Top 20 Instant Loan Apps in UAE to Check Out (2025)

Disclaimer: “This article is intended for informational purposes only and is not affiliated with or endorsed by any of the loan apps or financial institutions mentioned. Trango Tech is an independent app development company and does not offer, manage, or facilitate any loan services.”

Need some cash ASAP? Thanks to instant loan apps in UAE, you can now apply from your phone and get it approved in mere minutes. And the best part is, there’s no need to stand in bank queues and face endless paperwork. 

Here’s the scoop:

• The latest Statista report reveals that the digital loan market has witnessed a high growth of $3.02 billion by the end of 2025. 
• With over 89% smartphone penetration across the Emirates, most of us carry a mini bank in our pocket.
• Regional surveys indicate that 45% of adults in the UAE have used mobile lending tools at least once in the past year, and this number is growing rapidly.
• On average, these apps promise approvals in under 20 minutes, with funds landing in your account before you’ve finished your coffee. 

The above facts conclude that partnering with a reputable app development company in Dubai is a great opportunity to build a successful fintech app. In this blog, we’ve gathered the best instant loan apps in UAE, which can help you navigate through the financial challenges.

20 Best Instant Loan Apps in UAE that Offer Easy Cash

Anyone can face unexpected expenses, and having quick access to funds can be a lifesaver. We’ve rounded up the best instant loan apps in UAE, which are selected based on their reliability, user reviews, interest rates, and ease of use:

1. Credy

 

Credy is a reputable instant cash loan app in UAE that offers personal and business loan options. It is perfect for those who need urgent funds without the usual bank hassle. Credy adheres to UAE Central Bank guidelines, employing strong encryption and secure financial practices. 

Loan Details

Loan Amount	AED 500 – AED 6,000
Interest Rate	1 – 1.5% p.a.
Loan Tenure	3 to 12 Months
Processing Fee	3% of the Loan Amount
Early Repayment Fee	2% of Outstanding Loan Amount
Late Fee	2% of the EMI Amount Per Week

Eligibility Criteria

• Applicant should be a salaried employee.
• A minimum monthly income of AED 20,000 is required.
• You should have a low credit score.

How to Apply

• You can start by downloading the Credy app from the Google Play Store or by visiting the website. 
• Register the account with your mobile number, email address, or social login.
• Upload the basic documents, including your Emirates ID (front and back), a clear selfie, and your bank statement.
• Once verified, Credy will show you pre-approved loan offers based on your profile.
• Select the offer that best suits your requirements. You can customize the loan tenure and repayment schedule.

 2. Cash U

 

CashU is one of the most popular loan apps in Dubai, having been operational for over twenty-three years (since 2002). The app features robust security measures that manage your loan and enable you to repay it with clear terms and conditions. So if you’re looking for quick access to a small loan, CashU is a great option to pursue. 

Loan Amount	AED 500 – AED 25,000
Interest Rate	2.5 – 3.5% p.a.
Loan Tenure	3 – 24 Months
Early Repayment Fee	2% of Outstanding Loan Amount
Late Fee	2% of the EMI Amount Per Week (e.g. AED 20 – 50)

Eligibility Criteria

• Applicant must be a resident of the UAE.
• The minimum age requirement is 21 years.
• A good credit score is preferred, but this UAE loan app may consider a limited or no credit history.

How to Apply

• Open the app and sign up using your mobile number and Emirates ID.
• Complete identity verification by uploading the required documents.
• Provide personal information, such as your name, address, income, and employment status. 
• After verification, enter your desired loan amount and choose your preferred repayment tenure.
• If approved, funds are usually credited to your CashU wallet within a few minutes to 24 hours.

Thinking about how much does it cost to build an app in Dubai? Check out our recent blog, which provides an easy-to-understand cost structure.

3. HSBC

 

HSBC offers quick loans in UAE that help you take off your financial burden in crucial times. This app works best on both Android and iOS platforms and offers the best loan plans to help you cover financial constraints. According to a recent report by Allied Market Research, the loan apps market in the UAE is rapidly growing and is expected to reach $20.31 billion by 2027. This means there’s great potential to invest in fintech app development. 

