NEO Credit offers a practical personal loan solution for borrowers in the ET region. Borrowers can apply for amounts up to ETB 150,000, with transparent interest rates ranging from 9.49% up to 26.49% per annum. Flexible loan tenure is available, spanning between 2 and 48 months, making it adaptable for different needs and budgets.

Applying is straightforward, and the whole process is digital. There’s no need for physical documentation or branch visits. A valid identification and verification of your monthly income (minimum ETB 5,000) are all that is needed to proceed.

Step-by-step Application Process

1. Check your eligibility by confirming your monthly income meets the requirements.

2. Complete the digital application with your Emirates ID and key details.

3. If approved, open a Mashreq account for loan disbursal and repayment.

4. After income and account verification, the funds will be credited to your account quickly.

Advantages of NEO Credit

A fast application (just five minutes) and instant approval help to cover urgent needs without delay. No paperwork or salary transfer is asked, giving you freedom and flexibility.

Personalised interest rates reward reliable applicants. Flexible repayment plans up to four years allow for stress-free budgeting.

Possible Drawbacks

The minimum salary requirement may exclude those with lower incomes. Also, all repayments must go through a Mashreq account, which needs opening and verification.

Interest rates for some borrowers may be on the higher side depending on individual credit profiles and loan duration selected.

Nosso veredicto

NEO Credit is a solid choice for those seeking urgent funds in ET. The fast, digital system, competitive maximum limit, and flexible terms make it appealing. It’s best suited for salaried professionals seeking speed and convenience over traditional branch banking.