1. Small Business Term Loan

Purpose:

• Unsecured working capital and CAPEX financing for small enterprises

Pricing:

• Interest Rate: 3-month AED EIBOR + bespoke spread (floor applies; fixed quarterly)
• Processing Fee:35% of loan amount
• Minimum Fee: N/A
• Maximum Fee: N/A
• Credit Life Insurance:65% p.a. of loan amount
• Late Payment Fee: 2% of delayed installment (min AED 50, max AED 200)
• Early Settlement Fee: 5% of outstanding balance (1% for repeat/top-up loans)

Fees & Charges:

• Postponement: N/A
• Property Valuation: N/A
• Liability Letter: Up to AED 500
• Pre-Approval Fee: N/A
• Partial Pre-Payment: 5% of prepaid amount (within calendar year allowance)

Tenor:

• Up to 48 months

2. Secured Business Loan

Purpose:

• Working capital or CAPEX against liquid collateral (property or fixed assets)

Pricing:

• Variable Rate: 3-month AED EIBOR + margin (with floor)
• Fixed Rate: Available on request; specified in offer letter
• Processing Fee: 1% of loan amount
• Minimum Fee: N/A
• Maximum Fee: N/A
• Credit Life Insurance:165% p.a. of property value (rack rate)
• Property Insurance:06% p.a. of property value
• Property Valuation: AED 2,500 per property
• Late Payment Fee: AED 200 per installment
• Early Settlement Fee: 5% of outstanding balance; 1% top-up loans

Tenor:

• Up to 120 months 

3. Merchant Lending

Purpose:

• Short-term liquidity against POS receivables

Pricing:

• Fixed Rate: Specified in offer letter
• Processing Fee: Up to 1.61% of loan amount (inclusive of credit life insurance)
• Credit Life Insurance: Included in processing fee
• Late Payment Fee: AED 200 per installment
• Early Settlement Fee: 5% of outstanding balance; 1% for repeat loans

Collateral:

• Receivables from POS machine; no asset collateral required

Tenor:

• Custom tenors based on receivables cycle (typically up to 12 months)

Eligibility Criteria

• Business Age: Minimum 1 year of continuous operations
• Annual Turnover:
  – Small Business Loan: ≥ AED 600,000
  – Secured Loan: ≥ AED 2 million
  – Merchant Lending: Sufficient POS receivables to cover proposed facility
• Legal Structure: LLC, sole proprietorship, partnership, or branch
• Documentation: Valid trade license, MOA/AOA, last 12 months’ bank statements, audited financials (if available), property documents (secured loans), POS statements (merchant)
• Credit Profile: Clean banking history; no defaults