Highlights
Finance up to AED 1 million
Short-term solutions at 12 months available
Low interest rates
No collateral requirements
Overview
Discover a powerful solution tailored to your business growth. With our Goods Financing option, unlock the resource to procure essential raw materials and inventory, precisely tailored to meet your business's unique demands.
Top deatures
Features and benefits
-
Offered to all UAE registered businesses and UAE Nationals
-
Finance amount up to AED 1 million for new to bank clients and up to AED 1.5 million for existing clients
-
No collateral or security requirements: Hassle-free access to finance with minimum formalities
-
Short-term financing solution available up to 12 months
-
Lowest interest rates in the market
-
Low processing fees
-
Fast decision making and processing turn-around times, with the majority of credit decisions made within 48 hours
-
Transparency: Clear and straightforward terms, conditions and eligibility requirements
-
Repayable in equal monthly installments
-
Less documents and quick approval
-
Loan top up facility after 12 months of satisfactory loan performance
Fees and charges
| List of charges | Requirements / Charges |
|---|---|
| Annual interest rate | Annual interest rate |
| Loan application fee | 2% processing fee, charged on approved loan |
Eligibility criteria
| Open to all registered business entities operating in the trading, manufacturing, professional or service sectors. |
| Business operating for at least two years, with annual sales turnover of AED 2,000,000 or over. |
| Company’s length of business two years or more. |
| Applicants should be between 25-65 years during the finance tenure. |
Goods Finance
Required documents
- Quotation for the required Goods / Commodities
- National ID or valid passport with UAE residence visa and Emirates ID of all signing authorities and shareholders, if 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
- Proof of Address
- Details of Ultimate Beneficial Owners
- Bank Reference Letter and Company Profile, if applicable
- No requirement for audited financial statements
Explore our other products
Business Credit Card
A flexible and efficient one card payment solution to help manage expenses and cash flow.
Imports
Ensure that fund imports for your business needs are undertaken securely and with the highest standards.
Other ways to connect
Download CBD App - and open an account in minutes.
Access your financial future from the palm of your hand.
Accessibility
