Naveen Raj

Review of Dunia Finance

They are money makers - Yes. Everybody knows that ...

They are money makers - Yes. Everybody knows that their interest rate is high and people still take it because of so many personal reasons. Their interest rate is 8 times than any other established bank in UAE. And, they make money out of their customer's crunch situations. This is extremely unethical. I am not sure how by law it is fair to charge a customer 40% interest rate. I took 20000 loan (48 months) and paid 902 each month for 20 months. I went for a foreclosure and I had to pay 15700 when I have already paid 18040 in EMI's.

Even their CC, they charge you on a daily basis and each cash transaction of AED 300 with interest. Whereas other banks at AED 100.

Please do not fall into their trap. It took 20 months for me to come out of it. Dubai police, please help their poor customers.