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Thank you for providing your details.Emirates Money Loan Against Gold
Loan Against Gold
Features
- The reduction rate and the flat rate is 9% and 4.96%. This denotes that the computation done was a division of the reduction rate by 1.814
- Provides maximum finance amount of up to AED 5,000,000
- Early settlement fee is 5% of the finance amount
- Processing fee is 1% of the loan amount
- Repayment period is up to 36 months
- Provides minimum finance amount of up to AED 20,000
- Minimum annual sales turnover of AED 60,000 is needed to apply for this finance
- You need not have a bank account with Emirates Money to apply for this finance
- After successful submission of documents, within next 3 working days the bank will approve the loan
Required Documents
- Audited financials of last 2 years have to be submitted to the bank
- Need to provide bank statements of last 6 months
- Trade license copy
- Power of Attorney
- Copy of passport with valid visa
Benefits
- Finance amount is high
- Long and flexible repayment period is provided by bank
- A dedicated relationship manager guides you throughout the process
Frequently Asked Questions
⭐ Does the credit card form as part of the benefits to apply for this finance?
A. No, credit card is not provided as part of this finance.
⭐ Do we have to provide passport copies of partners?
A. Yes, you need to provide valid passport copies of partners also.
⭐ What are the documents that are required to apply for business loan?
A. Documents required to apply for business loan are:
1. KYC documents
2. Business and residence ownership proof
3. Salary proof
⭐ Do I need to pledge property or equipment to get a loan?
A. Yes, for a security purpose, you need to pledge your property or equipments while applying for business loan.
⭐ 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.
Emirates Money
Emirates Money is a subsidiary of Emirates NBD. It serves all set of customers like self employed, salaried, corporate financing and much more. Emirates Money provides different options to help the individuals better. It 2016 Emirates Money is transferred entirely to Emirates NBD which is one of the largest banks that has established its services globally. It works with a mission to make their customer’s live simpler by fulfilling their financial goals.