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Business Loan Provided By Beehive Group DMCC
Features of Beehive Group DMCC Business Loan
Process of the Beehive group finance:
1. Individual/Company Applies For Finance
2. Business is listed on Beehive Marketplace
3. A reverse auction open for 14 days
4. Investors place bids to fund the business with their expectations from the investment
5. Auction closes and the applying company chooses an investor
6. Investor receives monthly repayments & profit as per the bid
Benefits of Beehive Finance Services:
- Saves up to 30% cost on finance
- Huge amounts of finance from AED100,000
- Fast access to everything
- Lower rates
- No early repayment fees
- Processing is Shari’a compliant
Eligibility Criteria of Beehive Group DMCC Business Loan
- Minimum Revenue P.A: 2.5M AED
- Must be registered in the UAE
- Currently Profitable
- Trading for at least 24 months
- Must have no returned checked in the past 12 months
- Bank statements show 80% revenue
Beehive Group DMCC Business Loan Interest rates
2 Beehive Group DMCC Bank Business Loans
Business Finance – Islamic
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 8% and 4.41%. This denotes that the computation done was a division of the reduction rate by 1.814
- There is no limit to the maximum loan amount
- Early settlement fee is AED 0 to apply for this finance
- Processing fee is 2% of the loan amount
- Repayment period is up to 36 months
- Provides minimum finance amount of up to AED 100,000
- 2 years minimum length of business is required
- There is no maximum annual turnover limit to apply for this finance
- Minimum annual sales turnover of AED 2,500,000 is needed to apply for this finance
- No need to have a bank account with Beehive 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
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 8% and 4.41%. This denotes that the computation done was a division of the reduction rate by 1.814
- For the maximum loan amount there is no limit
- Early settlement fee is AED 0 to apply for this finance
- Processing fee is 2% of the loan amount
- Repayment period is up to 36 months
- Provides minimum finance amount of up to AED 100,000
- 2 years minimum length of business is required
- There is no maximum annual turnover limit to apply for this finance
- Minimum annual sales turnover of AED 2,500,000 is needed to apply for this finance
- No need to have a bank account with Beehive 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
About Beehive Group DMCC
Based in Dubai, Beehive is the UAE’s first online marketplace for peer-to-peer finance. They strongly believe SMEs should have faster access to lower cost finance to grow their business while investors should have direct access to alternative asset classes that can generate higher returns in an environment where risks are shared.
The team at beehive is passionate about bringing a smarter finance solution to the UAE, facilitating connections between investors and the business community, and building mutually beneficial partnerships for economic growth.
They have established a committed and dynamic team of individuals who possess a wealth of experience of financial markets and technical innovation, both in the UAE and internationally.