Are you in need of urgent financial assistance but don’t have the time to go through the lengthy process of applying for a loan? CashNow has got you covered.
With its easy-to-use loan app, you can apply for a loan anytime, anywhere using your smartphone and Emirates ID. In this article, we’ll delve into the reasons why you should choose CashNow for your next loan.
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Easy Application
One of the best things about CashNow is how easy it is to apply for a loan. All you need to do is download the app and register with your mobile number.
No need to visit a bank or fill out lengthy forms. With CashNow, you can apply for a loan in just a few clicks.
Flexible to Everyone
CashNow understands that financial needs can arise for anyone, regardless of their nationality or job. That’s why it offers loans to anyone who meets the simple requirements, which are as follows:
- 1 valid Emirates ID
- 1 valid bank account
- Age 20 – 55
- UAE Resident
Cash-outs are So Easy
CashNow supports all kinds of UAE bank accounts, so getting your cash-out is a breeze. No need to worry about which bank you use or whether you’ll be able to access your funds.
Secure
Your privacy is a top priority at CashNow. That’s why the loan app is designed with your security in mind. All you need to do is verify your identity and submit the required documents in the app to complete your loan application.
Simple Requirements
The requirements to apply for a CashNow loan are straightforward and easy to meet. With just your Emirates ID and a valid bank account, you can apply for a loan and get the financial assistance you need.
Loan Amount
CashNow offers loans ranging from AED 500 to up to AED 10,000 based on the product you select and your credit record with the company.
This means that you can borrow the amount you need, without worrying about taking on more than you can handle.
Accessible Repayment
CashNow’s repayment options are designed to be accessible and affordable. You can choose a loan term of 91 to 180 days based on your budget and financial plan.
With a normal interest rate of 25% per year and a processing fee of 5% deducted from the net proceed, fees and interest rates are detailed in the CashNow application.
Let’s say you borrowed AED 3,000 with a loan term of 180 days. The monthly payment would be AED 562.50, the amount of interest for the entire loan would be AED 375.00, and the processing fee charged would be AED 150.00.
The total payment would be AED 3,375.00, and the EIR would be 18.4215%.
Frequently Asked Questions
How do I apply for a loan and what are the requirements?
To apply for a CashNow loan, simply download the app and sign up with your mobile number. The requirements are as follows: 1 valid Emirates ID, 1 valid bank account, age 20 – 55, and UAE residency.
How can I get in touch with customer care?
You can contact CashNow’s customer care team via email at help@cashnow.ai, WhatsApp at 0097150-9783342, or Facebook at @CashNow. If you have any questions or concerns, they will be happy to assist you.
What is CashNow’s address?
CashNow’s address is 2312, Addax Office Tower, Al Reem Island, Abu Dhabi, U.A.E.
Conclusion
If you’re looking for a convenient and secure way to borrow money, CashNow’s loan app is an excellent choice.
With easy application, flexible loan amounts, accessible repayment options, and a focus on security and privacy, CashNow stands out from the competition.
Whether you need financial assistance to cover an unexpected expense or to tide you over until your next paycheck, CashNow has got you covered.
So why wait? Download the app today and start your loan application process with ease.