Deem Finance loan requirements shows that you to provide bank statements. These documents show your financial transactions over a period of time, giving them insight into your income, expenses, and overall financial behavior
Introduction
Deem Finance is a company in Dubai that gives people loans. They give loans for things like buying stuff, fixing up your home, or paying for medical things. They’re known for their good interest rates, which means you don’t have to pay back too much extra money on top of what you borrowed.
If you’re between 21 and 65 years old and you live in Dubai, you can apply for a loan or a credit card from Deem Finance.
They don’t just give loans to anyone, though. You have to be in the right age group and live in Dubai. They don’t offer loans for students, though.
They only focus on personal loans and credit cards, which means they help people with their own money needs, not for school.
Getting a loan from Deem Finance is easy. You can apply online or go to one of their places in person. They try to make it quick, so you don’t have to wait too long to find out if you can get the money you need.
Overall, Deem Finance is a company that helps people in Dubai with their money needs. They’re known for their fair interest rates and they make it easy to apply for a loan or a credit card.
If you live in Dubai and need some extra money, Deem Finance might be able to help you out.
History and overview
Deem Finance started in 2019 and is owned by the Gargash Group. They’re really good at giving loans in the UAE. Before you can get a loan from them, you need to have some papers ready, like IDs and stuff. Also, you must have a job that pays you in AED.
Deem Finance always wants to make sure people can handle their loans. That’s why they ask for documents and proof of income. They want to help people responsibly.
Since they began, Deem Finance has focused on helping customers and being honest about their lending. They try to make the loan process easy for everyone.
Because of their good work and partnership with the Gargash Group, Deem Finance has become a trusted name in lending. They keep growing and finding new ways to help people with their money needs.
In the future, Deem Finance aims to keep helping folks in the UAE with their financial goals. They want to keep being a friendly and reliable option for anyone who needs a loan.
Deem Finance offers personal loans with interest rates that start from 15.99% and go up to 34.99% per year. Your specific rate depends on your individual profile, like your credit history, and the length of your loan term.
Requirements
Minimum salary
This means you must earn at least 5,000 AED per month from your job or other sources of income to qualify for a loan from Deem Finance. Having a steady income ensures that you can repay the loan on time without financial strain.
Emirates ID
You’ll need to have a valid Emirates ID, which is an identification card issued by the government of the United Arab Emirates. This card proves your identity and residency status in the UAE, and it’s a crucial document when applying for a loan with Deem Finance.
Bank statement
Deem Finance may require you to provide bank statements. These documents show your financial transactions over a period of time, giving them insight into your income, expenses, and overall financial behavior. It helps them assess your financial stability and ability to manage loan repayments.
Salary certificate
While not always mandatory, Deem Finance might request a salary certificate. This document, issued by your employer, confirms your employment status, job title, and monthly income.
Providing a salary certificate can strengthen your loan application by verifying your income stability and ability to repay the loan.
Residency
You must live or reside in the UAE to qualify for a loan from Deem Finance. This means you need to have a valid residency status in the UAE, whether you’re a citizen, resident, or have a valid visa permitting you to stay in the country legally.
Being a resident ensures that you can fulfill the loan requirements and obligations while residing in the UAE.