Dubai First SME Business Loans

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Dubai First SME Business Loan
Dubai First brings you SME Business Loans, a hassle-free solution to help you run your business more effectively and facilitates business entities to meet their small business needs including working capital requirements and other business expansion and personal needs

Products Offers

1. SME Business Loan – funding of small and medium size enterprises for working capital and expansion purposes
2. Personal Loan for Self Employed – personal loan provided to the authorized signatory of the company

Key Features

Easy documentation
Quick processing
Collateral Free
Tenure up to 48 months
Attractive interest rates

Basic Eligibility

Minimum length of business of 1 year
Minimum average sales turnover of AED 75,000 per month

Documentation

Copy of valid passport, visa and Emirates ID of each partner
Valid Trade license copy and incorporation documents
Copy of Tenancy Contract
6-month bank statement of the company account
3 months personal bank for Personal Loan for Self Employed

SME Business Loan Schedule of Charges

Processing Fee 2% of the approved loan amount

Interest Rate (Reducing Balance ) 16% p.a. to 26% p.a.

Insurance/ Credit Shield 0.75% of the approved loan amount

Early Settlement 5% of the Principal Outstanding

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