Provision of interest-free financial loans, so that the amount of financing does not exceed one million United Arab Emirates dirhams, for a period not exceeding five years (not including the grace period of one to 24 months), payments are made monthly through soft and fixed premiums, and the service is a financing solution for new companies; to cover the costs of establishing new projects.
Main Procedural Service
Request for Consultation in Funding
To be the first funding service
Mohammed bin Rashid Fund for SME Website: https://thefund.ae/
90 Days
30 minutes
Individuals Category - New Entrepreneurs from Citizens. Members Category - National Projects Owners.
N/A
24/7
How much is the maximum amount of funding through the fund? 1 million dirhams
How much is the interest rate? None
How long is the repayment period? Maximum period of 7 years, including grace period of two years
What is the Grace period duration? Minimum 1 month & Maximum 24 months
What are the financing solutions provided by the Fund? The fund offers various solutions for new and existing projects
What is the eligible age group for financing the fund? The age of the applicant must be between 21 and 65 years
What is the percentage of self-contribution by the entrepreneur? The contribution rate exceeds 20% and is linked to the total project cost
Dear User to resume your application or apply for new Fund Service request kindly contact Fund Team by message service.