CashNow is one of the popular instant loan providers in the UAE, offering quick financial assistance without lengthy paperwork. However, many applicants face loan rejection due to common mistakes. If you’re applying for a CashNow loan in 2025, it’s essential to understand the reasons why your application might be denied and how to avoid these issues.
1. Providing Incorrect Friend’s Phone Number and Details
When applying for a CashNow loan, the app may require you to provide a friend’s phone number for verification. If you enter an incorrect or fake number, your application can be flagged and rejected. CashNow verifies this contact to assess your credibility and repayment ability.
How to Avoid:
- Always provide an active and correct contact number of a reliable friend or family member.
- Ensure your reference is aware of the verification process.
2. Submitting False Personal Information
Providing incorrect details about yourself, such as name, salary, employment, or address, can lead to immediate rejection. CashNow cross-checks your provided information with official records and any discrepancy can result in loan denial.
How to Avoid:
- Ensure all personal details match your Emirates ID and bank records.
- Double-check your salary and employment details before submitting.
- Avoid exaggerating or providing misleading financial information.
3. Using a VPN During the Application Process
Many applicants use a Virtual Private Network (VPN) to access loan services. However, CashNow does not support VPN usage and may reject applications from users hiding their real location.
How to Avoid:
- Always apply from a valid UAE IP address without using VPN services.
- Ensure your location matches your registered UAE residency details.
4. Using a Wallet IBAN Number for Loan Disbursement
CashNow requires applicants to provide a valid UAE bank account IBAN for loan transfers. If you enter an IBAN from digital wallets such as Payit, e& Money, or Botim Wallet, your loan application may be rejected.
How to Avoid:
- Use an IBAN from a UAE local bank instead of a digital wallet account.
- Ensure your bank account is active and under your name.
5. Emirates ID Expiring Within Six Months
CashNow requires a valid Emirates ID for loan approval. If your Emirates ID is expiring within six months, your application is likely to be rejected as it raises concerns about your residency status.
How to Avoid:
- Renew your Emirates ID before applying for a loan.
- Ensure your ID is valid for at least six months to meet CashNow’s eligibility criteria.
Watch Video Also
Final Thoughts
Understanding and avoiding these common mistakes can significantly improve your chances of getting a CashNow loan approved in the UAE. Always provide accurate details, avoid VPN usage, and ensure your Emirates ID and IBAN meet the necessary requirements. By following these tips, you can successfully secure financial assistance when needed.
For more banking and finance-related guides in the UAE, visit uaeinfopro.com regularly for the latest updates!
