Top Features
Features and Benefits
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Offered to UAE registered businesses and UAE Nationals
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Competitive revolving facility which reduces the company's cash conversion cycle, and improves liquidity
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High facility limits
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Flexible tenors ranging from 30 days to 120 days for discounting
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Low interest rates
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Low cheque discounting commission per cheque
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Low processing fees
Fees and Charges
| List of charges | Requirements / Charges |
|---|---|
| Annual interest rate | As per prevailing rates and policies |
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 2 Years or over. |
| Applicants should be between 25-65 years during the finance tenure. |
Cheque Discounting
Required Documents
- 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
Warning
All fees and charges mentioned are subject to change from time to time at the sole discretion of Commercial Bank of Dubai without prior notification. Charges for services not indicated in this List of Fees and Charges are available on request. Additional expenses, e.g. postage, cable, courier, fax, legal fees, etc. will be charged for, where incurred.
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