Overdraft Facility-Amazon's Sellers

Overview

Introducing a unique lending solution for  SMEs selling on Amazon, the first of its kind in the UAE, by giving you easy access to overdraft facilities

Features and Benefits

• Easy access to multiple Overdraft facilities based on the company monthly average sales proceeds within Amazon and based on satisfactory performance in Amazon trading platform.
  
• Fast decision making and processing turn-around times, with the majority of credit decisions made within 48 hours
• Featured Business Banking account with iBusiness online banking, chequebook and business debit card.
• Overdraft facilities with maximum limits of AED 100,000 per OD with option for multiple OD loan accounts.
• Overdraft financing tenure of 90 days Max per OD.
• No collaterals or security requirements: Hassle-free access to finance with minimum formalities.
• Competitive pricing with a commitment to maintain fees and profit rates amongst the lowest in the market.
• Convenience: All repayments are automatically direct debited from your business bank account.
• Transparency: Clear and straightforward terms, conditions and eligibility requirements.
• Very law processing fees of One Time Setup Fee of 2% with minimum of AED 1,500

Eligibility Criteria

• Open to all registered business entities operating in mainly in trading sectors and selling their goods via Amazon online portal
• Business operating for at least one year, with Minimum annual sales turnover of AED 450,000 or even in last 6 months with Amazon
• Minimum of 6 months relationship with Amazon
• Seller Performance rating in Amazon (Min 90 as per Amazon's rating) with Min Products Performance Review Rating of 3.5
• Application 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 of the company, 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 if applicable
• 6 months original bank statements for the business entity
  

Apply now!