Business Loan in UAE

Get Business Loan in UAE

If you are a Business owner looking for additional capital to expand your business, refinance your business, restructure your balance sheet or repay member/shareholder loans, a Business Loan at lowest rate from well-known UAE Banks via Money Mall is a cost-effective way to support your business.
We can arrange business loans in Dubai, Abu Dhabi or elsewhere in UAE.

What we do?

We, at MoneyMall.ae are giving the business owners of UAE the power to manage and scale up their businesses with flexible business loans terms, so the small and large business owners can take the effective and profitable decisions.

Business Loans Features and Benefits

Different banks offer different terms and conditions; however the most general terms for Business Loans in Dubai, Abu Dhabi, Sharjah and other parts of UAE are:

• Loan Amount can vary from 50,000 AED to 5 Million AED.

• Most banks don’t require collateral.

• Flexible re-payment options, which can range from 2-5 years. The repayment period usually depends on the amount of loan taken.

• Documentation is usually very simple and the approval process is also quick if you have all the documents ready.

• Interest rates also vary from one bank to another.

• Most banks offer a Dedicated Relationship Manager to ensure all the client`s requirements are met, and all the questions are answered.

• Along with the business loan, you will also get a Business Current Account with the lending bank that will have no minimum balance requirement.

• Most banks offer a Credit Card as well in addition to the Business Loans in UAE.

In addition to offering small loans through retail banking, most of the UAE banks offer the option of Business Loans as well, to SME (Small and Medium Enterprise) customers. Business Loans in Dubai, Abu Dhabi, Sharjah all over UAE can vary anywhere from 50,000/- AED to 5,00,000/- AED. Most banks have established separate departments to facilitate the business loans applications. Business Loans in UAE are granted within the period of 7-25 working days from the date of application. Some of the general terms for Business UAE Loans are (may vary depending on the bank you opt for):

• Loan Repayment Period: 12-60 months

• Interest Rate: From 15% to 24% reducing per annum

• Loans Amount: 50,000/- AED to 5,000,000/- AED

• Islamic Murabah options also Available

To start business loans in uae application

General Requirements for Business Loans in UAE you need

• Bank statement of Business or Personal account for last 6 to 12 months.

• You should be running the business for at least 1 year.

• Business turn over must not be below AED 50,000 per month

• Company Audit financials are preferred – Not Must

• Banks may also offer term loans in UAE with very attractive interest rates depending on the credibility, reputation and the size of the company.

Basic Required Documentation for Obtaining a Business Loan in UAE

• A copy of trade-license

• All applicable Incorporation documents: Partnership agreement, Power of Attorney, Memo of Association, etc.

• Bank statement of last 12 months.

• Valid passport for owner and all partners (where applicable).

• The documents requirement will also vary from bank to bank, but generally the above mentioned documents will be required.

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