Gulf Finance Small Business Loans Features:
- Unsecured cash loan of up to AED 250,000 for new customers
- Or AED 500,000 for top-ups/ loan buy-outs
- Minimum annual revenue - AED 2.5 Million as evidenced in bank statements
- Maximum term - 48 months
Interest Rates:
- 20%-24% for new loans
- 18%-20% for loan buy outs
- 18%-22% for top-ups
Maximum Loan Amount:
- AED 250,000 for new customers
- AED 500,000 for top-ups/ Loan buyouts
Minimum Age of Business:
- 3 years for trading companies, as measured from the date of owner joining the business
- 2 years for other companies, as measured from the date of owner joining the business
Early Settlement Fees:
- 2%, if settled from own funds
- 5%, if settled from other financial institutions
Documents Required:
- 12 month bank statements for general trading companies, 6 months bank statements for other companies
- KYC/KYB Documents
- Verbal financials
- Copies of invoices (sales and purchase)
