CBD Cheque Discounting Finance

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CBD Bank

Cheque Discounting Finance

Flat Rate

6.06%

Reducing Rate

11%

Min Finance Amount

AED 100K

Max Finance Amount

AED 3000K

Early Settlement Fee

1.5%

Min Annual Turnover

AED 2000K

Tenure

4 Months

Approval Time

5 Days

Processing Fee

2%

Apply Now
flat rate

6.06%

Flat Rate

reducing rate

11%

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

4 Months

Tenure

approval time

5 Days

Approval Time

processing fee

2%

Processing Fee

Apply Now

View details on bank page

Features

  • The reduction rate and the flat rate is 11% and 6.06%. This denotes that the computation done was a division of the reduction rate by 1.815
  • Provides maximum finance amount of up to AED 3,000,000
  • Early settlement fee is 1.5% of the finance amount
  • Processing fee is 2% of the loan amount
  • Repayment period is up to 120 days
  • 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.

⭐ What is the maximum term for the CBD?

A. The maximum term for the finance is 120 days.

⭐ Do we have to pay processing fee while applying for business loan in CBD?

A. Yes, you need to pay 2% of the finance amount as processing fee.

⭐ How does CBD bank decide our monthly installments?

A. Monthly installments are decided on the basis of your finance amount and monthly salary date.

⭐ Do we have to pay processing fee while applying for business loan in CBD?

A. Yes, you need to pay 2% of the finance amount as processing fee.

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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