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Business Loan Provided By Emirates Islamic
Features of Emirates Islamic Business Loan
- Shari’a compliant financing
- High Finance Amounts
- Dedicated Relationship Manager
- Long repayment tenures (Up to 48 months)
- Special rates on foreign exchange
- Quick Approvals & simple documentation
- Business banking online
Eligibility Criteria of Emirates Islamic Business Loan
- Any company registered in UAE
(Must be in a business acceptable in Islam) - Minimum annual turnover: AED 1.5 million
- Minimum Time in business: 1 year
- Must have minimum five employees
Documents Required of Emirates Islamic 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) - Active Bank Account Statements
*Note: The bank may ask for more documentation if necessary. Contact nearest branch for more details.
Emirates Islamic Business Loan Profit Rates
2 Emirates Islamic Bank Business Loans
Business 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 14.51% and 8%. This denotes that the computation done was a division of the reduction rate by 1.813
- Provides maximum finance amount of up to AED 20,000,000
- Early settlement fee is 5% of the finance amount
- Processing fee is 1.5% of the loan amount
- Repayment period is up to 48 months
- Provides minimum finance amount of up to AED 500,000
- 1 years minimum length of business is required for UAE Nationals and 2 years for Expats to qualify for this finance
- Minimum annual sales turnover of AED 1,500,000 is needed to apply for this finance
- You need not have a bank account with Emirates Islamic bank to apply for this finance
- After successful submission of documents, within next 10 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
Commercial Consumer 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 19.95% and 11%. This denotes that the computation done was a division of the reduction rate by 1.813
- Provides maximum finance amount of up to AED 500,000
- Early settlement fee is 5% of the finance amount
- Processing fee is 1.5% of the loan amount
- Repayment period is up to 48 months
- Provides minimum finance amount of up to AED 50,000
- 1 years minimum length of business is required for UAE Nationals and 2 years for Expats to qualify for this finance
- Minimum annual sales turnover of AED 1,500,000 is needed to apply for this finance
- You need not have a bank account with Emirates Islamic bank to apply for this finance
- After successful submission of documents, within next 10 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
About Emirates Islamic
In order to deliver high standards of banking services, Emirates Islamic Bank was established in the year 2004. The bank is aimed to deliver services in accordance with the standards of Shariah principles. It offers a wide range of products that are designed exclusively for individuals, small businesses and large corporations.
Get in touch with Emirates Islamic Bank Customer Care