Business Loan in UAE

Business loans in the UAE typically range from AED 50,000 to AED 5,000,000, depending on the lender and the borrower's financial profile. Some institutions offer amounts up to AED 7 million for specific sectors. :contentReference[oaicite:0]{index=0}

Interest rates can be either fixed or variable. Fixed rates provide predictable monthly payments, while variable rates may fluctuate based on market conditions. Rates generally start from 8% and can go up to 24% per annum, depending on the lender and the borrower's creditworthiness. :contentReference[oaicite:1]{index=1}

Repayment periods are flexible, typically ranging from 12 to 60 months. Some lenders may offer terms up to 84 months, allowing businesses to align repayments with their cash flow cycles. :contentReference[oaicite:2]{index=2}

Many business loans in the UAE are unsecured, requiring no collateral. However, secured loans may be available for larger amounts or specific purposes, potentially offering lower interest rates. :contentReference[oaicite:3]{index=3}

Eligibility often includes a minimum annual turnover of AED 1 million and at least one year of business operation. Some lenders may require a higher turnover or longer operational history. :contentReference[oaicite:4]{index=4}

Required documents typically include a valid trade license, bank statements for the past 6 to 12 months, audited financial statements, passport copies of owners/partners, and a detailed business plan. :contentReference[oaicite:5]{index=5}

Some lenders offer additional perks such as free credit cards, life insurance coverage, and dedicated relationship managers to assist with financial planning and loan management. :contentReference[oaicite:6]{index=6}