Loan Amount	AED 50,000 – AED 250,000
Annual Percentage Rate (APR)	6 – 7% p.a.
Loan Tenure	12 – 48 Months
Early Repayment Fee	1% of Outstanding Loan Amount

Eligibility Criteria

• The minimum age to apply is 21 years. The maximum age is 65 years for salaried individuals and 70 years for self-employed individuals. 
• You must hold an active HSBC account in the UAE for salary transfer or loan disbursement.
• For expatriates, you need to have a valid residency visa and a salary transfer agreement with HSBC.
• For UAE nationals, a valid Emirates ID and proof of employment are required.

How to Apply

• Visit the HSBC UAE website or download the app.
• Register as a new user with your mobile number and Emirates ID.
• Complete identity verification by uploading required documents, such as a passport, a valid residence visa, and proof of income.
• Select the desired loan amount and choose your preferred repayment tenure.
• Submit the application for review. If approved, funds will be transferred to your HSBC account.

4. IOU

 

 

IOU is an urgent cash loan in UAE that provides a low credit score requirement.. It is highly reliable for dental and medical facilities, retail, grocery shops, hotels, and online businesses. The app offers loans to small businesses to help them streamline daily sales and working capital through partnerships. 

Loan Amount	Up to AED 5 Million
Annual Percentage Rate (APR)	15% – 30% p.a.
Loan Tenure	6 – 36 Months
Early Repayment Fee	None

Eligibility Criteria

• Applicants must own at least 80% of the business.
• A minimum of 8 deposits per month into the business bank account is required. 
• The business needs to generate at least AED 450,000 in annual revenue.

How to Apply

• Download the IOU Financial app from your relevant app store or visit our website. 
• Register your account and complete identity verification by uploading the required documents. 
• Provide personal and financial information, including full name, UAE residential address, monthly income, and employment status.
• Select your desired loan amount and choose a repayment tenure.
• Submit the application, and if approved, funds will be credited to your linked UAE bank account.

5. FAB Mobile

 

 

FAB is one of the top instant loan apps in UAE launched by First Abu Dhabi Bank. This platform offer users a smooth method for requesting and handling personal loans directly on their mobile devices. Many entrepreneurs in the UAE have been investing in loan apps ever since the demand has grown, and partnering with an expert mobile app development company is a cherry on top to drive success.

Loan Amount for UAE National	Up to AED 5 Million
Loan Amount for Expats	Up to AED 2 Million
Annual Percentage Rate (APR)	4.70% – 12.75% p.a.
Loan Tenure	6- 48 Months
Early Repayment Fee	1% of Outstanding Loan Amount

Eligibility Criteria

• You should have a monthly salary of AED 7,000.
• You should be employed by a reputable private, government, or semi-government organization. 
• You must have a valid Emirates ID.

How to Apply

• Download the FAB app from the app store or visit the website.
• Complete identity verification by uploading required documents, including your Emirates ID, passport with a valid UAE residence visa, salary certificate, and bank statements.
• Select your required loan amount and choose your preferred repayment tenure.
• If approved, funds will be credited to your account within 1-3 working days.

6. Flex

Flex is a popular cash loan app that has been getting rave reviews among users. It offers a digital-first approach to borrowing, making it ideal for urgent expenses like medical bills, travel, or home renovations. Flex emphasizes clear terms with no hidden charges, ensuring borrowers understand interest rates and fees upfront.

Loan Amount	AED 10,000
Annual Percentage Rate (APR)	14% – 36% p.a.
Loan Tenure	6 – 36 Months
Early Repayment Fee	None

Eligibility Criteria

• You must submit proof of your identity and income.
• You must be between 21 and 65 years old.
• A minimum of AED 5,000 monthly salary is required.

How to Apply

• Install the app from the relevant store or visit the official website. 
• Sign up using your UAE mobile number and Emirates ID.
• Upload the required documents, including your ID, a valid UAE residence visa, and proof of income.
• Provide personal and financial information, including name, address, monthly income, and employment status.
• Choose your desired loan amount and repayment tenure.

 7. EZ Money

 

EZ Money is the best urgent cash loan in UAE online that is applicable to both residents and visitors. The loan services include payday loans, installment loans, and more, so you don’t need to face the hassles of all the paperwork. Users can get loans within 24 hours and can get flexibility in reimbursing funds for a long time.

The loans have fixed schedule payments that are made every month until they are completely repaid. Make sure you don’t miss out on these apps like Cash Now in Dubai. 

