Cheque Discounting

A credit facility wherein receivables, in the form of post dated cheques, are discounted with us to obtain funds

Revolving funded facility

Competitive interest rates

Multiple usage during the year

Quick facility approval

Highlights

Revolving funded facility
Competitive interest rates
Multiple usage during the year
Quick facility approval

Top features

Revolving funded facility

Revolving funded facility

Attractive Interest Rate

Competitive interest rates

Attractive fixed and variable rate options available.

Multiple usage

Multiple usage during the year

Quick facility approval

Quick facility approval

Features and benefits

  • Offered to UAE registered businesses and UAE Nationals

  • Competitive revolving facility which reduces the company's cash conversion cycle, and improves liquidity

  • High facility limits

  • Flexible tenors ranging from 30 days to 120 days for discounting

  • Low interest rates

  • Low cheque discounting commission per cheque

  • Low processing fees

See more

Fees and charges

List of charges Requirements / Charges
Annual interest rate As per prevailing rates and policies

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 is two or more years.
Applicants should be between 25-65 years during the finance tenure.

Relevant links

Fees & charges

Fees & charges

Warning

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.

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