You will think there are no instant loan apps in UAE, but that is a lie. There are a lot of urgent cash loan in UAE. These urgent cash loan apps UAE can save you from financial downtime and get you back on the ground as the United Arab Emirates currently have one of the best economy which makes things work.
It is not like there are the type of quick cash loan apps that would start threatening you which is very rare compared to these fake loan apps. There are quick cash loan apps in UAE that give you access to urgent cash in UAE without the stress of submitting physical documentation or visiting a physical location. These loan apps can be accessed by smartphones, tablets, or desktops. The good thing about this app is that it is 100% online, and you can easily access it anywhere in the UAE.
This article will explore the top 15 urgent cash loans in UAE. Note that these cash loan apps have unique terms and conditions and modes of operation. So, ensure not to mistake one for the other.
What are Instant Loan Apps in UAE?
Instant loan apps in the UAE allow individuals to apply for and receive loans quickly and conveniently through smartphones. These apps streamline the loan application process, often allowing you to complete the entire process online without needing physical documentation or visits to a physical location or branch.
Critical features of instant loan apps in the UAE may include:
- Online Application: Users can fill out loan applications directly within the app, providing necessary information and documents electronically.
- Quick Approval: These apps typically offer a faster approval process than traditional banking methods. Some may even provide instant or near-instant approval decisions.
- Digital Verification: Many apps use digital methods for identity verification and credit assessment instead of physical documentation.
- Flexible Loan Amounts: Depending on the app and the user’s eligibility, loan amounts can vary, and you can choose the part you need within the app’s specified limits.
- Various Loan Types: These apps may offer different types of loans, including personal loans, salary advances, and other forms of credit.
- Convenient Repayment Options: You often make repayments through the app itself, with options like bank transfers, debit card payments, or other online payment methods that are more convenient.
Top 15 Urgent Cash Loans in UAE (Quick Cash Loan Apps UAE)
If you are in urgent need of cash, below are the best quick cash loan apps in UAE.
1. IOU
One of the best urgent cash loans in UAE is IOU. It offers instant cash and does not require much documentation. It has a friendly User Interface that is easy to use. You can easily apply for a loan, get approval, and have your money disbursed.
Also, IOU offers a business loan, and for you to be eligible, you must have a business running for up to a year and own 80% of the business. Also, your business’s annual revenue should be $120,000 or more.
This quick cash loan app UAE uses technology to partner with other brokers which makes it services readily available to customers.
2. Emirates NBD
Emirate NBD Short Term Cash Loan is one of the top financial platforms where you can access urgent cash loan in UAE. To access a loan on this platform, your salary must be a minimum of AED 5000 with a flat rate of 2.3% and a reducing rate of 4.99%.
The repayment loan term is 24 months, and you must make regular payments. Loans collected can be used for rent, medical charges, school fees, and credit card debt.
One of their fastest selling point is their interest rates which claims to be one of the best in UAE for everyone even without a credit check.
3. Now Money
NOW Money is one of the best quick cash loan apps UAE designed explicitly for low-income earners and gives them access to loans up to AED 2,000.
The funding duration is almost immediate. You don’t need much documentation to access the loan, and the application process is easy and hassle-free.
4. CashNow
CashNow is a safe pick if you are looking for an urgent cash loan in UAE. With CashNow, you can access a quick personal loan of up to AED 5000 without stress.
After approval, you will get disbursed within an hour. The repayment term is up to 6 months, and it’s flexible. You don’t have to worry about hidden fees when using this app, as the interest fee is stated clearly.
5. ADCB
If you are looking for an urgent cash loan in UAE, ADCB is a good choice. With ADCB, you can get a personal loan in just 10 minutes. The fantastic thing about this app is that it provides a bonus of 50,000 and a 50% discount on processing fees.
You can get up to 100,000 AED, and the interest rate and repayment plan are reasonable. It is not too pricey.
6. Credy Loan
Credy is a reliable quick cash loan apps UAE that offers comprehensive loan options that include personal loans, business loans, and credit card refinancing of up to 50,000 AED with a funding duration of 24 hours.
Credy offers a straightforward loan application process with no hidden fees or charges.
7. HSBC
HSBC 12 Month Personal Loan is a top financial institution offering urgent cash loans in UAE. Your earnings must be more than AED 10,000 to be eligible. Also, you must be a UAE resident between the ages of 21 to 65 years.
