Liv personal loan is on testing phase, Recently Liv Bank just invited selected group of users to avail and test liv personal loan product After Successful testing Liv Personal Loan product will be offered to Existing Liv account holders meeting all the credit criteria such as Monthly Salary above 6,000 per month,
Emirates NBD opens E20 Digital Business Bank, Its UAE’s first mobile-only digital business bank for startups, entrepreneurs, SME’s and other businesses. E20 Digital Business Bank will enable start-ups, sole proprietors, freelancers, gig economy workers, other small and medium sized companies to open a Business bank account to carry out their day-to-day banking transaction easily through a mobile app as well as access a variety of services to help them in managing their business E20 is currently in Beta, and pre-registered users started receiving Invites to test the services on IOS devices.
At present, Your Credit Score has become very important in UAE, Banks decide your eligibility for loans, credit cards, and other products based on your credit score and report. Many unexpected businesses are looking to credit score and deciding what your creditworthiness is, large corporate employers are also started checking your credit history, as per recent news a Real estate companies also checking your credit score before giving an apartment on rent, There are hundreds and many factors that affect the credit score. Meanwhile, we take look at the top 5 factors that affect your credit score. 1. Payment History 2. Credit usage 3. Age of credit history 4. Types of credit 5. Recent credit inquiry /applications Payment History Payment history is the most important part of your credit score, Globally it decides the 35% to 40% of your credit score. If you had lent some money from a lender the first question you will hear is “When you will return it”? So the longtime on-time payment will be best for your credit scores. While missing a payment could hurt them. Serious repayment issues, like write-offs, collections, bankruptcy, repossession or foreclosure can devastate your credit score, which may also make
MoneyMall aims to drive financial Inclusion in MEASA region
What is my Credit Score? How to check your Credit Score in UAE?
AECB office in either Dubai or Abu Dhabi will provide you Credit score while you visit, you need to provide your Emirates ID and other Identification documents along with a request form.