Aseel Business Finance
Minimum Revenue
AED 0
Monthly payment
AED 0
Flat Rate
11.58%
Maximum Term
4

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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.

Calculator Terminology

Principal Amount: The initial amount of money borrowed.

Annual Interest Rate (%): The yearly interest rate applied to the loan or credit product, also known as APR in this context.

Loan Term (Years): The original duration of the loan or credit agreement, stated in years.

Effective Monthly Payment: The total monthly payment that accounts for all fees and associated costs related to the product.

Calculated Annual Percentage Rate (APR): The APR is computed using the annual interest rate along with fees and other expenses. It serves as a standardized measure for comparing the overall cost of different products with varying interest rates and fee structures across different financial institutions.

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