Loan

How to Get an Urgent Cash Loan in UAE: Best 20 Providers of Urgent Cash Loan in UAE

If you’re living in the UAE and you need cash urgently, you might be wondering how you can get 20 urgent cash loan in UAE. Whether you need money for an emergency, a big purchase, or a personal goal, getting a loan can be a quick and convenient solution. However, getting a loan in UAE can also be challenging, especially if you have bad credit, low income, or no collateral. That’s why you need to know the best options available for you, and how to apply for them successfully.

In this article, we’ll show you how to get 20 urgent cash loan in UAE from various sources, such as instant loan apps, banks, and credit unions. We’ll also answer some of the most frequently asked questions about getting a loan in UAE, and give you some tips on how to manage your loan and repay it on time. By the end of this article, you’ll have a clear idea of how to get 20 urgent cash loan in UAE, and what to expect from the process.

An urgent cash loan in UAE is a type of short-term loan that you can get within minutes or hours, without any collateral, guarantor, or extensive documentation. An urgent cash loan in UAE is also known as a payday loan, a cash advance, or an instant loan, and it is usually offered by online platforms, mobile apps, or private lenders, rather than banks or financial institutions. An urgent cash loan in UAE can help you meet any urgent or unexpected financial needs, such as medical bills, car repairs, home improvements, travel expenses, education fees, or any other personal or business purposes.

Urgent Cash Loan in UAE Benefits

An urgent cash loan in UAE has many benefits, such as:

  • Speed and convenience: You can apply for an urgent cash loan in UAE anytime and anywhere, without visiting a branch or filling out lengthy forms. You can get a loan decision in just a few minutes, and the money in your bank account in just a few hours.
  • Flexibility and simplicity: You can choose the loan amount, repayment term, and interest rate that suit your needs and budget. You can also use the loan for any purpose, without any restrictions or questions.
  • Privacy and security: You can get an urgent cash loan in UAE without any collateral, guarantor, or credit check. You can also keep your personal and financial information confidential and secure, as the lenders use encryption and verification technologies to protect your data.

Urgent Cash Loan in UAE Drawback

However, an urgent cash loan in UAE also has some drawbacks, such as:

  • Cost and risk: The interest rates and fees of an urgent cash loan in UAE are usually higher than those of regular loans. You may also face penalties and charges if you miss a payment or default on the loan.
  • Limitation and regulation: The loan amount and repayment term of an urgent cash loan in UAE are usually lower than those of regular loans. You may also need to meet certain eligibility criteria, such as having a minimum income, a valid UAE ID, and a bank account.

To help you with that, we’ve compiled a list of the best 20 providers of urgent cash loan in UAE, based on the following criteria:

  • The loan amount: The maximum amount of money you can borrow from the provider.
  • The repayment term: The duration of time you have to repay the loan, usually in months.
  • The interest rate: The percentage of the loan amount that you have to pay as interest, usually per annum.
  • The fees: The additional charges that you have to pay for the loan, such as processing fees, late payment fees, or prepayment fees.
  • The eligibility: The minimum requirements that you have to meet to qualify for the loan, such as age, income, credit score, or residency.

We’ve also included the pros and cons of each provider, as well as their contact details and website links. Without further ado, let’s get started.

Best 20 Providers of Urgent Cash Loan in UAE

1. Credy

Credy is one of the most popular and trusted providers of urgent cash loan in UAE. It offers a wide range of loan options, including personal loans, credit card refinancing, and business loans. You can apply for a loan online, through their mobile app, or by visiting their branch. Credy has a fast and easy application process, and you can get the money in your bank account within minutes or hours.

  • Loan amount: Up to AED 250,000
  • Repayment term: Up to 36 months
  • Interest rate: From 4.99% per annum
  • Fees: Varies depending on the loan type and amount
  • Eligibility: You must be a UAE resident, aged 21 or above, with a minimum salary of AED 5,000, a valid Emirates ID, and a good credit score.

Pros:

  • Convenient and accessible: You can apply for a loan anytime and anywhere, without visiting a branch or filling out lengthy forms.
  • Flexible and customizable: You can choose the loan amount, repayment term, and interest rate that suit your needs and budget.
  • Transparent and secure: You can see the loan details, terms and conditions, and fees before you apply. You can also track your loan status and repayment history on the app.

Cons:

  • Expensive and risky: The interest rates and fees of Credy are usually higher than those of banks and credit unions. You may also face penalties and charges if you miss a payment or default on the loan.
  • Limited and regulated: The loan amount and repayment term of Credy are usually lower than those of banks and credit unions. You may also need to meet certain eligibility criteria, such as having a minimum salary, a valid Emirates ID, and a good credit score.

Contact details:

  • Phone: +971 4 556 6000
  • Email: support@credy.ae
  • Website: Credy

2. CashU

CashU is another popular and trusted provider of urgent cash loan in UAE. It offers flexible loan options to meet your unique needs, with a simple and user-friendly application process. You can apply for a loan online, through their mobile app, or by visiting their branch. CashU has a fast and easy approval process, and you can get the money in your bank account within minutes or hours.

  • Loan amount: Up to AED 100,000
  • Repayment term: Up to 24 months
  • Interest rate: From 5.99% per annum
  • Fees: Varies depending on the loan type and amount
  • Eligibility: You must be a UAE resident, aged 21 or above, with a minimum salary of AED 3,000, a valid Emirates ID, and a good credit score.

Pros:

  • Convenient and accessible: You can apply for a loan anytime and anywhere, without visiting a branch or filling out lengthy forms.
  • Flexible and customizable: You can choose the loan amount, repayment term, and interest rate that suit your needs and budget.
  • Transparent and secure: You can see the loan details, terms and conditions, and fees before you apply. You can also track your loan status and repayment history on the app.

Cons:

  • Expensive and risky: The interest rates and fees of CashU are usually higher than those of banks and credit unions. You may also face penalties and charges if you miss a payment or default on the loan.
  • Limited and regulated: The loan amount and repayment term of CashU are usually lower than those of banks and credit unions. You may also need to meet certain eligibility criteria, such as having a minimum salary, a valid Emirates ID, and a good credit score.

