Your trusted partner for dreams coming true.


Easy and flexible loan repayment options.

  • Key Features
  • Eligibility
  • Charges
  • Warning Box
  • Higher limit up to AED 20000000.
  • Higher repayment period up to 84 months
  • Competitive rate of interest
  • No Hidden Charges
  • Interest charges on Daily Reducing Balance

  • UAE Nationals / Expatriates / PIO / OCI
  • Non individuals business entities (except LLC)
  • For any purpose other than speculation
  • Tenor - Term Loan – Max. 7 Years
    Overdraft- 12 Months subject to annual review with 15% annual step down in the limit
  • Limit- Min. – AED 100,000 Max. AED 20,000,0000

Interest Rate and Charges

Interest Rates

 

Option

I

II

Margin

50% of Market Value

40% of Market Value

ROI

3.00% plus 3 months EIBOR  with minimum of 4.00% Pa

3.50% plus 3 months EIBOR  with minimum of 4.50% Pa

Processing Fees

0.50% of sanctioned limit

Min. – AED 1000/-

Max. – AED 25000/-

Debt Management Tool/Guidelines as per Compliance of Consumer Protection Standards of CBUAE

WARNING:
- If you do not keep up your repayments/payments, you may lose your property
- You may have to pay penalties if you pay off a loan/financing early
- Refinancing your loans/financing may take longer to pay off than your previous loan/financing and may result in paying more in interest/profit
- If you do not meet the repayments/payments on your loan/financing, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future

Frequently Asked Questions (FAQs)

  • Who can apply under this scheme?

    Non Individual business entities

  • What is the maximum amount I can borrow under this scheme?

    You can borrow max. Up to AED 20 Million

  • What type of facility available under this scheme?

    Facility can be availed in form of demand Loan, Term Loan and Overdraft only

  • What is the Maximum Period up to which I can avail under this scheme?

    Term Loan- Max. Up to 7 years
    Overdraft- 12 months subject to annual review with 15% annual step down in the limit

  • Do you offer early settlement under this scheme?

    Yes you can repay your loan before maturity

  • What is the charge for early settlement?

    No charges for early settlement

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