Best Business Loans in Dubai

Getting a business loan in Dubai is something that may seem difficult to the novice and simple for the experienced. You may be in either of the categories, and yet you will want to know the best business loans in Dubai. There is a lot of confusion regarding business loans in Dubai. With so many options to choose from, most business owners in Dubai are at a fix as to which loan is suitable for their business.

If you, too, have that dilemma, you have come to the right place. In this article, you will find the best loan options in Dubai. After you finish reading this post, you will have a clear idea as to which company you should choose for a loan for your business. 

So, here goes the list.

*NOTE: This is not a ranking list.

1. Abu Dhabi Commercial Bank (ADCB)

Abu Dhabi Commercial Bank

Abu Dhabi Commercial Bank (ADCB) is one of the best loan providers for business purposes. This loan can fulfill various business needs of the borrower, such as equipment capital, working finance, commercial assets, and more.

Features of ADCB business loan:

  • Loan amount up to 3.5 Million AED
  • 7 day approval time 
  • 2% processing fee
  • 17% interest rate
  • Flexible repayment option (48 months)

2. RAKBANK 

RAK Bank

If you are a small or mid-sized company, RAKBANK is an excellent option for a business loan. With RAKBANK finance, your business can fulfill short term to medium term business requirements. The best part is that it needs very minimal documentation. 

Features of RAKBANK business loan:

  • Loan amount up to 3 Million AED
  • Collateral free loan
  • Flexible repayment option (60 months)
  • Minimal documentation

3. Commercial Bank of Dubai (CBD)

CBD

CBD aims to offer a comprehensive range of cost-effective and flexible financing facilities. No collateral up to AED 2 million high. Also, it provides a business credit card with high credits for easy access to money.

When it comes to flexible finance for businesses, the Commercial Bank of Dubai has a top spot. The customer-friendly regulations of this bank make it one of the best business loan providers in Dubai.

Features of CBD business loan:

  • Loan amount up to 2 Million AED
  • Flexible interest rates (11-13%)
  • 1-3% processing fee 
  • 1.5% early settlement fee 

4. United Arab Bank (UAB)

United Arab Bank 

If you want a finance company that understands your business needs, this is the company for you. United Arab Bank offers convenient interest rates and other benefits to help you grow your business. 

Features of UAB business loan:

  • High loan amount
  • Affordable interest rates
  • 2% processing fee 
  • Flexible repayment option (36 months)
  • Easy documentation process

5. Emirates NBD

Emirates NBD

With Emirates NBD, your business can meet its requirements at the right time. They provide some phenomenal business financing products which are designed to make your business reach a new level.

Features of Emirates NBD business loan:

  • Loan amount up to 1.5 Million AED
  • Competitive interest rates (15-20%)
  • Flexible repayment option (48 months)
  • Collateral free loan

That was the list of providers of the best business loan in Dubai. Make sure to compare these loans and choose the one that perfectly suits your business needs.