Repayment Period:

upto 36 months equated installments

Rate of Interest*:

Starting from 14% p.a (reducing balance) sebject to change from time to time

Processing Changes*:

• 1% of loan amount minimum of AED 1500

• Additional 0.40% -0.50% of loan amount would be charged for accidental insurance

• AED 10/- per cheque will be charged for other bank's PDC's

Prepayment Charges*:

2% of amount of loan outstanding

Documents Required:

• Loan Application
• Bank Account statement of the firm/business enterprise for last one year
• Copy of valid license to run the business firm
• Copy of passport & Visa of applicant
• Copy of memorandum/Power of Attorney (to manage the business)
• Memorandum of Association in case of LLC
• Last 2 years audited balance sheet (if available)
• Copy of tenancy agreement of the applicant
  

• Take over of existing loan from other banks

• 1 Free cheque book (50 leaves)

• Free ATM Card for Saving Bank & Special Current Account

• Free remittance through Rapid Funds2India**
  
  
• Free e-mail Statement & Free Internet-Banking for Savings Bank and Special Current Account
  
  
• Online Sanction
  

** Conditions Apply

Download Application Form