Loan Amount	AED 10,000
Annual Percentage Rate (APR)	14% – 30% p.a.
Loan Tenure	6 – 48 Months
Early Repayment Fee	None

Eligibility Criteria

• A minimum monthly income of AED 3,000 is required for salaried individuals. 
• Must be employed in a UAE-based company with at least three months of employment.
• You must be at least 21 years old and not older than 60 years old.

How to Apply

• Install EZ Money and log in. You can also access the website.
• Set up your profile by entering your basic personal details, such as full name, nationality, Emirates ID, and income source.
• You need to upload clear copies and scans of the following documents: Emirates ID (front and back), passport copy, source of income, and visa copy.
• Once your profile is completed, select your desired loan amount and choose a suitable repayment tenure.
• The loan amount will be directly deposited into your bank account once your application is approved.

Also Read: Are you planning to build a loan app? Connect with the top app development companies in Dubai.

8. Mashreq UAE

 

Mashreq is a modern loan borrowing platform that offers personal, Islamic, and corporate banking solutions. The bank was founded in 1967 and is one of the oldest privately owned banks in the Middle East. Mashreq operates extensively in the UAE and has an international footprint in Qatar, Bahrain, Egypt, Kuwait, the UK, the USA, and Bangladesh. 

Loan Amount	Up to AED 3 million
Annual Percentage Rate (APR)	5.99% to 12.99% p.a.
Loan Tenure	6 – 48 Months
Early Repayment Fee	1.05% of Outstanding Loan Amount (Max.. AED 10,000)

Eligibility Criteria

• You must be earning a minimum of AED 7,000 to be eligible. 
• A good credit score is required. The credit history can be checked on the Al Etihad Credit Bureau (AECB).
• You must be a UAE resident, either an expatriate or a UAE national. 

How to Apply

• You can download the Mashreq app or apply for a loan via the website . 
• Sign up using your email address and other personal information
• Provide basic information, such as your mobile number, passport details, and upload your Emirates ID.
• After considering your personal details, Mashreq UAE will recommend loan plans that align with your financial position.
• You will submit minimal documentation through your Mashreq UAE salary account to be eligible for the loan.

9. Emirates NBD

Emirates NBD is one of the largest banking groups in the Middle East and is headquartered in Dubai. The bank serves individuals, SMEs, corporates, and institutions across the UAE and globally, offering both conventional and Islamic banking services. Emirates NBD offers a range of plans, including personal loans, auto loans, home loans, and expatriate loans. 

Loan Amount	Up to AED 200,000
Interest Rates	4.99% – 19.99% p.a.
Annual Percentage Rate (APR)	5.48% – 20.99% p.a.
Loan Tenure	12 – 48 Months
Early Repayment Fee	1.05% of Outstanding Loan Amount (Max.. AED 10,000)

Eligibility Criteria

• You must be between 21 and 60 years old.
• You must be earning around AED 5,000 to be eligible for the loan.
• If you’re an expatriate, you must hold a valid UAE residency visa.

How to Apply

• You can apply either through a mobile banking app or by visiting their website.
• Sign up using your email address, set a new password, and verify your identity with personal details.
• Provide basic information, such as your mobile number, passport details, visa information, and Emirates ID.
• After assessing your profile, Emirates NBD will recommend personal loan options that suit your income level and credit history. 
• To complete the application, you will need to submit minimal documentation, including a salary certificate and bank statements.
• Once approved, your loan will be disbursed directly into your Emirates NBD account.

10. LNDDO

LNDDO is a licensed digital loan app in the UAE that is officially approved by the Financial Service Regulatory Authority (FSRA) and Abu Dhabi Global Market (ADGM). It offers flexibility, providing short-term loans for individuals and small businesses that may be used for essential equipment, adding fresh inventory, and optimizing cash cycles. 

Loan Amount	Up to AED 300,000
Annual Percentage Rate (APR)	Flexible
Loan Tenure	12 – 36 Months
Early Repayment Fee	None

Eligibility Criteria

• You must be earning between AED 5,000 and AED 10,000.
• You must have a steady income from either full-time employment or self-employment. 
• Showcase your UAE residency visa and proof of residence. 

How to Apply

• You don’t need to visit the branch. You can visit the website or download the app.
• Create an account using your business email and basic details.
• Provide personal and financial information to confirm your eligibility.
• Choose your desired loan amount and repayment term.
• Your application will be reviewed within 10 minutes after submission.
• If approved, funds will be disbursed within a few days.

