Features:

• Higher Eligibility for Businesses: Enhanced eligibility criteria to support larger loan amounts for businesses.
• Flexible Tenor Up to 48 Months: Extended repayment period to manage cash flow efficiently.
• Lower Interest Rates: Competitive interest rates to reduce the cost of borrowing.
• Top-up Facility Within 6 Months: Option to top up the loan amount within six months of the initial loan.
• Hypothecation of POS Terminals: POS terminals issued by any bank can be used as collateral.

Documents Required:

• Passport Copy with Valid Visa Page: A copy of the business owner’s, director’s, or partner’s passport, including the valid visa page.
• Last 6 Months Bank Statements: Recent bank statements showing business transactions.
• Copy of Trade License & Memorandum of Association (MOA): Copies of the company’s trade license and MOA.
• Power of Attorney (POA): If applicable, a copy of the POA document.
• Audited Financials: Audited financial statements to verify the company’s financial health.

Features:

• Loans Up to AED 7 Million: High loan amounts to facilitate large-scale vehicle purchases.
• Funding Up to 85%: Significant financing coverage for the cost of vehicles.
• Eligibility for Rental Companies: Tailored solutions for rental businesses to enhance their fleet.
• Wide Customer Range: Loans available for all customer segments, from first-time users to strategic customers.
• Insurance Funding: Assistance with funding for vehicle insurance.

Documents Required:

• Bank Statements: Last 6 months of bank statements showing transactions greater than AED 250,000.
• Audited Financials: Audited financial statements for the previous year if turnover is equal to or greater than AED 1 million.
• Passport Copy with Valid Visa Page: A copy of the business owner’s, director’s, or partner’s passport, including the valid visa page.
• List of Current Vehicle Fleet: A comprehensive list of all vehicles currently being used by the company.
• Trade License and Memorandum of Association (MOA): Copies of the company’s trade license and MOA.
• Power of Attorney (POA): If applicable, a copy of the POA document.

Features:

• Funding Up to 90%: High financing coverage for the purchase of vehicles.
• Flexible Finance Scheme: Suitable for both new and used vehicles to cater to different business needs.
• Attractive Interest Rates: Competitive rates to make vehicle financing more affordable.
• Eligibility for First-Time Buyers and Fleet Operators: Financing options available for businesses purchasing their first vehicle as well as those looking to expand their existing fleet.
• Insurance Funding: Assistance with vehicle insurance funding.

Documents Required:

• Bank Statements: Last 6 months of bank statements showing transactions greater than AED 250,000.
• Audited Financials: Audited financial statements for the previous year if turnover is equal to or greater than AED 1 million.
• Passport Copy with Valid Visa Page: A copy of the business owner’s, director’s, or partner’s passport, including the valid visa page.
• List of Current Vehicle Fleet: A comprehensive list of all vehicles currently being used by the company.
• Trade License and Memorandum of Association (MOA): Copies of the company’s trade license and MOA.
• Power of Attorney (POA): If applicable, a copy of the POA document.

Features:

• Loan Amount: Obtain cash loans up to AED 400,000.
• Flexible Repayment Terms: Repayment terms of up to 48 months to suit your business cash flow.
• Top-Up Facility: Option to top up your loan as needed, offering additional financial flexibility.

Documents Required:

• Passport Copy with Visa Page: A clear copy of your passport, including the page with your visa.
• Trade License Copy: A copy of your valid trade license.
• Bank Statements: Original bank statements for the last 3 months to verify income and transactions.
• Memorandum of Association (MOA): A copy of the MOA outlining the company’s structure and ownership.
• Power of Attorney (POA): If applicable, a copy of the POA document.

Aseel Business Finance

Overview:

Aseel Business Finance offers tailored financial solutions for SMEs, addressing both daily working capital needs and asset/service purchases. With the benefits of free key-person protection and expedited processing, Aseel helps SMEs manage their financing requirements efficiently.

Introductory Offer:

• Collateral-Free Financing: No need for collateral to secure financing.

Features:

• Turnover Requirement: Minimum monthly turnover of AED 75,000.
• Protection: Free Key-person Takaful Protection.
• Loan Term: Up to 60 months.
• Business Age: Minimum of 2 years in operation.

Documents Required:

1. Constitutional Documents (where applicable):
   • Trade License
   • Chamber of Commerce Certificate
   • Commercial Register Certificate
   • Memorandum/Articles of Association
   • Service Agency Agreement
   • Notarized Power of Attorney
2. Identity Documents for Key Person(s) & Partner(s):
   • Passport
   • Emirates ID
   • Partner’s Passport
   • Partner’s Emirates ID
   • Key Person’s Visa page (if not a UAE National)
3. Financial Documents:
   • Latest 6 months bank statements

Aseel Business Finance is dedicated to helping SMEs with their financing needs through flexible terms and added benefits, ensuring smooth and effective financial management for your business.

