ADIB Smart Account

Check Eligibility for Dubai First
Business Loan

You are eligible to apply for a Dubai First
Business Loan .

You may not be eligible * to apply.

* Minimum Annual Turnover AED 900000 required to apply for a Dubai First Business Loan .

*No loan for :User_Nationality available in this page

Click here to check from other banks.

Dubai First Business Loan Calculator

Business Loan Provided By Dubai First

Check Eligibility for Dubai First Business Loan

You are eligible to apply for a Dubai First
Business Loan .

You may not be eligible * to apply.

* Minimum Annual Turnover AED 900000 required to apply for a Dubai First Business Loan .

Click here to check loans from other banks.

Dubai First Business Loan Calculator

ADIB Smart Account

Features of Dubai First Business Loan

  • Easy Documentation
  • Hassle Free Process
  • Long Repayment Tenures (Up to 48 months)
  • Competitive & Attractive Interest Rates
  • Modest Collateral Fee
  • Low one-time processing fee (2% of loan amount)

Eligibility Criteria of Dubai First Business Loan

  • Minimum Length of business: 1 year
  • Minimum Avg Sales Turnover : AED 75,000 per year

Registered as one of the following:

  • Limited Liability Company (LLC)
  • Sole Proprietor
  • Free Zone Companies
  • Branches/Subsidiaries of Offshore Entities

Documents Required of Dubai First 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)
  • Copy of the tenancy contract
  • Past Six months active bank account statements (Company Account)

Note: More documents may be needed at the discretion of Dubai First. Contact nearest office more more information.

Dubai First Business Loan Interest rates

Dubai First Bank

1 Dubai First Bank Business Loans

SME Business Loan

flat rate

Flat Rate

9.92%

reducing rate

Reducing Rate

18%

minimum amount

Min Finance Amount

AED 25K

maximum amount

Max Finance Amount

AED 500K

early settlement fee

Early Settlement Fee

5%

annual turnover

Min Annual Turnover

AED 900K

tenure

Tenure

48 Years

approval time

Approval Time

5 Days

processing fee

Processing Fee

2%

flat rate

9.92%

Flat Rate

reducing rate

18%

Reducing Rate

minimum amount

AED 25K

Min Finance Amount

maximum amount

AED 500K

Max Finance Amount

early settlement fee

5%

Early Settlement Fee

annual turnover

AED 900K

Min Annual Turnover

tenure

48 Years

Tenure

approval time

5 Days

Approval Time

processing fee

2%

Processing Fee

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 18% and 9.92%. This denotes that the computation done was a division of the reduction rate by 1.814
  • Provides maximum finance amount of up to AED 500,000
  • Early settlement fee is 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 25,000
  • 1 years minimum length of business is required to qualify for this finance
  • Minimum annual sales turnover of AED 900,000 is needed to apply for this finance
  • You need not have a bank account with SME 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
  • The documentation process is simple and easy

View details on bank page

About Dubai First

Dubai First is a wholly owned subsidiary of First Abu Dhabi Bank. The FAB is not only the largest bank in the UAE but also one of the largest financial institutions globally. It offers a wide range of customized services, products and solutions to its customers. Dubai First is fully operational out of Dubai, with branches in Abu Dhabi and Sharjah. It specializes in innovative and value-centric credit cards, that serve the unique characteristics of contemporary lifestyle-savvy customers.

Corporate Values of Dubai First:

  • Knowledgeable
  • Adaptable
  • Collaborative
  • Enterprising
  • Responsible

Dubai first offers loans for businesses for expansion and/or get small needs met right away with proper financing at the right time.

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