Commercial Bank of Dubai finance goods Alvaidhmn 12% rate The minimum annual sales of two million dirhams Almtnaqshemen ratio of 12% Work for? 2 year / year Althabthemen ratio 6.62% Wonderful for • High loan amount be aware of • There is a maximum and minimum annual sales requirement Key Features • Products made with funding (for small business loans, overdrafts) and credit cards to work for the total amount of the loan up to 3 million dirhams • flexibility in payment starting from 12 month to 48 month • Does not require any collateral or security approval • There is a special relationship, director of banking services for business • banking services for business mobile Necessary documents • Application Form • valid commercial license • a copy of the passport of the owners / partners with valid residence visa for expatriates • a copy of the identity card Alamartah • A copy of the sponsor's passport • Partnership Certificate / Certificate of Incorporation • documented memorandum of expatriate lawyers are stating clearly borrowing item • two fiscal years reports • partnership memorandum clearly stated where borrowing item (if it is not mentioned in the Memorandum of Association this item is required the Board of Directors resolution and / or delegate) • electricity bill or lease of the borrower (not more than 45 days ago) • bank statement for six months • Sales and purchases bills Features Overview • dwindling percentage of this financing is 12% fixed rate equivalent to the decreasing ratio is 6.50%. PI is calculated by multiplying the ratio decreasing to 1.814 and this calculation only to denote • dwindling percentage of this financing is 12% fixed rate equivalent to the decreasing ratio is 6.50%. PI is calculated by multiplying the ratio decreasing to 1.814 and this calculation only to denote • early settlement fee of 1.5% of the remaining balance • transaction fee of 1% of the total amount of funding • repay financing for up to 12 Months • The maximum funding is provided 3 million dirhams • Minimum Funding is provided 100,000 dirhams • it must be the age of the company at least two years in order to be eligible for funding • The maximum annual sales to qualify for this funding 40,000,000 AED. • You must have a minimum annual sales volume of 2 million dirhams the company to be eligible for this funding. • get prior approval, and credit business card free for life with this funding. The limit set for this card is AED 250,000 • You need to have a bank account for a period of at least six months to get the trade finance • Unsecured • Amejrd filings successfully, funding to 5 working days needed for approval
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