| Minimum Revenue | Maximum Loan Amount | Equity Required | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Aseel Business Finance
|
Minimum Revenue: AED 900,000 | Maximum Loan Amount: AED 2,500,000 | Equity Required: No | Maximum Term: 4 Years | Flat Rate: 11.58% | Reducing Rate: 21.0% |
Aseel Business Finance provides financial solutions to SMEs. Whether it’s the day to day requirement of working capital or the SMEs wish to purchase any asset/service, Aseel's Business Finance solutions will help them solve their financing issues with additional benefits of free key-person protection, and faster turnaround time.
Introductory Offer:
Collateral-free financing
Aseel Business Finance Features:
Introductory Offer:
Collateral-free financing
Aseel Business Finance Features:
- Minimum monthly turnover AED 75,000 to apply
- Free Key-person Takaful Protection
- Maximum term is up to 60 months
- Minimum age of business should be 2 years
- Constitutional documents where applicable: Trade License Chamber of Commerce Certificate Commercial Register Certificate Memorandum/Articles of Association Service Agency Agreement Notarized Power of Attorney
- Key person's & Partner (s) Identity Documents (Passport, Emirates ID, Partner's passport, Partner's Emirates ID, Key person's Visa page (if not UAE National))
- Latest 6 months bank statement
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
