Fixed Assets Finance

Overview

If you are looking for help with finance solution for purchasing of equipment / machinery / Capital Expenditure Asset, our Fixed Assets Finance solution will let you purchase machineries and heavy equipment's.

Features and Benefits

• Offered to all UAE registered businesses and UAE Nationals
• Finance amount up to AED 1 Million for new to bank client and up to AED 1.5 million for existing clients
• Financing up to 90% of Equipment /Machinery Quotation Value
• Financing solution available up to 48 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

Eligibility Criteria

• Open to all registered business entities operating in the trading, manufacturing, professional or service sectors.
• Business operating for at least three 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.

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
• No requirement for audited financial statements
• 12 months original bank statements for the business entity