Goods Finance

Overview

If you are looking for help with financing your business goods and inventory, our Goods Financing solution will let you purchase raw material and goods as per the specific needs of your business

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 
• 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

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.

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