11. FlexxPay

 

FlexxPay is one of the popular instant loan apps in UAE that caters to earned-wage loans. It offers employees access to earned salaries on demand before the regular payday so they can cover their unexpected expenses and improve their financial stability. You can get a smart, secure, and user-friendly way to access your wages, without incurring interest or harming your credit. If your employer participates, it’s a great financial wellness tool for bridging the pay gap responsibly. 

Loan Amount	Up to 50% of your earned salary (Max. cap of AED 3,000)
Interest Rate	0% (only flat transaction fee up to AED 25)
Loan Tenure	Typically, until your next payday
Early Repayment Fee	None

Eligibility Criteria

• A minimum of AED 5,000 is required. 
• You must be employed with a company that is partnered with FlexxPay. Self-employed or freelancers are not eligible.
• You must be a resident of the UAE.

How to Apply

• Download the FlexxPay app, or you can visit our website.
• Register your account using your mobile number and official work email.
• Provide your basic personal details, such as your Emirates ID, and link your salary account.
• Once your account is active, the app will show your available earned salary.
• Select the amount you want to access and confirm the transaction.
• The requested amount will be transferred to your bank account within minutes.

Also Read: If you’re in search of non-restricted video chat platforms, you can check out our blog to find the top 10 video calling apps in UAE.

12. CashNow

Cash Now is a convenient short-term loan platform for those who need emergency funds quickly. The process is simple and fast, but it comes with high costs and potentially aggressive collection practices if payments are delayed or issues arise. If you’re considering it, make sure you can repay fully within 3 to 6 months, understand total interest and fees, and are ready to handle any repayment issues promptly. 

Loan Amount	AED 500 – AED 10,000
Interest Rate	25% – 34% p.a.
Annual Percentage Rate (APR)	Up to 35.9% p.a.
Loan Tenure	3 – 6 Months
Early Repayment Fee	None

Eligibility Criteria

• You must have a valid Emirate ID and a UAE bank card.
• Freelancers and self-employed individuals are eligible but are required to submit additional documentation.
• You must have a minimum monthly salary of AED 5,000.

How to Apply

• Download the Cash Now app or visit their website.
• Enter a valid UAE mobile number and other personal details to create your account.
• Upload required documents such as Emirates ID, salary proof, and a clear photo of yourself.
• Based on your profile, Cash Now will display available loan amounts and repayment durations.
• Once you agree to the terms, submit your application. Approval will be done within a few hours.

13. LendMe

LendMe is a UAE-based loan app that offers instant loans. Debt levels in the UAE are the third-highest in the region. Around 4.3 million are facing debt, and 12.8% of the UAE residents are seeking loans. Lend Me has a user-friendly application that provides a hassle-free loan approval process and takes minutes to a few hours.

The turnaround time for a personal loan takes 2 to 3 days. Moreover, the process for emerging markets takes 4 or more days, while business loans take up to 10 to 15 days. 

Loan Amount	AED 1,500 – AED 50,000
Interest Rate	5% p.a.
Annual Percentage Rate (APR)	5.99% – 35.99% p.a.
Loan Tenure	65 Days Up to 2 Years
Early Repayment Fee	No Specific Fee Disclosed

Eligibility Criteria

• You must be a UAE national with a valid UAE residency. 
• A good credit score is required to increase the chances of loan approval.
• You must be employed for a minimum period of 3 months.

How to Apply

• Download LendMe UAE from the App Store or Google Play.
• Register and complete your profile.
• Use the in-app calculator to get personalized loan quotes, APRs, and repayment plans.
• Select your preferred loan amount and tenure, review the APR and repayment summary, and proceed if satisfied.

14. Prime Loans

 

Prime Loans is a mobile-first digital lending platform available in the UAE, offering quick personal loans without requiring an extensive credit history. It’s mobile-first design and fast disbursement process make it useful for UAE residents needing quick access to cash for short-term financial needs. 

Loan Amount	AED 30,000
Interest Rate	3 – 18%  p.a.
Annual Percentage Rate (APR)	20% – 48% p.a.
Loan Tenure	91 Days to 1 Year
Early Repayment Fee	No Specific Fee Disclosed

Eligibility Criteria

• Both UAE nationals and expatriates hold a valid residency ID.
• You must have a stable source of income. 
• You must have been employed for between 3 and 6 months.