Features:

• Loan Amounts: Up to AED 7 million.
• Financing Coverage: Up to 90% of the vehicle value.
• Eligible Vehicles: Wide range of passenger cars and minibuses.
• Business Requirement: Minimum of 1 year in operation.

Documents Required:

• Bank Statements:
  • Last 6 months for amounts over AED 250,000.
  • Audited financial statements for businesses with revenue equal to or exceeding AED 1 million.
• Identification:
  • Passport copy with valid visa page of the business owner, director, or partner.
• Vehicle Information:
  • List of the current vehicle fleet used by the company.
• Business Documentation:
  • Copy of Trade License.
  • Memorandum of Association.
  • Power of Attorney (if applicable).

This vehicle financing option from Gulf Finance provides substantial support for businesses looking to expand their fleet with up to AED 7 million in loans and financing coverage up to 90%.

Features:

• Flexible Repayment Terms: Up to 48 months.
• Competitive Interest Rates: Tailored to your financial needs.
• Low Insurance Premiums: Affordable Credit and Term Insurance options.
• Dedicated Relationship Managers: Personalized service for your business.
• No Collateral Required: Obtain financing without the need for collateral.
• Top-Up Facility: Available within 6 months.

Documents Required:

• Identification:
  • Passport copy with valid visa page.
• Bank Statements:
  • Last 6 months for amounts up to AED 250,000.
  • Last 12 months for amounts over AED 250,000.
• Business Documentation:
  • Copy of Trade License.
  • Memorandum of Association.
  • Power of Attorney (if applicable).
• Financial Records:
  • Audited financial statements.

Gulf Finance Small Business Loans offer a comprehensive and flexible financing solution to help your business grow and thrive.

Gulf Finance Small Business Loans

Features:

• Loan Amounts:
  • Up to AED 250,000 for new customers.
  • Up to AED 500,000 for loan top-ups or buy-outs.
• Eligibility:
  • Minimum annual revenue of AED 2.5 million, supported by bank statements.
  • Business must be at least 3 years old for trading companies or 2 years old for other types of companies.
• Term:
  • Maximum repayment term of 48 months.
• Interest Rates:
  • 20%-24% for new loans.
  • 18%-20% for loan buy-outs.
  • 18%-22% for top-ups.

Fees:

• Early Settlement:
  • 2% if settled with own funds.
  • 5% if settled using funds from other financial institutions.

Documents Required:

• Bank Statements:
  • 12 months for general trading companies.
  • 6 months for other companies.
• KYC/KYB Documents: Know Your Customer/Know Your Business documentation.
• Financial Information: Verbal financials and copies of invoices (sales and purchase).

Gulf Finance Small Business Loans offer flexible and competitive financing solutions to support your business growth and expansion needs.

Financing Solutions for Your Business

Leverage our financing solutions to effectively manage your cash flow, acquire assets, and support your business expansion.

Features & Benefits:

• Product Options:
  • Murabaha and Ijarah financing products.
• Comprehensive Solutions:
  • Working capital and fixed asset financing:
    • Up to AED 3 million on an unsecured or partially secured basis.
    • Up to AED 5 million on a fully secured basis.
  • Trade finance products including:
    • Sight/Time Letters of Credit (LCs)
    • Cash LCs
    • LC Murabaha financing
    • Various types of letters of guarantee.
  • Vehicle fleet, buses, and heavy truck financing.
  • Initial Public Offering (IPO) financing on a selective basis.

Fees & Charges:

• Processing Fee: 1.50%
• Settlement Fee: 5.00%
• Minimum Annual Turnover: AED 1,500,000

With these financing solutions, you can efficiently address your business’s cash flow, asset acquisition, and expansion needs

Dubai Islamic Bank’s Al Islami Business Finance

Dubai Islamic Bank’s Al Islami Business Finance is designed for businesses with big ambitions, offering up to AED 2.5 million with a straightforward approval process and business-friendly payment options.

Key Features:

• High Financing Limits: Obtain financing of up to AED 2.5 million.
• Competitive Profit Rates: Profit rates range from 17% to 24%.
• Salam Finance Basis: Financing is provided based on Salam Finance principles.
• Flexible Tenure: Repayment terms range from 6 months to 48 months.
• Eligibility Criteria:
  • Minimum Annual Turnover: AED 1 million
  • Minimum Loan Amount: AED 50,000
  • Business must have at least 1 year of operation
• Unique Advantages:
  • No need for an existing account with the bank to apply
  • Flat profit rate starting at 17%, up to 24%, depending on the company profile

Fees & Charges:

• Early Settlement Fee: Up to 1% of the outstanding balance.

With these features, Al Islami Business Finance offers a flexible and competitive solution for your business needs.