CBD CAPEX Finance

Credit Bureau Consent, Welcome Offer & General Terms & Conditions

I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The information provided on this website does not constitute the marketing of any products or services to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Marino, San Marino, Vatican and Isle of man. The content on this website is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals. Find your nearest Citi branch: www.findmyciti.com/ae/. Call us at: +971 4 311 4000.

Address: Citibank UAE, P.O. Box 749, Dubai, United Arab Emirates.

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CBD Bank

WarningMessage This product is discontinued by the Bank

CAPEX Finance

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

36 Months

Approval Time

5 Days

Processing Fee

1.5%

Apply Now
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

36 Months

Tenure

approval time

5 Days

Approval Time

processing fee

1.5%

Processing Fee

Apply Now

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
  • Unsecured
  • Processing fee is 1.5% of the loan amount
  • Repayment period is up to 36 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

⭐ Does the credit card form as part of the benefits to apply for this finance?

A. Yes, credit card is provided as part of this finance for total loan amounts up to AED 3,000,000.

⭐ Do I need to have a business plan to apply for business loan in CBD?

A. Yes, before applying for business loan, you need to have a business plan only then your application can get accepted.

⭐ What all characteristics does CBD look for in business loan candidate?

A. CBD is looking for following characteristics in a business loan applicant like an ability to repay loan, financial stability and has good credit history.

⭐ How easy is it for startups to get loan for their business?

A. For startups it is not easy to get loan. They need to provide collateral, guarantors and strong business plan while applying for business loan.

⭐ Is my personal information safe while applying for personal loan online?

A. CBD has highly secured system. All your information is safe and secured in their system.

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

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