Emirates Money Commercial Vehicle & Mechanical Equipment Loans
A little support can go a long way in helping you grow your business. Whether you are looking to expand your business or get involved in developing nation’s infrastructure, Emirates Money is there to help you with customized finance options. Our Equipment Loans will help you acquire the right machinery towards meeting your customer’s requirements. We offer financing options for an entire range of new & used construction equipments
Main Benefits
High loan amounts, repayment tenure of 36 months. The finance is available for mechanical equipment.
Documents Required
- Last 3 / 6 months of bank statements
- Passport copy with visa page
- Valid Driving License
- Copy of Trade License & Memorandum of Association
- Power of Attorney
Overview of features
- The company should have a minimum annual sales turnover of AED 1,200,000 to be eligible for this finance.
- The rate starts at 10% per annum
- The processing fee is 1% of the total finance amount
- You are required to put 15% as down payment for this finance.
- There is no minimum loan amount. It will depend on the company profile.
- The maximum loan amount offered is AED 5,000,000.
- The finance amount can be settled in full, by paying an early settlement fee of 5% on the outstanding balance.
- The company should be at least 1 year old in order to qualify for finance.
- The finance repayment period is up to 36 months.
- Upon successful submission of documents, the finance will take 3-5 working days to be approved.
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please contact as soon as possible