the loan quickly.
- Loan repayment plans can be adjusted as per your convenience, making repayment easy.
- Mashreq offers a loyalty program that rewards users with points on various activities, which can be used for future benefits.
Mashreq UAE Bank Loan Amount
Mashreq offers personal loan amounts from AED 5,000 to AED 500,000. Even for small enterprises, the loan amount is usually in this range, depending on the needs and financial profile of the enterprise.
Mashreq UAE Bank Tenure
The repayment period of the loan can range from 6 months to 60 months. This period depends on your loan amount and repayment capacity.
Mashreq UAE Bank Interest Rate
Mashreq's interest rates are competitive and typically range between 6% to 18% per annum. The exact interest rates are decided based on your credit profile and loan amount.
More information and contact:
| Parameter | Details |
|---|---|
| Website | Mashreq Bank Site |
| Contact | View contact details on the website for customer service or contact customer support through the app. |
Mashreq is an effective option for providing UAE loan solutions, offering quick loan approval and flexible repayment plans as well as loyalty rewards.
6. Emirates NBD
Emirates NBD is a leading bank in the UAE that offers quick cash loans. The app offers personal loans and claims to approve loan applications within 24 hours.
Loan Amount :
- Emirates NBD offers you loans ranging from AED 5,000 to AED 200,000. This loan amount depends on your credit profile and financial situation.
Tenure :
- The repayment period of the loan usually ranges from 12 months to 60 months. The tenure depends on your loan amount and repayment capacity.
Interest Rate
- Emirates NBD interest rates can be up to 14.99% per annum. This rate may be slightly higher than other banks, which may affect the cost of your loan.
More information and contact:
| Parameter | Details |
|---|---|
| Website | Emirates NBD Site |
| Contact | See contact details on the website for customer service or contact customer assistance through the app. |
Emirates NBD is a reliable option that offers quick loan acceptance and large loan amount, although its high interest rates are noticeable.
7. Citibank UAE
Citibank is a leading bank in the UAE that offers various loan options. Citibank claims that the app offers an affordable loan solution with competitive interest rates and zero processing fees.
Loan Amount
- Citibank UAE offers a variety of loans, including personal loans, home loans, and car loans. Personal loan amounts typically range from AED 5,000 to AED 200,000, depending on your credit profile and financial situation.
Tenure
- The repayment period of the loan can range from 6 months to 60 months. The tenure is determined based on your loan amount and repayment capacity.
Interest Rate
Citibank’s interest rates are competitive and typically range between 5% to 15% per annum. Interest rates may vary depending on your credit profile and loan amount. There is no cost for processing fees.
More information and contact:
| Parameter | Details |
|---|---|
| Website | Citibank UAE Site |
| Contact | View contact details on the website for customer service or contact customer support through the app. |
Citibank UAE offers a reliable and affordable loan solution with its competitive interest rates and zero processing fees, and its special focus on financial and personal data security.
8. Payit Loan
Payit is a popular loan app that offers fast loan approval and customizable loan options in UAE. The app offers convenient loan solutions for personal and business expenses.
Loan Amount
Payit offers various loan options, available for both personal and business expenses and investments. The loan amount typically ranges from AED 1,000 to AED 100,000, depending on your budget and the nature of the loan.
Tenure
The loan repayment period can range from 6 months to 36 months depending on the loan amount and your financial situation. This helps in adjusting the loan as per your repayment capabilities.
Interest Rate
Payit’s interest rates are competitive and typically range between 10% to 20% per annum. The specific interest rate information you receive at the time of application depends on your credit profile and loan amount.
More information and contact:
| Parameter | Details |
|---|---|
| Website | Payit Site |
| Contact | Contact customer service through the app or visit the website. |
Payit provides quick and adaptable loan solutions in the UAE, offering guides and easy loan repayment options to help users make financial decisions.
9. RakBank
RakBank , or National Bank of Ras Al Khaimah, is a major bank that provides a range of financial services in the UAE, including quick cash loans. Its app is specifically designed to help with money management and financial planning, and also offers loans for small businesses and individuals.
Loan Amount
RakBank offers a variety of loans, including personal loans and business loans. Personal loan amounts typically range from AED 5,000 to AED 200,000, while business loan amounts depend on the needs and credit profile of the business.
Tenure
The loan repayment period can range from 6 months to 48 months for personal loans. For business loans, the tenure depends on the needs of your business and the loan amount.