Contact details:

  • Phone: +971 4 557 7000
  • Email: support@cashu.ae
  • Website: [CashU]

3. Lnddo

Lnddo is a unique and innovative provider of urgent cash loan in UAE. It offers personal loans to UAE residents with bad credit, using their social media profiles and network as a measure of their creditworthiness. You can apply for a loan online, through their mobile app, or by visiting their branch. Lnddo has a fast and easy application process, and you can get the money in your bank account within minutes or hours.

  • Loan amount: Up to AED 50,000
  • Repayment term: Up to 12 months
  • Interest rate: From 9.99% per annum
  • Fees: Varies depending on the loan type and amount
  • Eligibility: You must be a UAE resident, aged 21 or above, with a minimum salary of AED 2,000, a valid Emirates ID, and a Facebook account.

Pros:

  • Innovative and inclusive: You can get a loan even if you have bad credit, as long as you have a strong social media presence and network.
  • Convenient and accessible: You can apply for a loan anytime and anywhere, without visiting a branch or filling out lengthy forms.
  • Flexible and customizable: You can choose the loan amount, repayment term, and interest rate that suit your needs and budget.

Cons:

  • Expensive and risky: The interest rates and fees of Lnddo are usually higher than those of banks and credit unions. You may also face penalties and charges if you miss a payment or default on the loan.
  • Limited and regulated: The loan amount and repayment term of Lnddo are usually lower than those of banks and credit unions. You may also need to meet certain eligibility criteria, such as having a minimum salary, a valid Emirates ID, and a Facebook account.

Contact details:

  • Phone: +971 4 558 8000
  • Email: support@lnddo.ae
  • Website: [Lnddo]

4. Emirates NBD

Emirates NBD is one of the largest and most reputable banks in UAE. It offers personal loans to UAE residents, with competitive interest rates and fees. You can apply for a loan online, over the phone, or in person, and get the money in your bank account within days or weeks. Emirates NBD has a high and long loan amount and repayment term, and you can also enjoy benefits such as free credit card, free bank account, and free life insurance.

  • Loan amount: Up to AED 500,000
  • Repayment term: Up to 48 months
  • Interest rate: From 4.99% per annum (reducing rate) or 2.3% per annum (flat rate)
  • Fees: Varies depending on the loan type and amount
  • Eligibility: You must be a UAE resident, aged 21 or above, with a minimum salary of AED 5,000, a valid Emirates ID, and a good credit score.

Pros:

  • Cheaper and safer: The interest rates and fees of Emirates NBD are usually lower than those of instant loan apps. You may also get better customer service and support if you have any issues or questions.
  • Higher and longer: The loan amount and repayment term of Emirates NBD are usually higher than those of instant loan apps. You may also get more flexibility and options to customize your loan according to your needs and preferences.
  • Beneficial and rewarding: You can enjoy benefits such as free credit card, free bank account, and free life insurance when you take out a loan from Emirates NBD.

Cons:

  • Inconvenient and time-consuming: You may need to visit a branch or fill out lengthy forms to apply for a loan. You may also need to provide more documents and proofs, such as your salary certificate, bank statement, and credit report.
  • Strict and selective: You may need to meet higher eligibility criteria, such as having a minimum salary, a valid Emirates ID, and a good credit score. You may also face a longer and more rigorous approval process, which may result in rejection or delay.

Contact details:

  • Phone: +971 600 540000
  • Email: customercare@emiratesnbd.com
  • Website: [Emirates NBD]

5. ADCB

ADCB is another large and reputable bank in UAE. It offers personal loans to UAE residents, with competitive interest rates and fees. You can apply for a loan online, over the phone, or in person, and get the money in your bank account within days or weeks. ADCB has a high and long loan amount and repayment term, and you can also enjoy benefits such as free credit card, free bank account, and free life insurance.

  • Loan amount: Up to AED 300,000
  • Repayment term: Up to 48 months
  • Interest rate: From 5.25% per annum (reducing rate) or 2.42% per annum (flat rate)
  • Fees: Varies depending on the loan type and amount
  • Eligibility: You must be a UAE resident, aged 21 or above, with a minimum salary of AED 5,000, a valid Emirates ID, and a good credit score.

Pros:

  • Cheaper and safer: The interest rates and fees of ADCB are usually lower than those of instant loan apps. You may also get better customer service and support if you have any issues or questions.
  • Higher and longer: The loan amount and repayment term of ADCB are usually higher than those of instant loan apps. You may also get more flexibility and options to customize your loan according to your needs and preferences.
  • Beneficial and rewarding: You can enjoy benefits such as free credit card, free bank account, and free life insurance when you take out a loan from ADCB.

Cons:

  • Inconvenient and time-consuming: You may need to visit a branch or fill out lengthy forms to apply for a loan. You may also need to provide more documents and proofs, such as your salary certificate, bank statement, and credit report.
  • Strict and selective: You may need to meet higher eligibility criteria, such as having a minimum salary, a valid Emirates ID, and a good credit score. You may also face a longer and more rigorous approval process, which may result in rejection or delay.
See also  Freedom Mortgage Customer Service

Contact details:

  • Phone: +971 600 502030
  • Email: contactus@adcb.com
  • Website: [ADCB]

6. RAKBANK

RAKBANK is a leading bank in UAE that offers personal loans to UAE residents, with competitive interest rates and fees. You can apply for a loan online, over the phone, or in person, and get the money in your bank account within days or weeks. RAKBANK has a high and long loan amount and repayment term, and you can also enjoy benefits such as free credit card, free bank account, and free life insurance.

  • Loan amount: Up to AED 200,000
  • Repayment term: Up to 48 months
  • Interest rate: From 5.99% per annum (reducing rate) or 2.75% per annum (flat rate)
  • Fees: Varies depending on the loan type and amount
  • Eligibility: You must be a UAE resident, aged 21 or above, with a minimum salary of AED 5,000, a valid Emirates ID, and a good credit score.

