Highlights
Finance up to AED 1 million
Short-term solutions at 12 months available
Low interest rates
No collateral requirements
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.
Top Features
Features and Benefits
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Offered to all UAE registered businesses and UAE Nationals
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Finance amount up to AED 1 million for new to bank clients and up to AED 1.5 million for existing clients
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Financing up to 90% of Equipment /Machinery Quotation Value
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Financing solution available up to 48 months
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Lowest interest rates in the market
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Low processing fees
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Fast decision making and processing turn-around times, with the majority of credit decisions made within 48 hours
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Transparency: Clear and straightforward terms, conditions and eligibility requirements
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Repayable in equal monthly installments
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Less documents and quick approval
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Loan top up facility after 12 months of satisfactory loan performance
Fees and Charges
| List of charges | Requirements / Charges |
|---|---|
| Annual interest rate | As per prevailing rates and policies |
| Loan application fee | 2% processing fee, charged on approved loan |
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.
Eligibility Criteria
| Fixed Assets Finance | Criteria |
|---|---|
| Business Sectors | Open to all registered business entities operating in the trading, manufacturing, professional or service sectors. |
| Turnover | Business operating for at least three years, with annual sales turnover of AED 2,000,000 or over. |
| Length of Business | Company’s Length of Business 2 Years or over. |
| Age Limit | 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
Other ways to connect
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Accessibility
