Ajman Bank Business Financing

Minimum Salary
500,00 د.إ

Flat Rate
9.9%

Reducing Rate
15%

Maximum Term
48 Months

Monthly Payment
AED 36,000

Description

Entrepreneurs seeking short-term working capital or equipment acquisition with collateral-free options should opt for Business Installment Finance. Companies requiring micro–to–mid-size working capital or CAPEX funding can leverage Working Capital Finance or Long-Term Finance (Ijara). For real estate projects, the Real Estate Finance solution is most suitable.

Features

Product Suite Overview

Facility Name	Purpose	Maximum Facility	Tenor	Collateral Requirement
Business Installment Finance	Acquisition of supplies, equipment, inventory	AED 250,000	Up to 48 months	Unsecured for amounts ≤ AED 250k
Working Capital Finance	Raw materials, inventory, receivables liquidity	Negotiable	Revolving (short-term)	Murabaha asset pledge or lien
Long-Term Finance (Ijara)	Capital expenditure: plant, machinery, vehicles	Negotiable	Up to 7 years	Asset lease agreement
General Corporate Finance	Debt consolidation, project finance (Murabaha/Mudaraba)	Up to AED 5 million	1–5 years	Asset-backed; corporate guarantees
Real Estate Finance	Acquisition/refinance of commercial property	Negotiable	Up to 15 years	Mortgage or project lien
Auto & Fleet Finance	Vehicle purchase for rent or fleet operations	Negotiable	Up to 5 years	Vehicle pledge

Profit Rates & Charges

Indicative Profit Rates

Ajman Bank’s Shari’a-compliant facilities apply Murabaha (cost-plus sale) or Ijara (lease) structures. Profit rates depend on facility type, tenure, and client profile. While specific rates are customized per application, typical ranges are:

Business Installment Finance: 5% – 13.5% p.a.
Working Capital Finance: 5% – 11.0% p.a.
Long-Term Finance (Ijara): 0% – 10.5% p.a.
General Corporate (Murabaha/Mudaraba): 5% – 9.0% p.a.
Real Estate Finance: 0% – 8.5% p.a.
Auto & Fleet Finance: 5% – 12.0% p.a.

Schedule of Fees (Exclusive of 5% VAT)

Fee Type	Charge
Processing / Arrangement Fee	1.0% of finance amount (min AED 500; max AED 2,500)
Takaful Contribution	0.95%–1.00% of financed amount
Early / Partial Settlement Fee	1.0% of outstanding amount (max AED 10,000)
Late-Payment Charity Donation	2.0% of delayed instalment (max AED 200)
Instalment Deferment Fee	AED 100 per deferment
Finance Cancellation Fee	AED 100
Loan Rescheduling Fee	AED 300
Direct Debit Setup Fee	AED 50
Liability / Clearance Letter	AED 50–AED 60 per request
Property Evaluation Fee	AED 2,500 per request (for Real Estate Finance)
Municipality & Registration Fees	As per emirate tariff (Real Estate Finance)

Eligibility Criteria

Business Tenure:
- Business Installment: ≥ 1 year of operation
- Other Facilities: ≥ 2 years of trading history
Annual Turnover:
- Business Installment: ≥ AED 1 million
- Corporate Finance & Real Estate: ≥ AED 5 million
Industry Sectors: Trading, manufacturing, contracting, logistics, hospitality, real estate development
Credit Profile: Clean corporate credit record and satisfactory bank conduct
Shari’a Compliance: Business activities must adhere to Islamic principles

Documents Required

Application Form: Completed Ajman Bank Business Finance form
Corporate Papers: Trade license, Commercial Registration, Memorandum & Articles of Association, shareholder resolution
Financials:
- Installment & Working Capital: Management-prepared financial statements (last year)
- Long-Term & Corporate: Audited financial statements (last 2 years)
Bank Statements: Last 6 months of business and personal accounts
Identification: Passports, Emirates IDs, and UAE visas of signatories
Asset Documents: Title deeds, lease agreements, or asset registration papers for collateralized facilities
Guarantees: Board resolutions, corporate guarantees, or personal guarantees as required

Additional Info

Collateral-Light Options:
- Business Installment Finance unsecured up to AED 250k
- Working Capital Finance with minimal asset pledge
Swift Turnaround: Approval in 2–5 business days for smaller facilities
Flexible Repayment: Monthly instalments, balloon payments, and bespoke schedules
Digital Access: Facility tracking, instalment payment, and deferment requests via Ajman Bank Online and Mobile App
Shari’a-Compliant: All products approved by the bank’s Internal Shari’a Supervision Committee
Dedicated Relationship Manager: Personalized structuring, project advisory, and post-disbursement support
Market Partnerships: Access to preferential supplier rates and trade-finance advisory through Ajman Bank’s corporate network