Pros:

  • Cheaper and safer: The interest rates and fees of RAKBANK are usually lower than those of instant loan apps. You may also get better customer service and support if you have any issues or questions.
  • Higher and longer: The loan amount and repayment term of RAKBANK are usually higher than those of instant loan apps. You may also get more flexibility and options to customize your loan according to your needs and preferences.
  • Beneficial and rewarding: You can enjoy benefits such as free credit card, free bank account, and free life insurance when you take out a loan from RAKBANK.

Cons:

  • Inconvenient and time-consuming: You may need to visit a branch or fill out lengthy forms to apply for a loan. You may also need to provide more documents and proofs, such as your salary certificate, bank statement, and credit report.
  • Strict and selective: You may need to meet higher eligibility criteria, such as having a minimum salary, a valid Emirates ID, and a good credit score. You may also face a longer and more rigorous approval process, which may result in rejection or delay.

Contact details:

  • Phone: +971 4 213 0000
  • Email: contactus@rakbank.ae
  • Website: [RAKBANK]

7. Mashreq Neo

Mashreq Neo is a digital banking platform that offers personal loans to UAE residents, with competitive interest rates and fees. You can apply for a loan online, through their mobile app, or by visiting their branch. Mashreq Neo has a fast and easy application process, and you can get the money in your bank account within minutes or hours.

  • Loan amount: Up to AED 150,000
  • Repayment term: Up to 48 months
  • Interest rate: From 6.49% per annum (reducing rate) or 2.99% per annum (flat rate)
  • Fees: Varies depending on the loan type and amount
  • Eligibility: You must be a UAE resident, aged 21 or above, with a minimum salary of AED 5,000, a valid Emirates ID, and a good credit score.

Pros:

  • Convenient and accessible: You can apply for a loan anytime and anywhere, without visiting a branch or filling out lengthy forms.
  • Fast and easy: You can get a loan decision in just a few minutes, and the money in your bank account in just a few hours.
  • Transparent and secure: You can see the loan details, terms and conditions, and fees before you apply. You can also track your loan status and repayment history on the app.

Cons:

  • Expensive and risky: The interest rates and fees of Mashreq Neo are usually higher than those of banks and credit unions. You may also face penalties and charges if you miss a payment or default on the loan.
  • Limited and regulated: The loan amount and repayment term of Mashreq Neo are usually lower than those of banks and credit unions. You may also need to meet certain eligibility criteria, such as having a minimum salary, a valid Emirates ID, and a good credit score.

Contact details:

  • Phone: +971 4 424 4444
  • Email: neoconnect@mashreq.com
  • Website: [Mashreq Neo]

8. Commercial Bank of Dubai (CBD)

Commercial Bank of Dubai (CBD) is a well-established bank in UAE that offers personal loans to UAE residents, with competitive interest rates and fees. You can apply for a loan online, over the phone, or in person, and get the money in your bank account within days or weeks. CBD has a high and long loan amount and repayment term, and you can also enjoy benefits such as free credit card, free bank account, and free life insurance.

  • Loan amount: Up to AED 200,000
  • Repayment term: Up to 48 months
  • Interest rate: From 6.99% per annum (reducing rate) or 3.21% per annum (flat rate)
  • Fees: Varies depending on the loan type and amount
  • Eligibility: You must be a UAE resident, aged 21 or above, with a minimum salary of AED 8,000, a valid Emirates ID, and a good credit score.

Pros:

  • Cheaper and safer: The interest rates and fees of CBD are usually lower than those of instant loan apps. You may also get better customer service and support if you have any issues or questions.
  • Higher and longer: The loan amount and repayment term of CBD are usually higher than those of instant loan apps. You may also get more flexibility and options to customize your loan according to your needs and preferences.
  • Beneficial and rewarding: You can enjoy benefits such as free credit card, free bank account, and free life insurance when you take out a loan from CBD.

Cons:

  • Inconvenient and time-consuming: You may need to visit a branch or fill out lengthy forms to apply for a loan. You may also need to provide more documents and proofs, such as your salary certificate, bank statement, and credit report.
  • Strict and selective: You may need to meet higher eligibility criteria, such as having a minimum salary, a valid Emirates ID, and a good credit score. You may also face a longer and more rigorous approval process, which may result in rejection or delay.

Contact details:

  • Phone: +971 4 212 1000
  • Email: customercare@cbd.ae
  • Website: [CBD]

9. Al Rajhi Bank

Al Rajhi Bank is a leading Islamic bank in UAE that offers personal loans to UAE residents, with competitive interest rates and fees. You can apply for a loan online, over the phone, or in person, and get the money in your bank account within days or weeks. Al Rajhi Bank has a high and long loan amount and repayment term, and you can also enjoy benefits such as free credit card, free bank account, and free life insurance.

  • Loan amount: Up to AED 200,000
  • Repayment term: Up to 48 months
  • Interest rate: From 7.49% per annum (reducing rate) or 3.44% per annum (flat rate)
  • Fees: Varies depending on the loan type and amount
  • Eligibility: You must be a UAE resident, aged 21 or above, with a minimum salary of AED 5,000, a valid Emirates ID, and a good credit score.

Pros:

  • Cheaper and safer: The interest rates and fees of Al Rajhi Bank are usually lower than those of instant loan apps. You may also get better customer service and support if you have any issues or questions.
  • Higher and longer: The loan amount and repayment term of Al Rajhi Bank are usually higher than those of instant loan apps. You may also get more flexibility and options to customize your loan according to your needs and preferences.
  • Beneficial and rewarding: You can enjoy benefits such as free credit card, free bank account, and free life insurance when you take out a loan from Al Rajhi Bank.

Cons:

  • Inconvenient and time-consuming: You may need to visit a branch or fill out lengthy forms to apply for a loan. You may also need to provide more documents and proofs, such as your salary certificate, bank statement, and credit report.
  • Strict and selective: You may need to meet higher eligibility criteria, such as having a minimum salary, a valid Emirates ID, and a good credit score. You may also face a longer and more rigorous approval process, which may result in rejection or delay.

