The UAE maintains the most relaxed business environment. Prospective investors/entrepreneurs around the world can easily establish a business in the UAE. To meet the demand for finance, financial institutions have provided the best business loans in the UAE at competitive prices. There are many options available to investors.
1- Abu Dhabi Commercial Bank (ADCB)
ADCB provides one of the best business loans in the UAE to meet the various needs of customers, for example; commercial instant loans, commercial assets and equipment financing, working capital, and commercial real estate. The characteristics/benefits of ADCB commercial loans are that the approval time is 7 days, the handling fee 2%, the interest rate 17%, the high financing up to 3.5 million dirhams, and their flexible repayment method, i.e. up to 48 months.
2- RAK Bank
RAKBANK provides business loans to small and medium-sized enterprises to meet the short- and medium-term business needs with flexible repayment methods and minimal and barrier-free documentation. They also provide asset-based financial and business accounts. The characteristics / advantages of RAKBANK commercial loans are: Unsecured. High loan amount of up to AED 3 million. Flexible repayment period up to 60 months. Fewer documents
3- Emirates NBD
It provides various commercial financing products to meet each specific requirement. Emirates NBD issues competitive interest rates and flexible repayment options of up to AED 1.5 million. Features / advantages of Emirates NBD business loans include: Flexible repayment period up to 48 months Low premium for credit and term insurance No mortgage Recharge within 6 months Interest rate 15-20%
4- United Arab Bank (UAB)
UAB provides tailor-made corporate financing. They assign exclusive account managers to understand the needs of business clients and provide the correct solution from the available options for UAB commercial loans. The characteristics/advantages of UAB commercial loans are: Interest rate 16% High financing amount Handling fee 2% and the maximum repayment period is 36 months and Worry-free files.
5- Dubai Commercial Bank (CBD)
CBD aims to provide comprehensive cost-effective and flexible financing facilities. There is no collateral of up to 2 million dirhams. In addition, provide commercial credit cards with high credit to facilitate withdrawals. The characteristics / advantages of CBD commercial loans are the interest rate 11-13%, and the handling fee 1-3%, the early settlement fee is 1.5% and then make a quick decision within two days.
6- Mashreq SME Business Finance
At Mashreq Al Islamic, as long as you comply with Islamic teachings, your business can grow with peace of mind. Commercial finance is based on Tawarruq ’s Islamic principles; banks purchase commodities from the market according to customer requirements and sell them to customers with deferred payment after increasing profits. The customer then sells the product on the market (usually through a bank) to obtain cash. Mashreq SME business financing function: Interest rate: 19% -26% Simple documentation and fast approval process Competitive interest rate Dedicated customer relationship manager can meet all your business needs Corporate current accounts without minimum balance requirements Free commercial credit card with attractive cashback and discounts Islamic Business Choice Islamic Finance No salary transfer is required. The company must maintain a zero balance business account Minimum annual turnover of 1.5 million dirhams Minimum operating age-2 years, Handling fee-1.35% of loan amount, Early liquidation fees-1% of total outstanding loans The minimum period is 6 months and the maximum period is 48 months The minimum loan amount is AED 125,000 /-, up to AED 1.5 million No mortgage Insurance / Islamic Insurance Annual Interest Rate 0.65% Agency fee of AED 750.
7- Noor Business Finance
Noor Bank understands that your financial requirements may be large or small. Commercial finance will help you grow and can be used in major emirates including selected free zones. Noor commercial finance function: Maximum amount: no more than AED 4,500,000 Manage your daily cash with Islamic coverage facilities up to 15% of your corporate financing limit Current account with zero balance Flexible payment: up to 48 months pricing as low as 18% per year Minimal documentation. Life insurance takaful insurance of authorized signatory or managing partner.
8- Emirates Islamic Business Finance
Use our financing solutions to manage your cash flow, asset acquisition, and business expansion requirements. Features and advantages: Murabaha and Ijarah products the aim is to provide the following solutions: unsecured / partially guaranteed working capital and fixed asset financing, up to AED 3 million, and up to AED 5 million on the basis of full guarantee. Trade financial products, including spot letters of credit, cash letters of credit, letters of credit murabaha financing and all types of guarantee letters.
9- Aseel Business Finance
Aseel Commercial Finance provides financial solutions for SMEs. Whether it is daily working capital or SMEs wishing to purchase any assets/services, Aseel’s commercial financial solutions will help them solve financing problems through free key personnel protection and faster turnaround time. Promotions: Unsecured financing Aseel commercial financing function: Minimum monthly turnover of AED 75,000 Free key figure takaful the maximum period is 60 months Minimum business age should be 2 years.
10- Mashreq Small Business Loan
Mashreq Business Loan is an installment loan used by business entities to meet their working capital needs and other business needs. The following entities are eligible to apply for Mashreq business loans: Limited Liability Company (LLC) Sole proprietor partnership Free Zone Company Branches / subsidiaries of offshore entities. Mashreq small business loan function: Simple documentation and fast approval process Competitive interest rate Dedicated customer relationship manager can meet all your business needs Corporate current accounts without minimum balance requirements Free commercial credit card with attractive cashback and discounts Islamic Business Choice Interest rate from 20% to 26% No salary transfer is required. The company must maintain a zero balance business account Minimum annual turnover of 1.5 million dirhams Minimum operating age: 2 years Early liquidation fees-1% of total outstanding loans The minimum period is 6 months and the maximum period is 48 months The minimum loan amount is AED 125,000 /-, up to AED 1.5 million No mortgage Handling fee-1.35% of loan amount Insurance / Islamic Insurance Annual Interest Rate 0.65% No agency fee.