The Commercial Bank of Dubai offers a Business Loan to help businesses grow and succeed. This loan is designed to support entrepreneurs and companies in meeting their financial needs for various business purposes. If you're looking for a business loan in Dubai, the Commercial Bank of Dubai (CBD) is a great option. CBD offers business loans that can help you fund and grow your business. Their business loans come with competitive interest rates and flexible repayment terms. Whether you need funds for expansion, working capital, or any other business needs, CBD can provide the financial support you seek. Visit your nearest CBD branch or check their website to learn more about the business loan options available to you. The bank aims to create exceptional banking experiences in order to create sustainable prosperity. CBD pledges to:
Sincerity
Simplicity
Collaboration
Creativity
Accountability
Superiority
Below are the specific eligibility criteria that must be met in order to qualify for a CBD business loan. These criteria encompass various aspects such as financial stability, creditworthiness, business viability, and compliance with legal and regulatory requirements.
The necessary criteria to qualify for a CBD business loan are:
The applicant for a CBD business loan must be registered in the United Arab Emirates.
Available to all registered companies that work in the manufacturing, professional, trading, or service industries.
A company that has been in operation for at least 2 years generates at least AED 2 million in sales annually.
At least 6 months of banking with CBD or another bank, with an AED 40,000 minimum amount maintained in the bank account.
Listed below are the characteristics and advantages associated with CBD business loans. These financing options offer unique features that cater specifically to the needs of businesses operating in Dubai, providing them with a modified financial solution. Some key attributes and benefits include:
Flexible restrictions with extensive finance amounts—up to AED 2 million for top-ups and buyouts and up to AED 1 million for NTB—are available.
There is no need for security or collateral: minimal paperwork and hassle-free access to credit.
Fair and highly competitive pricing and a guarantee to keep costs and interest rates competitively low in the market.
There is a choice for Islamic funding.
Convenience: Your CBD Business Bank Account is immediately debited for all repayments.
Repayment period flexibility: up to 48 months
Loan top-up option following a full year of acceptable loan performance.
Relationship managers that are committed to looking after your daily company accounts.
Access to every branch of CBD Bank for regular banking needs.
The following are the essential documents required to get a CBD business loan:
If applicable, a valid passport or national ID with a UAE residency visa and the Emirates IDs of all signing authorities and shareholders
A valid trade license, a certificate of commercial registration, an incorporation certificate for a free zone, a memorandum of association, and a partnership agreement, if applicable
Board resolution or power of attorney, if appropriate
Evidence of Address, Ultimate Beneficial Owners' Details, Bank Reference Letter, and, if relevant, Company Profile
No need to have financial statements audited
Authentic bank statements for the corporate organization over the last 12 months
Streamline the CBD loan process effortlessly by collaborating with the professionals at Dhanguard. Our comprehensive banking solutions provide a secure and user-friendly platform, ensuring you have all the tools needed to efficiently manage your business finances. Let us use our knowledge to make getting a CBD business loan manageable. Our experts will help you understand everything and make the whole process simple. You can count on us to guide you and ensure you get the financial support your business needs without any trouble. Dhanguard professionals will be with you every step of the way, ensuring everything goes smoothly and helping your business reach its full potential.
