Deem Personal Loan

Deem personal loan allows one to chase their dreams freely as it is light on one’s pocket and yet takes care of every financial need one has.

Personal Loans In UAE

Get Qualified in Seconds

Once you complete your online application it will only take few seconds to tell you if your application qualifies for Deem personal loan.

Instalments That Let You Breath

Chasing your dream is now easier with our personal loans so you can breath easy with Deem affordable installments that won’t hurt your pocket. Choose to repay your loan in 1,2,3 or 4 years.

Deem Won’t Ask You For a Salary Transfer

It’s your money and you get to decide. So Deem let you pay for your installments from the bank account of your choice and won’t bother you with a salary transfer.

Peace Of Mind

Deem Credit Life Plus protects your loans outstanding in the unfortunate events of death and terminal illness. The plan also provisions for repatriation due to death, by taking care of the repatriation expenses of the deceased loan customer to their country of origin.

Deem Finance Personal Loan Interest Rate


The interest rate levied by Deem Finance is a lowering rate of interest, which means that the interest rate decreases with each installment made by the borrowers. The Deem personal loan calculator, which is a tool available online and just a click away, can simply compute this rate of interest.

Let us have an overview of the Deem Finance personal loan interest rate for Expats and UAE nationals

CategoryFixed Rate of InterestReducing Rate of InterestMinimum Salary Required in AEDMaximum Term of Deem Personal loan
Deem Finance personal loan for UAE Nationals11.01 %19.99 %5,0004 years
Deem Finance personal loan for Expats11.01 %19.99 %5,0004 years

How to calculate Deem Finance Personal Loan EMI?


When applying for a Deem finance loan  applicants should keep some crucial factors in mind, such as the Deem Finance personal loan interest rate, EMI, and so on. The loan EMIs are the payments that the borrower must make once Deem Finance Abu Dhabi or the rest of the UAE authorizes their personal loan.

At the time of signing the loan agreement, the EMI is computed using the Deem Finance personal loan calculator. Borrowers could use the Deem Finance loan calculator to determine their EMIs even before applying for the loan.

Eligibility Criteria and Documents Required for Deem Finance Personal Loan


When applying for a Deem finance loan  applicants should keep some crucial factors in mind, such as the Deem Finance personal loan interest rate, EMI, and so on. The loan EMIs are the payments that the borrower must make once Deem Finance Abu Dhabi or the rest of the UAE authorizes their personal loan.

At the time of signing the loan agreement, the EMI is computed using the Deem Finance personal loan calculator. Borrowers could use the Deem Finance loan calculator to determine their EMIs even before applying for the loan.

Eligibility Criteria

CategoryDetails
Minimum Monthly Income5,000 AED
Mode of Receiving Monthly SalaryTransfer to bank account
ID proofsMust have Emirates ID

Documents Required for Deem Finance loan

CategoryDetails
ID/Address ProofValid Visa for UAE Residence, Passport, Emirates ID (copy), and Residence Proof
Bank StatementPrevious 3-6 months’ statements from Salary Transfer Account
Salary ProofIncome documents/ Pay slip (Recent)/ Salary Certificate
Other DocumentsCredit card with recent statement (copy)

Features and Benefits of Deem Finance Personal Loan


Here are a few features and benefits of Deem Personal Loan:

Credit Life Plus: Deem Finance’s embedded program provides benefits to borrowers by covering their outstanding loan balances in the event of total or permanent incapacity, or even death. Their inquiries are prioritized, and they receive free account statements and round-the-clock support. This strategy also includes preparations for repatriation in the event of death. The deceased’s repatriation fees to their place of origin are covered by the Deem loan.

Interest Rate: The applicants of Deem personal loan as it was previously known as, can avail this personal loan at an attractive rate of interest starting at 19.99 % up to 34.99% percent per annum.

Flexible Repayment: The loan can be readily repaid through EMIs by the borrower. The maximum payback period for a Deem Personal Loan is 48 months. Deem personal loans provide borrowers a breath of fresh air with flexible installments that keep their pockets protected. They have the option of repaying their loan in 1, 2, 3, or even 4 years, depending on their needs.

No Salary Transfer: Deem Finance Dubai, as well as the rest of the UAE, recognizes that it is your money, thus you have the option of paying your payments from your Deem Finance bank account or any other account of your choosing. Salary transfer to Deem Finance bank account is not required to obtain a Deem personal loan.

FAQs About Deem Loans


How long will it take for my personal loan application to get approved?

The Neo app is available As per the applicable terms and conditions, your application for Deem Finance Personal Loan gets approved quickly within 2 days.

Is salary transfer compulsory for applying for Deem personal loan?

To create a Mashreq Neo account, you need to have No. Transferring your salary is not compulsory for applying for this loan.

Do I need to submit my residence proof for the documentation of this personal loan?

Yes, You need to submit residence proof to apply for this personal loan.

I am an employee and I wish to apply for this personal loan. What all documents do I need to submit?

With a Mashreq Neo digital account, there is no need for you to visit a Mashreq branch. However, you can visit You must submit a duly filled application form, bank statements of 3-6 months, recent income statements or pay slips. Apart from these, you need to have a copy of a valid Visa for UAE Residence, Passport, and Emirates ID. You also need to submit a valid residence proof, copy of your credit card along with the recent card statement.

Can I settle my Deem Personal Loan early?

Yes, You can opt for early settlement of your Deem Personal Loan. However, you will have to pay an early settlement charge of 1.05 percent of the remaining balance (10,000 AED maximum).

Can I use the top-up facility on this Deem Finance personal loan?

Yes. You can use the loan top-up facility by paying a charge of 1 percent of the amount of loan, where 500 is the minimum fee and AED 2500 is the maximum fee.

Can I apply for this personal loan if I receive my salary by cheque or by cash?

No, You can only opt for this Deem Personal Loan if you get your salary every month in your bank account.

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