Business Overdraft

At BSI-UAE, we pride ourselves on offering a wide range of financial solutions tailored for small businesses, and corporate.

Features
  • Quick approval and simple documentation
  • Avail overdraft facility upto 90% of Fixed Deposit denominated in AED and held with BSI-UAE.
  • Interest is charged on the utilized amount for usage period.
  • Credit facility can be renewed annually, subject to terms & conditions.
  • Applicable interest rate is Fixed Deposit rate +3% p.a
Eligibility Criteria
  • Applicant(s) to have banking relationship with BSI-UAE.
  • Valid UAE trade License.
  • Evidence source of income.
Documents Required
  • Fixed deposit to be held and pledged with BSI-UAE
  • Business overdraft Application Form
  • Valid passport, residence visa and Emirates ID of partners
  • Iranian National Card/ Shanasnameh in case of Iranian National as partner valid trade License.

Note: Final approval of your loan facility is subject to BSI-UAE credit policies, Complete Documentations and satisfactory AECB report.Terms and conditions shall apply.

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