Where to find the best business loans in the UAE?

UAE: Planning to take a personal loan? What are your best options? |  Yourmoney-saving-investment – Gulf News

Are you an entrepreneur planning to start your business but need urgent liquid funds? Or are you facing a cash crunch in your firm? The ultimate solution to these problems lies in business loans. Dubai, the leading business hub, is known for its flourishing business environment. Several banks in Dubai offer loans to businesses of different sizes and fields. Before availing of a business loan in UAE, let’s go through quick facts; that you must know.

Business Loan in UAE: Quick facts:

As your business grows and develops, you need cash flow to meet the financial requirements. Therefore, banks offer loans to provide emergency funds. When the matter is about financing, banks in Dubai support loans to businesses and products that comply with the principles of Islamic Law (Shari’ah). Here are some critical pieces of information that you must remember to get a business loan in Dubai:

Types of loans: Commercial banks propose several types of business loans, including working capital loans, term loans, and trade finance solutions. They also give startup business loans in UAE and cater financing solutions for purchasing construction equipment, professional and medical equipment, and properties for your businesses. Each type of loan comes with its advantages and features, and you can choose the one that best suits your business by doing online research.

Eligibility Criteria: Your business needs to fulfill certain minimum requirements for annual turnover, and credit score so that you can apply for a business loan.

Amount of loan sanctioned and its repayment period: Depending on the bank and type of loan, the loan amount and repayment period vary. You must check the websites of the banks for further details.

Interest rates and fees: The interest rates and fees for business loans are different based on the type of loan you opt for. Some banks also charge a non-refundable processing fee for loan applications.

Collateral: Banks that serve small and fast capital needs, do not require collateral. However, for businesses of larger capacity, when the loan amount is also high, banks require collateral, such as property or equipment, to secure the loan. 

Documentation: To apply for a business loan you must provide your identification documents, business plans and your existing financial statements properly to avoid rejection of the application.

To apply for a business loan in UAE, you must follow the steps mentioned below:

  1. Choose the bank and do online research on their loan types.
  2. Select the best type of loan that matches your requirements.
  3. Go through the eligibility criteria and ensure that you meet them.
  4. Prepare all documents like balance sheets, identification details, and bank account statements before application.
  5. Fill out the online application form and submit it.


Business loans can be a saviour when you need to start a new business or to successfully run your existing business. Now that you know where and how to get your business loan, explore the banks’ official websites now and find the best possible match for your business needs.

Leave a Reply