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.
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
- Download The CashNow Loan App: Download the free app from the Google Play store
- Sign Up: Set up your CashNow Loan account by filling in your personal in the app
- Select Product: Select your loan terms and conditions
- 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
Be very cautious if someone tells you they can get your funds back from a scam. Sadly, funds recovery is often another type of fraud. Here are some legitimate platforms:
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