Highlights
Easy and hassle-free documentation
Lowest interest/profit rates
Quick business solutions
Quick turnaround time
Overview
Empower your retail or online business with CBD's innovative loan solutions for business against Point of Sale machines (POS) or Payment Gateway proceeds. Whether you're eyeing expansion, a new outlet, inventory restocking, fixed assets, or covering operational expenses, our flexible loan options have you covered. There's no hassle of additional collateral, with CBD, unlock generous loan amounts of up to AED 1 million, with repayment structured conveniently through monthly installments from your POS machine sales.
Experience the freedom to grow without constraints. Benefit from competitive interest rates, attractive processing fees, and a maximum 48-month finance tenure. Reach out to us now, and within 24 hours, our dedicated relationship managers will connect with you to explore how CBD can facilitate the success of your business.
Top features
Features and benefits
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Higher loan eligibility for businesses with flexible repayment options up to 48 months
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Lowest interest rates compared to our other loan products
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POS receivable of any POS service provider can be assigned to Commercial Bank of Dubai
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Top up facility available
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Easy and hassle-free documentation
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Quick turnaround time
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Dedicated Relationship Manager Enjoy unparalleled personal service with our dedicated Relationship Managers, who create tailored wealth management solutions for you.
Eligibility criteria
| Open to all registered business entities who maintain Point of Sales Machines in last 6 months. |
| Business operating for at least two years. |
| Minimum of 6 months balance maintained in bank accounts should be AED 30,000. |
Business Loan against POS
Required documents
- National ID and valid passport with UAE residence visa and Emirates ID of all signing authorities and shareholders, where applicable
- Valid legal and constitutive documents (i.e. Trade License, Certificate of Commercial Registration, Free Zone Certificate of Incorporation, Memorandum of Association, Partnership Agreement) as applicable
- Power of Attorney or Board Resolution, if applicable
- No requirement for audited financial statements
- Last 6 months of your POS account bank statements
- Assignments of your POS proceeds to Commercial Bank of Dubai (Post approval)
- 12 months original bank statements for the business entity
Related products
Other ways to connect
Download CBD App - and open an account in minutes.
Access your financial future from the palm of your hand.
Accessibility