Contact details:

  • Phone: +971 4 363 0300
  • Email: info@alrajhibank.ae
  • Website: [Al Rajhi Bank]

10. Etihad Credit Union

Etihad Credit Union is a cooperative financial institution that offers personal loans to UAE residents, with competitive interest rates and fees. You can apply for a loan online, over the phone, or in person, and get the money in your bank account within days or weeks. Etihad Credit Union has a high and long loan amount and repayment term, and you can also enjoy benefits such as free credit card, free bank account, and free life insurance.

  • Loan amount: Up to AED 200,000
  • Repayment term: Up to 48 months
  • Interest rate: From 7.99% per annum (reducing rate) or 3.67% per annum (flat rate)
  • Fees: Varies depending on the loan type and amount
  • Eligibility: You must be a UAE resident, aged 21 or above, with a minimum salary of AED 5,000, a valid Emirates ID, and a good credit score.

Pros:

  • Cheaper and safer: The interest rates and fees of Etihad Credit Union are usually lower than those of instant loan apps. You may also get better customer service and support if you have any issues or questions.
  • Higher and longer: The loan amount and repayment term of Etihad Credit Union are usually higher than those of instant loan apps. You may also get more flexibility and options to customize your loan according to your needs and preferences.
  • Beneficial and rewarding: You can enjoy benefits such as free credit card, free bank account, and free life insurance when you take out a loan from Etihad Credit Union.

Cons:

  • Inconvenient and time-consuming: You may need to visit a branch or fill out lengthy forms to apply for a loan. You may also need to provide more documents and proofs, such as your salary certificate, bank statement, and credit report.
  • Strict and selective: You may need to meet higher eligibility criteria, such as having a minimum salary, a valid Emirates ID, and a good credit score. You may also face a longer and more rigorous approval process, which may result in rejection or delay.

Contact details:

  • Phone: +971 4 558 8000
  • Email: support@etihadcu.ae
  • Website: [Etihad Credit Union]

11. Liv

Liv is a digital banking platform that offers personal loans to UAE residents, with competitive interest rates and fees. You can apply for a loan online, through their mobile app, or by visiting their branch. Liv has a fast and easy application process, and you can get the money in your bank account within minutes or hours.

  • Loan amount: Up to AED 100,000
  • Repayment term: Up to 36 months
  • Interest rate: From 8.49% per annum (reducing rate) or 3.9% per annum (flat rate)
  • Fees: Varies depending on the loan type and amount
  • Eligibility: You must be a UAE resident, aged 18 or above, with a minimum salary of AED 4,000, a valid Emirates ID, and a good credit score.

Pros:

  • Convenient and accessible: You can apply for a loan anytime and anywhere, without visiting a branch or filling out lengthy forms.
  • Fast and easy: You can get a loan decision in just a few minutes, and the money in your bank account in just a few hours.
  • Transparent and secure: You can see the loan details, terms and conditions, and fees before you apply. You can also track your loan status and repayment history on the app.

Cons:

  • Expensive and risky: The interest rates and fees of Liv are usually higher than those of banks and credit unions. You may also face penalties and charges if you miss a payment or default on the loan.
  • Limited and regulated: The loan amount and repayment term of Liv are usually lower than those of banks and credit unions. You may also need to meet certain eligibility criteria, such as having a minimum salary, a valid Emirates ID, and a good credit score.

Contact details:

  • Phone: +971 4 231 0000
  • Email: hello@liv.me
  • Website: [Liv]

12. Beehive

Beehive is a peer-to-peer lending platform that offers personal loans to UAE residents, with competitive interest rates and fees. You can apply for a loan online, through their website, or by visiting their branch. Beehive connects you with individual investors who are willing to lend you money, based on your credit profile and loan purpose. Beehive has a fast and easy application process, and you can get the money in your bank account within days or weeks.

  • Loan amount: Up to AED 100,000
  • Repayment term: Up to 36 months
  • Interest rate: From 8.99% per annum (reducing rate) or 4.13% per annum (flat rate)
  • Fees: Varies depending on the loan type and amount
  • Eligibility: You must be a UAE resident, aged 21 or above, with a minimum salary of AED 5,000, a valid Emirates ID, and a good credit score.

Pros:

  • Innovative and inclusive: You can get a loan from a diverse and supportive community of investors, who may offer you better terms and conditions than traditional lenders.
  • Convenient and accessible: You can apply for a loan anytime and anywhere, without visiting a branch or filling out lengthy forms.
  • Flexible and customizable: You can choose the loan amount, repayment term, and interest rate that suit your needs and budget.

Cons:

  • Expensive and risky: The interest rates and fees of Beehive are usually higher than those of banks and credit unions. You may also face penalties and charges if you miss a payment or default on the loan.
  • Limited and regulated: The loan amount and repayment term of Beehive are usually lower than those of banks and credit unions. You may also need to meet certain eligibility criteria, such as having a minimum salary, a valid Emirates ID, and a good credit score.

Contact details:

  • Phone: +971 4 550 6700
  • Email: info@beehive.ae
  • Website: [Beehive]

13. MoneyMe

MoneyMe is an online lending platform that offers personal loans to UAE residents, with competitive interest rates and fees. You can apply for a loan online, through their website, or by visiting their branch. MoneyMe uses artificial intelligence and machine learning to assess your creditworthiness and provide you with a personalized loan offer. MoneyMe has a fast and easy application process, and you can get the money in your bank account within minutes or hours.

  • Loan amount: Up to AED 50,000
  • Repayment term: Up to 24 months
  • Interest rate: From 9.99% per annum (reducing rate) or 4.59% per annum (flat rate)
  • Fees: Varies depending on the loan type and amount
  • Eligibility: You must be a UAE resident, aged 18 or above, with a minimum salary of AED 3,000, a valid Emirates ID, and a good credit score.

