A significant portion of the workforce includes domestic maids and laborers from various corners of the world in the UAE. While the country offers tremendous opportunities and a high standard of living, it also presents unique challenges when it comes to paying wages and managing financial transactions for these essential house helps.
Your loan application in the UAE will be rejected if all your EMIs (equated monthly investments) has reached 50% of your monthly income. Thus, your credit history significantly impacts you when you need money in urgent situations.
When you use your credit card for most of your purchases, you may want to withdraw some cash using it. However, they may charge hefty fees if you don’t repay them on time. But, in times of emergency, you need urgent money without interest, and the best way to solve the problem for a while immediately is a cash advance.
When you’re looking for hiring domestic workers, it’s absolutely essential that you’re aware of domestic helpers regulations in the UAE. Without reading the law, you won’t be aware of your rights and your employee’s rights.
Employers can pay domestic help conveniently, instantly and cashless, thanks to payit in just a few clicks.