How to get business loan in Dubai

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How to get business loan in Dubai

Looking for a fund arrangement to expand your existence business or start a new business in Dubai? You are lucky enough as numerous financial institutions are ready to support you by giving you a business loan in Dubai if you meet certain guidelines set up by the Dubai government and lender itself. TASKMASTER Commercial Broker LLC and its team are always ready to assist you get a best business loan in Dubai. Anyway, this post is dedicated to those who are interested to know “How to get business loans in Dubai?”

What is a business loan?

Business loan is a kind of loan designed to support business. The borrower has to repay principal amount with interest and other charges added to it on a regular basis to the lender. Interest rate, repayment term and processing fee can be different depending on the nature of business loan.

Easy to get business loans in Dubai?

Talking about business loans in Dubai, the majority of financial institutions both private and government-approved offer flexible business loan options to someone looking for starting a new venture in Dubai. The UAE government has created a healthy business environment that made business loans simplified which boosted Dubai’s economy. For promoting business, the government of Dubai has made notable changes in rule, regulation, procedure and taxes.

With the proper guidance and support offered by TASKMASTER Commercial Broker LLC you can find the cheapest but best business loan which will work for you.

Types of Business loans in Dubai you can use for your business

  • Line of Credit Loans
  • Instalment Loans
  • Ballon Loans
  • Interim Loans
  • Secured and unsecured loan
  • Letter of credit
  • Terms loan
  • Inventory Loans
  • Account receivable loans
  • Personal loans
  • Guaranteed loan
  • Commercial
  • Some of the reputed lender for company loan in Dubai you can contact for SME

    Lenders and its loan features

    Rank Bank

  • Avail higher loan amount up to 3 million AED
  • No collateral required to takLess document required
  • Flexible repayment option ( up to 5 years)
  • Competitive interest applicable
  • Mashreq Bank

  • Can be taken a maximum of up to 1000000 AED loan amount
  • No collateral needed
  • Repay in 2 years
  • Lowest rate applicable
  • Easy documentation process
  • ADCB

  • Loan amount up to 1500000 AED
  • years flexible repayment options
  • Collateral free
  • No FD required
  • Minimum Document and easy process
  • NBQ

  • 1 million AED business loan amount can be taken
  • Pay loan amount + interest + other charges in 5 years
  • Collateral not required
  • Lower interest rate
  • Minimum processing fee
  • Basic Document required getting business loan in Dubai

  • ITR files copy of last 3 years
  • Minimum of 6 month bank details mandatory
  • Copy of trade license
  • Power of attorney
  • Audited financial
  • Passport copy with visa page
  • IT Pan number
  • Note:- Document requirement is subject to lender terms and conditions, for better understanding contact to Taskmaster. 

    Summary:-

    For a small business to grow into a big business in Dubai, the easiest way is to take a business loan from a top financial institute at lowest interest rate. To start a business or new venture in Dubai, they also support even if they are less in number. The bank and financial institute in Dubai offer a wide range of business loans such as term loan, trading finance, working capital loan etc. If you have any query regarding the same, feel free to contact us +971 43233854.