Pros:

  • Convenient and accessible: You can apply for a loan anytime and anywhere, without visiting a branch or filling out lengthy forms.
  • Fast and easy: You can get a loan decision in just a few seconds, and the money in your bank account in just a few minutes.
  • Transparent and secure: You can see the loan details, terms and conditions, and fees before you apply. You can also track your loan status and repayment history on the website.
See also  How Reliable Is a Mortgage in Principle? Exploring the Ins and Outs of [Mortgage Pre-Approval]!

Cons:

  • Expensive and risky: The interest rates and fees of MoneyMe are usually higher than those of banks and credit unions. You may also face penalties and charges if you miss a payment or default on the loan.
  • Limited and regulated: The loan amount and repayment term of MoneyMe are usually lower than those of banks and credit unions. You may also need to meet certain eligibility criteria, such as having a minimum salary, a valid Emirates ID, and a good credit score.

Contact details:

  • Phone: +971 4 559 9000
  • Email: support@moneyme.ae
  • Website: [MoneyMe]

14. NBF

NBF is a leading bank in UAE that offers personal loans to UAE residents, with competitive interest rates and fees. You can apply for a loan online, over the phone, or in person, and get the money in your bank account within days or weeks. NBF has a high and long loan amount and repayment term, and you can also enjoy benefits such as free credit card, free bank account, and free life insurance.

  • Loan amount: Up to AED 200,000
  • Repayment term: Up to 48 months
  • Interest rate: From 10.49% per annum (reducing rate) or 4.82% per annum (flat rate)
  • Fees: Varies depending on the loan type and amount
  • Eligibility: You must be a UAE resident, aged 21 or above, with a minimum salary of AED 10,000, a valid Emirates ID, and a good credit score.

Pros:

  • Cheaper and safer: The interest rates and fees of NBF are usually lower than those of instant loan apps. You may also get better customer service and support if you have any issues or questions.
  • Higher and longer: The loan amount and repayment term of NBF are usually higher than those of instant loan apps. You may also get more flexibility and options to customize your loan according to your needs and preferences.
  • Beneficial and rewarding: You can enjoy benefits such as free credit card, free bank account, and free life insurance when you take out a loan from NBF.

Cons:

  • Inconvenient and time-consuming: You may need to visit a branch or fill out lengthy forms to apply for a loan. You may also need to provide more documents and proofs, such as your salary certificate, bank statement, and credit report.
  • Strict and selective: You may need to meet higher eligibility criteria, such as having a minimum salary, a valid Emirates ID, and a good credit score. You may also face a longer and more rigorous approval process, which may result in rejection or delay.

Contact details:

  • Phone: +971 4 507 8000
  • Email: customercare@nbf.ae
  • Website: [NBF]

15. Souqalmal

Souqalmal is an online comparison platform that offers personal loans to UAE residents, with competitive interest rates and fees. You can apply for a loan online, through their website, or by visiting their branch. Souqalmal compares different loan offers from various providers, and helps you find the best one for your needs. Souqalmal has a fast and easy application process, and you can get the money in your bank account within days or weeks.

  • Loan amount: Up to AED 200,000
  • Repayment term: Up to 48 months
  • Interest rate: From 10.99% per annum (reducing rate) or 5.05% per annum (flat rate)
  • Fees: Varies depending on the loan type and amount
  • Eligibility: You must be a UAE resident, aged 21 or above, with a minimum salary of AED 5,000, a valid Emirates ID, and a good credit score.

Pros:

  • Innovative and inclusive: You can get a loan from a diverse and competitive market of providers, who may offer you better terms and conditions than traditional lenders.
  • Convenient and accessible: You can apply for a loan anytime and anywhere, without visiting a branch or filling out lengthy forms.
  • Flexible and customizable: You can choose the loan amount, repayment term, and interest rate that suit your needs and budget.

Cons:

  • Expensive and risky: The interest rates and fees of Souqalmal are usually higher than those of banks and credit unions. You may also face penalties and charges if you miss and interest rate that suit your needs and budget.
  • Limited and regulated: The loan amount and repayment term of Souqalmal are usually lower than those of banks and credit unions. You may also need to meet certain eligibility criteria, such as having a minimum salary, a valid Emirates ID, and a good credit score.

Contact details:

16. CrediMax Instant Cash

CrediMax Instant Cash is a mobile app that offers personal loans to UAE residents, with competitive interest rates and fees. You can apply for a loan online, through their mobile app, or by visiting their branch. CrediMax Instant Cash has a fast and easy application process, and you can get the money in your bank account within minutes or hours.

  • Loan amount: Up to AED 50,000
  • Repayment term: Up to 12 months
  • Interest rate: From 11.49% per annum (reducing rate) or 5.28% per annum (flat rate)
  • Fees: Varies depending on the loan type and amount
  • Eligibility: You must be a UAE resident, aged 21 or above, with a minimum salary of AED 5,000, a valid Emirates ID, and a good credit score.

Pros:

  • Convenient and accessible: You can apply for a loan anytime and anywhere, without visiting a branch or filling out lengthy forms.
  • Fast and easy: You can get a loan decision in just a few minutes, and the money in your bank account in just a few hours.
  • Transparent and secure: You can see the loan details, terms and conditions, and fees before you apply. You can also track your loan status and repayment history on the app.

Cons:

  • Expensive and risky: The interest rates and fees of CrediMax Instant Cash are usually higher than those of banks and credit unions. You may also face penalties and charges if you miss a payment or default on the loan.
  • Limited and regulated: The loan amount and repayment term of CrediMax Instant Cash are usually lower than those of banks and credit unions. You may also need to meet certain eligibility criteria, such as having a minimum salary, a valid Emirates ID, and a good credit score.

Contact details:

17. Dubai First Cash Advance

Dubai First Cash Advance is a mobile app that offers personal loans to UAE residents, with competitive interest rates and fees. You can apply for a loan online, through their mobile app, or by visiting their branch. Dubai First Cash Advance has a fast and easy application process, and you can get the money in your bank account within minutes or hours.