How to Apply

• Download the Prime Loans app from Google Play or the App Store. You can access it through the website. 
• Create your profile using basic personal information like Emirates ID, phone number, and salary details.
• The app uses AI and digital underwriting algorithms to assess your financial background and create a personalized loan amount. 
• Once accepted, the loan is deposited into your registered bank account or linked digital wallet.

Also Read: If you’re a content creator wanting to share loan-related insights, you can edit your videos with the top AI tools for video editing in 2025.

15. Payit Loan

Payit offers urgent cash loan in UAE online with various loan plans tailored for residents. Do you need quick financial solutions? The application process is lightning-fast and only takes a few minutes. You will receive your approval within 24 hours, without requiring any paper documents, credit history, or rapid credit limit growth.

Loan Amount	Up to AED 50,000
Interest Rate	Starting from 1.5% p.a.
Annual Percentage Rate (APR)	18% – 24% p.a.
Loan Tenure	3 – 24 Months
Early Repayment Fee	None

Eligibility Criteria

• You must be a salaried employee earning up to AED 5,000.
• You need to submit your 3-month salary slip.
• You must be residing in the UAE to be eligible.

How to Apply

• Download the PayIt app or visit their website.
• Sign up using your UAE mobile number and Emirates ID.
• Upload your valid documents and link your salary account or payroll card. 
• Tap on the “Loans” or “Money on Demand” section in the dashboard.
• Choose your preferred amount from the approved range. 
• The approved amount will be transferred to your wallet within 24 hours.

16. RakBank

Rakbank is one of the best instant loan apps in UAE that is legit and seamless. The company was established in 1976 and listed on ADX, so it can be called Dubai’s oldest bank. The bank strikes a great balance between traditional banking values and digital innovation. You get a modern banking app, account opening, card services, payments, and loans.

Loan Amount	Up to AED 20 Million
Interest Rate	2.85% p.a.
Annual Percentage Rate (APR)	7% – 8% p.a.
Loan Tenure	12 – 48 Months
Early Repayment Fee	1% of Outstanding Balance (Capped at AED 10,000)

Eligibility Criteria

• You must be earning from AED 8,000 to AED 10,000.
• Salaried employees must have their income transferred to RakBank account.
• You need to provide additional information, such as business ownership and income statements, if you’re a business owner. 

How to Apply

• Visit the Rakbank website or download their app.
• Sign up by adding your personal details.
• Use the built-in EMI and loan calculator to preview your amount, tenure, and estimated interest. 
• Fill in your details and click “Apply Now”.
• The approval process may take 1-2 business days. 

17. Liv Bank

Liv Bank is the leading digital bank in the UAE that offers instant loans for your personal commitments via the mobile app. The eligible users can apply and get loans without any additional hidden fees, making the process efficient and quick. Users can easily manage their finances, such as checking balances, making transactions and applying for loans, etc. 

Loan Amount	Up to AED 200,000
Interest Rate	8.99% p.a.
Annual Percentage Rate (APR)	10% – 12% p.a.
Loan Tenure	12 – 48 Months
Early Repayment Fee	1% of Outstanding Balance (Capped at AED 10,000)

Eligibility Criteria

• You should have a minimum of AED 5,000 in your Liv account.
• You should have a credit score above 600.
• You must provide recent salary slips for the last 3 months.

How to Apply

• Start by downloading the Liv app or go to their website to sign up.
• Create a Liv Bank account using your Emirates ID and registered UAE mobile number.
• In the app, go to the “Products” tab and select “Personal Loans.”
• Liv uses your salary and banking data to present you with a personalized loan offer.
• Review your loan details and submit it within the app or website. 

18. ADCB Hayyak

ADCB Hayyak offers the best plans to help you meet your personal commitments. If you need financial assistance to invest in your business, this app will never let you get behind. You can apply for a loan online and get it approved instantly without the struggle of visiting a branch or completing paperwork.

Loan Amount	AED 10,000 – AED 4 Million
Interest Rate	3.75% – 25% p.a.
Annual Percentage Rate (APR)	6% – 7% p.a.
Loan Tenure	12 – 60 Months
Early Repayment Fee	1.05 % of Outstanding Balance

Eligibility Criteria

• If you’re a salaried individual, you must have a minimum income of AED 5,000. If you’re self-employed, you need to show a monthly income of AED 10,000 or more.
• Income should be transferred to your ADCB bank account.
• For a self-employed person, your business should have been in operation for the past two years.

