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Gulf Finance Trade and Working Capital Finance

Gulf Finance Bank

Trade and Working Capital Finance

Flat Rate

7.72%

Reducing Rate

14%

Min Finance Amount

AED 250K

Max Finance Amount

AED 5000K

Early Settlement Fee

3%

Min Annual Turnover

AED 5000K

Tenure

6 Months

Approval Time

3 Days

Processing Fee

1%

flat rate

7.72%

Flat Rate

reducing rate

14%

Reducing Rate

AED 250K

Min Finance Amount

maximum finance

AED 5000K

Max Finance Amount

early settlement fee

3%

Early Settlement Fee

minimum turnover

AED 5000K

Min Annual Turnover

tenure

6 Months

Tenure

approval time

3 Days

Approval Time

processing fee

1%

Processing Fee

View details on bank page

Features

  • The reduction rate and the flat rate is 14% and 7.72%. This denotes that the computation done was a division of the reduction rate by 1.813
  • Provides maximum finance amount of up to AED 5,000,000
  • Early settlement fee is 3% of the finance amount
  • Processing fee is 1% of the loan amount
  • Repayment period is up to 6 months
  • Provides minimum finance amount of up to AED 250,000
  • 2 years minimum length of business is required to qualify for this finance
  • No maximum annual sales turnover is there to apply for this finance
  • Minimum annual sales turnover of AED 5,000,000 is needed to apply for this finance
  • You need not have a bank account with Gulf Finance bank to apply for this finance
  • After successful submission of documents, within next 3 working days the bank will approve the loan

Required Documents

  • Copies of passport and visa
  • Audited financials of last 2 years have to be submitted to the bank
  • Need to provide bank statements of last 6 months
  • Copies of Trade License and power of attorney

Benefits

  • Finance amount is high
  • Long and flexible repayment period is provided by bank
  • Cash locked up in receivables can be accessed fast
  • Documentation process is simple and easy

Frequently Asked Questions

⭐ 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 equipment while applying for business loan.

⭐ What is the maximum term for the Gulf Finance Bank?

A. The maximum term for the finance is 6 months.

⭐ Is it mandatory to provide copies of passport and visa?

A. Yes, it is mandatory to provide copies of passport and visa.

⭐ How does Gulf Finance bank decide our monthly installments?

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

⭐ What if I don't have business idea yet. Can I still apply for business loan in Gulf Finance?

A. No, you need to have business idea before applying for business loan in Gulf Finance.

Gulf Finance

Gulf Finance is a wholly owned subsidiary of SHUAA Capital psc. , the leading integrated financial services Group. Since its inception in 1997, Gulf Finance has been providing financing solutions to UAE-based SMEs, via a broad range of flexible financing solutions such as Small Business Loans, Business Vehicle Finance, Trade and Working Capital Finance, Business Deposits and Commercial Finance products.

Their values:

  • People first.
  • Continuously deliver.
  • Work smart.

   Get in touch with Gulf Finance Customer Care