Interest Rate
RakBank’s interest rates are competitive and typically range between 6% to 12% per annum. Interest rates may vary depending on your loan type, amount and credit profile. You receive specific interest rate information at the time of application.
More information and contact:
| Parameter | Details |
|---|---|
| Website | RakBank Site |
| Contact | Contact customer service through the app or visit the website. |
RakBank’s app simplifies financial management in the UAE and facilitates better money management using instant loan services as well as AI and educational tools.
10. Liv Bank
Liv Bank is a popular banking app that offers instant cash loans in the UAE. This app offers small loans, which can be ideal for managing daily expenses.
Loan Amount:
Liv Bank usually offers loans ranging from AED 1,000 to AED 20,000. It is suitable for small loan needs, such as for daily expenses or emergent needs.
Tenure
The repayment period of the loan can range from 12 months to 48 months. Users can adjust the repayment plan as per their convenience and loan amount.
Interest Rate:
Liv Bank’s interest rates are 8.99% per annum. This rate is considered competitive compared to other banks and allows users to avail loans at a lower cost.
Quick Approval
Liv Bank makes the loan approval process quick, and usually takes a decision within a few days of application. After approval, the loan amount is quickly transferred to your bank account.
More information and contact:
| Parameter | Details |
|---|---|
| Website | Liv Bank Site |
| Contact | Contact customer service through the app or visit the website. |
Liv Bank’s app facilitates users to get quick and simple loans, allowing them to easily meet their small financial needs.
11. Tabby
Tabby is an exclusive cash loan app that offers loans for purchasing expensive gadgets or electronics in UAE. This app offers a unique offering that allows users to make payments in easy installments.
Loan Amount:
Tabby is commonly used for purchasing expensive items, such as electronics or gadgets. You can pay only one fourth (25%) of the total purchase amount upfront and repay the remaining amount in easy installments. This amount depends on the price of your purchase and your credit profile.
Tenure:
Tabby gives users a period of four months (120 days) in which you can repay the entire amount. You can repay your installments any time during this period.
Interest Rate:
Tabby offers interest-free payment options. This means you do not have to pay any additional interest on the total loan amount, making it a cost-effective option.
Quick Approval:
Tabby’s approval process is quick, and you usually get loan approval within minutes.
More information and contact:
| Parameter | Details |
|---|---|
| Website | Tabby Site |
| Contact | Contact customer service through the app or visit the website. |
Tabby offers a simple and flexible loan option for the purchase of your expensive gadgets or electronics, allowing you to pay in easy installments and without interest.
12. ADCB Hayyak
ADCB Hayyak is a popular loan app that provides quick and convenient loans in UAE. The app allows users to complete the loan process with the click of a button and get the loan amount instantly transferred to their account.
Loan Amount:
ADCB Hayyak loan amount can range from AED 5,000 to AED 500,000. This amount depends on your financial situation and credit profile.
Tenure
Loan repayment period ranges from 12 months to 60 months. You get the option to select the tenure based on your convenience and loan amount.
Interest Rate:
ADCB Hayyak’s interest rates are competitive and typically range between 6% to 10% per annum. To know the exact interest rate, you will receive details when applying through the application.
Instant Approval and Fund Transfer:
Once the application is reviewed, the loan will be approved and the amount will be transferred to your ADCB account instantly.
More information and contact:
| Parameter | Details |
|---|---|
| Website | ADCB Site |
| Contact | Contact customer service through the app or visit the website. |
ADCB Hayyak fully caters to your loan needs, so you can get the loan easily and fast. It is a simple and quick solution that helps you meet your financial needs.
13. E& Money Loan
E& Money is a highly effective loan app in UAE that provides quick and seamless loan services. Through this app you can get a loan quickly and fulfill your financial needs without any hassle.
Loan Amount:
E& Money loan amount usually ranges from AED 1,000 to AED 50,000. This amount depends on your credit profile and financial situation.
Tenure:
The repayment period of the loan can range from 6 months to 36 months. This tenure can be adjusted as per the loan amount and monthly budget chosen by you.
Interest Rate:
E& Money’s interest rates are competitive and typically range between 10% to 20% per annum. To know the specific details of the interest rate you will receive information while applying through the application.
Documents:
Identity card (Emirates ID), passport, visa, and income certificate (bank statement or salary slip) are required.
Instant Approval and Fund Transfer :
After review of the application, the loan is approved and the amount is transferred to your bank account instantly.
