Deem Business Loans

Minimum Salary
500,00 د.إ

Flat Rate
9.9%

Reducing Rate
18%

Maximum Term
48 Months

Monthly Payment
AED 27,000

Description

Deem Finance LLC (Deem) is a Central Bank–licensed UAE non-bank financial institution specializing in digital lending solutions for SMEs and merchants. Deem’s business financing offerings focus on Merchant Loans and Quick Merchant Loans, delivering fast, collateral-lite funding via direct debit of POS receipts and tailored facilities.

Features

Deem Merchant Loan

Product Features

Purpose: Finance working capital needs by leveraging combined company banking turnover and POS machine turnover.
Facility Size: Up to AED 1 000 000 (subject to eligibility and turnover)
Tenor: 12–48 months, with equal monthly installments via direct debit.
Repayment Method: Reducing-balance basis; interest calculated on a 365-day year and amortized monthly.

Profit Rate

Rate Band: 18.00%–24.00% per annum, determined by customer eligibility and profile.

Fees and Charges

Processing Fee: AED 1 000 or equivalent to 1.00% of facility amount + 5% VAT.
Transaction Fee: 2.0% of each drawdown amount + 5% VAT.
Early Settlement Fee: 1.0% of outstanding balance + 5% VAT (total 1.05%).
Loan Rescheduling Fee: AED 100 + 5% VAT (AED 105).
No Liability Certificate: AED 60 + 5% VAT (AED 63).

Eligibility Criteria

Business Age: Minimum 1 year of operation.
Turnover: Ongoing monthly POS turnover sufficient to cover monthly EMI
Security: Post-dated security cheques equivalent to 120% of loan amount.
Customer Profile: UAE-registered merchant with active POS machine and bank account in Deem’s approved partners.

Quick Merchant Loan (QML)

Product Features

Purpose: Revolving 13-month facility for working capital, drawn in full up to four-month tenors, renewable up to three cycles during the tenure.
Facility Size: Up to AED 200 000 per drawdown (subject to eligibility).
Tenor: Each drawdown repaid over 4 months via equal monthly installments.

Profit Rate

Typical Rate: 22% per annum on reducing balance, subject to credit approval and customer profile.^[2]

Fees and Charges

Processing Fee: 0.50% of drawdown + 5% VAT (0.52% total).
Transaction Fee: 2.00% of drawdown + 5% VAT (2.10% total).
Early Settlement Fee: 1.00% of remaining balance + 5% VAT (1.05% total).
Loan Rescheduling Fee: AED 100 + 5% VAT (AED 105).
No Liability Certificate: AED 60 + 5% VAT (AED 63).
Cooling-Off Period: 5 business days from acceptance, fees refunded net of direct costs if cancelled within this period.

Eligibility Criteria

Business Age: Minimum 1 year of operation.
Turnover: Monthly POS and bank turnover to support four months of serial drawdowns.
Security: Post-dated security cheques equal to 120% of maximum QML facility.
Customer Profile: UAE-registered merchant with active POS, no prior defaults, and banking relationship via Deem’s approved channels.

Documents Required

Application: Complete Deem’s online form or via partner app; minimal documentation required (trade license, Emirates ID, bank statements).
Credit Assessment: Instant preliminary decision followed by verification of POS turnover and bank statements.
Agreement and Security: Sign General Terms & Conditions and Product-Specific Terms; submit post-dated cheques.
Disbursement: Facility amount made available in merchant’s bank account; direct debits scheduled for EMI deductions.

Additional Info

Fast Approvals: QML decisions within 24–48 hours; Merchant Loans within 3–5 business days.
Collateral-Lite: Post-dated cheques in lieu of real estate or third-party guarantees.
Transparent Pricing: All fees and charges disclosed upfront; cooling-off period for QML.
Flexible Tenors: Multiple drawdown and tenor options to match cash-flow cycles.

This detailed guide outlines Deem’s Merchant Loan and Quick Merchant Loan solutions, including their profit rates, fees, and eligibility criteria, designed to empower UAE SMEs and merchants with accessible, rapid, and transparent business financing.