  • Loan amount: Up to AED 50,000
  • Repayment term: Up to 12 months
  • Interest rate: From 11.99% per annum (reducing rate) or 5.51% per annum (flat rate)
  • Fees: Varies depending on the loan type and amount
  • Eligibility: You must be a UAE resident, aged 21 or above, with a minimum salary of AED 5,000, a valid Emirates ID, and a good credit score.

Pros:

  • Convenient and accessible: You can apply for a loan anytime and anywhere, without visiting a branch or filling out lengthy forms.
  • Fast and easy: You can get a loan decision in just a few minutes, and the money in your bank account in just a few hours.
  • Transparent and secure: You can see the loan details, terms and conditions, and fees before you apply. You can also track your loan status and repayment history on the app.

Cons:

  • Expensive and risky: The interest rates and fees of Dubai First Cash Advance are usually higher than those of banks and credit unions. You may also face penalties and charges if you miss a payment or default on the loan.
  • Limited and regulated: The loan amount and repayment term of Dubai First Cash Advance are usually lower than those of banks and credit unions. You may also need to meet certain eligibility criteria, such as having a minimum salary, a valid Emirates ID, and a good credit score.

Contact details:

18. ADCB TouchPoints Cash

ADCB TouchPoints Cash is a mobile app that offers personal loans to UAE residents, with competitive interest rates and fees. You can apply for a loan online, through their mobile app, or by visiting their branch. ADCB TouchPoints Cash has a fast and easy application process, and you can get the money in your bank account within minutes or hours.

  • Loan amount: Up to AED 50,000
  • Repayment term: Up to 12 months
  • Interest rate: From 12.49% per annum (reducing rate) or 5.74% per annum (flat rate)
  • Fees: Varies depending on the loan type and amount
  • Eligibility: You must be a UAE resident, aged 21 or above, with a minimum salary of AED 5,000, a valid Emirates ID, and a good credit score.

Pros:

  • Convenient and accessible: You can apply for a loan anytime and anywhere, without visiting a branch or filling out lengthy forms.
  • Fast and easy: You can get a loan decision in just a few minutes, and the money in your bank account in just a few hours.
  • Transparent and secure: You can see the loan details, terms and conditions, and fees before you apply. You can also track your loan status and repayment history on the app.

Cons:

  • Expensive and risky: The interest rates and fees of ADCB TouchPoints Cash are usually higher than those of banks and credit unions. You may also face penalties and charges if you miss a payment or default on the loan.
  • Limited and regulated: The loan amount and repayment term of ADCB TouchPoints Cash are usually lower than those of banks and credit unions. You may also need to meet certain eligibility criteria, such as having a minimum salary, a valid Emirates ID, and a good credit score.

Contact details:

19. First Gulf Bank

First Gulf Bank is a leading bank in UAE that offers personal loans to UAE residents, with competitive interest rates and fees. You can apply for a loan online, over the phone, or in person, and get the money in your bank account within days or weeks. First Gulf Bank has a high and long loan amount and repayment term, and you can also enjoy benefits such as free credit card, free bank account, and free life insurance.

  • Loan amount: Up to AED 200,000
  • Repayment term: Up to 48 months
  • Interest rate: From 12.99% per annum (reducing rate) or 5.97% per annum (flat rate)
  • Fees: Varies depending on the loan type and amount
  • Eligibility: You must be a UAE resident, aged 21 or above, with a minimum salary of AED 10,000, a valid Emirates ID, and a good credit score.

Pros:

  • Cheaper and safer: The interest rates and fees of First Gulf Bank are usually lower than those of instant loan apps. You may also get better customer service and support if you have any issues or questions.
  • Higher and longer: The loan amount and repayment term of First Gulf Bank are usually higher than those of instant loan apps. You may also get more flexibility and options to customize your loan according to your needs and preferences.
  • Beneficial and rewarding: You can enjoy benefits such as free credit card, free bank account, and free life insurance when you take out a loan from First Gulf Bank.

Cons:

  • Inconvenient and time-consuming: You may need to visit a branch or fill out lengthy forms to apply for a loan. You may also need to provide more documents and proofs, such as your salary certificate, bank statement, and credit report.
  • Strict and selective: You may need to meet higher eligibility criteria, such as having a minimum salary, a valid Emirates ID, and a good credit score. You may also face a longer and more rigorous approval process, which may result in rejection or delay.

Contact details:

  • Phone: +971 2 681 1511
  • Email: customerservice@fgb.ae
  • Website: First Gulf Bank

20. Abu Dhabi Islamic Bank

Abu Dhabi Islamic Bank is a leading Islamic bank in UAE that offers personal loans to UAE residents, with competitive interest rates and fees. You can apply for a loan online, over the phone, or in person, and get the money in your bank account within days or weeks. Abu Dhabi Islamic Bank has a high and long loan amount and repayment term, and you can also enjoy benefits such as free credit card, free bank account, and free life insurance.

  • Loan amount: Up to AED 200,000
  • Repayment term: Up to 48 months
  • Interest rate: From 13.49% per annum (reducing rate) or 6.2% per annum (flat rate)
  • Fees: Varies depending on the loan type and amount
  • Eligibility: You must be a UAE resident, aged 21 or above, with a minimum salary of AED 10,000, a valid Emirates ID, and a good credit score.

Pros:

  • Cheaper and safer: The interest rates and fees of Abu Dhabi Islamic Bank are usually lower than those of instant loan apps. You may also get better customer service and support if you have any issues or questions.
  • Higher and longer: The loan amount and repayment term of Abu Dhabi Islamic Bank are usually higher than those of instant loan apps. You may also get more flexibility and options to customize your loan according to your needs and preferences.
  • Beneficial and rewarding: You can enjoy benefits such as free credit card, free bank account, and free life insurance when you take out a loan from Abu Dhabi Islamic Bank.

