CashNow provides cash advances, enabling people to borrow up to AED1,500.
CashNow provides cash advances in the UAE, enabling people to borrow up to AED1,500 which can be repaid in three installments. It aims to help improve cashflow and make credit services available for everyone.
Instant Credits
It might only take a few minutes to apply and receive approval. The application process is quick and simple - upload Emirates ID and follow instructions to complete the procedure. Once the application is approved, money can be instantly credited to CashNow account or their bank account.
Easy Access for Everyone
Even if people don’t have a bank account or a credit card, CashNow makes credits possible for everyone. Powered by AI technology and cloud computing, CashNow conducts sophisticated credit check and risk management while provides people a simple user journey.
No Hidden Fees
Credit Amount: AED 1500
Interest Rate: 0.09% every day, up to 32.85% per annum.
Processing Fees: 4.9%.The fees will be deducted from the credits.
Credit Period: 90 days, payable in monthly installment
Here is an example, if a user takes principal amount of AED 1500 payable in 3 months, interest is AED 121.5 and processing fee is AED 73.5. You will receive AED1426.5.
The repayment plan is AED540.5 per month, among which AED500 is the principle and AED40.5 the interest fees.
Interest = AED 1500 x 0.09% x 90 =AED 121.5 and Total Amount payable would be AED 1621.5.
There are only three requirements:
● UAE Resident
● 20-45 years old
● Have a monthly income
Few Simple Steps
● Download and create an account
● Select the desired product
● Provide basic information and bank details
● Submit application for approval
● The approved amount will be credited into account within 3 working days
Email address: [email protected]
Company address: Tamouh Tower, AI Reem Island, Abu Dhabi
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Frequently Asked Questions(FAQ)
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