While there are many Instant Loan App in UAE, it’s important to be cautious as they typically require some verification of your ability to repay the loan. Having a salary is often a factor. However, there are a few options that might be worth considering:
- Apps with Relaxed Requirements: Some apps, like IOU, may be more lenient on documentation compared to traditional lenders. However, they might still ask for alternative verification methods or offer smaller loan amounts.
- Cash Advance Apps: These apps, like FlexxPay, might not be traditional loans but can provide access to a portion of your already earned income if your employer partners with them.
- Banks: Emirates NBD offers a short-term cash loan option that might have a lower interest rate than some apps.
Instant Loan App in UAE Without Salary
It is important to note that getting a loan without a salary can be risky. Lenders typically assess your ability to repay the loan based on your income. Without a salary, you may be facing high interest rates and fees. That being said, here are a few options for Instant Loan App in UAE that may not require salary verification:
Important Considerations:
- Always check the terms and fees: These apps can have high-interest rates and short repayment periods. Make sure you understand the charges before you borrow.
- Borrow only what you can repay: Missing a payment can damage your credit score and lead to additional fees.
- Explore alternatives: Consider other options like selling unused items or asking a friend or family member for a loan before using a loan app.
Instant Loan App in UAE
1. CashNow
This app offers instant personal loans up to AED 1,500 with a quick and easy application process. Download Cashnow App and finish easy application to get instant cash loan
WHY CASHNOW?
Get quick cash advance credit into your personal bank account at minimal fees and interest rate. We are committed in providing instant cash personal loans to individuals in the UAE and residents from different countries.
Easy Application
All you need is your Emirates ID and a valid mobile number. Simply download the cashnow app and sign up today to get an instant cash advance credit into your bank account or digital wallet instantly within few hours.
Flexible to everyone
Borrow money instantly. Apply for a cash loan regardless of your nationality and pay later.
Get cash fast when you need it
Bank accounts from all major banks licensed by the Central Bank of UAE are supported like Emirates NBD, First Abu Dhabi Bank, Mashreq, ADCB Bank, and RAK Bank.
Secure
Your privacy is very important to Cashnow. Verify your identity with a selfie and submit all the requirements in the app to complete your loan application.
Simple Requirements
✔️ Emirates ID
✔️ Personal Bank account
✔️ Age 20 – 55
✔️ UAE Resident
Loan Amount
Borrow instant cash from AED 500 to up to AED 10,000 based on small or long loan installment plan and your credit score record with us
Accessible Repayment
✔️ 91-180 days based on your budget and financial plan
Affordable and Flexible based on your budget
91 days to 180 days (including renewal) loan term with normal interest rate 25% per year and 5% processing fee deducted from net proceeds ( Fees and interest rates are detailed in CashNow application). The maximum Annual Percentage Rate (APR) you will be charged varies up to 35.9% for qualified users. The APR and loans conditions will be clearly displayed on the app prior to signing the agreement and loan disbursement.
For example: amount of AED 3,000.00 with a limit of 180 days. Interest rate of 25% / year
• The monthly payment is: AED 562.50
• The amount of interest for the entire loan is: AED 375.00
• The processing fee charged is: AED 150.00
• The total payment is: AED 3,375.00
• APR is 35%
Get Instant Loan Immediately
With the Cashnow app, you can get cash loans directly deposited into your bank account, unlike Buy Now, Pay Later (BNPL) platforms such as Tabby or Tamara.
FREQUENTLY ASKED QUESTIONS
How do I apply for a loan and what are the requirements?
Download the CashNow app and sign-up with your mobile number & emirates ID.
2. RAKBANK App
Welcome to a whole new Digital Banking Experience! RAKBANK App offers convenience and security with a host of features & intuitive user experience.
Key features
· Seamless Digital Account opening – Open your account on the app and get your virtual debit card in a few clicks.
· Biometric Login – Login using your Fingerprint or Face ID
· Card Activation – Activate your Debit or Credit card without even logging into the app
· Reset Card PIN – Reset your Debit or Credit Card PIN easily (applicable for eligible cards)
· Multiple Bill Payments – Pay your bills in one go
· Quick View – Easy access to commonly used banking services
· Quicker Funds Transfers – Send money instantly within UAE or use our RAKMoneyTransfer service to send money instantly abroad.
· Mobile Cash – Self or beneficiary card less cash withdrawal using a RAKBANK ATM machine
· Discover and Apply – Learn more and apply for RAKBANK products
· Live Chat – Chat for help or information from within the app
How to register:
Download the RAKBANK app, click Register and follow simple on screen instructions to enter a card or account number along with the PIN to register and start using the app.
Kindly note, this app will not work on jail broken devices.
3. Prime Loans
Get the financial help you need today. We make getting an online loan fast and easy as possible in Dubai, UAE. Apply once and borrow cash with confidence. Pay it off and lend again as often as you need to.
OUR LOAN REQUEST FEATURE.
– Easy loan application process — takes less than 5 minutes.
– Quick and easy approval process.
– Paperless application process on your mobile phone.
– No credit history required.
– Fast credit limit growth — increases every time you repay on time.
HOW IT WORKS
• Easy Sign up
Download the app and create a profile within minutes.
• Request a Loan
Choose the desired cash amount and how long you want to borrow.
• Loan Repayment Calculator
Check the interest rate of the borrowed amount. No other fees are charged.
• Receive Money
Once your loan is confirmed, the money is transferred straight to your line of credit speedily.
• Repayment
Make full or spread repayments over up to 12 months.
Remember the more you payback on time, the more you can borrow.
WHO CAN APPLY
Any person 18+ years old holding a valid ID and a mobile number.
A citizen of United Arab Emirates, Saudi Arabia and Qatar.
Have ability to repay.
• Loan Amount: AED 1000 – AED 6000
• Tenure: 91 – 365 days
• Maximum Annual Percentage Rate (APR): 48% per year
We provide unsecured mobile loans from AED 200 toAED 2,000 with flexible payback period from 91 days to 365 days and interest rate from 3% to 18% per year. The minimum Maximum Annual Percentage Rate (APR) is 20 % and maximum APR is 48% per year.