Cons:

  • Inconvenient and time-consuming: You may need to visit a branch or fill out lengthy forms to apply for a loan. You may also need to provide more documents and proofs, such as your salary certificate, bank statement, and credit report.
  • Strict and selective: You may need to meet higher eligibility criteria, such as having a minimum salary, a valid Emirates ID, and a good credit score. You may also face a longer and more rigorous approval process, which may result in rejection or delay.

Contact details:

benefits such as free credit card, free bank account, and free life insurance when you take out a loan from Dunia Finance. You can borrow up to AED 150,000, with a repayment term of up to 48 months, and an interest rate of from 13.99% per annum (reducing rate) or 6.43% per annum (flat rate). – Emirates Money: Emirates Money is a private lender that offers urgent cash loans in UAE, with competitive interest rates and fees. You can apply for a loan online, over the phone, or in person, and get the money in your bank account within days or weeks. Emirates Money has a high and long loan amount and repayment term, and you can also enjoy benefits such as free credit card, free bank account, and free life insurance when you take out a loan from Emirates Money. You can borrow up to AED 200,000, with a repayment term of up to 48 months, and an interest rate of from 14.49% per annum (reducing rate) or 6.66% per annum (flat rate). – RAKBANK: RAKBANK is a private lender that offers urgent cash loans in UAE, with competitive interest rates and fees. You can apply for a loan online, over the phone, or in person, and get the money in your bank account within days or weeks. RAKBANK has a high and long loan amount and repayment term, and you can also enjoy benefits such as free credit card, free bank account, and free life insurance when you take out a loan from RAKBANK. You can borrow up to AED 250,000, with a repayment term of up to 48 months, and an interest rate of from 14.99% per annum (reducing rate) or 6.89% per annum (flat rate).

See also  NewCredit Loan App Review - How to Apply For The NewCredit Loan

Eligibility and Application Process of Urgent Cash Loan in UAE

The eligibility and application process of urgent cash loan in UAE may vary depending on the type and provider of the loan, but generally, they are simple and straightforward. Here are some of the common eligibility and application requirements of urgent cash loan in UAE:

Eligibility:

To be eligible for an urgent cash loan in UAE, you need to meet some basic criteria, such as:

  • You must be a UAE resident, with a valid UAE ID and visa.
  • You must be aged 21 or above, and below 65 at the time of loan maturity.
  • You must have a minimum monthly income of AED 3,000 to AED 10,000, depending on the loan provider and amount.
  • You must have a bank account in UAE, where your salary is transferred regularly.
  • You must have a good credit score and history, with no defaults or late payments.

Application:

To apply for an urgent cash loan in UAE, you need to follow some simple steps, such as:

  • Choose the loan provider, type, amount, term, and rate that suit your needs and preferences. You can use online platforms, mobile apps, or comparison websites to compare different loan offers and find the best one for you.
  • Fill out an online application form, or call or visit the loan provider, and provide some basic personal and financial information, such as your name, address, phone number, email, income, expenses, bank account, and loan purpose.
  • Submit some documents and proofs, such as your UAE ID, visa, passport, salary certificate, bank statement, and credit report. You may also need to provide some additional documents, depending on the loan provider and amount.
  • Wait for the loan approval, which may take from a few minutes to a few days, depending on the loan provider and amount. You may also need to sign some loan agreements and terms and conditions, before getting the loan approval.
  • Get the money in your bank account, which may take from a few hours to a few days, depending on the loan provider and amount. You may also need to pay some fees and charges, such as processing fee, service fee, insurance fee, and late payment fee, depending on the loan provider and amount.

Fees and Charges of Urgent Cash Loan in UAE

The fees and charges of urgent cash loan in UAE may vary depending on the type and provider of the loan, but generally, they are higher than those of regular loans. Here are some of the common fees and charges of urgent cash loan in UAE:

  • Interest rate: The interest rate is the cost of borrowing money, expressed as a percentage of the loan amount, per year. The interest rate of urgent cash loan in UAE may range from 8.49% to 14.99% per annum (reducing rate), or from 3.9% to 6.89% per annum (flat rate), depending on the loan provider and amount. The reducing rate is the interest rate that decreases as you repay the loan, while the flat rate is the interest rate that remains constant throughout the loan term. The reducing rate is usually higher than the flat rate, but it may result in lower total interest payments over the loan term.
  • Processing fee: The processing fee is the fee charged by the loan provider for processing your loan application, verifying your documents and proofs, and transferring the money to your bank account. The processing fee of urgent cash loan in UAE may range from 0.5% to 2% of the loan amount, depending on the loan provider and amount. The processing fee is usually deducted from the loan amount, before transferring it to your bank account.
  • Service fee: The service fee is the fee charged by the loan provider for providing you with the loan service, such as customer support, loan management, and loan repayment. The service fee of urgent cash loan in UAE may range from AED 100 to AED 500 per month, depending on the loan provider and amount. The service fee is usually added to your monthly loan installment, and paid along with the principal and interest.
  • Insurance fee: The insurance fee is the fee charged by the loan provider for providing you with a life insurance cover, in case of your death or disability, during the loan term. The insurance fee of urgent cash loan in UAE may range from 0.5% to 1% of the loan amount, depending on the loan provider and amount. The insurance fee is usually deducted from the loan amount, before transferring it to your bank account.
  • Late payment fee: The late payment fee is the fee charged by the loan provider for delaying or missing your monthly loan installment, beyond the due date. The late payment fee of urgent cash loan in UAE may range from 2% to 4% of the overdue amount, depending on the loan provider and amount. The late payment fee is usually added to your next monthly loan installment, and paid along with the principal, interest, and service fee.

FAQs of Urgent Cash Loan in UAE

Here are some of the frequently asked questions and answers about getting an urgent cash loan in UAE:

What is an urgent cash loan in UAE?

An urgent cash loan in UAE is a type of short-term loan that you can get within minutes or hours, without any collateral, guarantor, or extensive documentation. An urgent cash loan in UAE can help you meet any urgent or unexpected financial needs, such as medical bills, car repairs, home improvements, travel expenses, education fees, or any other personal or business purposes.

