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Other Business Loans From CBD
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CBD Goods Finance
- 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 1.814
- 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
- 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
- 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
⭐ What is the minimum length of business required to apply for this finance?
A. The minimum length of business required to apply for this finance is 2 years.
⭐ 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.
⭐ I already have a business but I want to expand it. Will I be provided loan for expansion of business?
A. Yes, bank will carefully evaluate your company's profitable business plan record and the expansion plan presented before approving your loan.
⭐ How much finance can I get from CBD if I apply for business loan?
A. Finance amount is determined on the basis of your credit history, collateral being offered and monthly income.
⭐ How does the bank checks my eligibility to apply for business loan?
A. Your eligibility is decided on the basis of following factors:
1. Credit score
2. Monthly Income
3. Outstanding debts
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:
Get in touch with CBD Customer Care