You must have a current HSBC account and present your salary transfer. Your profile will determine your loan rates and the repayment terms are 12 – 48 months. Additionally, it is known for its quick loan approval.
8. FAB Quick Cash from Credit Card
Are you looking to get an urgent cash loan in UAE? FAB Quick Cash can be a safe pick. Up to 90% of the credit limit on the card is provided as a loan, and you can quickly transfer the cash to your bank account. Additionally, the loan interest is competitive.
From the FAB mobile app, you can request for your credit card and once you receive it, you can always use it to request for urgent quick loan in UAE.
9. CashU Loan
CashU is one of the significant quick cash loan apps in UAE that offers various types of loans that can be easily customized to meet your needs. The application process is easy, and you will get funded within 24 hours after you have been approved. Its loan terms and conditions are clearly stated in the app.
10. FinBin Loan
FinBin Loan is one of the top user-friendly quick cash loan apps UAE that offers urgent cash loans with a funding term of 24 hours. You can get up to 60,000 AED; the repayment plan is convenient and flexible.
11. RAKBank Quick Cash Loan
RAKBank Quick Cash Loan is one of the most convenient financial institutions where you can get an urgent cash loan in UAE. You can borrow up to AED 150,000 with a maximum loan term of 48 months.
However, this platform is only open for expats and salaried customers, and salary transfer is not required.
12. Najm Quick Cash Loan on Credit Card
This financial platform offers your urgent cash loan in UAE without requiring documentation. You can quickly get a loan using your phone, and it provides 80% of the credit limit as a cash loan. Also, you can get the cash credited directly to your account, and the repayment plan is 3 to 36 months.
13. FlexxPay
FlexxPay is an excellent choice of quick loan app UAE where you can borrow up to AED 10,000. You can get funded within a day, and the application process is straightforward.
Just like a list of other pay-on-demand apps, FlexxPay works as a business-to-business and business-to-client service where employers sign up on the platform and give their employees access to credit facilities via FexxxPay.
14. EZ Money
If you are a citizen or visitor needing an urgent cash loan in UAE, EZ Money is an excellent quick cash loan app UAE to access where you can get up to AED 10,000 stress-free.
The loan gets disbursed directly to your bank account after approval. This loan app is easy to use and free of complications.
15. Mashreq
Mashreq is a safe financial platform that offers access to personalized urgent cash loans in the UAE. This loan can be used for various purposes, such as for educational expenses, holiday planning, or home renovations.
The loan approval time is usually 5 minutes, and you can borrow up to 20 times your salary. For expatriates, the maximum is AED 1 million and Emirates AED 3 million.
How to Get Instant Loan in UAE
Getting an instant loan in the UAE involves a straightforward process and is not complicated. Below are the steps on how to get an instant loan in UAE.
Step 1: Choose a Reputable Loan App or Financial Institution:
Research and select a reputable quick cash loan apps UAE that offers instant loans. Ensure the app or institution is licensed and regulated by the relevant authorities.
Step 2: Download the App
Download it from the Google Play Store (Android) or Apple App Store (iOS).
Step 3: Create an Account
Register for an account on the app or website. You’ll be asked to provide your personal information and contact details and create login credentials.
Step 4: Complete the Loan Application:
Log in to your account and start the loan application process. You’ll need to provide your income details, employment information, and the loan amount you need.
Step 5: Submit Required Documents
Depending on the lender’s requirements, you may need to upload certain documents. Commonly required documents include Emirates ID, passport copy, salary certificate, and bank statements.
Step 6: Wait for Approval:
The lender will review your application and documents. Sometimes, you may receive an instant approval decision, while others may take longer to process.
Step 7: Accept the Loan Offer
If your application is approved, you will receive a loan offer detailing the loan amount, interest rate, repayment terms, and associated fees. Review the request carefully and accept it if you agree with the terms.
Step 8: Receive Funds
Once you accept the loan offer, the funds will be disbursed to your bank account. The time it takes to receive the money can vary, but it is often quick with quick cash loan apps UAE.
Step 9: Repay the Loan:
Follow the repayment schedule provided by the lender. Most loan apps allow you to make repayments online through the app.
Which App Gives Loan Immediately in UAE?
CashNow is currently the best app to get a loan immediately in UAE. After approval of your loan request, your funds are sent to you within 60 minutes. The repayment terms are up to 6 months, and it’s flexible. You don’t have to worry about hidden fees when using this app, as the interest fee is stated clearly.
