REQUEST FOR CREDIT LOAN

  • Service Description:

    Entrepreneurs can obtain high-value credit loans a value of more than one million dirhams and not exceeding 3 million through bank guarantee from one of Dubai SME's banks & financial institution partners. Low interests, in addition to a grace period for loan repayment, to enable Dubai SME members to cover
    costs and generate profits.

  • Service Structure and Type

    Main Procedural Service

  • Service Requirements:

    • Copy of National ID.
    • Copy of the Passport.
    • Copy of the Family Book.
    • Market Feasibility Study.
    • Project Financial Study.
    • Updated resume/ CV.
    • Experience certificates in the field of the project (if any)
  • Customer Journey steps:

    1. Sign up in the Fund's website: thefund.ae
    2. Initial approval of the request and guiding the applicant in submitting the request for funding.
    3. The applicant meeting with the fund team to review the work plan, the financial plan, and related documents.
    4. The applicant uploads the documents through the fund's website.
    5. Field visit to view the existing project (if required).
    6. Presenting the idea/ request to the credit committee.
    7. The applicant signs the financing contract and the payment schedule, in addition to other documents, and obtains copies of them.
  • Service Correlation with Other Services:

    Request for Consultation in Funding

  • Service Limitation

    To be the first funding service.

  • Service Provision Channels

    Mohammed bin Rashid Fund for SME Website: https://thefund.ae/

  • Expected Service Completion Time:

    120 working days

  • Expecting Waiting Time:

    30 minutes

  • Beneficiary:

    Individuals Category - New Entrepreneurs from Citizens.
    Members Category - National Projects Owners.

  • Service Fees (if any):

    N/A

  • Service Delivery Times:

    24/7

  • Frequently Asked Questions:

    What is the Request for Credit Loan? What makes it special?
    Entrepreneurs can obtain high-value credit loans a value of more than one million dirhams and not exceeding 3 million through bank guarantee from one of
    Dubai SME's banks & financial institution partners. Low interests, in addition to a grace period for loan repayment, to enable Dubai SME members to cover costs and generate profits.

    What are the supporting documents for applying for a credit loan?
    Copy of National ID.
    Copy of the Passport.
    Copy of the Family Book.
    Market Feasibility Study.
    Project Financial Study.
    Updated resume/ CV.
    Experience certificates in the field of the project (if any).


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