Customise Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorised as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyse the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customised advertisements based on the pages you visited previously and to analyse the effectiveness of the ad campaigns.

No cookies to display.

businees-loan-in-dubai-3a global corporate service provider

How To Get a Business Loan In Dubai

To get a business loan in Dubai, it’s important to keep a few things in mind, whether you’re just getting started or want to expand your current operations. Consider the bank’s criteria and make sure you can satisfy all of the terms and conditions before applying for a business loan to see if you qualify.

  • The applicant must be over the age of 21
  • The business must have been in operation for at least 2 years (or as little as 1 year for certain banks)
  • The business’s annual revenue must be at least 1 million AED
  • The business must be a branch or representative of an offshore company.

Dubai’s business loan options span a wide spectrum, so it’s important to find one that works for your company. Choosing the best loan for your company requires a thorough understanding of your needs.

Common types of business loans in Dubai
  • The monthly payments on a standard business loan are set and can only fluctuate if the loan is structured as a variable-rate loan.
  • If you have a credit card, you can get a cash advance on it. However, interest rates on credit card borrowing tend to be quite high.
  • When conventional bank loans aren’t an option, a small association-backed loan may be the next best thing. The government may apply severe fines for late payments.
  • In accordance with Sharia law, the collection of interest is forbidden in Islamic finance. Instead, losses are shared with the investor under a profit-and-loss agreement.
  • Profit-and-loss agreements are the foundation of Islamic finance. Mudarabah is a type of contract where the entrepreneur and investor split any gains but the investor takes on any losses.

After your bank has approved your application for a business loan, you will need to submit the necessary documentation so that your loan may be processed.

  • Bank statements for the past 6-12 months
  • A completed bank application form
  • business constitution documents (e.g., AoA, MoA, partnership deed)
  • copy of loan applicant’s passport
  • Audit report
  • Ministry of Labour employee list
  • lading bill (if applicable)
  • Trade license
  • Copy of owner’s home residence tenancy contract or sharing accommodation letter
  • High-volume transaction invoices
  • VAT certificate
Methods to Increase Eligibility for  Business Loan in Dubai

There are a few things you can do to increase your chances of being approved for a business loan if you’re worried about being rejected.

  • Keep your credit rating at or above 750.
  • Make all loan and credit card payments on time, and keep all other bills paid as well.
  • It’s not a good idea to apply for many loans at once because that can lower your credit score.
  • To reduce your monthly payment and make the EMI more manageable, extend the length of your loan’s payback term.

To get a business loan in Dubai for your company is crucial to its success and expansion. If you need assistance securing a company loan, hiring a business consultant like 3AGlobal might be a great asset.

Visit official website

To know about banking services click here

Request a Free Consultation

Consult right now with our experienced team for complete solutions to your business requirements.

contact-3a global corporate services provider-uae-for businees license-2024

Thank you for your response.Our executive will contact you soon