Great days are here to stay.

Explore the many benefits of BoB loans.

  • Eligibility
  • Key Features
  • Charges
  •   All business/service concerns having sales turnover upto AED 100 million and undertaking the business of trading in goods and services

  • Security: Assignment/mortgage of the immoveable property, personal guarantee, etc.

  •  The scheme aims at providing finance for working capital and other long-term purposes against the security of cash margin and/or immovable property

  • A single line of credit for working capital such as Overdraft, Trust Receipts, BP/BD/LCD, short-term demand loans, Letter of Credit, Bank Guarantees, and long-term requirements against the security of certain cash margin and/or immovable property

  • The working capital limit can be extended up to 20% of the projected sales turnover subject to following:

  • In case security is available (subject to maximum AED 3 million)

  • 60% of the value of mortgage/assignment

  • 50% of the value of the possessory pledge

  • In case of collateral security is not available (subject to maximum AED 3 million)

  • 60% cash margin if the establishment is less than 3 years old

    • 50% cash margin if establishment is > 3 years

    • Period: Working capital finance–renewable annually term loans - Up to 7 years

  •   Rate of interest*: Competitive rate of interest prevailing at the time of sanction

  • *Terms: Rates and charges are subject to change from time to time

X
We use cookies (and similar tools) to enhance your experience on our website. To learn more on our cookie policy, please click here. By continuing to browse this website, you consent to our use of cookies.