CashNow Loan Review: Is CashNow Loan A Scam Or Legit

About CashNow Loan

CashNow Loan is one of the United Arab Emirate’s new credit apps that allows people to borrow and repay money anywhere, anytime with a mobile wallet.

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According To CashNow Loan; The CashNow Loan app offers affordable online loans which cater to customers from different countries

CashNow Loan Requirements

  • You need a valid ID to qualify for a CashNow Loan. ID Type should be, Emirate ID
  • You must be a resident of the United Arab Emirate
  • You must be 20 – 55 years of age
  • Bank Account: You must have a bank account registered in your name for at least two months.

How To Apply For CashNow Loan

  1. Download The CashNow Loan App: Download the free app from the Google Play store
  2. Sign Up: Set up your CashNow Loan account by filling in your personal in the app
  3. Select Product: Select your loan terms and conditions
  4. Get Approved: Approval is in real-time. Once approved the funds will be disbursed to your Bank account

CashNow Loan Review

Loan Amount: AED 500 to up to AED 10,000

Loan Term: 91 days to 180days

Loan Interest: 25% per year and 5% processing fees

For example amount of AED 3,000.00 with a limit of 180 days. The interest rate of 25% / year

The monthly payment is: AED 562.50
The amount of interest for the entire loan is: AED 375.00
The processing fee charged is: AED 150.00
The total payment is: AED 3,375.00
EIR is: 18.4215%

Is CashNow Loan Real Or Fake?

Status: CashNow Loan might be a scam. Use the app at your own risk!

CashNow Loan App Download

Download the CashNow Loan app from here