How to Apply

• Download the app from your mobile or visit the website.
• Create an account using your Emirates ID. You need to take a selfie and scan documents to verify your identity.
• Fill in key information, such as your mobile number, email address, proof of salary, and UAE residency status. 
• Based on your salary and profile, you’ll receive a pre-approved or eligible loan offer. 
• Submit your application and receive approval within one working day. 

19. Simplylife

Simplylife is an urgent cash loan app in UAE that started with the aim of making life simple and easier for people. It offers personal loans that cover a wide range of expenses, including home expenses, business investments, education, cars, weddings, and more.

Loan Amount	Up to AED 500,000
Interest Rate	6.99% p.a.
Annual Percentage Rate (APR)	8% – 10% p.a.
Loan Tenure	6 – 48 Months
Early Repayment Fee	None

Eligibility Criteria

• Your minimum salary must be AED 8,000 or above.
• Your salary must be transferred to your ADCB bank account.
• You should fall within the age criteria between 21 and 65 years.

How to Apply

• Go to their website to sign up.. You can also apply it via the ADCB Hayyak app if you’re an existing ADCB customer. 
• Enter your monthly salary, company name, and current obligations to get a pre-eligibility check. 
• Fill out the application and upload the required documents.
• Choose your desired loan amount and tenure, and wait for approval.
• Once approved, it will be credited to your ADCB salary account.

 20. Pay-by

Pay-by is an Abu Dhabi-based fintech company that offers world-class loan plans to help you meet your personal and career goals. The application process is straightforward: the user must provide personal and financial details to initiate the loan acquisition process. Pay-by doesn’t require a credit check for loan approval, which makes it easier for individuals with limited credit histories.

Loan Amount	AED 1,000 – AED 50,000
Interest Rate	3.33% p.a.
Annual Percentage Rate (APR)	35.9% p.a.
Loan Tenure	14 days – 6 Months
Early Repayment Fee	None

Eligibility Criteria

• You must submit a video verification to validate your identity.
• You should have an Emirates ID.
• You need to show your proof of income by submitting bank statements.

How to Apply

• Apply directly via the Pay-by Cash Now feature inside the app.
• Enter your Emirates ID and UAE bank card details.
• Approval is typically instant, with terms shown before confirmation.
• Funds will be transferred to your account after approval.

The Rise of Online Loan Apps in UAE

Ever since digitalization has captured global activities, the adoption by the finance industry has surged the popularity of instant loan apps in UAE. Lifestyle and economic conditions have further driven people to use loan apps. The cash loan apps are a lot easier and more convenient to access funds than previous traditional methods. With the assistance of mobile loan apps, you can easily track your loan status, manage payments, and receive customer support anytime and anywhere. According to Tech Sci Research, the number of instant cash loan apps in UAE has grown by 20%.

The Tech Sci Research further showcases the number of respondents who approach urgent cash loan in UAE on the basis of their designation level:

According to the Trading Economics research, the value of loans in the UAE boosted by 5.88% in December 2023.

Also Read: If you’re looking for video editing apps, check out our blog for insights on the top 15 Capcut alternatives.

Which Technologies are Preferred for Loan Apps?

Fintech brands have been embracing digital lending solutions, and to build optimal security measures, they look for suitable app development tools to protect their apps from cyber-attacks. The commonly used mobile app technologies are as follows:

• React Native
• React JS
• Java
• Kotlin
• SQL

The growing fintech industry is opening doors for various cross-platform frameworks as the demand for financial services is scaling rapidly. Collaborating with a leading Flutter app development company is a great approach to building loan apps for various platforms.

Build Instant Loan Apps in Dubai UAE with Trango Tech

Acquiring money through instant loan apps in Dubai UAE has become a lot easier. There are various traditional money lending methods available globally but online apps are known to be the best option due to short turnaround time and feasibility.

If you’re looking to build a reliable loan app, then partnering with Trango Tech is the way to success. We have a team of experienced app designers and developers that creates result-driven apps for you.