Who Can Help Me with Money Urgently in Dubai?
If you need urgent financial assistance in Dubai, there are several options you can explore:
- Family and Friends: Reach out to your family members or close friends who may be willing and able to provide you with financial support during your time of need. This can be one of the quickest and most reliable ways to get assistance.
- Employer: If you are currently employed, consider discussing your situation with your employer or HR department. Some companies may offer their employees salary advances or emergency financial assistance in exceptional circumstances.
- Banks and Financial Institutions: If you have a good credit history and a banking relationship, you can approach your bank to inquire about personal loans, overdrafts, or credit card options for immediate financial relief. Consider the terms and interest rates before taking out any loan.
- Online Lending Platforms: Some online lending platforms and fintech companies may offer quick loans to individuals in Dubai. Some examples of reputable quick loan apps are CashNow, FlexxPay, EZ Money, etc.
- Charities and Nonprofit Organizations: Dubai has several charitable organizations and nonprofits that assist individuals facing financial difficulties. These organizations may offer emergency relief, food assistance, or financial aid. One such organization is the UAE Red Crescent Authority.
Can I Borrow Money in UAE?
Yes, you can borrow money in the United Arab Emirates (UAE) and Dubai. The UAE has a well-established banking and financial sector that offers various types of loans and credit products to residents and eligible individuals. Some common types of loans you can borrow in the UAE are personal, business, car, home, education, credit cards, and salary advances.
Where Can I Get Money Urgently In UAE?
If you need money urgently, there are several options you can explore. One of the best options is to go for quick loan apps, but you must review their terms, conditions, fees, and rates before signing into them. You can also ask your employer, friends or relatives.
What is CashNow in UAE?
CashNow is an urgent cash loan in UAE that gives you access to a quick personal loan up to AED 5000 without stress. After approval, you will get disbursed within an hour. The repayment terms are up to 6 months, and it’s flexible. You don’t have to worry about hidden fees when using this app, as the interest fee is stated clearly.
Where Can I Borrow Money Online in Dubai?
In Dubai, you have various options for borrowing money online. However, it’s essential to approach online borrowing responsibly and know the terms and conditions, interest rates, and repayment schedules associated with these services. The above-stated 15 instant cash loan providers can be accessed online. Carefully review them and go with the one that suits you the best.
How Can I Get Extra Money in UAE?
To get extra money in UAE, you have a lot of options to do that. You can get a loan salary advance or a credit card loan. Also, you can get an extra job or a remote job to add to what you are already doing.
Who Can Help Me with Money in UAE?
If you need money and want help, there are categories of people that can help you. They include your friends and family, employers, charitable organizations, religious organizations, credit unions, NGOs, Banks, Online cash apps, and government assistance programs.
Where to Get Loan in Dubai
Getting a loan in Dubai involves several options, including banks, financial institutions, and online lenders. Here are some common sources where you can obtain a loan in Dubai:
- Traditional Banks: Many established banks in Dubai offer a wide range of loan products, including personal loans, home loans, car loans, and business loans. Some prominent banks in Dubai include Emirates NBD, Dubai Islamic Bank, Mashreq Bank, and Abu Dhabi Commercial Bank (ADCB). You can visit their branches or apply for loans through their online platforms or mobile apps.
- Islamic Banks: For individuals who prefer Sharia-compliant financing, Islamic banks such as Dubai Islamic Bank and Emirates Islamic Bank offer Islamic financing options, including personal Murabaha and home financing (Musharakah and Ijara).
- Online Lenders: Various online lending platforms and financial technology (fintech) companies operate in Dubai, offering personal and installment loans. Examples include Souqalmal, Yallacompare, and Beehive. Be sure to compare interest rates and terms before choosing an online lender.
- Credit Unions and Cooperative Societies: Some credit unions and cooperative societies in Dubai offer loans to their members at favorable terms. These organizations are often community-based and may have specific eligibility criteria.
Conclusion
UAE offers a range of options for obtaining urgent cash loans in UAE. Before applying for a loan, it’s essential to carefully research and compare the terms, interest rates, and repayment conditions of different lenders to find the most suitable option for your financial situation.
Additionally, it’s crucial to borrow responsibly and ensure that you can comfortably manage the repayments. Always be aware of the terms and conditions associated with any loan, and seek financial advice if needed to make informed decisions.