More information and contact:
| Parameter | Details |
|---|---|
| Website | E& Money Site |
| Contact | Contact customer service through the app or visit the website. |
E& Money offers a seamless and fast loan solution, allowing you to meet your financial needs with ease. This app makes your loan availing process simple and hassle-free.
14. Payby Mobile Payment Loan
Payby UAE Mobile Payment is an extremely convenient loan app that integrates mobile payments directly into its loan process. This app provides a new way to get quick and seamless loans in UAE.
Loan Amount:
The loan amount availed through Payby app can usually range from AED 500 to AED 20,000. This amount depends on your credit profile and financial situation.
Tenure:
The repayment period of the loan can range from 3 months to 24 months. This can be adjusted as per the loan amount and your repayment capacity.
Interest Rate:
Payby’s interest rates are competitive and typically range between 10% to 25% per annum. You will receive information about the specific interest rate during the application process.
Instant Approval and Fund Transfer:
Once the application is reviewed, the amount is transferred directly to your mobile wallet once the loan is approved, making the money available quickly.
More information and contact:
| Parameter | Details |
|---|---|
| Website | Payby Site |
| Contact | Contact customer service through the app or visit the website. |
Payby Mobile Payment is a great option for quick financial assistance in UAE, transferring money directly to your mobile wallet, making the process of receiving money extremely easy and fast.
15 Simplylife Loan App
Simplylife is a leading loan app in UAE that offers instant cash loans. The app offers priority call-back service in emergencies and flexibility for loan repayment. Here is the loan information:
Loan Amount:
Through Simplylife you can get loans ranging from AED 1,000 to AED 500,000. For higher loan amounts, you have to transfer your salary through this platform.
Tenure:
The repayment period of the loan can range from 1 year to 4 years. This tenure can be adjusted according to your loan amount and your repayment capacity.
Interest Rate :
Interest rates usually range between 12% to 25% per annum. However, the specific interest rate is determined at the time of your application.
Quick Help:
To get priority call-back service in emergencies, text ’emergency’ to 2626.
More information and contact:
| Parameter | Details |
|---|---|
| Website | Simplylife Site |
| Contact | Contact customer service through the app or visit the website. |
| Description | Simplylife offers quick and flexible loan solutions in UAE, which comes with quick assistance in emergencies and loan repayment facility with no extra charges. |
16. FinBin Loan App
FinBin is a leading loan app that provides quick and affordable cash loans in UAE. The specialty of the app lies in its advanced algorithm that quickly evaluates loan eligibility and provides the optimal offer for you. Here are the details of FinBin loans:
Loan Amount:
FinBin offers a variety of loans, including personal and business loans. Generally, the loan amount ranges from AED 1,000 to AED 100,000, depending on your need and eligibility.
Tenure:
The repayment period of the loan can range from 6 months to 36 months. The selection of tenure depends on your loan amount and repayment capacity, thereby providing you convenience in repaying the loan.
Interest Rate:
FinBin’s interest rates are competitive and typically range between 10% to 25% per annum. Exact interest rates are determined based on the timing of your application and the specifics of the loan.
Quick Decision:
FinBin’s advanced algorithm will rapidly evaluate your application and provide you with loan approval information.
More information and contact:
| Parameter | Details |
|---|---|
| Website | FinBin |
| Contact | Contact customer service through the app or visit the website. |
FinBin is a user-friendly loan app in UAE that offers quick loan approval and flexible repayment options, helping users get a cash loan with ease.
17. Cash App Loan App
Cash App is a popular loan app in UAE that offers personal loans, business loans, and credit card refinancing. The app’s simple application process and quick loan approval make it a convenient option. Here is the information about Cash App loan:
Loan Amount:
- Cash App Offers different types of loans:
- Personal Loan: Typically from AED 1,000 to AED 50,000.
- Business Loan: AED 5,000 to AED 100,000.
- Credit Card Refinancing : As per the outstanding amount of various credit cards.
Tenure:
The repayment period of the loan can range from 6 months to 36 months. The selection of tenure depends on the loan amount and repayment capacity of the user.
Interest Rate:
Cash App interest rates are competitive and typically range between 12% to 28% per annum. Exact interest rates are based on your loan features and credit profile.
Quick Decision:
After review of the application, you will receive a loan approval notification and the loan amount will be quickly credited to your account.
More information and contact:
| Parameter | Details |
|---|---|
| Website | Cash App |
| Contact | Contact customer service through the app or visit the website. |
Cash App provides an easy and quick loan solution in UAE, making it simple and convenient to avail cash loan for personal and business needs.
