New digital lending service gives eligible du Pay customers fast, flexible access to cash loans
du Pay, the advanced digital financial services subsidiary of du, has announced the launch of Flexi Cash Loan, a new digital cash lending product.
The new service, now live on the du Pay application, gives eligible customers access to short-term cash loans of up to AED 5,000 instantly. The service is being rolled out in phases initially to a portion of registered clients to ensure subsequently a smooth loan application and approval experience for all customers.
The launch reflects du Pay’s strategy of expansion beyond payments and remittances into everyday financial services that address the real needs of nationals and expats.
Eligibility for loans
The more customers use du Pay for their regular financial needs, the closer they come to eligibility for loans. du Pay customers can check their eligibility on the du Pay app and once approved, they can access funds within minutes.
The product design is centred on transparency and ease of use. Customers are presented with clear pricing upfront through a fixed one-time fee, with no hidden charges, and repayment period.
“It is a fast, seamless and secure experience that reflects our commitment to building a more inclusive digital financial ecosystem,” commented Roberto Mancone, CEO, du Pay.
The launch reinforces du Pay’s role in advancing financial inclusion in the UAE, extending its digital wallet ecosystem with instant, paperless access to credit.
