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Business Loan Provided By Dubai Islamic
Features of Dubai Islamic Business Loan
Dubai Islamic Bank Al Islami Business Finance offers following benefits:
- Finance Up to AED 2.5 MIllion
- Competitive Profit Rates
- Flexible Repayment Tenures (From 6 months up to 48 months)
- Financing based on Salam Finance
Eligibility Criteria of Dubai Islamic Business Loan
Registration in UAE as:
- Limited Liability Company (LLC)
- Sole Proprietor
- Free Zone Companies
- Branches/Subsidiaries of Offshore Entities
*Not the only criteria. Contact branch
Documents Required of Dubai 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 more documentation if necessary. Contact the nearest branch for more details.
Dubai Islamic Business Loan Profit Rates
1 Dubai 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 17% and 9.37%. This denotes that the computation done was a division of the reduction rate by 1.815
- Provides maximum finance amount of up to AED 2,250,000
- Early settlement fee is 1% 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 50,000
- 1 years minimum length of business is required to qualify for this finance
- Minimum annual sales turnover of AED 1,000,000 is needed to apply for this finance
- You need not have a bank account with Dubai Islamic bank to apply for this finance
- After successful submission of documents, within next 7 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 Dubai Islamic
Dubai Islamic Bank (DIB), established in 1975 is the pioneer of Islamic banking that has seen a phenomenal growth. The Bank since inception has remained customer-centric organization, where honesty and customized personal service form the basis of all relationships. Though sticking to its root traditions, the bank equally blends with the commitment of innovation, flexibility, and modernity. Every customer of the bank is provided with comprehensive solutions for any financial need.
The bank works with the vision of providing unsurpassed customer service and becoming the world’s largest Islamic banking corporation.
Get in touch with Dubai Islamic Bank Customer Care