Product Tags: Business Finance

Money Mall Team

Dubai Islamic Bank Business Finance

Dubai Islamic Business Finance Dubai Islamic Bank’s Al Islami Business Finance extends up to AED 2.5 million for businesses who think big. With a hassle-free approval process and business-friendly payment options, **Embedded in the price of the goods to be delivered Main Benefits High loan amounts, long repayment tenure up to 48 months. Finance up to AED 2.5 million Competitive Profit Rates** Financing based on Salam Finance Documents Required Constitutional documents of the entity 6 months bank statements last 2 years audited financials (where required) Overview of features The company should have a minimum annual sales turnover of AED 1,000,000 to be eligible for this finance. The rate starts at 15% and can go up to 21% per annum, depending on company profile. The processing fee is 1.5% of the total finance amount The minimum finance amount offered is AED 50,000. The maximum finance amount offered is AED 2,250,000. The early settlement fee is up to 1% of outstanding balance. The company should be at least 1 year old in order to qualify for finance. The finance repayment period is up to 48 months. Upon successful submission of documents, the finance will take 7 working days to be approved. Dubai

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Money Mall Team

Dubai First SME Business Loans

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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