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CBD Business Rent Loan

CBD Bank

WarningMessage This product is discontinued by the Bank

Business Rent Loan

Flat Rate

6.62%

Reducing Rate

12%

Min Finance Amount

AED 100K

Max Finance Amount

AED 3000K

Early Settlement Fee

1.5%

Min Annual Turnover

AED 2000K

Tenure

12 Months

Approval Time

5 Days

Processing Fee

1%

flat rate

6.62%

Flat Rate

reducing rate

12%

Reducing Rate

AED 100K

Min Finance Amount

maximum finance

AED 3000K

Max Finance Amount

early settlement fee

1.5%

Early Settlement Fee

minimum turnover

AED 2000K

Min Annual Turnover

tenure

12 Months

Tenure

approval time

5 Days

Approval Time

processing fee

1%

Processing Fee

Features

  • The reduction rate and the flat rate is 12% and 6.62%. This denotes that the computation done was a division of the reduction rate by 1.812
  • Provides maximum finance amount of up to AED 3,000,000
  • Early settlement fee is 1.5% of the finance amount
  • Processing fee is 1% of the loan amount
  • Repayment period is up to 12 months
  • Provides minimum finance amount of up to AED 100,000
  • 2 years minimum length of business is required to qualify for this finance
  • The maximum annual turnover limit to be eligible for this finance is AED 40,000,000
  • Minimum annual sales turnover of AED 2,000,000 is needed to apply for this finance
  • You need to have a bank account with CBD to apply for this finance
  • After successful submission of documents, within next 5 working days the bank will approve the loan

Required Documents

  • Trade License should be valid
  • All the partners and local partners are required to submit passport copies while applying for the finance
  • All the partners and local partners are required to submit Emirates ID while applying for the finance
  • Audited financials of last 2 years have to be submitted to the bank
  • Application form
  • Copy of share certificates

Benefits

  • Finance amount is high
  • Long and flexible repayment period is provided by bank
  • A dedicated relationship manager guides you throughout the process
  • Documentation process is simple and easy
  • Provides business credit cards for loan amount up to AED 3,000,000

Frequently Asked Questions

⭐ How many days does the bank take to approve the loan?

A. Bank takes up to 5 working days to approve the loan.

⭐ Where can I use my business loan?

A. You can use your business loan for reasons like to buy business equipment, buy a business, refinancing existing debt or permanent working capital.

⭐ Why is it suggested to refinance your existing loan?

A. It is suggested to refinance your existing loan because interest rates will be charged low in such case.

⭐ Who all can avail business loan service from CBD?

A. Businesses which need to grow and create jobs can avail business loan in CBD.

⭐ What if my loan application got rejected first time. Can I apply again? If yes, then when?

A. Yes, you can again apply if your loan application got rejected first time. As long as your circumstances have changed from last time when you applied for business loan. 3 months from then you can again apply for business loan application.

CBD

Commercial Bank of Dubai (CBD) offers a wide range of retail and commercial banking products and services, in both conventional and Shariah-compliant formats, with a network of 26 branches and over 210 ATMs throughout the UAE. The bank endeavors to build sustainable prosperity through extraordinary banking experiences. CBD commits to:

  • Authenticity
  • Simplicity
  • Partnership
  • Innovation
  • Responsibility
  • Excellence

   Get in touch with CBD Customer Care