Phone Contact Us +1 (833) 442 2711

Top 20 Instant Loan Apps in UAE (2024)

Financial downtime can come to anyone. During times of financial constraints, loan apps in UAE are the best option for short-term loans that require minimal paperwork and a quick approval process. Many people struggle with the documentation process, which makes them hesitate to apply for a cash loan. But ever since technology has evolved and everything now works on smartphones, app for loans in UAE have become the most reliable solution. The latest Statista report presents that the digital loan market has witnessed a growth in demand and has predicted a value of US $12.19 million by the end of 2024. Hence, partnering with a reputable app development company in Dubai is a golden opportunity to build a successful loan app. 

In this blog post, we have listed 20 best-picked instant loan apps and how they can benefit you financially. So, without further ado, let’s scroll further.

Best Loan Apps in UAE 2024 You Shouldn’t Miss Out

Best Loan Apps in UAE 2024

Are you going through a stringent financial crisis? Then, you need to approach instant loan apps to resolve your financial problems. Here are the top 20 best instant loan apps in UAE you can go for acquiring a loan:


Credy is an all-rounder instant cash loan apps in UAE that cover various loan options, including personal and business loans.

The app has a great interface that serves an easy-to-navigate user experience. Moreover, Credy offers flexible repayment options to help you pay back the loan in a suitable timeframe. Here are the following features below:

 Cash U


It offers a simple and user-centric application that offers a wide range of flexible loan options. Cash U has robust security features that manage your loan and repay it with transparent terms and conditions. If you’re looking to get access to cash conveniently, choosing Cash U for personal loan apps in UAE is the best option. 

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.

Partner With The Expert App Developers
Build a successful app now!
Let’s Talk


HSBC is the leading cash loan app that helps 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. You can receive loans ranging from AED 50,000 to AED 250,000, with an APR rate of 7.24%. To confirm eligibility, you must earn around AED 7,500 to avail of the loan. As looking into the recent report by Allied Market Search, the lending app market is rapidly growing and is expected to reach $20.31 billion by 2027.


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

IOU allows users to avail of loans for up to AED 5 million, with flexible terms spanning from 6 to 36 months. In addition, IOU offers various repayment options, including daily, weekly, and bi-weekly.



NowMoney is one of the legit loan apps in UAE, designed especially for low-income workers. You can easily acquire up to AED 2000 to help you cover your emergency expenses. 

Their app has strong security and all-time customer support features, so you can conveniently get loans for your family and friends. The best part is that it is free to use, and there’s no balance required to get a loan. 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.


Flex is one of the most recent loan apps in the UAE and has been getting rave reviews among users. Through this highly intuitive and seamless app, users can easily borrow up to AED 10,000, and instant cash loans are offered all over the UAE. 

The process is simple, and the user can expect to receive the loan transferred to their bank accounts within a day. 

If you’re an Android user and have mistakenly deleted one of your loan apps, find out how to recover your app.

 EZ Money


EZ Money is one of the best loan apps in UAE and is applicable to both UAE 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 up to AED 10,000 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 this popular loan app.

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

Have a Great App Idea in Mind?
Reach out to our experts today.
Get Started

Mashreq UAE

Are you looking for all-rounder financial services in the UAE? Mashreq is the way to go for a quick loan. The criteria for applying for the loan is that the age limit is 60 years for expats and 65 years for UAE nationals. The approved loan has a 1% fee, and the outstanding balance acquires a 1% early settlement fee. You have the limit to avail of a loan of up to AED 3 million based on your nationality and the chosen plan. Additionally, you can get a flat interest rate of 2.63% and a reduced rate of up to 6.25%. The salary must be around AED 7,000 to be eligible for the loan.

Do you want to avail loan through Mashreq app? Here’s the process as follows:

Emirates NBD

Emirates NBD is the quickest and easiest loan app eligible for both citizens and expats in the UAE. You can receive up to AED 200,000 and a repayment tenure of 48 months. Other loan plans include personal loans, auto loans, home loans, and expat loans. The age limit for expats to apply for loans is up to 60, and for UAE nationals, it is 65. 

The processing fee is 1%, with an additional post-approval fee of up to 1.25%. The interest rate is generally offered up to 14.99%, based on the nationality and loan option. You must be earning around AED 5,000 to be eligible for the loan.



LNDDO is a licensed direct 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. 

LNDDO offers funds within one week of application. The loan amount offered to users is up to AED 367K. It features a quick online application, fast loan pre-approval, and flexible repayment options.



FlexxPay is an online lending platform 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. 

The company assists in improving 15% retention rate, 17% increased sales, and 23% growth in productivity in the connected companies. FlexxPay offers up to AED 1,835 salary per month, along with receiving on-demand access to earned income up to 50%. Most importantly, FlexxPay doesn’t charge any interest or implement traditional loan requirements. A nominal fee of up to AED 25 is applied per transaction. Additionally, it doesn’t conduct credit cheques or create debt for users which makes FlexxPay a convenient platform for users.

Bonus Read: Are you looking for different ways to upgrade your mobile app protection? Find out how to add face recognition ID to your phone.



CashNow is a free digital loan app in the UAE that offers fast and efficient loan services. You can get a loan of up to AED 10,000, and the tenure can be selected from 14 days to 6 months. 

