Business Loan Provided By CBD
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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 products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page 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.
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Features of CBD Business Loan
- High finance amount (Up to AED 2 million)
- Financial Advisory
- No Collateral & Security Requirements
- Hassle free approvals with minimum formalities
- Fair & competitive pricing
- Transparent Operation
- Islamic finance option available
- Loan top-up facility available after 12 months
- Dedicated relationship manager
Eligibility Criteria of CBD Business Loan
- Must be registered in the UAE
- Minimum Operating Time: 2 years
- Minimum turnover: AED 2.5 Million
- Minimum bank relationship: 6 months
- Minimum bank account balance : AED 25000
Documents Required of CBD Business Loan
- National ID/Passport Copy w/ UAE Residence Visa
(All signing authorities, as applicable) - Valid legal constitutive documents
(Trade License, Certificate of commercial registration, Free Zone, Certificate of Incorporation, Memorandum of Association, Partnership Agreement | All documents as applicable) - Power of Attorney/Board Resolution (As applicable)
- Proof of Address (location where the business is setup/ main office)
- Details of the ultimate beneficial owners
- Bank reference letter and company profile (As applicable)
- Past six months of active bank account statements for the business entity
CBD Business Loan Interest rates
3 CBD Bank Business Loans
Cheque Discounting Finance
Benefits
- Finance amount is high
- Long and flexible repayment period is provided by bank
- A dedicated relationship manager guides you throughout the process
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
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
Goods Finance
Benefits
- Finance amount is high
- Long and flexible repayment period is provided by bank
- A dedicated relationship manager guides you throughout the process
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 1.814
- 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
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
Business Installment Loan
Benefits
- Finance amount is high
- Long and flexible repayment period is provided by bank
- A dedicated relationship manager guides you throughout the process
Features
- The reduction rate and the flat rate is 13% and 7.17%. This denotes that the computation done was a division of the reduction rate by 1.813
- 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 48 months
- Provides minimum finance amount of up to AED 100,000
- 2 years minimum length of business is required
- 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
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
About 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 Bank Customer Care
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