Are you looking for reliable online lending platform in the UAE but don’t know where to begin? Let us simplify your search with our simple but detailed Fintech guide about one of the most popular online instant loan apps in UAE. At the end of this blog, you will have a clear understanding of Prime Loans online app, there available instant credit services, repayment period, amount limit, interest rates, and how to apply for their services in UAE. For those looking for additional loan apps in UAE, check the links below:
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As we start, you should know that the Prime Loans app offers various services, including extra cash advances and mobile banking, with loans up to AED 2000. This financial service provider is best known for its fast loan approval and straightforward application process.
| Loan Amount | AED 1000 – AED 6000 |
| Interest Rates | 3% – 18% p.a |
| Loan Tenure | 91 – 365 days |
| Loan Requirements | Download and install Prime Loans App |
Requirements for taking Prime Loans in the UAE?
If you are in the UAE, here are the required things you must have before thinking of applying for an instant credit top up with the Prime Loans app:
- Be at least 18 years old
- Possess a valid national ID
- Have a mobile phone number
- Be a citizen of the United Arab Emirates, Saudi Arabia, or Qatar
How to apply for a Prime Loan in the UAE on the app?
If you are looking to borrow money in the UAE, here are the steps you can follow to apply for Prime loans online using their mobile banking app:
- Download and install the app from the Google Play Store or Apple Store.
- Create an account by signing up for the services after installation.
- Select your desired loan amount.
- Fill the loan application form
- Choose a flexible repayment date.
- Use the loan repayment calculator to check the interest rate on your loan.
- Submit the loan application form.
- Wait for approval from Prime.
- Once approved, the loan will be disbursed to your specified bank account.
How to repay Prime Loans credit in the UAE
After receiving your cash advance, be sure to repay it on time. The loan app allows you to make payments either in installments or in full. Timely repayment not only increases your next loan limit but also enhances your credit score. A good credit history simplifies the loan application process, regardless of the lending site you use.
Pro and Cons of Prime Loans in UAE ?
Before you consider borrowing instant money on the Prime Loans 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 Prime loans app to take a quick loan in UAE.
| Pros | Cons |
| No credit check Fast loan approval Competitive interest rates Paperless application | Privacy concerns |
How can I contact Prime Loans in the UAE?
If you have any further questions about a Prime loans app, services, their instant credit offerings, approval, payments, or feedback, you can contact Prime Loans via email at [email protected]
Editor’s Remarks
We hope our Fintech guide about instant credit with Prime Loans app in the UAE has answered your most burning questions about this lending platform in Dubai. So, the next time you need extra cash for bills, school fees, or a vacation, don’t hesitate to consider Prime Loans. However, we always emphasize that you understand the loan terms and conditions before accepting the loan amount.
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Frequently Asked Questions
In the UAE, you can easily apply for a personal loan through various lending platforms that offer competitive and affordable interest rates. Start by researching and understanding the loan details, terms, and conditions. After confirming your eligibility, you can apply for the loan and have the funds deposited into your chosen bank account.
In the UAE, several apps provide loans with competitive interest rates and a straightforward application process. These apps include ADCB Hayyak, CDB, Prime Loans, FinBin, IOU, Liv, and Cash Now.
The UAE Government permits you to obtain loans up to 20 times your salary. The loan amounts vary and depend on your eligibility and the lending platform. You may receive a loan up to this limit or a lesser amount based on these factors.
To qualify for an ADCB personal loan in the UAE, you must have a fixed monthly salary of AED 5,000 or more and apply for instant credit and loan services using your Emirate ID and valid phone number.
Prime Loans is one of the most trusted and popular credit app in Dubai where you can borrow money instantly. With Prime loans it’s easy to apply for a mobile money loan from 5000 to 30,000.
Yes, the CashNow loan app is also available for users in UAE to borrow money online instantly using your phone. You will have to download and install the CashNow app from Google play store and install it in your phone. All you need is your Emirates ID and a valid mobile number.
Yes, the prime loan app is one of those popular credit apps in the UAE which provide instant loans to whoever qualifies for their financial services. However, you should also note that this app is not regulated by a top-tier regulator in the UAE.
