Deem Finance Personal Loan

What is a Deem Finance Personal Loan?

Deem Finance personal loan caters to diverse financial needs with flexible terms and attractive rates. Whether you’re planning a major purchase or managing unexpected expenses, the banking institution provides a streamlined application process and swift approvals.

With a customer-centric approach, Deem Finance offers tailored loan options designed to align with your financial goals, ensuring transparency and ease throughout the borrowing experience.

What are the Features and Benefits of a Deem Finance Personal Loan?

Here are the key features and benefits of the Deem personal loan in the UAE:

• No salary transfer required
• Flexible loan repayments within 4 years
• Minimal documentation is needed
• Quick loan approval, often within minutes

Eligibility Criteria for Deem Personal Loan in the UAE

The primary criterion to be eligible for the Deem Finance personal loan is your monthly salary which must be at least AED 5,000 or more.

Additional eligibility criteria may apply. For more info, get in touch with your bank directly.

Everything You Know about Personal Loan Eligibility

What Documents are Required to Apply for a Deem Finance Personal Loan?

The following documents are required for the Deem Finance personal loan processing:

• Emirates ID
• Passport
• Income Proof- Bank Statements, Certificate or Pay Slips

Note: Additional documents may be required by the bank.

Applying for Deem Finance Personal Loan in UAE

Now you can easily apply for a Deem personal loan through our digital portal, Policybazaar UAE. Just follow these steps:

1. Click ‘Banking Products’ on our homepage.
2. Complete the lead form.
3. Locate and select the Deem Finance personal loan.
4. Proceed with the on-screen displayed steps.

Benefits you can unlock when you apply for a personal loan in UAE via our website:

• 24/7 customer assistance to help you with your queries and application process.
• A wide range of personal loan products to choose from.
• Swift and hassle-free application process.
• Competitive applicable interest rates.

Deem Finance Personal Loan: Fees and Charges

The key fees and charges of the Deem Finance personal loan are mentioned below:

Type of Fee	Charges
Processing Fee	1% of the loan amount Minimum AED 500 Maximum AED 2,500
Loan Rescheduling Fee	AED 105
Early Settlement of Loan	1.05% of the remaining balance — maximum of AED 10,000
Partial Payment Charges	1.05% of partial payment — up to AED 10,000
Liability Letter	AED 63
No Liability Certificate	AED 63
Loan Top-Up	1% of the loan amount — minimum AED 500 and maximum AED 2,500
Loan Cancellation Fee	AED 105
Delayed Payment Penal Interest Charges	2.1% of the delayed amount — minimum AED 52.5 and up to AED 210

How to Use the Deem Finance Personal Loan Calculator?

The Deem Finance personal loan calculator allows you to estimate the monthly installments beforehand. This online tool helps you make an informed decision without hampering your monthly budget. Follow these steps to use the calculator:

• Step:1 Access the Deem Finance personal loan calculator on its official website.
• Step:2 Alternatively, you can use our personal loan calculator here.
• Step:3 Enter the details:

i) Provide the loan amount

ii) Specify the loan tenure (in months or years)

iii) Enter the interest rate

• Step:4 The monthly installment amount will be displayed at the bottom of the calculator.

Note: The final interest rate is determined by the bank so the actual monthly installment you calculated before may slightly vary.

Calculate Your EMI for Deem Finance Personal Loan

Deem Finance Personal Loan: Terms and Conditions

If you breach the terms after receiving the Personal Loan, Deem finance can take the following actions:

• Charge a penalty for delayed payments on your loan account.
• Re-present a Direct Debit Authority (DDA) if it is returned unpaid. Your financial institution may also charge fees for returned DDAs.
• Report irregular payments to a Credit Information Agency, which may affect your ability to borrow in the future.
• If default continues, demand immediate repayment of all amounts owed, including principal, interest, and fees. If you don't pay, Deem may enforce and liquidate any collateral you provided and may take legal action.

Note: Please refer to the bank’s website for detailed terms and conditions of personal loans.

Frequently Asked Questions