18. IOU Financial Loan App
IOU Financial is a popular loan app that offers instant cash loans in UAE. Its user-friendly design and advanced algorithms provide instant assessment of loan eligibility, thereby providing you instant cash loan without any delay.
Loan Amount:
IOU Financial offers both personal and business loans:
- Personal Loan : Typically from AED 5,000 to AED 100,000.
- Business Loan: AED 10,000 to AED 500,000, depending on business needs and credit profile.
Tenure
The loan repayment period depends on the loan amount and the financial position of the user:
- Short-Term Loan: From 6 months to 12 months.
- Long-Term Loan : From 12 months to 60 months.
Interest Rate:
Interest rates are competitive and may vary depending on loan type and tenure:
- Usually between 12% to 25% per annum.
Quick Approval:
After review of the application, you will receive a loan approval notification and the loan amount will be quickly transferred to your account.
More information and contact:
| Parameter | Details |
|---|---|
| Website | IOU Financial Site |
| Contact | Contact customer service through the app or visit the website. |
IOU Financial offers quick and convenient loan solutions in UAE, allowing you to meet your financial needs with ease.
19. Flex Loan App
Flex is a new and increasingly popular loan app that offers instant cash loans in UAE. This app allows users to get a loan quickly, and has a simple and transparent process.
Loan Amount:
Flex offers users loan amounts ranging from AED 1,000 to AED 10,000. This loan amount is suitable for personal needs and may also be available for business loans, although the amount depends on various circumstances.
Tenure:
Loan repayment period depends on the loan amount and the capacity of the user:
- Generally tenures available range from 6 months to 24 months.
Interest Rate:
Flex interest rates are competitive and depend on your loan amount and tenure:
- Usually between 12% to 20% per year. Interest rates can be checked at the time of application on the app for exact information.
4. Quick Approval :
After review of the application, you will receive a loan approval notification and the loan amount will be transferred to your account within a day.
More information and contact:
| Parameter | Details |
|---|---|
| Website | More information can be found on Flex’s website or app. |
| Contact | Contact customer service through the app. |
Flex provides a user-friendly and instant loan solution, making it easy to avail cash loans for business and personal needs in UAE.
20. EZ Money Loan App
EZ Money is a user-friendly and simple loan app that provides instant cash loans in UAE. The app lets both residents and tourists get cash loans, and its simple interface makes it easy for users to get and manage the loan.
Loan Amount:
EZ Money offers loan amounts from AED 1,000 to AED 10,000 in UAE. This amount is suitable for the individual needs of individuals and may also be available to small businesses.
Tenure:
The repayment period of the loan generally depends on the loan amount and the capacity of the user:
- Tenures generally available range from 6 months to 24 months.
3. Interest Rate:
EZ Money interest rates are competitive and depend on your loan amount and tenure:
- Interest rates usually range between 10% to 18% per annum. Information regarding exact interest rate can be obtained at the time of application.
Quick Approval :
After review of the application, you will receive a loan approval notification and the loan amount will be quickly credited to your bank account.
More information and contact:
| Parameter | Details |
|---|---|
| Website | More information can be found on EZ Money’s website or app. |
| Contact | Contact customer service through the app. |
EZ Money provides a simple and quick loan solution in UAE, giving users the ease of availing and managing a cash loan.
