Business Loans UAE
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Most UAE banks require a minimum annual turnover of AED 1,000,000. Some banks (NBF, ADCB unsecured) accept AED 750,000. Emirates NBD Working Capital and Wio Bank accept from AED 500,000. Businesses below AED 500,000 annual turnover typically do not qualify for any bank loan product.

UAE banks typically lend 30–50% of your annual turnover, subject to your average monthly balance and repayment capacity. The actual eligible amount also depends on your AECB credit score, VAT compliance, and business age. My Eloah's analysis gives you an accurate figure before you approach any bank.

Most banks require a minimum 6-month average balance of AED 25,000–50,000. RAKBANK, Mashreq, DIB, and NBF accept AED 25,000. Emirates NBD SME and FAB require AED 50,000. Wio Bank accepts from AED 10,000 for newer or smaller businesses.

Rates range from 14% to 24% per annum depending on the bank and your risk profile. RAKBANK uses a flat rate (17–24% p.a.) while most other banks use a reducing balance method. Islamic banks (DIB, ADIB) use a profit rate equivalent. My Eloah negotiates the best rate for your profile.

Most banks require a minimum of 2 years of operation. RAKBANK and Emirates NBD Working Capital accept 1-year-old businesses. Wio Bank accepts businesses as young as 6 months. Businesses under 6 months old do not qualify for any bank loan product currently.

You will need: Trade License, Memorandum of Association (MOA), 12 months bank statement, VAT filing reports (4 quarters), passport copies and Emirates IDs of all partners, and a company business profile. My Eloah prepares your complete file before approaching any bank.