Business Loan Provided By United Arab
Features of United Arab Business Loan
- Shariah compliant finance
- High Loan amount up to AED 1.5 million.
- No collateral required
- Long & Flexible repayment tenures (up to 48 months)
- Simple & hassle free documentation
- Competitive Interest rates
- Dedicated Relationship Manager
- Current account with no minimum balance requirement
Eligibility Criteria of United Arab Business Loan
Must be registered in UAE as:
- Limited Liability Company (LLC)
- Sole Proprietor
- Partnership
- Free Zone Companies
- Branches/Subsidiaries of Offshore Entities
Documents Required of United Arab 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) - Past 12 months active bank account statements
- Copy of utility bills
Note: the bank may ask for more documents if it sees necessary. Please contact nearest branch for more information
United Arab Business Loan Interest rates
2 United Arab Bank Business Loans
Business 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 16% and 8.82%. This denotes that the computation done was a division of the reduction rate by 1.812
- Provides maximum finance amount of up to AED 1,500,000
- Early settlement fee is 5% of the finance amount
- Processing fee is 2% of the loan amount
- Repayment period is up to 36 months
- Provides minimum finance amount of up to AED 250,000
- 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 600,000,000
- Minimum annual sales turnover of AED 3,000,000 is needed to apply for this finance
- Provided with pre-approved credit card free for life
- You need to have a bank account with United Arab 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
Islamic 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 16% and 8.82%. This denotes that the computation done was a division of the reduction rate by 1.812
- Provides maximum finance amount of up to AED 1,500,000
- Early settlement fee is 5% of the finance amount
- Processing fee is 2% of the loan amount
- Repayment period is up to 36 months
- Provides minimum finance amount of up to AED 250,000
- 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 600,000,000
- Minimum annual sales turnover of AED 3,000,000 is needed to apply for this finance
- You need to have a bank account with United Arab 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
About United Arab
Headquartered in Sharjah, with over 25 branches across the UAE, United Arab Bank, P.J.S.C. (UAB), which was incorporated in 1975, has established itself as a leading banking services provider in the UAE. UAB has a Vision ‘of being the trusted partner and the UAE bank of choice for customers’ and a Mission of ‘offering a superior customer experience, creating shareholder value, and adopting an innovative banking approach while remaining loyal to the nation's heritage and contributing to the overall development of the UAE.’ UAB follows the values of :
- Integrity
- Customer Focus
- Competence
- Consistency
- Courteousness
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