Dubai Islamic Bank's Al Islami Business Finance extends up to AED 1.5 million for businesses who think big. With a hassle-free approval process and business-friendly payment options, Al Islami Business Finance is the better way for all your business needs.
DIB Business Finance Features:
• Finance up to AED 2.5 million
• Competitive Profit Rates - 17%-24%
• Financing based on Salam Finance
• Flexible tenure from 6 months to 48 months
• Minimum Annual Turnover - AED 1 Million
• Minimum Annual Turnover 1000000
• Minimum Loan Amount: AED 50,000
• Unique features:
• The company should have a minimum annual sales turnover of AED 1,000,000 to be eligible for this finance
• You do not need an account with the bank to apply for a business finance
• The flat rate starts at 17% and can go up to 24% per annum, depending on company profile
• The company should be at least 1 year old in order to qualify for finance
• Fees & Charges:
• The early settlement fee is up to 1% of outstanding balance
Account required
No
Finance type
No
Insurance/takaful
No
Loan Type
Islamic
Max. finance amount
AED 2.5 million
Maximum Tenure
4 Years
Minimum Annual turnover
AED 1,000,000
Min Finance amount
AED 2,250,000
Processing fee
No
Fixed rate
9.37%
Reducing rate
17.00%
Settlement Fee
1%
Time in business
1 year
Top-up
No
Key Man Insurance
No
Processing time
No
Entity Required
Yes
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