| Minimum Revenue | Maximum Loan Amount | Equity Required | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Emirates Islamic - Business Finance
|
Minimum Revenue: AED 150,000 | Maximum Loan Amount: AED 2,000,000 | Equity Required: Yes | Maximum Term: 4 Years | Flat Rate: 8.0% | Reducing Rate: 14.51% |
Use our financing solutions to manage your cash flow, asset acquisition and expansion requirements for your business.
Features & Benefits:
Features & Benefits:
- Murabaha and Ijarah products
- Designed to provide solutions for: Working capital and fixed assets financing of up to AED 3 million on an unsecured/partially secured basis or up to AED 5 million on a fully secured basis
- Trade finance products including Sight/Time LC's, Cash LC's, LC murabaha financing and all types of letters of guarantee.Vehicle fleet, buses and heavy truck financing initial public offering (IPO) financing (on selective basis)
- Processing Fee: 1.50%
- Settlement Fee: 5.00 %
- Minimum Annual Turnover: AED 1,500,000
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual profit rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual profit rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different profit rates and fee structures.
Representative Example Calculator
