REQUEST FOR GRACE PERIOD EXTENSION

  • Service Description:

    It is a service provided to current applicants who benefit from the services of Mohammed bin Rashid Fund to support SMEs by submitting a letter
    requesting an extension of the grace period due to the loan.

  • Service Structure and Type:

    Supplementary Procedural Service

  • Service Requirements:

    • Request letter from the applicant.
    • Fill out the service submission form via e-mail.
  • Customer Journey steps:

    1. Send a message via the unified Foundation e-mail: info@sme.ae
    2. Communication and discussion about the application.
    3. An approval/rejection email is received.
    4. The applicant's signature on the updated payment schedule.
  • Service Correlation with Other Services:

    Funding Services

  • Service Limitation

    To be a current beneficiary of funding services.

  • Service Provision Channels

    Foundation e-mail: info@sme.ae
    Mohammed Bin Rashid Fund for SME Website: thefund.ae

  • Expected Service Completion Time:

    10 working days

  • Expecting Waiting Time:

    15 Minutes

  • Beneficiary:

    Individuals Category - New Entrepreneurs from Citizens.
    Members Category - National Projects Owners. (Beneficiaries of Funding Services).

  • Service Fees (if any):

    None

  • Service Delivery Times:

    24/7

  • Frequently Asked Questions:

    How often is it allowed to use the service?
    There is no specific number to benefit from the service and it depends on the approval of the committee.

    What is the grace period offered to applicants?
    It varies according to the nature of the service and extends from one month to 24 months.


Smile Button

Thank you for your feedback