To get a loan, you need to fill out the details, including the amount required and the tenure period. Afterward, get your ID verified for a security check and receive your amount within 24 hours. The applicant must have a valid Emirati ID and UAE bank card. 

The loan charges are as low as 3.33% per month and may differ depending on the amount you request and your credit history. Late payments are subject to additional penalty charges.


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, with the increasing demand for corporate loans simultaneously. LendMe has a user-friendly application that provides hassle-free submission and review of loan applications and grants immediate approval if eligible. Additionally, it has a customizable white-label solution and built-in solutions for electronic submission, digital validation, merchant integration, and ID automation. 

The turnaround time for issuing a personal loan ranges from an hour to 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. 

Prime Loans

Prime Loans is a highly convenient loan app that offers amounts up to AED 30,000. The loan process takes less than 5 minutes to complete. The applicant can get a loan quickly without the requirement of a credit history.

If you need a loan for personal expenses or other emergencies, Prime Loans is here to save the day!

Jawab Loans

Jawab Loans is an easy-to-navigate app with various loan plans for UAE 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 any paper documents, credit history, or fast credit limit growth.The loan app offers up to AED 10,000 with repayment periods ranging from 91 to 365 days. The interest rate starts at 3% and scales up to 18% per year, with an Annual Percentage Rate of 48%.

Ready to Build an Intuitive Loan App?
Partner with our professionals today.
Book a Free Consultation Now


Do you need a loan for a home? Or are you planning to get a car for your big family? RakBank has various loan plans to help you build a sustainable future. For personal loans, you need to be earning around AED 5,000 and have at least six months of employment. The interest rate for the personal loan plan starts from 5.69%. The education loan is offered to UAE residents who have an earning potential of AED 10,000. The interest rate offered is around 4.89%. For cash loans, there are no strict salary criteria, but you need to have a 100% fixed deposit against the loan, with an interest rate of 14.9%

RakBank also offers home loans to UAE and GCC nationals, expats, and non-residents. You have the limit to get up to AED 20 million with an interest rate of 3.98%. For auto loans, the users can get a 20% downpayment, an interest rate of up to 2.85%, and a maximum tenure of 60 months.

Bonus Read: If you’re looking for popular mobile apps in the real estate industry, we have listed the top 30 real estate apps for you.

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. For loan eligibility, our salary should be a minimum of AED 5,000 in your Liv account for more than 3 months. Liv Bank provides loans up to AED 200,000, with an interest rate of 8.99% per annum.

ADCB Hayyak

Looking for a reliable digital bank in the UAE? ADCB Hayyak offers instant loan 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. 

There are various personal loan plans available. For UAE nationals and expats, the loan amount offered is within the range from AED 10,000 to AED 4 million. In terms of interest rates, it is scaled between 3.75% to 25% with a flexible payment plan within 60 months. ADCB Hayyak also offers a car loan program, providing 50 Touchpoints for every AED 1,000 and a flat rate of 1.99% for a 12-month tenure. If you’re applying for mortgage loans, the app allows UAE nationals to finance up to 85% of the property value, 80% for expats, and 50% for non-UAE residents. The interest rates are starting from 4.5% per annum.


Simplylife Logo

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 everything, including home expenses, business investments, education, cars, weddings, and more. Simplylife offers loan amounts up to AED 500,000, with a flexible repayment tenure of 48 months. The benefit Simplylife


Pay-by Logo

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 simple: The user needs to provide personal and financial details to get started on acquiring a loan. Pay-by doesn’t require a credit check for loan approval, which makes it easier for individuals with limited credit histories.  

Pay-by provides loans ranging from AED 1,000 to AED 50,000, depending on the minimum salary wage, loan terms, and policies. 

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 Rise of Online Loan Apps in UAE

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

The Rise of Online Loan Apps in States

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.

Final Thoughts

The whole loan procedure has become quite easy. Now, there’s no need to wait hours in long queues and stress yourself out with hefty paperwork. Mobile applications have made the loan process quite efficient. There are various traditional money lending methods available globally but online apps are found to be the better option. If you are looking to build a reliable loan app, partnering with the right mobile app development company is your way to success. Searching for reliable app solutions in the UAE? Trango Tech has got you covered. We have a team of experienced app designers and developers that build platform-specific apps for you. Partner with us today!

Looking for the Best App Solutions in the UAE
Get all-inclusive app development services today!
Reach Out Now

General FAQs

How do you get a loan using an app? 

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 2024 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.

Which loan app gives instant loans?

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. 

What are the loan requirements for loan eligibility? 

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

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.

Can I apply for loans on different loan apps? 

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. 

About The Author

blog author
Rida Shahzad

Rida is a seasoned content writer with over four years of experience in writing across diverse niches. She holds a degree in Business Administration and has a keen knowledge of writing technical blogs, conversion-driven web pages, and online guides. Beyond her skills as a writer, Rida is also an artist, often found painting landscapes and expressing her creativity through poetry.

Leave a Reply

Your email address will not be published. Required fields are marked *

Let’s level up your Brand, together

    Driving Change
    Through Technology

    Contact Us
    CTA Logo