Short-Term Loan refers to a type of credit facility that must be repaid within a defined short period, either three (3), four (4), five (5), six (6), seven (7), or eight (8) months. This facility is designed to support customers with urgent financial needs or short-term cash flow requirements. Customers may apply for the Short-Term Loan conveniently through the MNT mobile application. Upon successful onboarding and approval, Reem Finance will disburse the loan amount directly into the Customer's designated account. The loan is to be repaid in equal monthly installments as per the agreed Terms and Conditions.

Reem Finance PJSC is licensed and regulated by the Central Bank of the UAE. Its registered office address is P.O. Box 111422, Abu Dhabi, UAE.

Short Term Loan primary target market includes salaried UAE Nationals and expats.

This product will be governed by the applicable terms and conditions, which will be shared with the customer upon entering into the agreement. Reem Finance reserves the right to change the terms and conditions and will notify the customer of any changes in writing, 60 days in advance. Repayment schedule will be available through the mobile application with option to download for reference.

In compliance with Consumer Protection Standards issued by the UAE Central Bank pursuant to the Consumer Protection Regulation (Circular No. 8 – 2020), the cooling-off period allows you to cancel the product within five (5) business days of accepting the agreement. You have the option to waive the cooling-off period to enable Reem Finance to immediately disburse the loan. If you choose to retain the cooling-off period, then Reem Finance will not be able to disburse the loan until this period expires. To cancel within the cooling-off period you must give notice by contacting us through our contact details below.

1. Providing original valid Emirates ID and providing the correct information during the application process.
2. Notify Reem Finance of any event of default and Reem Finance will take necessary action at its sole discretion.

1. This product is offered to customers with salaries as low as AED 1,800.
2. Customer's salary must be transferred to a bank account with a valid IBAN.
3. This product is available to customers who do not fall under the following categories: those on a family sponsorship visa, pensioners, Ministry of Defense employees, self-employed individuals.

1. This product is offered in partnership between Reem Finance PJSC & MNT Halan Information Technology L.L.C.
2. Customers may apply for the Short-Term Loan conveniently through the MNT mobile application.
3. Loans will be disbursed directly to the customer's account.
4. Installments will be deducted by direct debit or direct payment to Reem Finance bank account or via a payment gateway available on MNT Halan's mobile application. Repayment will be reflected in the mobile application within 2 business days.
5. Reem Finance is responsible only for disbursing loans to customer's account.
6. Reem Finance will not charge any interest on accrued interest, in line with Article (121), Clause 3 of Decretal Federal Law No. (14) of 2018.
7. Any loan overdue amounts, including overdue interest and penal/late payment charges, will become duly payable to Reem Finance.
8. The facility will be disbursed within a maximum of 10 working days after approval of your request, subject to receipt of properly completed documents and meeting the agreed terms. In case of delay caused by Reem Finance, the customer retains the option to cancel the contract without cost or penalty before the funds are made available.
9. The customer has the right to request the full terms and conditions related to the product and any queries will be answered in writing by Reem Finance.

Interest rate is fixed and calculated based on the below formula: Monthly Interest = (Beginning Balance × Annual Interest Rate × Number of Days in the Month) / 365. Beginning Balance is calculated based on the outstanding loan amount at the start of every month.

Example: loan amount requested AED 1,500, processing fee AED 100, VAT on processing fee AED 5, total processing fee AED 105 (deducted from requested loan amount), tenor 8 months, interest rate 70% p.a. reducing rate, EMI AED 239.96, total interest for 8 months AED 419.68.

EMIs paid by the customer will be allocated first towards the principal due, then the interest due, then any fees or charges due.

APR: 73.05% to 140.73%

APR is a reference rate, which includes applicable interest, fees and charges of the product, expressed as an annualized rate. The APR varies depending on the loan amount — as the loan amount increases, the APR decreases, because the fixed fee becomes a smaller proportion of the total loan cost. Conversely, smaller loan amounts result in a higher APR, since the fixed fee represents a larger share of the overall cost.

APR may also vary depending on the loan tenor. For shorter tenors, the fixed fees and charges are distributed over a shorter repayment period, which can result in a relatively higher annualized APR. For longer tenors, the same fees are spread across a longer period, which may reduce the annualized impact of those fees on the APR.

Any default in payments will result in the following:

• All loan overdue amounts will be immediately payable by the Customer.
• Reem Finance will initiate legal proceedings against the Customer to recover its facility.
• May result in financial losses and penalties to the Customer.
• Rating downgrade on credit bureau, which may limit the Customer's ability to access financing in the future.

• The loan is subject to eligibility criteria, including minimum salary requirements and bank account availability; not all applicants may qualify.
• The APR offered may differ within the published range depending on the loan amount. This will be communicated to you at the time of approval.
• Early settlement of the loan may result in a fee, as permitted by regulation, and as mentioned in this document above.
• The maximum loan amount and repayment period are subject to regulatory caps and internal policy limits.
• If your income decreases, employment changes, or other financial commitments increase, the loan may become less affordable over time.

For any inquiries or complaints, you may contact MNT Halan via WhatsApp at +971555280218.

For complaints escalation, you may contact Reem Finance through:

• Direct: +97126918400
• Email: customerservice@rf.ae
• Complaints: complaints@rf.ae

If you are not satisfied with the resolution, you can escalate your complaint via the independent Ombudsman Unit "Sanadak" established by the Central Bank of the UAE.

• Website: www.sanadak.gov.ae
• Telephone: 800 (SANADAK) 726 2325

For more information / assistance, please refer to the dedicated customer service representative by contacting +971 55 296 2209.