Purpose:

Hassle free single line of credit for Working capital such as –

Ø    Over Draft,

Ø    Trust Receipts, BP/BD/LCD,

Ø    short term demand loans,

Ø    Letter of credits,

Ø    Bank Guarantees, 

Ø    long term requirements will also be considered separately in addition to above if required

Eligibility:

All business / Service concerns having sales turnover upto AED 100 millions

Loan amount:

Upto AED 20 millions for working capital requirement
Specific Term Loans can be considered separately

Security:

Mortgage / Assignment of property / Possessory pledge / Cash Margin / personal Guarantee, etc.

Rate of interest*:

Competitive Rate of interest prevailing at the time of sanction

Period:

Working Capital requirement are renewable annually and long term loans for maximum period of 7 years