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Advance Against Property to Non Individuals
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Key Features
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Eligibility
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Charges
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Warning Box
Advance Against Property to Non Individuals : Key Features
- Higher limit up to AED 20000000.
- Higher repayment period up to 84 months
- Competitive rate of interest
- No Hidden Charges
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Interest charges on Daily Reducing Balance
Advance Against Property to Non Individuals : Eligibility
- 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
Advance Against Property to Non Individuals : Charges
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Interest Rate and Charges |
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Interest Rates |
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Processing Fees |
0.50% of sanctioned limit Min. – AED 1000/- Max. – AED 25000/- |
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Advance Against Property to Non Individuals : Warning Box
Debt Management Tool/Guidelines as per Compliance of Consumer Protection Standards of CBUAE
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WARNING: |
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Who can apply under this scheme?Non Individual business entities
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What is the maximum amount I can borrow under this scheme?
You can borrow max. Up to AED 20 Million
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What type of facility available under this scheme?
Facility can be availed in form of demand Loan, Term Loan and Overdraft only
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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
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What is the charge for early settlement?
No charges for early settlement
