How to get started with Deem Finance Personal Loan app in UAE

Re you in the UAE an would like to apply and take an instant personal Loan with Deem Finance, but you are not sure how to get started? We are here to help you find more information about this financial service provider in the UAE. This Fintech guide will help you understand how much loan to take, repayment period, and the available interest rate with Deem Finance mobile app. And for those that would like to consider other loan options in the UAE, consider checking the links below:

Deem Finance, a Fintech company and financial service provider in the UAE, offers personal loans of up to AED 500,000 to UAE nationals. These loans come with affordable interest rates and flexible repayment terms. They also have a mobile app you can download and install to make this easy. The application process is straightforward, requiring minimal documentation as we will see in this guide. Below are some of the key features and details about Deem Finance Personal Loan app in the UAE.

Loan amount	AED 250,000
Interest rates	15.99% to 34.99% p.a
Loan tenure	12 to 48 months

Deem Finance Personal Loan app review

Requirements for Deem personal loans in UAE

In case you are in UAE and would like to apply and get an instant credit top up with Deem Finance Personal Loan via their mobile app, here are the requirements you must have:

Provide a copy of your Emirates ID
Present your passport for identity verification
Submit bank statements
Provide a salary certificate or pay slips to verify your employment and monthly income
Complete and sign the loan application form

Eligibility criteria for Deem personal loans

To apply for Deem personal loans via their mobile app in the UAE, you must meet the following criteria:

Be between 21 and 60 years old
Have a consistent source of income
Earn a minimum salary of AED 5,000

Pro & Cons of Deem personal loans in UAE?

Before you consider borrowing instant money on the Deem Finance Personal Loan app in the UAE, we advise you to weigh the pros against the cons to understand what suits you best. Here are some of the benefits and challenges you should expect when it comes to using the Deem Finance Personal Loan app to take a quick loan in UAE.

Pros	Cons
Less paperwork No salary transfer required Affordable monthly installments	Loan processing fee of 1% Late repayment fees are applicable at 2.1% of outstanding balance Credit check

Pros & Cons of Deem Finance Personal Loan app in UAE

How can I apply for a Deem personal loan?

In case you would like to apply for instant credit top up with the Deem Finance Personal Loan app in the UAE, you will have to follow the steps below to get started:

Visit Deem’s application website on your device.
Select personal loans from the menu.
Fill out the loan application form with your details, such as address, name, and contact information.
Review the form to ensure all details are correct.
Click the “Continue” button to submit your application.
Wait for Deem Finance to verify and approve your loan application.
Once approved, the loan amount will be disbursed to your chosen bank account.

Editor’s Remarks

We hope this article has helped you with your loan application journey at Deem Finance Personal Loan via their mobile app in the UAE. These personal loans can provide the extra funds you need during urgent situations. For further inquiries, you can visit them at Awad Al Otaiba Building (Al Reem Plaza), P.O. Box 44005, Abu Dhabi, UAE, or contact their toll-free customer service number at +971600525550 for assistance.

Frequently Asked Questions

What is the interest rate for a personal loan in Deem Finance?

Deem Finance provides competitive interest rates starting at 15.99% and going up to 34.99% annually. The specific rate applicable to you depends on the amount you borrow and the duration of your loan.

Which bank is Deem Finance under?

Deem Finance is a reputable financial services provider regulated by the Central Bank of the UAE and affiliated with the prestigious UAE conglomerate, Gargash Group. They are legit money lenders through their digital and mobile application in the UAE.

What is the minimum salary for Deem Finance?

The minimum salary requirement for Deem Finance is typically AED 5,000 per month in order for you to qualify and apply for an instant credit top up with Deem Finance loan app in the UAE

Does Deem Finance check credit score?

Yes, Deem Finance generally checks the credit score of applicants as part of their loan approval process. To be able to apply for an instant credit top up with Deem Finance loan app in the UAE, your credit score must be good.

Who owns Deem Finance?

Deem Finance in the UAE is owned by Gargash Group. The acquisition by Gargash Group was made to expand and deepen their financial services offerings in the market.

Can we withdraw cash from a Deem credit card?

Yes, you can withdraw cash from a Deem credit card. This process is known as a cash advance. However, be aware that cash advances typically come with higher interest rates and additional fees compared to regular credit card purchases. It’s important to check the specific terms and conditions associated with your Deem credit card for detailed information on fees and interest rates.

Is Deem finance the same as Dunia finance?

Yes, Deem Finance and Dunia Finance are the same entity. Dunia Finance rebranded to Deem Finance in September 2019. The rebranding was part of the company’s strategy to enhance its market presence and expand its product offerings in the financial services sector.