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Business Loan against Point of Sales Receivables

CBD offers business loans to all retail and online businesses against Point of Sale Machines (POS) or Payment Gateway proceeds. You can use this loan for expanding your business, opening another outlet, financing your inventory, fixed assets, debtors or any other operational expense that you may have in mind. You can repay this loan through easy monthly installments from proceeds of sales collected through your POS machine. 

This type of loan does not require additional collaterals and CBD offers higher loan values of upto AED 1.5 Million for maximum 48 months finance tenor at competitive interest rates and attractive processing fees.

Expand your businesses today. Contact us now and a Relationship Manager will call you in 24 hours to have a discussion on financing your business.

Features and Benefits

  • Higher loan eligibility for businesses with flexible repayment options up to 48 months
  • Lowest Interest Rates compare to our other Business loans Products
  • POS receivable of any POS service provider can be assigned to Commercial Bank of Dubai
  • Islamic financing availability
  • Top up facility available
  • Easy and hassle-free documentation
  • Quick turnaround time
  • Dedicated Relationship Manager 

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.

Disclaimer

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.

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



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