Property finance services for your business expansion plan

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Services Financial Services

Property finance services for your business expansion plan

Dubai

15,000 AED

Ref: SR0000083 updated 1 year ago

Mzad Uae 113 Services

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Description

Eligibility and Documents

Application Eligibility

Age 21 to 65 years old
AED 15,000 (min) per month for salaried Individuals.
Annual income for self employed
Length of business for Self-Employed: 1 year (minimum).
Length of business for Companies: 1 year (minimum).

Finance Amount & Tenure

Min AED 250,000 to maximum AED 10,000,000
Maximum tenure upto 8 years.

General

Original Passport and valid emirates ID
Original Labour Card.
Original Kulasat Qaid (For UAE Nationals)
Filled Financing application form.
Original Property Sale Agreement OR copy of title deed / affection plan.
Copy of receipts paid to developer till date (if applicable).
Latest 6 months personal bank statements.
Processing / Arrangement fees.
Liability Letter.
Cheque for AED 3,000/- for valuation of property.
Postdated cheques or standing order confirmed from applicant's bankers.

Additionally for Salaried applicants

Salary certificate (UAE Nationals & Residents) stating position, length of service, basic salary, and other allowances.
Salary Transfer letter from the employer where applicable.

Additionally for Self-employed applicants

Trade License.
Chamber of Commerce Registration.
Memorandum / Articles of Association.
Latest Audited financials for 2 years (with 3 year's financial data).
Company Bank statement for the past 6 months (1 year if no audited financials available).
Copy of Bank Facility Letter/s (if applicable, i.e. if enjoying any credit facilities from other banks).

Specific to Construction Finance

Floor layout and specifications from the consultant.
Approval of respective Emirate Municipality.
Letter from a consultant with an estimated cost.
Contractor's documents.

23rd Floor, Al Saqr Business Tower Sheikh Zayed Rd - Trade CentreDIFC - Dubai P.O. Box 282400, Dubai, U.A.E, Dubai, United Arab Emirate

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