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)