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Thank you for providing your details.Emirates Money Loan Against Deposit
Features
- The reduction rate and the flat rate is 7% and 3.86%. 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 5% of the finance amount
- Processing fee is 1% of the loan amount
- Repayment period is up to 48 months
- Provides minimum finance amount of up to AED 50,000
- You need not have a bank account with Emirates Money to apply for this finance
- After successful submission of documents, within next 3 working days the bank will approve the loan
Required Documents
- Audited financials of last 2 years have to be submitted to the bank
- Need to provide bank statements of last 6 months
- Trade license copy
- Power of Attorney
- Copy of passport with valid visa
Benefits
- Finance amount is high
- Long and flexible repayment period is provided by bank
- A dedicated relationship manager guides you throughout the process
Frequently Asked Questions
⭐ What if I don't have business idea yet. Can I still apply for business loan in Emirates Money?
A. No, you need to have business idea before applying for business loan in Emirates Money.
⭐ Can the credit limit for the loan amount be increased after submitting application?
A. Yes, you will have to submit request letter to the bank along with fresh documents to increase the credit limit.
⭐ What can be the length of my loan?
A. Depending on ho much is being financed, length of loan can be up to 48 months.
⭐ Why is it suggested to refinance your existing loan?
A. It is suggested to refinance your existing loan because interest rates will be charged low in such case.
⭐ Who all can avail business loan service from Emirates Islamic?
A. Businesses who need to grow and create jobs can avail business loan in Emirates Islamic.
Emirates Money
Emirates Money is a subsidiary of Emirates NBD. It serves all set of customers like self employed, salaried, corporate financing and much more. Emirates Money provides different options to help the individuals better. It 2016 Emirates Money is transferred entirely to Emirates NBD which is one of the largest banks that has established its services globally. It works with a mission to make their customer’s live simpler by fulfilling their financial goals.