General FAQs

Q. How do you get a loan using an app? 

A. Acquiring a loan has become quite easy ever since digitalization has taken over the world. The UAE residents can easily get loans now without visiting physical offices and paper documentation. Here are the following steps to apply for a loan:

Create an Account:

The loan process application begins with signing up for the app. Add all the relevant info, such as your name, email address, and phone number, to create an account.

Completing Application:

You will sign in to the loan app and then go to the application page. You need to add all the relevant information, including personal and employment information. Moreover, mention the loan amount needed and select the desired tenure repayment period.

Upload the documents:

To verify that the information is authentic, you must upload all the necessary documents, including Emirates ID, passport copy, salary slips, and bank statements. These documents will determine the eligibility for acquiring the loan.

Application Submission:

Uploaded all the documents? Now, click on submit to send it to the responsible authority. Your application will be reviewed within a day.

Loan Plan:

You will receive an email that presents loan plans based on your salary, the loan amount required, and the tenure of the repayment. According to Statista, the loan value in UAE expanded to 6.5% in January 2025 since the market for loan apps has grown for a few years.

Get funds:

After selecting the loan plan, our team will review the requirements and reimburse the loan amount within 24 hours. You can now use the amount for your personal and business expenses.

Repayment:

The repayments can be done based on the repayment plan you have selected.

The recent 2023 data reports that the total loan amount was $473.259 billion, and the data remains active status in CEIC.

Q. Which loan app gives instant loans?

A. The loan apps are an excellent source of getting a loan amount in a quick turnaround time. If you’re struggling with financial constraints, instant loan apps can give you long-term relieve from financial burden. As we’ve mentioned in the blog above, there are various loan apps available in the UAE that are reliable and legally certified.

Credy:

It offers quick loans at a low-interest rate. You can get your loan approved within a day without any paperwork tasks. The minimum repayment time is 3 months and can move up to 12 months.

Mashreq UAE:

It is the fastest loan app in the UAE that takes less than 2 minutes to submit your application. You just need an Emirati ID and a salary account in Mashreq Bank.

EZ Money:

It is a free online loan app in the UAE that allows you to earn a loan amount without any hefty processing fees and a tiring documentation process. There are various flexible repayment options, so you don’t have to worry about undesirable circumstances.

FlexxPay:

This loan is developed specifically for low-income employees to access loan amounts up to AED 1,835. Cover all the financial gaps today with an instant loan!

RakBank:

This loan app has highly intuitive and secure features and offers various loan plans for all scenarios. Looking to cover your personal expenses? They’ve got your back.

Simplylife:

This app stays true to its name and aims to make lives simple for everyone through comprehensive loan plans. If you’re looking for expert UAE-based loan app developers, look no further than Trango Tech.

Pay-by:

It is a fintech company that offers first-class loan options for your personal and career goals. The application process takes up to 5 minutes and doesn’t need a credit check for loan approval.

Q. What are the loan requirements for loan eligibility? 

A. There are certain loan requirements that need to be met. Every company has its different requirements, and you need to provide certain documentation to ensure your information is authentic. However, the general requirements in respect to the UAE fintech policies are as follows:

• Age ranging from 21 to 60 Years
• Minimum income for up to AED 3,000
• Credit history
• Must be a resident of the UAE Emirates ID

Q. Are instant loan apps in the UAE safe and secure?  

The loan apps offer advanced security measures to protect users’ personal and financial information. Please make sure to look for its security measures before applying for the loan. For further security, you need to go through the app’s terms and policies regarding repayments, interest rates, and fee charges to have clarity when making a decision. Apart from finding out the cost to develop a messenger app like Botim, you can also look out for the security features in our recent blog.

Q. Can I apply for loans on different loan apps? 

A. Although it is possible to apply for loans on different apps, it is not a good idea. It can severely impact your credit score negatively, and you can be in big trouble when presenting your financial position to lenders.

Moreover, applying for multiple loans doesn’t guarantee approval on all loan platforms. If you face rejection by any of the loan apps, it could further make it difficult to apply for loans in the future. Also, getting multiple loans can make it difficult to compare interest rates and loan terms. It is suggested to carefully review and compare the terms before applying.

Searching for a top-tier app development company for loan apps? Trango Tech has a team of professional developers to help you build a money-making app for you.

If you’re struggling with selecting a mobile app development company, then you need to look out for common factors based on your app’s niche.