National Bank of Abu Dhabi Business Loan

nbad business finance

NBAD Business Loans &  Business Credit Cards

Main Benefits
High loan amounts, long repayment tenure up to 48 months.
Documents Required
  • Application form
  • Valid Trade License
  • Valid passport copy of owners / partners with valid residence visa for expatriates
  • Emirates ID copy
  • Valid UAE National sponsor passport copy
  • Share Certificate / Certificate of Incorporation
  • Notarized power of attorney of expat mentioning the borrowing clause clearly
  • Audited financials (for higher finance limits) or in-house financials, Memorandum of Association mentioning the borrowing clause clearly (if the MOA doesn’t mention the borrowing clause, then Board Resolution / Power of Attorney will be required)
  • Utility bill or tenancy contract of the borrower (not more than 45 days old).
Overview of features
  • The company should have a minimum annual sales turnover of AED 1,000,000 to be eligible for this finance.
  • This rate is currently not available. Please contact the bank for further information
  • The processing fee is 2% of the total finance amount
  • The minimum finance amount offered is AED 100,000.
  • The maximum finance amount offered is AED 3,000,000.
  • The early settlement fee is 3% of outstanding balance.
  • This information is currently not available. Please contact the bank for further information
  • The finance repayment period is up to 48 months.
  • Upon successful submission of documents, the finance will take 7 working days to be approved.

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