Comparison of UAE Loan App
Here is a comparison table presented with the interest rate and time period of all the apps:
| Loan App | Loan Amount | Time Period | Interest Rate |
|---|---|---|---|
| Cash Now | From AED 500 to AED 10,000 | 91 to 180 days | 25% per annum plus 5% processing fee (APR 35.9%) |
| LNDDO | USD 5,000 to USD 100,000 | From 6 months to 24 months | Competitive interest rates (available on app) |
| Creddy Loan | From AED 1,000 to AED 100,000 | From 6 months to 36 months | 15% to 30% per annum |
| Cash U | From AED 1,000 to AED 50,000 | From 6 months to 24 months | 12% to 25% per annum |
| FinBin | From AED 1,000 to AED 50,000 | Not specified | The interest rate is shown on the app. |
| Cash App | From AED 1,000 to AED 50,000 | Not specified | The interest rate is shown on the app. |
| IOU Financial | USD 5,000 to USD 100,000 | From 6 months to 24 months | The interest rate is shown on the app. |
| Flex | From AED 1,000 to AED 10,000 | Up to 1 day | The interest rate is shown on the app. |
| EZ Money | From AED 500 to AED 10,000 | 91 to 180 days | 25% per annum plus 5% processing fee (APR 35.9%) |
| Mashreq UAE | Depends | Not specified | The interest rate is shown on the app. |
| Emirates NBD | Depends | Not specified | The interest rate is shown on the app. |
| Citibank UAE | Depends | Not specified | The interest rate is shown on the app. |
| Payit | Depends | Not specified | The interest rate is shown on the app. |
| RakBank | Depends | Not specified | The interest rate is shown on the app. |
| Liv Bank | Depends | Not specified | The interest rate is shown on the app. |
| Tabby | From AED 500 to AED 10,000 | Up to 4 months | Interest free |
| ADCB Hayyak | Depends | Not specified | The interest rate is shown on the app. |
| E&Money | From AED 1,000 to AED 10,000 | Not specified | The interest rate is shown on the app. |
| Payby Mobile Payment | From AED 500 to AED 10,000 | Not specified | The interest rate is shown on the app. |
| Simplylife | AED 500 to AED 500,000 | Up to 4 years | The interest rate is shown on the app. |
This table summarizes the interest rate and tenure of each loan app in one place, making it easy to compare.
FAQs: Questions Related to Instant Loan Apps In UAE
1. What is Instant Loan App?
Instant Loan App is a mobile app that can be downloaded from Google Play or App Store and it provides instant personal loan with less documentation required.
2. How big a loan can I apply for?
The maximum loan amount varies depending on the app, but typically you can take a loan up to AED 50,000.
3. What are the best instant loan apps in the UAE?
Popular instant loan apps include CashNow, LNDDO, Credy Loan, CashU, FinBin, Cash App, IOU Financial, Flex, EZ Money, and others.
4. How quickly can I get a loan using these apps?
Most instant loan apps offer quick disbursement, often within minutes to a few hours after approval.
5. What is the typical loan amount available through these apps?
Loan amounts can range from AED 500 to AED 500,000, depending on the app and your eligibility.
6. What is the average interest rate for instant loans in the UAE?
Interest rates typically range from 12% to 35.9% APR, varying by app and your credit profile.
7. Are there any processing fees for using these loan apps?
Yes, processing fees usually range from 2% to 5% of the loan amount, with additional charges potentially applicable.
8. Can I apply for a loan if I am a tourist in the UAE?
Some apps may offer loans to tourists, but most require you to be a resident. Verify specific eligibility criteria for each app.
9. What documents are needed to apply for an instant loan?
Commonly required documents include a valid ID, proof of residence, proof of income, and sometimes bank statements.
10. What is the typical repayment period for loans from these apps?
Repayment periods usually range from 6 months to 4 years, depending on the loan amount and type.
11. Can I prepay my loan without penalties?
Many apps allow early repayment without penalties, but it’s important to check the specific terms and conditions.
12. What happens if I miss a loan payment?
Missing a payment can lead to penalties, increased interest rates, and a negative impact on your credit score. Contact customer service to discuss your options.
13. Are instant loan apps secure?
Reputable apps use encryption and secure technologies to protect your personal and financial data. Ensure the app is from a trusted provider.
14. Can I apply for loans from multiple apps simultaneously?
Yes, but managing multiple loans requires careful planning to avoid financial strain and potential negative impacts on your credit score.
15. What should I do if I encounter issues with the loan app?
Contact customer support through the app’s provided channels, such as email, phone, or chat, for assistance.
16. Are there any hidden fees with these loan apps?
Transparent apps list all fees and charges upfront. Always review the terms and conditions to avoid unexpected costs.
17. How do I manage my loan through the app?
Most apps offer features to manage your loan, including checking balances, making payments, and viewing payment history.
18. How can I choose the best instant loan app for my needs?
Compare loan amounts, interest rates, repayment terms, fees, and user reviews to select the app that best fits your financial needs.
19. What is the application process like for these loan apps?
The process typically involves downloading the app, signing up, filling out the application, submitting necessary documents, and waiting for approval.
20.Can I get a loan if I have a low credit score?
Some apps may offer loans to individuals with lower credit scores, but the terms may be less favorable. Check each app’s credit requirements for details.
Last Words
Quick cash loan apps are becoming increasingly popular in the UAE, especially for those who need money urgently. These apps offer various loan options, simplify the application process and give quick approval times. If you face any problem in taking a loan or you want to ask us any question, then comment below, you will get a reply within 2 hours, apart from this, please like this post also.
