CashNow

What is CashNow?

CashNow is an instant personal loan platform for foreign nationals in UAE. You can apply for a Short-Term Personal Loan up to AED 10,000 for up to 6 months. The application process is completely online, and once approved, the cash is immediately transferred to your bank account.

How much is the loan amount?

Loan amount is ranged from AED 300 to AED 10,000 depending on your credit history, repayment capacity, and your specific need.

How long is the loan term?

Loan term is ranged from 14 days to 6 months depending on your need and your credit history.

How much is the interest rate?

The charge might differ depending on loan amount and tenure selected as well as your credit history. If you don’t make payment on time, additional penalty charge might apply.

Can I increase loan amount?

Repayment as per agreement will be the most important factor to help increase your credit limit.

Can I increase loan term?

Keeping a good borrowing & repayment record will enable you to have more term options.

What are the requirements to get a loan?

You must have valid Emirates ID and UAE bank card to receive your loan.

Do I need to pay any fee before I get a loan?

No. You DON’T need to pay any charge before receiving your loan.

Why was my application rejected?

* Credit history.
* Submitted information was insufficient.
* Some submitted information is inaccurate.

You are always welcome to try again, application does not affect your credit score.

How to repay my loan?

You have 3 options: Online payment using your bank card, cash repayment via NTPAY Kiosk and Botim money wallet, or bank transfer to our official account at First Abu Dhabi Bank. Upload receipt if you use offline methods.

How can I receive money?

Loan disbursal is via UAE bank account or Botim wallet depending on what you chose during application.

What is AECB?

Al Etihad Credit Bureau (AECB) is a Federal Government organisation that collects credit data and financial commitments from banks and other institutions to provide accurate credit reports.

Will my credit records be submitted?

Yes. Your records with CashNow will be reported to AECB via Quantix Technology Project LLC, in line with regulatory requirements. Timely payments help your score; defaults will negatively impact it.