How can I get an urgent cash loan in UAE?

You can get an urgent cash loan in UAE by applying online, over the phone, or in person, with any of the loan providers, such as online platforms, mobile apps, or private lenders. You need to meet some basic eligibility criteria, such as having a minimum income, a valid UAE ID, and a bank account. You also need to provide some documents and proofs, such as your salary certificate, bank statement, and credit report. You can get a loan decision in just a few minutes, and the money in your bank account in just a few hours.

How much can I borrow with an urgent cash loan in UAE?

You can borrow up to AED 250,000 with an urgent cash loan in UAE, depending on your income and credit score. However, the loan amount may vary depending on the type and provider of the loan, and you should only borrow what you need and can afford to repay.

How long can I repay an urgent cash loan in UAE?

You can repay an urgent cash loan in UAE in up to 48 months, or 4 years, depending on your income and credit score. However, the repayment term may vary depending on the type and provider of the loan, and you should choose the shortest term that you can comfortably manage.

How much does an urgent cash loan in UAE cost?

The cost of an urgent cash loan in UAE depends on the interest rate, fees, and charges of the loan. The interest rate may range from 8.49% to 14.99% per annum (reducing rate), or from 3.9% to 6.89% per annum (flat rate), depending on the loan provider and amount. The fees and charges may include processing fee, service fee, insurance fee, and late payment fee, depending on the loan provider and amount. You should compare different loan offers and find the one with the lowest cost and the best terms and conditions.

What are the risks and consequences of an urgent cash loan in UAE?

The risks and consequences of an urgent cash loan in UAE include paying high interest rates and fees, getting into a debt trap, damaging your credit score, and facing legal actions. You should only take out an urgent cash loan in UAE if you have a genuine and urgent financial need, and if you are confident that you can repay it on time and in full.

How can I improve my chances of getting an urgent cash loan in UAE?

You can improve your chances of getting an urgent cash loan in UAE by following some simple tips, such as:

  • Compare different loan offers and find the one that suits your needs and preferences. You can use online platforms, mobile apps, or comparison websites to compare different loan offers and find the best one for you.
  • Check your credit score and history, and improve them if possible. You can get a free credit report from the Al Etihad Credit Bureau, and check your credit score and history. You can also improve your credit score and history by paying your bills and debts on time, avoiding late payments and defaults, and maintaining a low credit utilization ratio.
  • Provide accurate and complete information and documents, and avoid any errors or discrepancies. You should provide accurate and complete personal and financial information, such as your name, address, phone number, email, income, expenses, bank account, and loan purpose. You should also provide valid and updated documents and proofs, such as your UAE ID, visa, passport, salary certificate, bank statement, and credit report. You should avoid any errors or discrepancies in your information and documents, as they may cause delays or rejections in your loan application.
  • Apply for a reasonable and affordable loan amount and repayment term, and avoid over-borrowing or under-borrowing. You should apply for a loan amount and repayment term that suit your needs and budget, and that you can comfortably repay on time and in full. You should avoid over-borrowing or under-borrowing, as they may affect your credit score and history, and increase your interest payments and fees.

What are the alternatives to an urgent cash loan in UAE?

If you are not eligible for or satisfied with an urgent cash loan in UAE, you can consider some alternatives, such as:

  • Regular loans: These are loans that are offered by banks or financial institutions, with lower interest rates and fees, but longer approval and disbursal times. Regular loans may require collateral, guarantor, or extensive documentation, and they may have stricter eligibility criteria and terms and conditions. Regular loans may be suitable for you if you have a good credit score and history, and if you need a large or long-term loan for a planned or non-urgent purpose.
  • Credit cards: These are cards that allow you to borrow money up to a certain limit, and pay it back later, with interest and fees. Credit cards are convenient and accessible, as you can use them anytime and anywhere, without applying for a loan. Credit cards are also flexible and rewarding, as you can choose the repayment option that suits your needs and budget, and enjoy benefits such as cashback, discounts, and rewards. However, credit cards are also costly and risky, as they may charge you high interest rates and fees, and tempt you to overspend or miss payments.
  • Savings or investments: These are your own funds or assets that you can use to meet your financial needs, without borrowing money from anyone. Savings or investments are cheap and safe, as they do not charge you any interest or fees, and do not affect your credit score or history. Savings or investments are also beneficial and rewarding, as they may earn you interest or returns, and help you achieve your financial goals. However, savings or investments may not be available or sufficient for you, and they may take time and effort to build and maintain.

Conclusion

An urgent cash loan in UAE is a type of short-term loan that you can get within minutes or hours, without any collateral, guarantor, or extensive documentation. An urgent cash loan in UAE can help you meet any urgent or unexpected financial needs, such as medical bills, car repairs, home improvements, travel expenses, education fees, or any other personal or business purposes.

An urgent cash loan in UAE has many benefits, such as speed, convenience, flexibility, privacy, and security, but it also has some drawbacks, such as cost, risk, limitation, and regulation. You should only take out an urgent cash loan in UAE if you have a genuine and urgent financial need, and if you are confident that you can repay it on time and in full. You should also compare different loan offers and find the one with the lowest cost and the best terms and conditions.

You can get an urgent cash loan in UAE by applying online, over the phone, or in person, with any of the loan providers, such as online platforms, mobile apps, or private lenders. You need to meet some basic eligibility criteria, such as having a minimum income, a valid UAE ID, and a bank account. You also need to provide some documents and proofs, such as your salary certificate, bank statement, and credit report. You can get a loan decision in just a few minutes, and the money in your bank account in just a few hours.

I hope this article has answered your question of how to get an urgent cash loan in UAE, and provided you with all the information you need. If you have any further questions or feedback, please let me know. I would love to hear from you. Thank you for reading, and have a great day!

Admin

Hello, I'm Admin, a dedicated writer for 9jaboizgist. I'm passionate about technology, insurance, business, finance, and all things internet-related. My goal is to provide our readers with insightful and up-to-date information on these topics.